Reuters: Business News

Hershey mulls £10 billion solo bid for Cadbury - source

Sun, 22 Nov 2009 00:19:12 +0000

PHILADELPHIA (Reuters) - U.S. chocolate maker Hershey Co is considering launching a bid of at least $17 billion (10 billion pounds) for chocolatier Cadbury Plc as it seeks to trump a hostile offer by Kraft Foods Inc, a source familiar with the matter said on Friday.

Obama asks for patience on economy

Sun, 22 Nov 2009 00:14:24 +0000

WASHINGTON (Reuters) - President Barack Obama on Saturday urged Americans to show patience over the economy and argued that his just-concluded Asia trip was critical for U.S. exports, countering criticism he had returned empty-handed.

Putin announces more anti-crisis aid

Sat, 21 Nov 2009 14:22:57 +0000

ST PETERSBURG, Russia (Reuters) - Vladimir Putin pledged on Saturday to widen Russia's anti-crisis aid package with a car scrappage scheme and mortgage support to jolt the economy out of the worst recession in 15 years.

Rio's Cloud Peak down in debut

Sat, 21 Nov 2009 03:44:50 +0000

NEW YORK (Reuters) - Investors bet on growth in the IPOs of a Chinese hotel chain and an online education company on Friday, but were less enthusiastic about a spin-off of mining giant Rio Tinto.

EU steered to strict hedge fund rules

Sun, 22 Nov 2009 00:14:58 +0000

BRUSSELS (Reuters) - Top parliamentarian Jean-Paul Gauzes has written to members of an influential European Union committee recommending strict rules for hedge funds that clamp down on pay and borrowing, according to his report.

Barclays takes hold of Crescent

Fri, 20 Nov 2009 19:06:01 +0000

NEW YORK (Reuters) - Morgan Stanley has handed off its Crescent real estate subsidiary to Barclays Capital , the companies said on Friday.

Not all bubbles can be prevented - bank

Sun, 22 Nov 2009 00:15:31 +0000

LONDON (Reuters) - Regulators need more tools to prevent the build-up of risks in the financial system but it would be unrealistic to think all asset bubbles can be prevented, according to a Bank of England paper.

Signs of life for credit market - Experian

Fri, 20 Nov 2009 17:03:33 +0000

LONDON (Reuters) - Credit information firm Experian is seeing signs of life emerging in the credit services market from 2010, as some lenders begin to plan for new customers after two years of tightening the purse strings.

Brown ready to respond to Walker review

Sun, 22 Nov 2009 00:16:07 +0000

LONDON (Reuters) -Prime Minister Gordon Brown said on Saturday in his weekly podcast he was ready to "respond swiftly" to David Walker's banking review recommendations expected next week.

Global stocks slip

Fri, 20 Nov 2009 23:27:51 +0000

NEW YORK (Reuters) - Global stocks slid and the U.S. dollar rose on Friday as investors cut their exposure to risky assets amid signs of an anaemic U.S. economic recovery.