Wall Street Rumors – June 30, 2008
Daily rumors covering the global markets. Subscribe to the update feed here.
France Telecom Ends Deal Talks With TeliaSonera
PARIS — France Telecom SA (EPA:FTE) Monday said it has abandoned its approach to acquire TeliaSonera AB (STO:TLSN() after failing to reach an agreement on financial terms with the Nordic operator’s board.
Stock Futures Swoon As Oil [...]
Wall Street Rumors – June 27, 2008
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Global Oil-Supply Worries Fuel Debate in Saudi Arabia
Sadad al-Husseini and Nansen Saleri raced up the ranks at Saudi Aramco, the world’s most powerful oil company, working together for years to squeeze more crude from Saudi Arabia’s massive fields. Today, the two men [...]
Wall Street Rumors- June 26, 2008
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Anheuser Girds for Fight With InBev
Anheuser-Busch Cos. (NYSE:BUD) is prepared to reject InBev NV’s (EBR:INB) unsolicited $46.35 billion acquisition offer as early as this week, setting the stage for a hostile takeover battle for America’s largest brewer, according to people familiar with [...]
Wall Street Rumors – June 25, 2008
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Illinois Plans to Sue Countrywide, CEO
The Illinois attorney general’s office, which began an investigation into the business practices of Countrywide Financial Corp. (NYSE:CFC) U.S., States Probe Real-Estate Loan Broker
last fall, says it has found enough evidence of wrongdoing that it plans to [...]
Wall Street Rumors – June 24, 2008
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U.S.-Backed Mortgage Program Fuels Risks
Mortgages that allow consumers to put little if any money down when buying a home have largely disappeared as a financing option available from private lenders. But they are still available — and growing more popular – through [...]
Wall Street Rumors – June 23, 2008
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SEC Chief Under Fire as Fed Seeks Bigger Wall Street Role
One Friday in March, with investment bank Bear Stearns Cos. (NYSE:BSC) teetering toward collapse, the chieftains of U.S. financial regulation dialed into a 5 a.m. conference call to craft a bailout plan. [...]
How to Find Top Paying Dividend Stocks
Did you know 97% of the stock market returns between 1871-2003 came from reinvested dividends?
Dividend paying stocks carry a unique feature that non-dividend stocks lack: the ability to reinvest earnings without doing anything (aka DRIP plans). Your reinvested dividends continue to buy shares whether you trade or not. Most online brokers give investors the [...]
Wall Street Rumors – June 20, 2008
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Yahoo Plans Revamp Amid Staff Losses
As Yahoo Inc. (NASDAQ:YHOO)attempts to move beyond its takeover battle with Microsoft Corp., the Internet company is planning a reorganization that is sending ripples through its executive ranks.
Facebook’s Cohler to Leave, Adding to Departures
A top Facebook [...]
Wall Street Rumors – June 19, 2008
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Prosecutors in Bear Case Focus In on Email
The indictments of two former Bear Stearns Cos. hedge-fund managers are expected to cite a personal email sent from one to the other suggesting that the funds were headed for the rocks — four days [...]
Wall Street Rumors – June 18, 2008
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Spielberg, India Firm Near Deal to Ally With DreamWorks
The principals of DreamWorks SKG (NYSE:DWA) are close to a deal with one of India’s biggest entertainment conglomerates to form a new movie venture, according to people familiar with the situation, a move that [...]
