By James Quinn US Business EditorPublished: 9:23PM BST 30 Sep 2009
Shares in CIT fell by 35.45pc – down 78 cents to $1.42 – on reports that the company’s fate “was hanging in the balance” as it considered launching a debt-for-equity swap intended to wipe out as much as 40pc of its $30bn (£18.7m) debt pile. [...]
(AP) Federal Reserve Chairman Ben Bernanke uttered Friday a government program intended to spark lending to consumers and businesses is quiescent necessary even with other emergency lending programs winding down as the U.S. regulation recovers.
“An ongoing need still clearly exists” for the program, that also is aimed at making sure loans flow to the troubled [...]
THE $146 million Stamford Plaza Hotel mixed-use redevelopment proposed by developer Ashington in Sydney’s exclusive Double Bay has been rejected by the NSW government because it would be too intrusive to the community.
The highly controversial twin-tower proposal by the company that millionaire Mark Bouris recently chaired has faced opposition from some of the most high-profile [...]
MUMBAI, INDIA: India’s Bharti Airtel said late on Wednesday it and South Africa’s MTN had called off talks for a planned tie-up due to the inability of the South African government to accept the deal in current form.
Bharti said it hoped the South African government would review its position in the future and allow both [...]
By Louise Armitstead, Chief City CorrespondentPublished: 5:04PM BST 30 Sep 2009
Man Group
Man Group, which is seen as a bellwether for hedge funds, said assets under management were up 1.2pc to $43.8bn (£27.2bn) at the end of June. Although the increase was modest and the group admitted that institutional investors are still redeeming their money, the [...]
Guy Laliberte, the founder of Cirque du Soleil, announced today he’ll be a space tourist in September.
(Getty Images)
Canadian circus tycoon Guy Laliberte turned space into his big top Wednesday, boarding a Russian rocket and lifting off on a mission that mixes a serious message on water shortages with some clowning around in the cosmos.
Laliberte, an [...]
Orbiting satellites report billions of gallons of ice in the moon’s soil.
Trace amounts of water may be widespread on the moon, but many suspect significant water deposits – a potential resource for future lunar outposts – may be hidden in permanently shadowed craters at the moon’s poles.
NASA’s Lunar CRater Observation and Sensing Satellite (LCROSS) is [...]
Children would be banned from using sunbeds in Wales under new laws to be proposed by the assembly government.
Unstaffed sunbed salons would also be banned under regulations planned by Wales’ Health Minister Edwina Hart.
It follows the case of a 10-year-old girl from Port Talbot who suffered burns after spending 16 minutes on a sunbed at [...]
Canadian cell phone giant, Rogers Wireless, has officially introduced its HSPA+ Rocket Stick modem, allowing laptop computer users with a cellular broadband subscription to make use of its new 21-Mbps mobile data network.
The HSPA+ Rocket Stick is the first product to make use of Rogers’ upgraded network, which is initially available in Toronto, Montreal, Vancouver, [...]
A tsunami caused by a powerful earthquake in the South Pacific has killed at least 14 people and injured 50 in Samoa, local media report.
Dr Lemalu Fiu of the main hospital in the capital, Apia, said the number of casualties is expected to rise as the injured arrive from coastal areas.
An 8.3-magnitude quake struck at [...]