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Olan adds to list of retail failures
Olan Mills, the studio photography business, has collapsed, joining the growing list of retailers to fall victim to the consumer downturn
Financial Times  –  Dec 30, 2008 09:33 AM [GMT]  –  comment?
Hong Kong's PCCW increases buyout bid
PCCW, the Hong Kong telecoms operator headed by Richard Li, raised its offer to take the company private amid fears that minority shareholders would reject the deal
Financial Times  –  Dec 30, 2008 07:13 AM [GMT]  –  comment?
NY Times plans fundraising
The New York Times moved to ease cash pressure with a registration to potentially offer a mix of non-voting stock, preferred stock and debt at a later date
Financial Times  –  Dec 30, 2008 02:00 AM [GMT]  –  comment?
Dow Chemical fights for deal
The Kuwaiti government's shock decision to pull out of a $17.4bn joint venture has left the US chemical manufacturer scrambling to raise capital for its acquisition of Rohm & Haas
Financial Times  –  Dec 30, 2008 01:35 AM [GMT]  –  comment?
BlackRock in voting rights shake-up
BlackRock is altering the distribution of voting rights among its largest shareholders in a complicated arrangement that involves exchanges of common and preferred shares
Financial Times  –  Dec 30, 2008 01:08 AM [GMT]  –  comment?
Photo from CNNMoney.com AIG bailout: $127.7B and counting
To help troubled insurer American International Group stabilize its finances, the Federal Reserve and Treasury have offered AIG a sizeable lifeline to be paid back over the next five years - and to date, the company has borrowed almost all of it.
CNNMoney.com  –  Dec 30, 2008 12:22 AM [GMT]  –  comment?
Dow Chemical struggles to keep Rohm takeover alive
The Kuwaiti government's shock decision to pull out of a $17.4bn joint venture has left the chemical manufacturer scrambling to raise capital for its acquisition of Rohm
Financial Times  –  Dec 29, 2008 11:33 PM [GMT]  –  comment?
Pension threat to HBOS deal
Trustees of the HBOS pension scheme are considering asking a judge to set aside the bank's proposed acquisition by Lloyds TSB until 'appropriate arrangements' are made to guarantee that the merged banking group will stand behind the fund, which has an estimated shortfall of £3bn- ... more »
Financial Times  –  Dec 29, 2008 11:33 PM [GMT]  –  comment?
Strong yen to bring price rises
Electronic equipment is expected to increase after the post Christmas sales as Japanese companies are struggling to make a profit from European import market
Financial Times  –  Dec 29, 2008 11:33 PM [GMT]  –  comment?
Buffett and China banks top cash-rich groups list
Listed companies are sitting tight on their cash during the economic downturn, leaving them in a strong position to survive the crisis and with the option of acquiring some bargains
Financial Times  –  Dec 29, 2008 11:33 PM [GMT]  –  comment?