Waste Management hikes bid for Republic
August 11, 2008 08:25 AM ET
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PHILADELPHIA (Reuters) - Waste Management Inc, the largest U.S.
trash hauler, raised its unsolicited takeover bid for rival
Republic Services Inc by about 9 percent to $6.7 billion on
Monday to try to thwart Republic's agreement to acquire Allied
Waste Industries Inc.
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Fannie's capital to remain under pressure: analyst
August 11, 2008 05:31 AM ET
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(Reuters) - Fannie Mae's credit losses will exceed the company's
expectations, continuing to put pressure on its capital levels
and earnings, an analyst at Friedman Billings Ramsey said.
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Credit unions hit by mortgage-market problems: report
August 11, 2008 05:05 AM ET
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(Reuters) - Five of North America's largest credit unions are
reporting big paper losses on mortgage-related securities, a
sign that housing-market distress is spreading even to the most
risk-averse financial sectors, the Wall Street Journal (WSJ)
said on Monday.
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Futures flat as oil up on geopolitical worry
August 11, 2008 08:01 AM ET
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NEW YORK (Reuters) - Stock index futures were little changed
on Monday as geopolitical concerns fueled caution and oil prices
edged higher.
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UPS looks to China for M&A, downplays TNT talk
August 11, 2008 06:48 AM ET
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BEIJING (Reuters) - Top global logistics firm United Parcel Service
hopes to buy a firm in China and boost staff there in coming
years, and said on Monday that paying billions for rival TNT
would devalue its own shares.
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RIM hits 10 percent U.S. market share record
August 11, 2008 06:51 AM ET
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NEW YORK (Reuters) - For the first time Research In Motion Ltd's
BlackBerry cornered 10 percent of U.S. cell phone sales in the
second quarter in a market that grew more than 5 percent despite
economic concerns, Strategy Analytics said on Monday.
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Apple chief says iPhone software sales take off: report
August 11, 2008 02:10 AM ET
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(Reuters) - In the month since Apple Inc opened the App Store,
an online software clearinghouse, users have downloaded more
than 60 million programs for the iPhone, Chief Executive Steve
Jobs told The Wall Street Journal in an interview.
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Oil up as Georgia conflict disrupts shipments
August 11, 2008 07:37 AM ET
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LONDON (Reuters) - Oil edged above $116 on Monday, after fighting
between Russia and Georgia disrupted exports from the Caspian
region, helping to stem a steep selloff on the crude market.
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GATX bids over $3 billion for GE railcar unit: source
August 10, 2008 07:57 PM ET
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NEW YORK (Reuters) - GATX Corp is offering more than $3 billion
for General Electric Co's rail car leasing business, a source
familiar with the discussions said.
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Paulson says won't stay at Treasury past January
August 11, 2008 01:35 AM ET
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WASHINGTON (Reuters) - U.S. Treasury Secretary Henry Paulson
said in an interview aired on Sunday he had no interest in staying
in his post beyond January when a new administration takes office.
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