Business, financial, personal finance news

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Old coins turned into Gold Posted By : Ozfree Auction

Collecting coins is both educational and informative. Anyone can start a coin collection because it's easy and fun . You can begin simply, with just the coins in your pocket and from there, your hobby will grow into a lifelong interest with a little diligence, perseverance, discipline and patience.



Pros and cons of indirect investing Posted By : William King

Many investors now opt for indirect investing. We will discuss indirect investments pros and cons in this article to help you decide between direct and indirect investing.


Lehman in sale talks as survival questioned: sources

NEW YORK (Reuters) - Lehman Brothers Holdings Inc was forced into talks about a possible sale after the Wall Street investment bank's shares plunged more than 40 percent on Thursday, raising questions about its survival.


WaMu cut to "junk," sees $4.5 billion loss reserve

NEW YORK (Reuters) - Washington Mutual Inc was downgraded to below investment-grade status by Moody's Investors Service, after the largest U.S. savings and loan projected a $4.5 billion third-quarter increase in reserves for bad loans but said it has more than enough capital.


Lehman buyout talk, oil, GM lift Wall Street

NEW YORK (Reuters) - Stocks rose on Thursday as a report that major investment bank Lehman Brothers is shopping itself to possible suitors, including Bank of America, drove a last-minute rebound in financial shares.


AIG woes knock its market value below peers

NEW YORK (Reuters) - Fears that American International Group Inc's large mortgage exposure could trigger another round of losses has rankled investors so much that the insurer has lost its iron grip as the world's industry leader by market value.


Merrill Lynch shares catch Lehman bug

NEW YORK (Reuters) - Merrill Lynch & Co Inc's shares fell nearly 17 percent on Thursday as worries over Lehman Brothers Holdings Inc's future raised questions on which investment bank may be next to face questions about its survival.


GM, Ford shares jump on prospects of loans, oil

DETROIT (Reuters) - Shares of General Motors Corp and Ford Motor Co jumped on Thursday as oil prices dropped to near $100 per barrel and analysts bet a potential $25 billion in federal loans would help the struggling U.S. automakers survive a deep industry downturn.


SEC opens probe into UAL share price drop: report

WASHINGTON (Reuters) - Securities regulators have opened a preliminary investigation into UAL Corp's stock drop after an outdated story about its bankruptcy was treated as current, breaking news, people familiar with the matter told the Wall Street Journal.


Planning a bailout? Italy shows the way

MILAN (Reuters) - Italy may have earned a bad name for changing the rules to rescue its corporations, but in these straitened times Prime Minister Silvio Berlusconi's bespoke bailout of airline Alitalia puts him in illustrious company.


MGA unwilling to share Bratz revenue with Mattel

LOS ANGELES (Reuters) - MGA Entertainment Inc will not share future revenue from its Bratz doll franchise with Mattel Inc to settle a copyright infringement lawsuit, MGA Chief Executive Isaac Larian told Reuters on Thursday.


Pentagon down plays tanker termination fees

WASHINGTON (Reuters) - The U.S. Defense Department said on Thursday it expected the cost to taxpayers of postponing its troubled $35 billion aerial tanker program to be minimal.