Fed holds crisis talks as Lehman hunts for buyer
WASHINGTON/NEW YORK (Reuters) - The Federal Reserve Bank of New York held emergency talks with officials of major Wall Street firms on Friday night as concerns grew that Lehman Brothers Holdings Inc may fail to find a willing buyer to save the ailing institution.
Reports conflict on JPMorgan talks with WaMu
WASHINGTON (Reuters) - Shares of Washington Mutual Inc whipsawed on Friday amid conflicting reports that JPMorgan Chase & Co was in talks to acquire the battered savings and loan institution.
Merrill now in shorts' sights as Lehman crumbles
NEW YORK (Reuters) - The crisis of confidence in Lehman Brothers has led to fallout throughout the financial sector -- especially for larger rival Merrill Lynch & Co Inc .
Retail sales off but optimism rises
WASHINGTON (Reuters) - Sales at U.S. retail stores fell for a second straight month in August as consumers facing a tough job market cut spending, but declining gasoline prices seemed to lift their spirits in September.
Walgreen offers to buy Longs for $3 billion including debt
NEW YORK (Reuters) - Walgreen Co said on Friday that it offered to buy Longs Drug Stores Corp for $75 per share in cash, or $3 billion including debt, countering an offer from rival CVS Caremark that had been spurned by top investors.
GM to provide $10.6 billion to support Delphi
DETROIT (Reuters) - Delphi Corp said on Friday that former parent General Motors Corp had agreed to provide an additional $4.6 billion in financial support to speed the auto parts maker's emergence from bankruptcy.
Cisco to outline long-term growth strategy next week
NEW YORK (Reuters) - Top U.S. network equipment maker Cisco Systems Inc is set to outline its long-term growth strategy in an analyst meeting next Tuesday, with investors focused on when and how it will shake off the slowdown in U.S. technology spending.
Wall St. ends flat amid Lehman vigil; oil a boost
NEW YORK (Reuters) - Stocks closed little changed on Friday in day of whipsaw moves as uncertainty over the fate of troubled investment bank Lehman Brothers kept investors anxious about the health of the U.S. financial system.
AIG could hold investor call as soon as Monday: source
NEW YORK (Reuters) - Under increasing pressure from shareholders, American International Group could announce details of its turnaround plan much sooner than expected, including possible asset sales and how it will shore up capital, according to a source familiar with developments.
Name: SyroBro