Financial News

Jan 14 (Reuters) - Medicines Co: SAYS TARGANTA THERAPEUTICS TO PAY $5.485 MILLION IN TERMINATION FEE if merger pact between them is terminated - SEC filing ((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780)) (For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters ...

Stocks on the move Real-time Equity news U.S. stock market report 1431 ET 14Jan2009 Investors grab calls in Citigroup, betting on price recovery ------------------------------------------------------------------------------ Citigroup Inc shares tumbled 21.53 percent to $4.63 this afternoon pressured by worries on whether the bank can be profitable and function effectively as it unravels its bu ...

Stocks on the move Real-time Equity news U.S. stock market report 1452 ET 14Jan2009-Markets down on banks and retail results ------------------------------------------------------------------------------ Major U.S. markets tumbled on Wednesday, as investors feared the prospect of more credit losses in the banking sector and dealt with the release of grim retail data, which fell more than expec ...

By Jonathan Stempel NEW YORK (Reuters) - Citigroup Inc faced growing uncertainty on Wednesday about whether it could ever function well, leading investors to drive its shares down below $5.00, to their lowest level since the bank won a government rescue in November. More bad news is expected on Friday, when the bank plans to report quarterly results, six days ahead of schedule. A fif ...

STOCKS NEWS Reuters Results diary Stocks on the move Real-time Equity News 16:57GMT 14Jan2009-UK Small Caps close 1.2 percent weaker --------------------------------------------------------- The FTSE Small Cap index closes 1.2 percent weaker, better than both blue chips and midcaps, which end down almost 5 percent, and 2.8 percent, respectively. Works ...

LONDON, Jan 14 (Reuters) - The UK's Financial Services Authority on Wednesday said the government had proposed giving it the power to grant immunity in criminal investigations, seen as a key tool in successfully prosecuting financial crimes. The proposal is set out in the Coroners and Justice Bill, published on Wednesday, and will make it easier for the FSA to crack down on crimes such as  ...

Jan 14 (Reuters) - Nortel Networks Corp filed for bankruptcy protection on Wednesday. Telecom gear makers are struggling amid falling prices and in 2009 are set to see falling demand as operators plan to cut investments. Following is third quarter 2008 revenue in millions of euros from the world's three biggest mobile telecom equipment vendors: Q3 '08 Q2 '08 Q3 '07  ...

Jan 14 (Reuters) - Nortel Networks Corp filed for bankruptcy protection on Wednesday. Telecom gear makers are struggling amid falling prices and in 2009 are set to see falling demand as operators plan to cut investments. Following is third quarter 2008 revenue in millions of euros from the world's three biggest mobile telecom equipment vendors: Q3 '08 Q2 '08 Q3 '07  ...

STOCKHOLM, Jan 14 (Reuters) - Scandinavian airline SAS said on Wednesday it had struck a deal with labour unions which would yield annual savings of about 1.5 billion crowns ($182 million) and help it toward restoring profitability. The loss-making airline, half owned by Sweden, Norway and Denmark, said the new collective agreements for its employees included pay cuts for pilots and top m ...

LONDON, Jan 14 (Reuters) - More than half private equity investment returns from company exits over 2005 to 2007 were generated by the use of debt in the acquisition, according to a British study published on Wednesday. In data which underscores the degree to which firms relied on leverage to boost profits for investors, the British Private Equity and Venture Capital Association (BVCA) sai ...