Banking stocks fell on Monday after a Reuters report suggested that Deutsche Bank will take a 1.7 billion euro hit due to the deteriorating credit environment. CNBC's Guy Johnson talks to Ralph Silva, senior research analyst at TowerGroup, about the German banking giant.
Wall Street had its biggest gains in two weeks, giving the second quarter an overly bullish start, as investors sense a turning point in the credit crunch. The Dow surged 391 points, a gain of 3.2...
Deutsche Post agrees to sell an initial 29.75 percent stake in its Postbank to Deutsche Bank for 2.79 billion euros in cash in a deal worth up to $13 billion. Staying below a 30 percent stake means...
Sep 12 - Deutsche Post agrees to sell an initial 29.75 percent stake in its Postbank to Deutsche Bank for 2.79 billion euros in cash in a deal worth up to $13 billion.
The U.S. Senate is set to vote Wednesday night on a $700-billion US financial bailout plan that was narrowly defeated Monday in the House of Representatives. Following a day of closed-door...
General Motors and Cerberus Capital Management, which owns Chrysler, have asked the U.S. government for around $10 billion US in an unprecedented rescue package to support a merger between the two...
A Supreme Court of Canada ruling Friday will allow the $52-billion buyout of BCE Inc. by a group of investors headed by the Ontario Teachers' Pension Plan to go ahead. - By 6 p.m. ET on...
European shares jumped in early trade on Friday (October 17), tracking gains in the United States and Asia, as investors picked up battered banks and energy shares were lifted by a rise in crude....
ewspaper publisher and broadcaster Canwest announced Wednesday it was cutting five per cent of its workforce across the country, or about 560 jobs, as part of its streamlining of operations in the...
European shares fell by midday on Tuesday (September 23) as scepticism persisted about Washington's bailout plan ahead of Congressional testimony by Treasury Secretary Henry Paulson and Fed...
The U.S. economy moved tepidly along in the second quarter as economic stimulus checks boosted consumer spending. Gross domestic product, or GDP - rose 1.9 percent in the April to June period. The...
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