http://mobile.reuters.com Copyright 2008 Reuters en-us Fri, 04 Jul 2008 20:15:18 -0400 http://mobile.reuters.com/mobile/images/small/logo.png http://mobile.reuters.com/mobile/m/Category/CBUS?src=RSS-BUS http://mobile.reuters.com/mobile/m/FullArticle/CBUS/nbusinessNews_uUSN0434749920080704?src=RSS-BUS TORONTO (Reuters) - Announcing what it said were "essential milestones" allowing the world's largest leveraged buyout to go ahead, BCE Inc <BCE.TO><BCE.N> said on Friday that its buyers had finalized funding and were sticking to their C$34.8-billion ($34.1 billion) purchase price. Fri, 04 Jul 2008 21:00:42 +0000 2008-07-04T210042Z_01_N04347499_RTRUKOC_0_US-BCE.xml http://mobile.reuters.com/mobile/m/FullArticle/CBUS/nbusinessNews_uUSN0436959020080704?src=RSS-BUS NEW YORK (Reuters) - Merrill Lynch & Co may sell its 20 percent stake in financial news and data provider Bloomberg LP to a blind trust controlled by New York City Mayor Michael Bloomberg, The New York Post reported on Friday. Fri, 04 Jul 2008 18:26:50 +0000 2008-07-04T182650Z_01_N04369590_RTRUKOC_0_US-MERRILLLYNCH-BLOOMBERG.xml http://mobile.reuters.com/mobile/m/FullArticle/CBUS/nbusinessNews_uUSL0432645420080704?src=RSS-BUS PARIS (Reuters) - France's Banking Commission on Friday fined Societe Generale 4 million euros ($6.3 million) for serious breaches in internal controls revealed by the French bank's 4.9 billion euro rogue trading loss. Fri, 04 Jul 2008 17:33:51 +0000 2008-07-04T173351Z_01_L04326454_RTRUKOC_0_US-SOCIETEGENERALE.xml http://mobile.reuters.com/mobile/m/FullArticle/CBUS/nbusinessNews_uUSHKG35069520080704?src=RSS-BUS SAO PAULO (Reuters) - World stocks edged lower on Friday, getting no relief from a decline in crude prices as concerns of further banking write-downs weighed on financial shares. Fri, 04 Jul 2008 19:35:27 +0000 2008-07-04T193527Z_01_HKG350695_RTRUKOC_0_US-MARKETS-GLOBAL.xml http://mobile.reuters.com/mobile/m/FullArticle/CBUS/nbusinessNews_uUSL0117847520080704?src=RSS-BUS ZURICH (Reuters) - Battered Swiss bank UBS said on Friday it should be saved from another hefty loss in the second quarter by a large tax credit, giving a much-needed though short-lived boost to its share price. Fri, 04 Jul 2008 13:19:39 +0000 2008-07-04T131939Z_01_L01178475_RTRUKOC_0_US-UBS.xml http://mobile.reuters.com/mobile/m/FullArticle/CBUS/nbusinessNews_uUSL0427778820080704?src=RSS-BUS BRUSSELS (Reuters) - The European Commission opened an in-depth investigation on Friday into BHP Billiton's <BHP.AX><BLT.L> $170 billion unsolicited bid for rival miner Rio Tinto <RIO.L>, with prices of iron ore already soaring. Fri, 04 Jul 2008 16:56:11 +0000 2008-07-04T165611Z_01_L04277788_RTRUKOC_0_US-RIO-BHP-EU.xml http://mobile.reuters.com/mobile/m/FullArticle/CBUS/nbusinessNews_uUSBNG18856620080704?src=RSS-BUS (Reuters) - Goldman Sachs said the European banks sector needs to raise about 60 billion to 90 billion euros ($94 to $141 billion), or withhold one year of dividends, to reach an aggregate Tier I ratio of 9 percent -- a level achieved by European banks that have recapitalized recently. Fri, 04 Jul 2008 12:32:45 +0000 2008-07-04T123245Z_01_BNG188566_RTRUKOC_0_US-EUROPEANBANKS-RESEARCH-GOLDMAN.xml http://mobile.reuters.com/mobile/m/FullArticle/CBUS/nbusinessNews_uUSL0419776020080704?src=RSS-BUS BERLIN (Reuters) - Deputy U.S. Treasury Secretary Robert Kimmitt said on Friday he was confident about the United States' economic fundamentals in the long term despite a current rough patch and was quite optimistic about the future. Fri, 04 Jul 2008 13:18:14 +0000 2008-07-04T131814Z_01_L04197760_RTRUKOC_0_US-USA-ECONOMY-KIMMITT.xml http://mobile.reuters.com/mobile/m/FullArticle/CBUS/nbusinessNews_uUSL0417415120080704?src=RSS-BUS BRUSSELS (Reuters) - The dollar's fall is a source of global concern and the European Union wants a better balance between the U.S. unit and other major currencies, European Commission President Jose Manuel Barroso said on Friday. Fri, 04 Jul 2008 11:42:18 +0000 2008-07-04T114218Z_01_L04174151_RTRUKOC_0_US-G8-EU-BARROSO.xml http://mobile.reuters.com/mobile/m/FullArticle/CBUS/nbusinessNews_uUST14048520080704?src=RSS-BUS LONDON (Reuters) - Oil dropped below $144 a barrel on Friday, but was still within sight of record highs reached in the previous session when traders bought into the market ahead of a holiday weekend in the United States. Fri, 04 Jul 2008 17:17:28 +0000 2008-07-04T171728Z_01_T140485_RTRUKOC_0_US-MARKETS-OIL.xml http://mobile.reuters.com/mobile/m/FullArticle/CBUS/nbusinessNews_uUSN0435012620080704?src=RSS-BUS TORONTO (Reuters) - The 13 percent leap in the share price of BCE Inc <BCE.TO><BCE.N> on Friday is just the latest swing in the see-saw course the stock has taken over the past 12 months. Fri, 04 Jul 2008 17:04:14 +0000 2008-07-04T170417Z_01_N04347499_RTRUKOC_0_US-BCE.xml-sidebar-1 http://mobile.reuters.com/mobile/m/FullArticle/CBUS/nbusinessNews_uUSN0437342220080704?src=RSS-BUS TORONTO (Reuters) - The buyers of Canadian telecom giant BCE Inc <BCE.TO><BCE.N> will not reprice the company's C$34.8 billion ($34.1 billion) buyout and have finalized the funding necessary to complete the purchase, the company said on Friday. Fri, 04 Jul 2008 16:16:59 +0000 2008-07-04T161703Z_01_N04347499_RTRUKOC_0_US-BCE.xml-sidebar-2 http://mobile.reuters.com/mobile/m/FullArticle/CBUS/nbusinessNews_uUSN0434639020080704?src=RSS-BUS TORONTO (Reuters) - Only three years after joining BCE Inc <BCE.TO> <BCE.N> as the president of its core Bell Canada phone company unit, George Cope will take the helm of the company on July 11, ahead of the closing of its C$34.8 billion ($34.1 billion) buyout by private-equity investors. Fri, 04 Jul 2008 15:40:14 +0000 2008-07-04T154017Z_01_N04347499_RTRUKOC_0_US-BCE.xml-sidebar-1 http://mobile.reuters.com/mobile/m/FullArticle/CBUS/nbusinessNews_uUSSP960320080704?src=RSS-BUS SYDNEY/HONG KONG (Reuters) - BHP Billiton Ltd/Plc <BHP.AX><BLT.L> has matched takeover target Rio Tinto Ltd/Plc <RIO.AX><RIO.L> with a near doubling in contract iron ore prices, ending months of talks and speculation it may get more. Fri, 04 Jul 2008 12:53:34 +0000 2008-07-04T125334Z_01_SP9603_RTRUKOC_0_US-BHP-IRONORE.xml http://mobile.reuters.com/mobile/m/FullArticle/CBUS/nbusinessNews_uUSL0322022020080704?src=RSS-BUS (Reuters) - U.S. crude oil on Thursday hit an all-time high near $146 a barrel. Prices have rallied from a dip below $50 at the start of 2007 and this year have risen by around 50 percent from $95.98 a barrel at the end of last year. Fri, 04 Jul 2008 11:03:01 +0000 2008-07-04T110306Z_01_T140485_RTRUKOC_0_US-MARKETS-OIL.xml-sidebar-2 http://mobile.reuters.com/mobile/m/FullArticle/CBUS/nbusinessNews_uUSL0411019120080704?src=RSS-BUS LONDON (Reuters) - Poverty-ridden countries reaping the benefits of soaring oil and commodity prices should be investing their wealth at home, not putting it in sovereign funds, a senior United Nations official says. Fri, 04 Jul 2008 11:03:01 +0000 2008-07-04T110306Z_01_T140485_RTRUKOC_0_US-MARKETS-OIL.xml-sidebar-4 http://mobile.reuters.com/mobile/m/FullArticle/CBUS/nbusinessNews_uUSTP36071120080704?src=RSS-BUS TAIPEI (Reuters) - The embattled chairman of a major Taiwan securities firm was found dead in waters close to the island on Friday morning, the firm said, startling the financial community and sending the company's shares tumbling. Fri, 04 Jul 2008 10:57:55 +0000 2008-07-04T105755Z_01_TP360711_RTRUKOC_0_US-POLARIS.xml http://mobile.reuters.com/mobile/m/FullArticle/CBUS/nbusinessNews_uUSL045252320080704?src=RSS-BUS VIENNA (Reuters) - A Vienna court sentenced nine people to prison on Friday for their roles in causing losses at Austrian bank BAWAG P.S.K. of as much as 1.7 billion euros ($2.7 billion) through risky investments. Fri, 04 Jul 2008 10:23:59 +0000 2008-07-04T102359Z_01_L0452523_RTRUKOC_0_US-BAWAG-TRIAL-RULING.xml http://mobile.reuters.com/mobile/m/FullArticle/CBUS/nbusinessNews_uUSWEA105520080704?src=RSS-BUS FRANKFURT (Reuters) - Shares in German chipmaker Infineon <IFXGn.DE> rose more than 5 percent on Friday, with traders citing unspecified takeover rumors. Fri, 04 Jul 2008 10:11:33 +0000 2008-07-04T101133Z_01_WEA1055_RTRUKOC_0_US-INFINEON-SHARES.xml http://mobile.reuters.com/mobile/m/FullArticle/CBUS/nbusinessNews_uUSL0447001420080704?src=RSS-BUS VIENNA (Reuters) - A Vienna court on Friday sentenced nine men to prison sentences for their roles in causing losses at Austrian bank BAWAG P.S.K. of as much as 1.7 billion euros ($2.7 billion) through risky investments. Fri, 04 Jul 2008 10:03:12 +0000 2008-07-04T100329Z_01_L0452523_RTRUKOC_0_US-BAWAG-TRIAL-RULING.xml-sidebar-1