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The FTSE 100 fell into the red on Wednesday morning, hitting a fresh six-week low as investors nervously awaited the minutes of the latest Federal Reserve meeting. The index dropped 0.5% to around the 6,420 mark early on. The last time the London benchmark closed lower was on July 5th when it finis
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HONG KONG, Aug 21 (Reuters) - New China Trust, which was leading a consortium of Chinese investors in a $4.2 billion bid for American International Group Inc's (AIG) aircraft-leasing unit, pulled out of the deal in May, Bloomberg reported on Wednesday. The report, citing people with knowled
Read moreNEW YORK, Aug 20 (Reuters) - Eastman Kodak Co, once a mighty photography pioneer, earned court approval on Tuesday for a plan to exit bankruptcy as a much smaller digital-imaging company. The green light from U.S. Bankruptcy Judge Allan Gropper in New York puts Kodak on track to exit bankru
Read moreBy John Wasik CHICAGO, Aug 20 (Reuters) - Frustrated yield seekers have been drawn to preferred stocks because they offer a several-point yield advantage over most U.S. investment grade bonds, including Treasuries, corporates and municipal bonds. But these quasi-stock, quasi-bond inve
Read more* Investors in $2.5 billion offering may pursue claims * Barclays was accused of hiding credit market risks By Jonathan Stempel NEW YORK, Aug 19 (Reuters) - A U.S. appeals court on Monday said investors may revive a lawsuit accusing Britain's Barclays Plc of misleading them in a
Read moreAug 19 (Reuters) - Barclays Plc may face a revived U.S. lawsuit over its disclosures connected with a 2008 stock offering, after a federal appeals court said a lower court judge erred in refusing to let the case proceed. The 2nd U.S. Circuit Court of Appeals in New York said investors in a
Read moreTesco is set to introduce its own tablet computer which is expected to be ready for Christmas loaded with books, films and music, The Times reported. Egypt's turmoil threatens to create a potential oil spike that could damage any nascent economic recovery, according to The Telegraph. JPMorgan Chas
Read moreAug 18 (Reuters) - The United Nations is turning to social media to raise money and awareness of humanitarian crises that have fallen off the global agenda, said U.N. Undersecretary-General Valerie Amos. The United Nations will unveil the social media campaign on Monday during World Humanit
Read more* Dwarfs half-million bequest from nurse Joan Edwards * Britain must be able to pay off entire national debt * Trustees trying to use at least part of fund LONDON, Aug 17 (Reuters) - An anonymous half-million pound bequest to Britain has mushroomed to 350 million pounds ($546 mi
Read moreThe FTSE 100 opened broadly flat on Friday morning with markets rangebound as sentiment still remained fragile following the steep sell-off the day before. The London benchmark lost 1.6% on Thursday after better-than-expected jobless claims data in the States ignited concerns that the Federal Reser
Read moreBy Greg Roumeliotis and Soyoung Kim NEW YORK, Aug 15 (Reuters) - Leonard Green & Partners LP is exploring a sale of Brickman Group Holdings Inc that could value the largest commercial landscaping company in the United States at up to $1.5 billion, three people familiar with the matter said
Read moreBy Soyoung Kim and Greg Roumeliotis NEW YORK, Aug 15 (Reuters) - Private equity firm Kelso & Co is in advanced talks to sell Custom Building Products Inc to peer Quikrete Companies Inc, in a deal that could value the company at between $700 million and $800 million, three people familiar wi
Read moreA return to growth in the Eurozone wasn't enough to buoy markets today with the FTSE 100 finishing down 24.51 points at 6,587.43 after a choppy session. Eurozone gross domestic product (GDP) figures showed that the single-currency region exited a recession in the second quarter by expanding 0.3%, a
Read moreRoyal Bank of Scotland Group topped the risers on the FTSE 100 on Wednesday after ratings agency Fitch said that a break-up of the state-backed UK lender into a 'good' and 'bad' bank is increasing unlikely as the costs would outweigh the benefits. Part-nationalised counterpart Lloyds was also making
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