Business
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Hyundai union calls for work stoppage next week
(Reuters)
Reuters - Unionized employees of Hyundai Motor Co (005380.KS) will walk off the job for four hours next week to push for a pay increase, the auto maker's union said on Saturday.
Read Hyundai union calls for work stoppage next week (Reuters) (Links)
Merrill nears deal to sell Bloomberg stake: report
(Reuters)
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.
Read Merrill nears deal to sell Bloomberg stake: report (Reuters) (Links)
BCE buyers finalize funding
(Reuters)
Reuters - The buyers of telecoms company BCE Inc are sticking to the agreed C$34.8-billion ($34.1 billion) purchase price and have finalized the funding for the deal to go ahead, the company said on Friday.
Read BCE buyers finalize funding (Reuters) (Links)
Tax credit to save UBS from hefty loss
(Reuters)
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.
Read Tax credit to save UBS from hefty loss (Reuters) (Links)
Kimmitt confident in economic fundamentals
(Reuters)
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.
Read Kimmitt confident in economic fundamentals (Reuters) (Links)
European banks need to raise up to $141 billion: Goldman
(Reuters)
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.
Read European banks need to raise up to $141 billion: Goldman (Reuters) (Links)
World stocks slip again
(Reuters)
Reuters - World stocks slipped back towards this week's five-month low on Friday as steadying oil prices failed to erase concerns about slowing economic growth and rising inflation, and as banking stocks came under renewed pressure.
Read World stocks slip again (Reuters) (Links)
AP - Origin Energy Ltd., Australia's second largest power retailer, rejected a $13 billion takeover bid Friday from British natural gas producer BG Group.
Read Australia's Origin Energy rejects BG's $13B bid (AP) (Links)
Read Economy - Thursday (Investor's Business Daily) (Links)
Energy shares, tame jobs data lift Dow
(Reuters)
Reuters - NEW YORK (Reuters) -The Dow rose on Thursday, a day after the blue-chip average entered a bear market, on relief payrolls data was not as weak as some had feared and with another record oil price boosting energy shares.
Read Energy shares, tame jobs data lift Dow (Reuters) (Links)
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