NEW YORK (Reuters) - JPMorgan Chase & Co said on Saturday it completed its $1.4 billion Bear Stearns Cos takeover, capping the demise of a Wall Street firm that survived the Depression and numerous slumps in its 85 years but could not navigate the mortgage crisis.
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CHICAGO (Reuters) - UAL Corp’s United Airlines and US Airways Group said on Friday they would not merge, a decision that experts said effectively kills the chances of further U.S. airline consolidation this year.
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The head of the Catholic Church in Myanmar says aid is getting through to survivors of Cyclone Nargis. The Caritas international aid network has appealed for $8.2 million for the first three months of the emergency response.
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DETROIT (Reuters) - Ford Motor Co is preparing to fire U.S. salaried employees over the next two months due to the sudden downturn in auto sales, a drastic step it has so far avoided during its 2-1/2-year restructuring.
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“I lost my arms and legs because of cluster bombs but this visionary treaty will make a real difference to people like me. Dublin’s legacy will save lives. I am proud that countries have prioritised people over weapons.” — Cluster Munition Survivor
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SAN FRANCISCO (Reuters) - Dell Inc posted a higher-than-expected quarterly profit on Thursday, driven by strong demand from consumers and foreign markets and lower operating costs, and its shares jumped 8 percent.
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Iraq’s international partners remain committed to sustaining their economic assistance. About $2.5 billion in new soft loans from Japan and the World Bank have been approved for much needed infrastructure, energy, and essential services.
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CARLSBAD, California (Reuters) - Yahoo Inc Chief Executive Jerry Yang said on Wednesday a potential deal with Microsoft has tremendous power, but the software giant appears no longer interested in a full merger.
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Britain’s Foreign & Commonwealth Office today changed its Travel Advice for Guinea. Due to reports of serious disturbances, heightened tension and instability in the capital Conakry they advise against all but essential travel to Guinea.
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“The Iraqis don’t need large sums of money. They do need large infusions of technical assistance, project support, helping to build adequate police forces, adequate justice system, helping to build the capacity to execute their large budgets.” - Sec. Rice.
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