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RSSBain Capital LLC offer $3.48 billion for S. Africa’s largest fashion retailer, Edgars Consolidated Stores (Edcon), which is the country’s biggest private equity deal yet. Shares in Edcon surged as much as 12.8 percent after the group unveiled the...
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AP, Washington
Nevada regulators have shut down Silver State Bank. It was the 11th failure this year of a federally insured bank.
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AP, Washington
The government is expected to take over Fannie Mae and Freddie Mac as soon as this weekend in a monumental move designed to protect the mortgage market from the failure...
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AP, Washington
Fannie Mae and Freddie Mac are expected to be taken over by the government as soon as this weekend in a bold move designed to protect the mortgage market from the risk...
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AP, Seattle
Despite a 48-hour contract extension, negotiations between Boeing Co. and Machinists union officials have failed and the union says a strike is set to begin at 12:01...
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AP, New York
Soybean prices tumbled Friday after the dollar continued its rally against the euro, giving investors more reasons to sell commodities that were bought as a hedge...
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AP, Washington
The government may soon step in to provide a financial boost to mortgage finance companies Fannie Mae and Freddie Mac, the Wall Street Journal reported late Friday.
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AP, New York
Treasury prices fell Friday as investors cashed in profits from the strong gains the bonds made earlier in the week.
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AP, New Haven
Federal prosecutors in Connecticut say a scheme to manipulate the financial statements of the world’s largest insurance company, American International Group...
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AP,
THE LATEST: The nation’s unemployment rate zoomed to a five-year high of 6.1 percent August and employers slashed jobs for the eighth month in a row.
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AP, New York
Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:
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AP, Fairfield
General Electric Co. says the Securities and Exchange Commission staff has notified the company it may recommend fines and other action for possible violations of...
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AP, Fairfield
General Electric Co. says it has been informed that the Securities and Exchange Commission may recommend fines and other action for possible violations of securities...
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AP, New York
The New York Times plans to reduce the number of standalone sections of the New York metropolitan editions of the newspaper, a move designed to save money by cutting...
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AP, Omaha
Database provider InfoGroup Inc. says it no longer faces the threat of being delisted, but the Nasdaq plans to reprimand the firm publicly.
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Small businesses are generally localized and they need to start small. So initial advertisements are usually placed in local newspapers. These first steps to reach...
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AP, New York
Stocks have ended an erratic session mostly higher, recovering from steep losses that followed a worrisome reading on the nation’s job market. After an early...
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AP, New York
Stocks turned higher Friday, reversing steep losses that followed a worrisome reading on the nation’s job market as investors sought bargains in sectors like...
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AP,
WHAT THE COMPANIES SAY: Altria Group, which owns Marlboro-maker Philip Morris USA, called a New York Times report that it would buy rival UST Inc. for more than $10...
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AP, Washington
Bank of America Corp. said Friday it is ready to settle federal and state investigations into sales of risky auction-rate securities, joining eight other big investment...
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It is difficult to work out business strategies during hard economic times. The very survival of business may seem to be at stake. But then these are the true testing...
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In the era of up-to-the-minute fashion, trends no longer take a season to change. Every month we see a new trend emerging.
To cope up with the fast changing trends,...
made popular Aug 31 2006
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Bain Capital Business Edgars Consolidated Stores Lifestyle S. Africa Selwyn MacFarlane Steve Zide 