Business with Reuters - International Herald Tribune
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U.S. stocks drop despite Fed interest rate cut 
Stocks opened quietly on Wall Street Wednesday morning, a day after all of the major exchanges jumped 10 percent or more.Business with Reuters - International Herald Tribune, 2008-10-29 22:07:30

Stocks opened quietly on Wall Street Wednesday morning, a day after all of the major exchanges jumped 10 percent or more.Business with Reuters - International Herald Tribune, 2008-10-29 22:07:30
U.S. Fed cuts key rate by a half-point 
The move brings the Fed's benchmark interest rate to 1 percent, leaving policy makers with less room to maneuver if the economy deteriorates further.Business with Reuters - International Herald Tribune, 2008-10-29 22:07:30

The move brings the Fed's benchmark interest rate to 1 percent, leaving policy makers with less room to maneuver if the economy deteriorates further.Business with Reuters - International Herald Tribune, 2008-10-29 22:07:30
Bank of China's profit rises 12% in third quarter 
BOC's earnings rose because of higher fee income, but the bank had sluggish profit growth as margins fell and the economy began to cool.Business with Reuters - International Herald Tribune, 2008-10-29 21:07:35

BOC's earnings rose because of higher fee income, but the bank had sluggish profit growth as margins fell and the economy began to cool.Business with Reuters - International Herald Tribune, 2008-10-29 21:07:35
Sumitomo Mitsui Financial Group cuts its full-year earning target by 63 percent 
The bank, which earlier this year bought a 2 percent stake in Barclays, said it would take a similar stake in the South Korean company KB Financial, in a deal estimated at ¥20 billion, or $207 million.Business with Reuters - International Herald Tribune, 2008-10-29 21:07:35

The bank, which earlier this year bought a 2 percent stake in Barclays, said it would take a similar stake in the South Korean company KB Financial, in a deal estimated at ¥20 billion, or $207 million.Business with Reuters - International Herald Tribune, 2008-10-29 21:07:35
European airlines take another step down the consolidation path 
Lufthansa moved closer to becoming the majority shareholder in the British carrier bmi and gained ground in the bidding for Austrian Airlines as the Danish low-cost carrier Sterling Airlines said it was filing for bankruptcy.Business with Reuters - International Herald Tribune, 2008-10-29 21:07:35

Lufthansa moved closer to becoming the majority shareholder in the British carrier bmi and gained ground in the bidding for Austrian Airlines as the Danish low-cost carrier Sterling Airlines said it was filing for bankruptcy.Business with Reuters - International Herald Tribune, 2008-10-29 21:07:35
Toshiba reports loss from glut in chip market 
Toshiba, the largest Japanese chip maker, reported a quarterly loss Wednesday.Business with Reuters - International Herald Tribune, 2008-10-29 21:07:35

Toshiba, the largest Japanese chip maker, reported a quarterly loss Wednesday.Business with Reuters - International Herald Tribune, 2008-10-29 21:07:35
Higher interest rates feared from bank mergers 
The flurry of bank mergers in the United States will make it easier for the new banking behemoths to charge consumers higher interest rates on mortgages and credit cards, and antitrust enforcers won't be able to stop them, some observers say.Business with Reuters - International Herald Tribune, 2008-10-29 21:07:35

The flurry of bank mergers in the United States will make it easier for the new banking behemoths to charge consumers higher interest rates on mortgages and credit cards, and antitrust enforcers won't be able to stop them, some observers say.Business with Reuters - International Herald Tribune, 2008-10-29 21:07:35
Hypo Real Estate seeks to tap German rescue fund 
The troubled property lender Hypo Real Estate on Wednesday became the first German commercial bank to seek help from the government's bank rescue fund, asking for short-term financing and then possibly money for a recapitalization.Business with Reuters - International Herald Tribune, 2008-10-29 21:07:35

The troubled property lender Hypo Real Estate on Wednesday became the first German commercial bank to seek help from the government's bank rescue fund, asking for short-term financing and then possibly money for a recapitalization.Business with Reuters - International Herald Tribune, 2008-10-29 21:07:35
Wealthy Americans cheat most on taxes, study finds 
Unpublished data from the Internal Revenue Service shows those earning between $500,000 and $1 million are most likely to underreport their incomes.Business with Reuters - International Herald Tribune, 2008-10-29 20:07:38

Unpublished data from the Internal Revenue Service shows those earning between $500,000 and $1 million are most likely to underreport their incomes.Business with Reuters - International Herald Tribune, 2008-10-29 20:07:38
Is it buying time for stocks? 
Some famous investors are buying stocks, but the bears still have many good arguments.Business with Reuters - International Herald Tribune, 2008-10-29 20:07:38

Some famous investors are buying stocks, but the bears still have many good arguments.Business with Reuters - International Herald Tribune, 2008-10-29 20:07:38




