| Financial News: Lehman restructures European equities desk Lehman Brothers has appointed new co-heads of equities sales and execution for Europe and the Middle East as part of a senior reshuffle in the division that doubled trading in the fourth quarter last year to $1.9 billion. Mark Rutherford is leaving the bank's equities division where he was head of sales and execution services. He will join Lehman's senior relationship management team where he will work with both existing and new clients, including sovereign wealth funds. Lehman has now split Rutherford's role. feeds.marketwatch.com |
Mass Attorney General Stops Fremont Foreclosures NEW YORK (Reuters) - Fremont General, formerly one of thebiggest U.S. subprime lenders, cannot initiate or advanceforeclosures that are deemed "presumptuously unfair" inMassachusetts, the state attorney general said on Tuesday,citing a court order. feeds.reuters.com |
AnnTaylor Swings to Loss AnnTaylor Stores swung to a fiscal fourth-quarter loss on charges for its planned restructuring effort, and the company projected upcoming earnings below analysts' expectations. online.wsj.com |
Vietnamese Shoemakers Walk Out On Nike More than 20,000 Vietnamese workers have walked off the job at a Taiwanese-owned plant that makes shoes for Nike Inc., demanding higher pay to keep pace with skyrocketing prices, officials said. feeds.cbsnews.com |
S Korea, U.S. reach agreement on beef import South Korea and the United States reached an agreement on beef imports from the U.S. after holding tough negotiations, said the South Korean government on Friday. "The two sides agreed on the sanitary and phytosanitary (SPS) rules f ... english.people.com.cn |