TOP 100 FINANCIAL SITES
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| French Court Places Trader in Detention PARIS (AP) -- A Paris court sent French trader Jerome Kerviel behind bars Friday, while the investigation into billions of euros (dollars) of losses he allegedly caused for bank Societe Generale took a new twist with a second employee taken into custody.... hosted.ap.org |
Chrysler Loss Pegged at $2.7B DETROIT (AP) -- Chrysler LLC lost about $2.7 billion in the two months after Daimler AG sold controlling interest in the U.S. automaker to a New York private equity firm, Daimler said in its annual report Wednesday.... hosted.ap.org |
High Wheat Prices Raise Grocery Costs LUBBOCK, Texas (AP) -- If you think the cost of gassing up your car is outrageous, wait until you need to restock your pantry.... hosted.ap.org |
Merrill CEO says no plans to raise capital: Nikkei NEW YORK (Reuters) - Merrill Lynch & Co Inc Chief Executive John Thain has no plans for a sale of the company, a merger with a bank or to raise fresh capital, he told Japan's Nikkei newspaper. feeds.reuters.com |
New Threat: Loan Losses Until now, losses at many banks have come from multibillion dollar write-downs on toxic debt. But analysts believe the costs of building bad-loan reserves could cause just as much pain -- and for a lot more banks. online.wsj.com |