TOP 100 FINANCIAL SITES
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| UPDATE 1-Marsh & McLennan to pay ex-CEO $7.15 mln severance NEW YORK, Feb 22 (Reuters) - Marsh & McLennan Cos Inc will pay Michael Cherkasky, the executive they broughtin to broker a costly legal settlement in 2005, $7.15 millionas part of a severance package reached after he was forced outearlier this year. feeds.reuters.com |
Carlyle Tries to Hold Off Lenders LONDON (AP) -- Carlyle Capital Corp. Ltd is in talks with creditors to prevent the liquidation of some $16 billion in securities, the listed mortgage-bond fund said Monday.... hosted.ap.org |
German Transrapid train line abandoned over soaring costs Germany has decided to suspend the building of a Transrapid rail line linking the southern city of Munich and its airport because of soaring costs, Transport Minister Wolfgang Tiefensee said Thursday. "We had to conclude that plans ... english.people.com.cn |
Drop in TV prices drags down Philips Q1 profit Royal Philips Electronics NV, Europe's largest consumer electronics maker, reported a bigger decline in first-quarter profit than analysts estimated as flat-panel television sales and prices fell.Net income fell 75 percent to 219 millio ... english.people.com.cn |
Before the Bell: GM, Time Warner, P&G, Citigroup, Colgate, GDP in focus Enthusiasm was curtailed as traders hung on the Federal Reserve's next moves on interest rates. Data showed the U.S. economy barely kept its head above water in the first three months of the year, growing at an annual rate of 0.6% on inventory building, export strength and a never-say-die consumer. feeds.marketwatch.com |