TOP 100 FINANCIAL SITES
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| Clear Channel Said to Cut TV Sale Price SAN ANTONIO (AP) -- Clear Channel Communications Inc. has agreed to drop the price for its television group by $100 million in an effort to preserve a deal with a private equity firm, a person familiar with the matter said Monday.... hosted.ap.org |
Moody's cuts '08 forecast, see credit woes lasting Moody's Corp. cut its 2008 forecast, saying problems in the credit market will last longer than expected. The credit ratings and research company now expects per-share earnings of $1.90 to $2 and a decline in revenue in the mid- to high teens on a percentage basis. Last month, it predicted earnings of $2.17 to $2.25 a share and a revenue drop at a low double-digit percentage. Analysts' latest mean estimates were for earnings of $2.11 a share on an 11% revenue drop to $2 billion, according to a poll by Thomson Financial. feeds.marketwatch.com |
BofA to pay mortgage head more than CEO got in '07 NEW YORK (Reuters) - Bank of America Corp agreed to pay David Sambol, COO of takeover target Countrywide Corp $28 million, considerably more than its own CEO received in 2007, to lead the bank's consumer mortgage business. feeds.reuters.com |
Brazil's Petrobras to acquire Exxon Mobil's assets Brazil's state-owned oil giant Petrobras confirmed on Tuesday that it has made a proposal to acquire Exxon Mobil's assets in Brazil. Petrobras was the only one to make a purchase offer for Exxon's assets in Brazil. But the U.S.-head ... english.people.com.cn |
Moody's creates new structured-finance cheif post Moody’s Investors Service appoints Jonathan Polansky as structured finance global surveillance coordinator, a new role at the rating agency. feeds.marketwatch.com |