Eric Shackleton, The Canadian Press June 30, 2008 - 3:51 p.m. TORONTO - It's been a year since BCE Inc. (TSX:BCE) announced a $52-billion going-private bestow by an Ontario Teachers' Pension Plan-led consortium and in that time the share has cleared every obstacle no more than one - financing. The takeover of Canada's largest telecommunications crew has dragged on through competing bids, been given its blessing by shareholders, fought off a challenge from bondholders that went all the way ...
Emerging markets ADRs slide during first half of 2008 as plethora of factors unnerve investors
Jul 01 2008
Ernest Scheyder June 30, 2008 - 3:33 p.m. NEW YORK (AP) - It was rocky at the outset half of 2008 for those investing in emerging markets, as everything from the U.S. subprime mess to snowstorms and earthquakes jolted intrepidity in the historically high-growth sector. The Bank of New York Emerging Markets ADR Index — which includes shares of companies based in China, Mexico, Brazil and more — lost about 6.7 percent of its ...
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Oil prices give North American stock markets reason to respond
Jul 01 2008
David Friend, The Canadian Press June 30, 2008 - 3:37 p.m. The electronic board shows lines as it malfunctions for the time of the trading day Monday at the Philippine Stock Exchange in Manila's financial district of Makati. The composite exponent lost 6.30 points or 0.3 percent to 2,459.98, a new low in nearly two years on the last trading day of the first moiety of ...
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Chrysler to close Missouri minivan plant; cut pickup truck output
Jul 01 2008
Tom Krisher, The Associated Press June 30, 2008 - 3:40 p.m. DETROIT - Chrysler LLC says it will indefinitely close one Missouri plant and cut production at another what is due to slumping desire to obtain for mini vans and pickup trucks. Officials with the Auburn Hills-based automaker said Monday in a conference call that it will shutter the St. Louis South plant, which makes minivans, effective Oct. 31. The St. Louis North put in the ground, which makes full-size pickup ...
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Dollar mixed against major currencies ahead of ECB rate meeting, as oil passes $143 a barrel
Jul 01 2008
June 30, 2008 - 3:39 p.m. NEW YORK (AP) - The dollar rose against the euro on the other hand was mixed against other major currencies Monday amid record-high oil prices and the expectation of an interest-rate hike by means of the European Central Bank this week. The 15-nation currency was at $1.5751 in late New York trading, down from the $1.5775 it bought Friday. The British pound inched up to $1.9936 from $1.9930, while the ...
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