NEW YORK (Reuters) - The Bush Administration is close to agreeing on a pact with major financial institutions that would temporarily freeze interest rates on certain subprime loans, the Wall Street Journal reported Friday, citing sources familiar with the negotiations.
NEW YORK (Reuters) - Sprint Nextel Corp has rejected a $5 billion investment by a group including former chairman Tim Donahue, South Korea's SK Telecom Co Ltd and Providence Equity Partners, a source familiar with the matter said on Thursday.
NEW YORK (Reuters) - Newmont Mining Corp , the world's No. 2 gold producer, on Friday said it agreed to sell its royalty assets and other non-core investments to Franco-Nevada Corp in a deal worth about $1.3 billion.
CHARLOTTE, North Carolina (Reuters) - Federal Reserve Chairman Ben Bernanke said on Thursday a resurgence in financial strains in recent weeks had dimmed the outlook for the U.S. economy, signaling an openness to lowering interest rates again.
SAN FRANCISCO (Reuters) - Google Inc was set to announce on Friday it will bid on coveted airwaves to launch a U.S. wireless network, the Wall Street Journal reported on Thursday, citing sources familiar with the matter.
SEOUL (Reuters) - South Korean prosecutors probing corruption at the Samsung Group raided its brokerage unit Samsung Securities on Friday and did not rule out further search and seizures at Samsung offices, an official said.
NEW YORK (Reuters) - Stocks edged higher on Thursday as shares of Exxon Mobil and other energy companies rose on supply concerns, offsetting worries about the economy and a pullback in bank stocks.
TALLAHASSEE, Florida (Reuters) - Facing a run by panicked local government investors, Florida officials on Thursday suspended withdrawals from a state-run, short-term investment fund that has shrunk to $15 billion from $26 billion over the past two weeks.
ASTANA (Reuters) - Kazakhstan plans to introduce a new oil production tax to boost budget revenues, a senior official said on Friday, in a move certain to alarm foreign investors in the oil-rich Central Asian state.
CAMBRIDGE, Massachusetts (Reuters) - The Federal Reserve will act to protect the wider economy from financial turmoil but not to shelter individual investors from losses, Fed Board Governor Frederic Mishkin said on Thursday.
