&#39;Strong&#39; Challenger $235m down
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THE Kerry Packer-backed Challenger Financial Services Group handed down a $235 million full-year loss yesterday as Mike Tilley adopted the tried and tested strategy for incoming chief executives of cleaning up the books.
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With the US presidential elections approaching, world oil prices appear to be going down. New York&#39;s main contract, light sweet crude for delivery in December, fell 26 cents to 49.
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In a sign that Google Inc.&#39;s initial public offering isn&#39;t as popular as expected, the Internet search giant lowered its estimated price range to between $85 and $95 per share, down from its earlier prediction of $108 and $135 per share.
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Retailer posts wider operating loss; revenue slips from year earlier, as US same-store sales fall. NEW YORK (CNN/Money) - Beleaguered toy retailer Toys &#39;R&#39; Us, in the midst of a major restructuring of its
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The company's strong operations don't excite the market.
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The US dollar yesterday dropped to a record low against the euro in Tokyo and fell to its lowest level in nearly five years against the Japanese yen.
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SONOMA, California (Ticker) - It wasn&#39;t pretty, but it was enough to stay atop the leaderboard. Tom Kite increased his lead at the $2.
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The company has posted impressive growth, but the industry is struggling.
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A weak U.S. dollar is expected to affect profitability.
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Driving the companyâs loss, which amounts to $31.85 a share, was a $5.21 billion write-down on its portfolio of credit derivatives.
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Brent hits 3-week low as Sistani enters Najaf with peace plan, big-money funds take profits. SINGAPORE  - US light crude prices fell below $43 a barrel Thursday, extending heavy losses to a fifth
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By Richard Waters in San Francisco and Paul Taylor in New York. PeopleSoft succumbed to a sweetened $10.3bn (Â£5.22bn) takeover offer from Oracle yesterday, putting an end to a bitter 18- month battle that
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World oil prices fell nearly $2 a barrel on Friday as dealers took profits from a recent rally, but the market remained on edge as powerful Hurricane Ivan thrashed through the Caribbean on a track toward the energy-rich Gulf of Mexico
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U.S. private equity firm Texas Pacific  Group&#39;s  bid for Japanese consumer electronics maker  JVC (6792.T) is struggling to win backing from lenders, putting  the roughly $560 million deal in jeopardy, sources familiar  with the matter say.
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Wall Street gave Democratic presidential challenger John Kerry the edge in the first presidential debate, but many in the financial community are still pulling for President George W. Bush to prevail in the November 2 election.
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The Nikkei 225 average is down 0.4 percent by midday Monday as caution about the dollar&#39;s weakness and the US presidential election prompts selling of exporters such as Toyota ahead of its earnings announcement.
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Plus: IBM net income inches higher, despite legal bill...Nokia sees lower profit but strong sales...Adobe strong despite drop.