KarstadtQuelle's banks agree to keep credit lines open until year-end
91512
KarstadtQuelle, the troubled German department store operator, said its creditor banks had agreed to meet its liquidity needs until December 31, but had not yet agreed to its request for a three-year-loan of 1.75 billion euros (2.2 billion dollars).
36128
KarstadtQuelle, the crisis-ridden German retail giant, does not expect to turn in a profit until 2006 instead of 2005 as expected, the group's chairman Christoph Achenbach told shareholders at an extraordinary general meeting in Duesseldorf.
657593
KarstadtQuelle, the ailing German department store chain, became the latest group to join a growing list of companies that are prescribing stinging job cuts and wage freezes as a way out of deep financial crisis.
697386
The Bank of England has chosen to keep interest rates unchanged at 5.25 percent, deciding against another increase following January's surprise hike.
3695
WASHINGTON - A lifeline banks are extending to owners of mortgage-backed securities that have plunged in value will avert a near-term crisis but not necessarily a painful reckoning long term.
638605
Shops at major railway stations and airports in Switzerland are set to open 365 days a year after parliament agreed to relax rules on Sunday trading.
759157
German banks and the regional government have agreed how they will cover some 17.5 billion euros ($25.70 billion) worth of troubled state lender SachsenLB's risks as part of a deal to rescue the bank, several sources familiar with the situation said on Thursday.
36200
Struggling German retailer KarstadtQuelle on Thursday agreed with employee representatives on a cost-cutting plan that will include eliminating some 5,500 jobs, or 12 percent of its work force, and a three-year pay freeze.
423561
Credit Suisse plans to focus its  investment banking activities on high-margin business and float  off insurer Winterthur in a long-awaited revamp aimed at  boosting the earnings power of Europe's 10th-largest bank.
72033
The action by the European bank eases conditions in credit markets that are grappling with a lending squeeze linked to the U.S. housing downturn and traditional year-end demands for cash.
291244
Switzerlandâs troubled national airline says it has secured an agreement in principle with an international banking syndicate for a SFr325 million ($258 million) credit facility.
100367
Arcelor Mittal, the world's biggest steel group, has secured a new credit line of 17 billion euros (22.6 billion dollars) with a syndicate of 26 banks.
89719
Banks in Zimbabwe will remain open on Christmas Day and Boxing Day to allow people to get new banknotes.
561776
Britain's Labour government Tuesday agreed to extend its guarantee to all customer deposits held at Northern Rock as the British bank severely hit by the global credit squeeze awaits being taken over.
365
Embattled mortgage finance company Fannie Mae  agreed to keep billions of dollars more cash on hand while it corrects accounting problems, its government regulator said on Monday.
473648
The Swiss bank won't be the last to announce such a writedown.
53077
Embattled mortgage finance company Fannie Mae agreed to keep billions of dollars more in cash on hand while it corrects accounting problems, its government regulator said today.