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Reuters: Business News
  • Stock futures point to sharp losses on Wall St
    PARIS (Reuters) - Stock index futures were sharply down on Wednesday as deepening fears that the credit crisis would make more victims and drag the global economy into recession sent equities plunging around the world.

  • Britain offers to bail out banks, rate cuts sought
    LONDON (Reuters) - Britain offered to pump up to 50 billion pounds ($87.2 billion) into its biggest retail banks on Wednesday to help them survive the worst international financial crisis since the 1930s.

  • Stocks tumble despite government crisis moves
    LONDON (Reuters) - Stock markets across the world plunged on Wednesday as concerns about the worst financial crisis in nearly 80 years and fears of a global recession gripped investors despite government efforts to intervene.

  • Linens 'n Things to hasten store closings: report
    (Reuters) - Bankrupt U.S. home furnishings retailer Linens 'n Things sought to speed up closing its remaining 371 stores and begin its going-out-of-business sales to avoid competition from other retail failures, Bloomberg said.

  • Citi seeks potential partners for Wachovia bid: report
    (Reuters) - Citigroup Inc is looking for potential partners in its bid for Wachovia Corp , seeking to wrest the upper hand from Wachovia's other suitor Wells Fargo & Co , the Wall Street Journal said, citing people familiar with the matter.


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