Reuters - Stock index futures rose on Friday,
indicating a higher market open, after comments by Federal
Reserve Chairman Ben Bernanke bolstered belief in the market
that another interest-rate cut is on the horizon.
Reuters - CEO pay in the hard-hit U.S.
home-building sector is high compared with most other
industries, and a big chunk of the compensation is from annual
bonuses that aren't tied to long-term performance, a new study
has found.
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.
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.
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 (017670.KS) and
Providence Equity Partners, a source familiar with the matter
said on Thursday.
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.
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.