TORONTO Oct 29 (Reuters) - IGM Financial Inc Canada's No. 2 mutual fund manager said on Thursday its third-quarter profit skidded 16 percent amid falling revenue. Winnipeg Manitoba-based IGM said third-quarter profit was C$167.4 million ($156.4 million) or 63 Canadian cents a share compared wit ...

FRANKFURT Aug 4 (Reuters) - German chipmaker Infineon is ready to help consolidate the semiconductor sector now that a capital hike and the sale of an asset have relieved its stretched balance sheet it said on Tuesday. Infineon said the capital increase generated gross proceeds of 725 mllion eu ...

CALGARY Alberta June 24 (Reuters) - Sinopec China's largest oil refiner agreed on Wednesday to buy Swiss oil explorer Addax Petroleum Corp for $7.24 billion in China's biggest overseas acquisition as Beijing snaps up reserves to secure energy supplies to fuel its growing economy. Addax brings h ...

Avcorp Industries Inc. announced today that in connection with the previously announced investment agreement dated June 15 2009 between the Company and Panta Holdings B.V. for a subscription of common shares and convertible debentures having an aggregate subscription price of Cdn.$7.5 million t ...

NEW YORK June 10 (Reuters) - Moody's Investors Service on Wednesday raised its rating on auto and mortgage lender GMAC LLC by one notch saying the risk of bankruptcy is reduced because of support from the U.S. government. Moody's raised GMAC's senior unsecured rating to Ca or 10 steps below inv ...

WELLINGTON April 14 (Reuters) - New Zealand retail sales picked up slightly in February but consumers remained cautious amid recession and rising unemployment backing views the central bank will continue to lower borrowing costs. Seasonally adjusted retail sales values rose 0.2 percent on the p ...

In March the Association of BellTel Retirees sent a letter to shareowners urging them to vote contrary to Verizon management's recommendation on two proxy proposals on the ballot for the Annual Meeting in Louisville on May 7th. After that letter was sent it was brought to the Association's atte ...

COLD SPRING HARBOR NY--(Marketwire - April 9 2009) - In March the Association of BellTel Retirees sent a letter to shareowners urging them to vote contrary to Verizon management's recommendation on two proxy proposals on the ballot for the Annual Meeting in Louisville on May 7th. After that let ...

(Updates with trader comments and background.) By Riva Froymovich Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- One of the leading trading platforms for foreign exchange ICAP PLC's EBS Electronic Broking Services was temporarily shut down Thursday due to technical problems just as trading volum ...

(Adds details on funding terms for refinancing) Feb 18 (Reuters) - The Obama administration's housing rescue plan unveiled on Wednesday commits up to $275 billion in funds to help reduce mortgage payments for up to 9 million families and arrest the devastating fall in U.S. home prices. Followin ...

NICOSIA Feb 20 (Reuters) - Cyprus said on Friday it was working on changing the rules so that government-guaranteed bank loans to local authorities could be used as collateral by commercial banks for financing from the European Central Bank. The Cypriot government offers guarantees in rare case ...

NICOSIA Feb 20 (Reuters) - Cyprus said on Friday it was working on changing the rules so that government-guaranteed bank loans to local authorities could be used as collateral by commercial banks for financing from the European Central Bank. "There are loans to local authorities.... which carry ...

JOHANNESBURG Feb 19 (Reuters) - Namibia's economic growth is expected to slow sharply in 2009 as the global slowdown weighs on its key mining industry the central bank said in its economic outlook report on Thursday. The bank said in a statement on its website that the economy was forecast to g ...

By Khalid al-Ansary and Waleed Ibrahim

(Adds comment details about E.U. meeting.) BRUSSELS (Dow Jones)--The European Commission Monday said it is looking for more information from Spain on its EUR4 billion plan to support its auto sector.

The U.S. Department of Commerce had a bit of a surprise to share on Thursday reporting that American retailers reported a 1 percent gain in sales in January compared with the month before reflecting somewhat higher gas prices but also more spending on food and clothing.

CAIRO Feb 11 (Reuters) - Egypt's economy grew below market forecasts at an annual 4.1 percent rate in the second quarter of the current fiscal year with revenues from manufacturing and the Suez Canal both taking hits.

BANGALORE Feb 11 (Reuters) - Pliant Corp a maker of plastic shrink wrap used in packaging filed for Chapter 11 protection in a U.S. bankruptcy court on Wednesday struggling under a heavy debt load.

At a town hall in Elkhart Indiana today the President discussed with working people exactly how the package will affect them and their communities.

CHICAGO (Dow Jones) -- As interest rates charged on fixed-rate mortgages dropped last week the volume of mortgage applications filed fell a seasonally adjusted 24.5% compared with the week before the Mortgage Bankers Association said Wednesday.