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HSBC's bad-debt charge to top $10 billion as U.S. market slows (MarketWatch)

Thu, 8 Feb 2007 17:21:00 GMT | Yahoo! Finance

LONDON -- Banking giant HSBC Holdings warned that bad-debt charges are set to exceed forecasts by about $1.76 billion, as higher interest rates and a lack of refinancing options in the slowing U.S. housing market leave customers unable to pay their mortgages.


HSBC's bad-debt charge to top $10 billion as U.S. market slows

| Findory News

Marketwatch: LONDON -- Banking giant HSBC Holdings warned that bad-debt charges are set to exceed forecasts by about $1.76 billion, as higher interest rates and a lack of refinancing options in the slowing U.S. housing market leave customers unable to pay their mortgages.


Canada Pension Plan fund feasts on rising markets: 10.1% nine-month return

Thu, 8 Feb 2007 14:09:00 -0500 | CANOE Money

TORONTO (CP) - The Canada Pension Plan fund reported Thursday it grew by $7.5 billion to $110.8 billion during the fiscal third quarter ended Dec. 31.


World Business Briefing: The Netherlands: Net Surges at Unilever

Thu, 08 Feb 2007 23:23:34 EDT | New York Times

Unilever, the consumer products giant, said its fourth-quarter profit nearly tripled after it sold its European frozen foods business. Net profit rose to 2.10 billion euros ($2.72 billion) from 736 million euros in the period a year earlier on a one-time gain of 1.2 billion euros ($1.55 billion) from the sale of its frozen foods business to the private equity investor Permira. Sales fell to 9.73 billion euros ($12.6 billion) from 9.76 billion euros.


World Business Briefing: Britain: U.S. Cigarette Brands Acquired

Thu, 08 Feb 2007 23:25:00 EDT | New York Times

The Imperial Tobacco Group of Britain agreed to buy Commonwealth Brands, the maker of the discount cigarettes USA Gold and Sonoma, from Houchens Industries for $1.9 billion, giving Imperial entrance into the United States. Houchens, which is privately held, has annual sales of 14 billion cigarettes. Commonwealth Brands, which was acquired by Houchens in 2001, has an estimated 3.7 percent of the $376 billion cigarette market in the United States.


Ares and Ontario Teachers Pension Plan nab GNC for $US1.65 billion

Fri, 9 Feb 2007 18:00:00 -0500 | CANOE Money

TORONTO (CP) - Ares Management LLC and the Ontario Teachers Pension Plan are bulking up their assets in a deal to buy the parent company of General Nutrition Centers Inc. for US$1.65 billion.


Lear Agrees to Buyout Offer of $2.8 Billion From Icahn

Fri, 09 Feb 2007 23:12:36 EDT | New York Times

One of the biggest shareholders criticized the company?s deal to sell itself for $2.8 billion to the investor Carl C. Icahn.


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