Alliance & Leicester Plc plunged in London trading to the lowest since going public in 1997 after the UK mortgage lender scrapped its profit target for this year and next because of the seizure in credit markets.
French billionaire Romain Zaleski's Carlo Tassara International SA plans to use the 1.17 billion euros it raised from the sale of a stake in ArcelorMittal to fund new projects, including a bank.
Standard Chartered Plc abandoned a plan to refinance its $7.15 billion Whistlejacket Capital Ltd structured investment vehicle, the largest SIV run by a bank to collapse.
French power utility EDF yesterday reported stronger than expected underlying earnings growth for 2007 but said 2008 would be marked by sharply higher investment costs.
BNP Paribas SA, France's largest bank, reported a 42 percent decline in fourth-quarter profit after writing down the value of securities hurt by worsening credit markets.
Crude oil fell from a record $100.10 a barrel in New York on speculation that a US Energy Department report will show stockpiles rose for a sixth week.
Microsoft Corp, the world's biggest software maker, may succeed in fighting off rival suitors for Internet search company Yahoo! Inc because they can't offer as much to Yahoo's shareholders.
Microsoft plans to invest heavily in Web search to compete against Google, even if it fails to acquire Yahoo, the company's Chairman Bill Gates said.
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