Robert Willumstad, American International Group Inc's new chief executive officer, says "nothing is off the table" as he tries to win back shareholders' confidence in the world's biggest insurer.
Barclays Plc rose the most in 16 years in London trading after the bank eased concerns that a stock sale will hurt current shareholders and reported earnings last month were better than a year ago.
Lehman Brothers Holdings Inc, the fourth-largest US securities firm, reduced assets tied to real estate 20 percent to $64.7 billion in the second quarter to curb further losses from the collapse of the mortgage market.
US stock-index futures fell after JPMorgan Chase & Co cut its earnings estimate on General Electric Co and New York manufacturing decreased more than forecast in June.
Lehman Brothers said yesterday that Chief Financial Officer Erin Callan and Chief Operating Officer Joseph Gregory have been removed from their positions, days after the investment bank announced a $3 billion quarterly loss.
Retail sales in the United States rose twice as much as forecast in May as Americans used their tax rebates to shop at electronics and department stores, and record gasoline prices swelled service-station receipts.
European Union regulators charged Gaz de France SA and E.ON AG, Germany's biggest utility, with breaking EU antitrust rules by agreeing not to sell natural gas in each other's markets, stepping up an antitrust crackdown.
European stocks rose for the first time in seven days and US index futures climbed after InBev NV offered a record $46.3 billion in cash for Anheuser-Busch Cos and banks rebounded from their cheapest in two months.
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