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.
Corn rose for a sixth day to a record in Chicago, leading gains in soybeans, wheat and rice, after the United States cut its output estimate by 3.2 percent from a May forecast.
The euro snapped a two-day decline against the dollar on growing speculation the European Central Bank will raise interest rates next month while the Federal Reserve leaves borrowing costs unchanged.
US stock-index futures advanced after Staples Inc won a fight to purchase Corporate Express NV and Biogen Idec Inc said it got a $15 billion buyout offer from Carl Icahn, fueling speculation takeovers may boost share prices.
|
|
|
|
|
|
|
|
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 20100000002731 
Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
