ICBC Q1 profit surges; takes further subprime hit

Industrial and Commercial Bank of China (1398.HK: Quote, Profile, Research)(601398.SS: Quote, Profile, Research), the world’s biggest bank by market value, posted a 77 percent […]

Turf wars hobble China

If institutional infighting were an Olympic sport, China would sweep the medals at August’s Games.
Turf battles in the financial sector have erupted over everything […]

GM CEO

General Motors Corp (GM.N: Quote, Profile, Research) Chief Executive Rick Wagoner’s salary and other compensation rose 64 percent in 2007 to about $15.7 million, […]

Boeing, other firms boost stocks with better earnings

NEW YORK — Stocks rose Wednesday for the first time this week after better-than-estimated profits at technology, industrial and tobacco companies overshadowed declines in […]

Ambac shares off after posting wider-than-expected loss

Ambac Financial Group Inc (ABK.N: Quote, Profile, Research), a bond insurer that struggled to raise capital earlier this year, posted a surprisingly wide first-quarter […]

Energy: Canada

Energy companies led Canada’s main stock market higher this week as the price of oil hit a record $116.69 (U.S.) per barrel.
The S&P/TSX composite index […]

Fed

A top Federal Reserve official said on Friday banks must raise capital to shield themselves from future losses and it would be better to […]

Alberici Constructors acquires Atlanta-based WWPS

WWPS was founded in 1997 and has projects primarily in the greater Atlanta area. Founder Keith Willis will become the general manager for the […]

Delta, Northwest to create largest airline

Delta Air Lines Inc will buy Northwest Airlines Corp for more than $3 billion under a proposal unveiled Monday to create the world’s biggest […]

A recession? How severe, and at what cost?

The U.S. economy is screeching to a halt, slammed by collapsing consumer confidence and house prices. Spending has been hit by problems on both […]