Europe
Site Highlights
NEW!
The Deal Journal Blog: Updated throughout the market day with exclusive commentary, news flashes, profiles, data and more, The Deal Journal provides you with the up-to-the-minute take on deals and deal-makers. Visit Now >> Advertiser Links
|
As of 3:38:00 PM EDT Tue, April 8, 2008
THE HEAD OF THE IOC SAID the organization was reviewing the route of the Olympic torch relay -- but would not cancel any legs of its journey around the world because of anti-Chinese protests. 2:53 p.m.
The Bank of England looks increasingly likely to cut interest rates with news that U.K. house prices last month took their sharpest tumble in nearly 16 years.
Petraeus told lawmakers there has been "significant but uneven security progress" in Iraq and the situation remains fragile. The top U.S. commander recommended undertaking a 45-day review at the end of July before deciding whether to withdraw more troops. Video 3:38 p.m.
The IMF estimated that financial institutions world-wide may face losses of $945 billion over the next two years stemming from the global credit crunch, and urged industry and regulators to revamp their thinking on managing risks. 2:52 p.m.
A pipeline project announced by ConocoPhillips and BP would deliver Alaskan natural gas to markets in the lower 48 states. Many hurdles remain for the long-envisioned pipeline widely expected to cost more than $25 billion. 3:27 p.m.
BT Group said Chief Executive Ben Verwaayen is stepping down and will be succeeded by Ian Livingston, who currently heads the telecom company's retail business.
Capital One is cutting some 750 jobs in its U.K. division, a reflection of the credit-card giant's downscaled ambitions in Europe and part of an ongoing cost-cutting review.
TomTom cut financial estimates for 2008, citing weak demand for its navigational devices despite lower prices.
Novartis agreed to buy eye-care company Alcon from Nestlé for about $39 billion, moving into a fast-growing area of health care. Nestlé is now expected to be in the market for smaller acquisitions as it looks to bulk up its nutrition business.
The relay carrying the Olympic torch to Beijing has quickly become a forum for criticism, posing a challenge to the nation's image and angering ordinary Chinese who feel their country is being treated unfairly. (Complete coverage)
|
Torch Protests Anger Chinese The relay carrying the Olympic torch to Beijing for this summer's Olympic Games is turning into harsh criticism that is angering Chinese citizens who believe their country is being treated unfairly.
The Journal Crossword: Do an interactive version of this week's puzzle, or view a PDF version. Check the Journal's Crossword Archive for previous puzzles and their solutions.
|
|
BREAKINGVIEWS.COM: Get expert opinions on the latest financial stories. |
Europe Business News - European Business News - European Markets - Business Financial News - Business News Online - Business News - Finance news - Personal Financial News
WSJ Digital Network:
Customer Service:
|