News : AFRICA : Business, Economics & Finance

News : AFRICA : Business, Economics & Finance
News : Business, Economics & Finance


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BUSINESS, ECONOMICS & FINANCE IN AFRICA

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Arson likely cause of college fires in Wash.

OLYMPIA, Wash. (AP) -- Arson is believed to be the cause of two early morning fires on The Evergreen State College campus in Olympia, Wash....

Bank of America to buy Merrill Lynch

Bank of America Corp. said early Monday it would acquire Merrill Lynch & Co., Inc. in an all-stock transaction worth about $50 billion that should lift the uncertainty shrouding Merrill.

Street scrambles as Lehman falls

The announcement early Monday by Lehman Brothers that it would file for Chapter 11 bankruptcy after a rescue plan failed followed a weekend of seismic shocks from Wall Street.

Nigeria: JTF Declares All-Out War On Militants

Following a threat of "oil war" by the Movement for the Emancipation of the Niger Delta (MEND), the Joint (Military) Task Force (JTF) has vowed to take the fight to the creeks to "flush out" criminal elements in the oil-producing

Nigeria: Niger Delta Militants Declare 'Oil War'

MOVEMENT for the Emancipation of the Niger Delta (MEND) said, yesterday, it had launched an "oil war" in response to Saturday's aerial and massive bombardments on one of its positions by the military.

Bellevue, Wash. teachers vote to end strike

BELLEVUE, Wash. (AP) -- Classes to start the 2008-09 school year will finally begin Monday morning in the 16,000-student Bellevue School District after teachers voted to call a halt to their nine-day strike that upset some parents....

Vancouver, Wash., man presumed drowned

VANCOUVER, Wash. (AP) -- A 20-year-old man is missing and presumed drowned while apparently trying to swim across the Vancouver Lake Flushing Channel south of Frenchman's Bar Park in Vancouver, Wash....

Lehman looks headed toward bankruptcy

As the outlook for Lehman Brothers appeared to dim Sunday, U.S. and foreign banks joined forces to create a plan aimed at inoculating the global financial system against the investment bank's possible failure, a top investment banking official said.


Electronic Arts drops bid for Take-Two

Video game publisher Electronic Arts Inc. said Sunday it ended talks to buy smaller rival Take-Two Interactive Software Inc., best known for the "Grand Theft Auto" series of games.

Seattle chef inducted into Salmon Hall of Fame

BREMERTON, Wash. (AP) -- The owner and chef at the Flying Fish restaurant in Seattle has been inducted into the Pacific Northwest Wild Salmon Hall of Fame....

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