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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Cisco to outline long-term growth strategy next week

NEW YORK (Reuters) - Top U.S. network equipment maker Cisco Systems Inc is set to outline its long-term growth strategy in an analyst meeting next Tuesday, with investors focused on when and how it will shake off the slowdown in U.S. technology spending.

Washington Mutual shares end erratic session lower

NEW YORK (AP) -- Washington Mutual Inc. shares closed lower Friday, ending an erratic session marked by big gains and steep losses, as the market weighed reports of a possible deal and the bank's assurances that it has enough capital against doubts raised by two debt ratings agencies....

Lehman deal expected this weekend

Sep. 12 - Lehman Bros. is expected to work feverishly over the weekend to work out a deal to sell itself although the government is reluctant to provide financial backing.

Wall St. ends flat amid Lehman vigil; oil a boost

NEW YORK (Reuters) - Stocks closed little changed on Friday in day of whipsaw moves as uncertainty over the fate of troubled investment bank Lehman Brothers kept investors anxious about the health of the U.S. financial system.

Insurer AIG under pressure as shares tumble

A steep drop in American International Group Inc's shares is ratcheting up pressure on CEO Robert Willumstad to publicly come out and reassure investors.

More financials hit hard

Sep. 12 - The fate of Lehman Brothers hangs in the balance while Washington Mutual and AIG deliver more bad news due to mortgage exposure.

America’s most affordable places to retire

A significant number of Americans will soon retire, but many won't be looking so much for a place to settle down as to live it up. Here is a guide to some of the most affordable places.


Fidelity agrees to buy back auction-rate notes

Fidelity Investments said Friday it will buy back $300 million worth of auction-rate securities from its customers, becoming the first major retail brokerage to make restitution.

Reports conflict on JPMorgan talks with WaMu

WASHINGTON (Reuters) - Shares of Washington Mutual Inc whipsawed on Friday amid conflicting reports that JPMorgan Chase & Co was in talks to acquire the battered savings and loan institution.

AIG could hold investor call as soon as Monday: source

NEW YORK (Reuters) - Under increasing pressure from shareholders, American International Group could announce details of its turnaround plan much sooner than expected, including possible asset sales and how it will shore up capital, according to a source familiar with developments.

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