Shares in some of the U.K.'s biggest banks plunged amid uncertainty about which plan the government will choose to further rescue the sector.
France's central bank revised lower its estimate of the country's fourth-quarter GDP, and said business managers expected the downturn to worsen.
Barclays said it doesn't know why shares plummeted ahead of the market close Friday, and it predicted it would report a 2008 profit before tax higher than analysts are expecting.
Manhattan D.A. Robert Morgenthau said his office is probing whether nine European banks helped Iran or Iranian clients evade U.S. sanctions.
UBS agreed to sell its oil, base metals and U.S. power and gas businesses to Barclays, further concentrating commodity trading among major banking firms.
The EU charged Microsoft with new antitrust violations regarding the company's Internet Explorer Web browser.
Israeli officials said they could be close to offering a cease-fire in Gaza, after the U.S. and Israel signed a deal aimed at halting arms smuggling into Gaza.
The Kremlin is considering a merger of some of Russia's largest metals companies into a conglomerate in which the government would take a substantial minority stake.
Since the Madoff scandal erupted, attention has turned to Sonja Kohn, the woman behind much of Bernard Madoff's European business.
Carrefour expects consumer spending to be weak for months as the retailer's sales gains nearly stopped in 2008's fourth quarter.
News from The Wall Street Journal and Dow Jones Newswires
A new wave of European films have attracted controversy for choosing to depict terrorism from the terrorists' point of view.
Duncan Wu's biography of William Hazlitt identifies the English essayist as "the first modern man."
Reporter Christopher Conkey on what to do, where to stay and where to eat in Northern Ireland's bustling capital.
CVC Capital raised $14.4 billion for a buyout fund, suggesting that investors haven't entirely lost their interest in the struggling industry.
HSBC had the chance to raise fresh capital during a lull in the banking crisis late last year. Not following the lead of rivals Santander and Standard Chartered now looks a mistake.
BNP Paribas thought buying the Belgian assets of Fortis was a good deal. But the bank finds itself at the mercy of shareholders and courts.
The U.K. government spent months resisting calls for a loan guarantee scheme to help small enterprises get credit. It has succumbed, though the funding is much less than expected.
* at close Source: Dow Jones, Reuters | |||
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