http://mobile.reuters.com Copyright 2008 Reuters en-us Thu, 16 Oct 2008 00:15:24 -0400 http://mobile.reuters.com/mobile/images/small/logo.png http://mobile.reuters.com/mobile/m/Category/CMAT?src=RSS-MAT http://mobile.reuters.com/mobile/m/FullArticle/CMAT/ninnovationNews_uUSTRE49E8C420081016?src=RSS-MAT PARIS (Reuters) - French power company EDF <EDF.PA> said on Wednesday it would not make a competing bid for U.S. power company Constellation Energy Group Inc <CEG.N> because the credit crisis has made financing more difficult to obtain. Thu, 16 Oct 2008 01:39:23 +0000 2008-10-16T013923Z_01_TRE49F0CV_RTROPTC_0_US-EDF-BRIEF.XML http://mobile.reuters.com/mobile/m/FullArticle/CMAT/ninnovationNews_uUSTRE49E6HE20081015?src=RSS-MAT WASHINGTON (Reuters) - U.S. antitrust authorities have approved Bank of America Corp's <BAC.N> acquisition of Merrill Lynch & Co <MER.N>, the Federal Trade Commission said on Wednesday. Wed, 15 Oct 2008 15:53:55 +0000 2008-10-15T155355Z_01_TRE49E6NN_RTROPTC_0_US-MERRILL-BOA-ANTITRUST.XML http://mobile.reuters.com/mobile/m/FullArticle/CMAT/ninnovationNews_uUSTRE49E9EN20081015?src=RSS-MAT NEW YORK (Reuters) - JPMorgan Chase & Co <JPM.N> and Wells Fargo & Co <WFC.N> may emerge as long-term winners in the quake that has shaken up U.S. banks. Their staying power will be tested by their ability to complete their high-risk mergers. Wed, 15 Oct 2008 23:57:21 +0000 2008-10-15T235721Z_01_TRE49EAN6_RTROPTC_0_US-FINANCIAL-JPMORGAN-WELLSFARGO-MERGERS.XML http://mobile.reuters.com/mobile/m/FullArticle/CMAT/ninnovationNews_uUSTRE49E79W20081015?src=RSS-MAT NEW YORK (Reuters) - A U.S. government plan to inject capital directly into banks could slow the recent spate of distressed sales but is likely to set the stage for a new wave of bank mergers. Wed, 15 Oct 2008 18:03:51 +0000 2008-10-15T180351Z_01_TRE49E83E_RTROPTC_0_US-DEALTALK-BANKS.XML http://mobile.reuters.com/mobile/m/FullArticle/CMAT/ninnovationNews_uUSTRE49E2E720081016?src=RSS-MAT HONG KONG (Reuters) - A warning of tough times ahead by Fed Chairman Ben Bernanke sent global markets sharply lower, with Tokyo shares tumbling 10 percent on Thursday, as investors brace for looming recession. Thu, 16 Oct 2008 03:37:50 +0000 2008-10-16T033750Z_01_TRE49F0TQ_RTROPTC_0_US-FINANCIAL5.XML http://mobile.reuters.com/mobile/m/FullArticle/CMAT/ninnovationNews_uUSTRE49E5H120081015?src=RSS-MAT WASHINGTON (Reuters) - Italy's Finmeccanica SpA <SIFI.MI> has received final U.S. government approval for its $4 billion acquisition of DRS Technologies Inc <DRS.N>, a maker of military engineering and electronics products, the companies said on Wednesday. Wed, 15 Oct 2008 17:51:43 +0000 2008-10-15T175143Z_01_TRE49E80A_RTROPTC_0_US-FINMECCANICA-DRS.XML http://mobile.reuters.com/mobile/m/FullArticle/CMAT/ninnovationNews_uUSTRE49E3XZ20081015?src=RSS-MAT TORONTO/CALGARY, Alberta (Reuters) - EnCana Corp <ECA.TO> said on Wednesday that global market turmoil has forced it to delay plans to split into natural gas and oil sands arms and that it would wait until markets calm before revisiting the idea. Wed, 15 Oct 2008 21:17:58 +0000 2008-10-15T211758Z_01_TRE49E9UQ_RTROPTC_0_US-ENCANA.XML http://mobile.reuters.com/mobile/m/FullArticle/CMAT/ninnovationNews_uUSTRE49E7HI20081015?src=RSS-MAT DUBAI (Reuters) - A battle-scarred private equity industry, facing disgruntled investors and souring portfolios, has few options but to dress its wounds and try to stop them from festering right now. Wed, 15 Oct 2008 17:13:03 +0000 2008-10-15T171303Z_01_TRE49E7HJ_RTROPTC_0_US-PRIVATEEQUITY.XML http://mobile.reuters.com/mobile/m/FullArticle/CMAT/ninnovationNews_uUSTRE49E6VE20081015?src=RSS-MAT WASHINGTON (Reuters) - Information on credit default swap trades and dealers' positions would help securities regulators enforce anti-fraud and anti-manipulation rules, a top U.S. Securities and Exchange Commission official said on Wednesday. Wed, 15 Oct 2008 16:11:27 +0000 2008-10-15T161127Z_01_TRE49E6VF_RTROPTC_0_US-FINANCIAL-CREDITDEFAULTSWAPS.XML http://mobile.reuters.com/mobile/m/FullArticle/CMAT/ninnovationNews_uUSTRE49E6ZG20081015?src=RSS-MAT BANGALORE (Reuters) - Hedge Fund Elliott Associates LP on Wednesday took its $529 million cash offer for Epicor Software Corp <EPIC.O> directly to shareholders, two days after it was snubbed by the business software maker's board. Wed, 15 Oct 2008 16:26:50 +0000 2008-10-15T162650Z_01_TRE49E6ZH_RTROPTC_0_US-ELLIOTT-EPICOR.XML http://mobile.reuters.com/mobile/m/FullArticle/CMAT/ninnovationNews_uUSTRE49EAN720081015?src=RSS-MAT NEW YORK (Reuters) - Wells Fargo & Co <WFC.N> has gotten through the credit crunch so far smelling like a rose, but a skunk may yet cross its path. Wed, 15 Oct 2008 23:57:16 +0000 2008-10-15T235721Z_01_TRE49EAN6_RTROPTC_0_US-FINANCIAL-JPMORGAN-WELLSFARGO-MERGERS.XML-sidebar-1 http://mobile.reuters.com/mobile/m/FullArticle/CMAT/ninnovationNews_uUSTRE49E2E720081015?src=RSS-MAT NEW YORK (Reuters) - Gloomy economic data and warnings from the U.S. Federal Reserve that hard times were still to come wiped out two days of relative optimism about the credit crisis and sent markets into free-fall on Wednesday. Wed, 15 Oct 2008 22:56:10 +0000 2008-10-15T225610Z_01_TRE49EACS_RTROPTC_0_US-FINANCIAL5.XML http://mobile.reuters.com/mobile/m/FullArticle/CMAT/ninnovationNews_uUSTRE49E9VA20081015?src=RSS-MAT WASHINGTON (Reuters) - Hard lessons from the Great Depression make it unlikely that countries will shut down trade to save jobs if the global financial crisis turns into an ugly worldwide recession, but trade liberalization could slow, analysts say. Wed, 15 Oct 2008 21:23:53 +0000 2008-10-15T212353Z_01_TRE49E9X3_RTROPTC_0_US-USA-TRADE-PROTECTIONISM.XML http://mobile.reuters.com/mobile/m/FullArticle/CMAT/ninnovationNews_uUSTRE49E9GC20081015?src=RSS-MAT REYKJAVIK (Reuters) - Iceland acted to shore up its ravaged economy by slashing borrowing costs on Wednesday and its officials pursued efforts with Russia to get a multi-billion euro loan to help it over its worst financial crisis. Wed, 15 Oct 2008 20:34:46 +0000 2008-10-15T203452Z_01_TRE49E9FY_RTROPTC_0_US-FINANCIAL5.XML-sidebar-5 http://mobile.reuters.com/mobile/m/FullArticle/CMAT/ninnovationNews_uUSTRE49E2K220081015?src=RSS-MAT BRUSSELS (Reuters) - France, Britain and Germany led calls on Wednesday for an overhaul of the world's financial system aimed at preventing a repeat of the worst credit crisis since the Great Depression while markets slumped again. Wed, 15 Oct 2008 19:06:49 +0000 2008-10-15T190700Z_01_TRE49E8R8_RTROPTC_0_US-FINANCIAL5.XML-sidebar-1 http://mobile.reuters.com/mobile/m/FullArticle/CMAT/ninnovationNews_uUSTRE49E8OA20081015?src=RSS-MAT ADA, Michigan (Reuters) - The Group of Eight leaders are expected to hold a meeting on the global financial crisis this year and President George W. Bush is expected to attend, White House spokesman Tony Fratto said on Wednesday. Wed, 15 Oct 2008 18:53:47 +0000 2008-10-15T185353Z_01_TRE49E8O9_RTROPTC_0_US-FINANCIAL5.XML-sidebar-2 http://mobile.reuters.com/mobile/m/FullArticle/CMAT/ninnovationNews_uUSTRE49E88X20081015?src=RSS-MAT ADA, Michigan (Reuters) - President George W. Bush said on Wednesday that the government's plan to buy stakes in banks will likely result in most of the money being returned and in some cases the government would make money. Wed, 15 Oct 2008 18:22:39 +0000 2008-10-15T182247Z_01_TRE49E8A9_RTROPTC_0_US-FINANCIAL5.XML-sidebar-1 http://mobile.reuters.com/mobile/m/FullArticle/CMAT/ninnovationNews_uUSTRE49E6OG20081015?src=RSS-MAT PARIS (Reuters) - French mutual banks Banque Populaire and Caisse d'Epargne will each put assets of some 5 billion euros ($6.83 billion) into their planned merger, with a deal expected to be signed in two to three weeks, a source close to the negotiations told Reuters on Wednesday. Wed, 15 Oct 2008 16:48:23 +0000 2008-10-15T164823Z_01_TRE49E76L_RTROPTC_0_US-FINANCIAL-BANKS-MERGER.XML http://mobile.reuters.com/mobile/m/FullArticle/CMAT/ninnovationNews_uUSTRE49E22V20081015?src=RSS-MAT MACAU (Reuters) - U.S. private equity giant Blackstone Group <BX.N> said on Wednesday that it still aims to complete a pair of property deals in Shanghai, although a company official said valuations in China need to come down and regulations should be friendlier to foreign investors. Wed, 15 Oct 2008 15:05:52 +0000 2008-10-15T150552Z_01_TRE49E66Q_RTROPTC_0_US-BLACKSTONE-CHINA.XML http://mobile.reuters.com/mobile/m/FullArticle/CMAT/ninnovationNews_uUSTRE49E60720081015?src=RSS-MAT BRUSSELS (Reuters) - Italy's Eni <ENI.MI> won permission from EU competition authorities on Wednesday to buy Belgian natural gas company Distrigas, part of French utility Suez <LYOE.PA>, the European Commission said in a statement. Wed, 15 Oct 2008 14:51:52 +0000 2008-10-15T145152Z_01_TRE49E608_RTROPTC_0_US-ENI-SUEZ-EU.XML