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Virgin Group Chairman Richard Branson poses with a mobile phone during the launch of Virgin Mobile services in Mumbai March 2, 2008. . REUTERS/Punit Paranjpe

Virgin Mobile and Korea's SK in talks

Reuters - 2 hours 41 minutes ago

NEW YORK (Reuters) - Richard Branson's Virgin Mobile USA and South Korea's SK Telecom , which controls U.S. mobile service Helio, are in early talks on a deal, a person familiar with the discussions said on Friday. More »

Kerkorian launches tender offer for Ford shares
Reuters - Friday, May 9 09:55 pm
DETROIT (Reuters) - Billionaire investor Kirk Kerkorian on Friday launched a planned tender offer to add to a Ford stake he called an "attractive investment," and not one he acquired to influence the automaker. More »
"Law and Order" court preps for Clear Channel trial
Reuters - Friday, May 9 08:56 pm
NEW YORK (Reuters) - The iconic New York State Supreme Court house, a popular backdrop for movies and television shows, was busy preparing for Monday's showdown over the $20 billion (10.2 billion pound) buyout of Clear Channel Communications More »
Oil hits record $126 on supply worry and fund buying
Reuters - Friday, May 9 08:49 pm
NEW YORK (Reuters) - Oil jumped to a record above $126 a barrel on Friday, extending gains to more than 11 percent since the start of the month on fuel supply concerns and a rush of speculator buying. More »
Citigroup aims to shed $400 billion of assets
Reuters - Friday, May 9 08:47 pm
NEW YORK (Reuters) - Citigroup Inc said on Friday it plans to shed $400 billion (205 billion pounds) of assets within three years and boost revenue by up to 10 percent annually, in a bid to restore profitability after huge losses tied to flagging mortgage and credit markets. More »
Swiss Life mulls bid for Friends Prov unit
Reuters - Friday, May 9 05:48 pm
LONDON (Reuters) - Insurer Swiss Life is considering a bid for Lombard, the high-end insurance unit of Friends Provident , and is already conducting due diligence, sources familiar with the matter said on Friday. More »
Update on Ferrovial's BAA refinancing knocks shares
Reuters - Friday, May 9 05:40 pm
MADRID (Reuters) - Ferrovial's UK airports arm said it may not be able to start talks with bondholders about a massive refinancing as soon as planned, knocking the Spanish firm's shares on Friday. More »
Banks and miners drag FTSE down
Reuters - Friday, May 9 05:19 pm
LONDON (Reuters) - The top share index shed 1.05 percent on Friday for its first weekly fall in a month, as a hefty loss in U.S. insurance giant AIG sent financials reeling and miners tracked weaker metal prices. More »
EDF has bid alone for British Energy
Reuters - Friday, May 9 04:51 pm
LONDON (Reuters) - French utility EDF has submitted a takeover proposal for UK nuclear generator British Energy , sources familiar with the matter said on Friday. More »
Home repossession orders surge
Reuters - Friday, May 9 12:27 pm
LONDON (Reuters) - More people in England and Wales are just one step away from losing their homes than at any time since the early 1990s as the credit crunch bites, figures showed on Friday, and experts say things can only get worse. More »