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| FT.com - Companies
FT.com - Companies
Spain's Ferrovial said a proposal by UK regulators to break up its subsidiary BAA would lead to poorer standards of services and a delay in the delivery of new runways. But investors were initial cheered by the prospect of a lighter debt load
Macquarie Airports announced an overhaul of its balance sheet that will see the Australian fund selling A$1.5bn of European airport assets to help reduce debt and fund a A$1bn share buy-back
Ericsson and STMicroelectronics announced the formation of a joint venture that will supply semiconductors and other technology to mobile phone manufacturers
Investors punished shares of the satellite groups of Babcock & Brown a day after the parent company's decision to halt trading ahead of a review of the future of its board and management
Shares in Lehman Brothers continued their steep decline, falling more than 13 per cent amid fresh predictions of significant third-quarter writedowns
The severity of the US mortgage crisis was underscored as Freddie Mac, one of two government-sponsored enterprises that underpin the US housing market, paid its highest risk premium to sell a $3bn (£1.6bn), five-year debt issue to investors
Barclays would consider buying a US wealth management company but is 'highly unlikely' to bid for an investment bank, even with the depressed share prices of many Wall Street firms, Bob Diamond, the bank's president, said on Tuesday
General Motors has backed away from a two-year drive to wean itself off incentives, highlighting the increasing desperation of US carmakers to counter the steep downturn in demand
Strong laptop sales helped push Hewlett-Packard to a better-than-expected performance in the third quarter in spite of a tougher economic environment
A German shareholder lobby group urged Berlin to improve regulation of capital markets amid rising investor irritation about "creeping takeovers" such as Schaeffler's hostile move on Continental, the car parts and tyre maker
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