Wiadomości 24

Senator Christopher J. Dodd, who heads the banking committee, suggested that it would be difficult for lawmakers to approve a financial lifeline for the three companies.

The proposed buyers have offered to scrap the $50 billion takeover, instead taking about a minority stake of less than 20 percent, people briefed on the matter told DealBook on Thursday.

The chip maker warned that fourth-quarter revenue would be much weaker than expected because of sluggish demand.

Some of the proposed buyers have offered to scrap their troubled $50 billion takeover of the company, instead taking a minority stake, people briefed on the matter said Thursday.

The company cited streamlining and a changing business mix for laying off about 4 percent of its work force.

Under increasing scrutiny for its role as a leading offshore tax haven, the country will now in limited circumstances turn over the bank records of American clients suspected of tax evasion.

Foreclosures remain “too high,” hurting not only homeowners but lenders and the broader economy, the Fed chief said.

Most of the nation’s stores kicked-off the critical holiday shopping season with double-digit sales declines, portending more price-cuts in December.

The company said the newspaper lost about $11 million in the first nine months of this year.

The faltering economy and new technologies could mean renewed interest in coupons as shoppers refocus on the cost of the products they buy.