business - "credit"

Federal Reserve Governor Frederic Mishkin is resigning effective August 31, the Fed said on Wednesday, leaving the central bank's board thinly staffed as it navigates the U.S. economy through a credit crunch and period of slow growth.

The financial services industry is reaping benefits from the turmoil in the credit markets as corporate treasurers, burned by illiquid investments, increasingly hand over their spare cash to professional money managers

Kayne Anderson Energy Total Return Fund, Inc. Enters Into New $200 Million Revolving credit Facility and Files Notice With SEC to Redeem $125 Million in Auction Rate Preferred Stock

The group that has emerged as the frontrunner in the bidding for cable television's Weather Channel has assembled a financing package that shows how dramatically the buy-out world has changed since the onset of the global credit crisis

An executive vice president of auto finance company AmeriCredit Corp. exercised options for 10,000 shares of common stock, according to a Securities and Exchange Commission filing Tuesday.

The president of auto finance company AmeriCredit Corp. exercised options for 206,000 shares of common stock, according to Securities and Exchange Commission filings Tuesday.

Before Memorial Day, I wondered if the long weekend would produce any big new M&A deals. Maybe, I thought, the stock market would begin to see the fruit of some potentially positive trends for the mergers-and-acquisitions market. Would the weak dollar, relatively cheap valuations and more corporate buyers offset the credit crisis and the dearth of private equity buyers?Well, Tuesday arrived and there wasn't much to say. A few deals but nothing major -- hardly, as those dealmaking lawyers might say, dispositive. In the background, InBev continues to sniff around Anheuser-Busch (BUD) and other U.S. brewers. And BW colleague Gene Marcial reports negotiations over Yahoo (YHOO) are intensifying. So the M&A market still has plenty of chances to prove itself -- or fall flat on its face.There was one other, little noticed M&A story that is worth watching though: Private equity players Blackstone Group (BX) and Apollo Management are considering buying Chemtura (CEM), the wall street Journal

If the credit markets improve from here, expect it to take some time.

THE NSW government is likely to reap a much lower price than expected for Sydney's Barangaroo, the site of Australia's biggest urban regeneration project, as developers shy away in the wake of the credit crisis.

AUSTRALIAN business investment slowed sharply in the first quarter as firms were spooked by rapidly rising interest rates, talk of recession in the world's largest economy and a severe credit crunch.