Create your own free news widgets.

DryShips Inc. (NASDAQ: DRYS) (the 'Company' or 'Dryships'), a global provider of marine transportation services for drybulk cargoes and off-shore contract drilling oil services, announced two transactions to reduce its future financial commitments ...

Jan 22 (Reuters) - Sanders Morris Harris Group Inc said it agreed to sell a significant portion of its capitalmarket business to Siwanoy Capital on undisclosed terms in aneffort to convert itself into asset management company.

The Bermuda-based Arch Capital Group announced that the Company has received approval in principle from the Lloyd's Franchise Board and the Financial Services Authority (FSA) to establish a new ...

Adam Katz submits:As competitive currency devaluation looms, the USD may gain on a relative basis. The black swan remains the possibility of a loss of confidence in the U.S dollar. Continued Artificial USD Strength Human beings have the bad habit of valuing things on a relative basis. Absolute value is very hard to comprehend. The recent USD strength has been a factor of weakness in foreign currencies and NOT strong fundamentals for the USD. This was highlighted Tuesday when both Gold and the USD rallied on the back of Euro weakness. Allow me to highlight several fundamentals that are developing:Complete Story »

Belgium's KBC reached an agreement with the Flemish regional government for $2.6 billion of core capital after booking heavy losses from write-downs.

New York - U.S. stocks sank, sending the Dow Jones Industrial Average to its worst Inauguration Day decline, as speculation banks must raise more capital sent financial shares to an almost 14-year low. State Street Corp., the largest money manager ...

MILAN, Jan 22 (Reuters) - The Exor holding company ofItaly's Agnelli family is weighing a possible capital increaseof about 2 billion euros for car maker Fiat SpA , LaRepubblica newspaper said on Thursday.

IN 1849, TENS OF THOUSANDS OF EASTERNERS joined a gold rush to California, lured to the new territory by the discovery the previous year of 23-karat flakes in the river by Sutter's Mill. Now, 160 years later, on the opposite coast there is a 'Grid Rush.'Lobbyists for electrical utilities, their suppliers, and their consultants are descending on Washington in droves to pan for a share of the $11 billion that President Barack Obama initially wants to spend to help modernize our aging electrical-transmission system -- a web of 250,000 miles of power lines connecting millions of homes and businesses to 9,200 electric plants.About $4.5 billion of that lucre would help utilities convert the low-voltage part of the system into a so-called smart-grid, introducing digital-age efficiencies into the system, reducing waste and negating the need for expensive and polluting new power plants. Similar upgrades are under way in world capitals from Brussels to Beijing as governments struggle to reduc

Investors may be saying good riddance to 2008, one of the worst years on record for stocks. But the pain may not end there: Despite posting double-digit losses, many funds are saddling investors with a hefty tax bill, too.Under IRS rules, mutual funds are required to distribute capital gains and dividends to shareholders, and investors may owe taxes on distributions even if they don’t sell their shares. With the markets down sharply last year, analysts say 2008 capital gains weren’t as high as the record $393 billion paid out in 2007. But investors could still be in for a “double whammy” when they get their year-end statements, says Tom Roseen, senior analyst at fund tracker Lipper.Among the worst offenders: foreign stock funds. Many of these funds soared in recent years, creating big gains that are just now being passed on to shareholders. Oppenheimer’s Developing Markets fund, for instance, paid $8.32 a share in 2008 capital gains, 36 percent of the f

Western Capital Resources Inc. bought 12 Cricket Wireless store locations, including eight in St. Louis, from VZ Wireless LLC for $1.83 million.