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Xstrata poised for large rights issue
Shares in the mining group fell 9% as expectations rose that it would be the latest UK company to tap shareholders for cash to bolster balance sheets strained by the downturn
FT.com

iPhone take up boosts AT&T revenues
The telecommunications group expects revenues to grow this year following the success of Apple's iPhone and new internet TV services but it plans to cut its $20bn capital spending budget
FT.com

Thomson in talks with bankers
The media services group is in discussions with bankers after another difficult year will leave Thomson in breach of debt covenants, jeopardising the future of a company that was once a symbol of France's hi-tech expertise
FT.com

Hicks Acquisition Company I, Inc. and Blackstone-Led Group Amend Graham Packaging Transaction (Business Wire)
DALLAS & YORK, Pa. & NEW YORK----Hicks Acquisition Company I, Inc. , a Dallas-based special purpose acquisition company , Graham Packaging Holdings Company and The Blackstone Group announced today that they have amended their previously announced agreement under which Graham Packaging will go public through a transaction with Hicks Acquisition in partnership with Blackstone and the Graham Group.
yahoo.com

Construction Industry in Qatar Showing Resilience
As Dubai developers are packing their bags with job redundancies and canceled contracts becoming the order of the day, its tiny neighbor, Qatar is firing up its construction sector. New construction projects such as the Qatar-Bahrain Causeway will help create 2,000 new jobs giving many previous Dubai employees a fresh start.Costing Dh11 billion (US$3bn) to [...]This Post is from: Overseas Property Mall, part of Fuzz One Media GroupConstruction Industry in Qatar Showing Resilience
Oversees Property

California Water Service Group: California Water Service Group Board of Directors Declares 257th Consecutive Quarterly Dividend and 42nd Consecutive Annual Dividend Increase
SAN JOSE, CA (MARKET WIRE) At its meeting today, the California Water Service Group (NYSE: CWT) Board of Directors declared the company's 257th consecutive quarterly dividend, increasing the annual dividend from $1.17 to $1.18. This represents the company's 42nd consecutive annual dividend increase. The quarterly dividend of $0.2950 per common share will be payable on February 20, 2009, to stockholders of record on February 9, 2009.
Marketwire.com

Telefónica raises its dividend
The Spanish telecommunications group on Wednesday defied the bleak trading outlook, announcing a 15 per cent increase in its dividend for this year
FT.com

US envoy urges stronger Gaza ceasefire
George Mitchell, the new US Middle East envoy, called for a strengthening of the fragile ceasefire between Israel and the Islamist Hamas group amid renewed violence
FT.com

Argos venture in India terminated
Argos is to pull out of India less than two years after its owner, Home Retail Group, trumpeted the growth prospects for south Asia. The company said the venture had failed to meet targets
FT.com

Former AIG Vice President Sentenced to Four Years in Prison for Role in Fraudulent Manipulation Scheme
WASHINGTON, Jan. 27 /PRNewswire-USNewswire/ -- The former vice president of reinsurance of American International Group Inc. (AIG), was sentenced today to four years in prison for his role in a fraudulent scheme to manipulate AIG's financial statements, the Department of Justice announced. Christian M. Milton, 61, of Wynnewood, Pa., who ...
InsuranceHeadlines

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