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A STANDING ROOM CROWD at the Sonoma Community Center cheered wildly when it was announced that Barack Obama had enough electoral votes Tuesday night. Robbi Pengelly/Index-Tribune
NEW YORK (Reuters) - U.S. stocks stormed higher in a late rally on Friday to cap another volatile week as investors welcomed reports that President-elect Barack Obama has chosen his point person to combat the U.S. economic crisis, instilling confidence about the administration's ability to take action.
TORONTO (Reuters) - HudBay Minerals Inc said on Friday it will buy fellow Canadian base miner Lundin Mining Corp for about C$500 million, triggering a 40 percent drop in its stock as shareholders worried about taking on Lundin's large, but riskier, metals portfolio.
UK stocks closed at the lowest level in more than five years yesterday as investors grew increasingly concerned that a recession in the United States and other major economies will be deeper than expected.
Nov. 21 (Bloomberg) -- Warren Buffett 's Berkshire Hathaway Inc . provided more details on $37 billion of derivative bets after the U.S. Securities and Exchange Commission asked in June for ``more robust disclosure'' on how it values the contracts.
As the Arabs rode into Manchester City in the summer and sanctioned the £34.2 million purchase of Robinho, while John Terry signed a record-breaking £35 million new contract at Chelsea, including £130,000-a-week wages, it was easy to believe that football was immune to the economic downturn.
A look at the week's home calendar events.
Warren Buffett's Berkshire Hathaway Inc provided details to the U.S. Securities and Exchange Commission on how it values what has so far been a money-losing $37.04 billion derivatives bet, after the regulator asked for better disclosure.
TORONTO (Reuters) - HudBay Minerals Inc said on Friday it will buy fellow Canadian base miner Lundin Mining Corp , triggering a 46 percent drop in its stock as shareholders worried about taking on Lundin's large, but riskier, metals portfolio.
PUNTER heavily bet against for his slow-over tactics … Australia's new-age cricket given the old-school treatment … Geoff Huegill to return in lanes one and two … Adelaide United get their behinds kicked by Gumboot Osaka … Al Baxter widely praised for his scrummaging nous by British press.
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