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Blackstone notifies Cohen's SAC it intends to pull money - pension consultant

- Billionaire hedge fund manager Steven A. Cohen is losing the financial support of Blackstone Group Inc , the largest outside investor in his embattled SAC Capital Advisors, which is yanking much of its client money, according to a letter reviewed by Reuters.

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UAE's Majid AL Futtaim eyes $1 billion investments this year

Dead Sea, Jordan - UAE's Majid Al Futtaim Holding (MAF) - sole franchise of hypermarket chain Carrefour in the Gulf - said it foresaw capital investments of up to $1 billion (£661 million) this year as it steadily expanded its foothold in the region.

4:00pm BST

Yahoo joins growing list of bidders for Hulu - sources

LOS ANGELES/NEW YORK - Yahoo Inc has submitted a formal proposal to buy Hulu, joining a growing list of bidders for the video service owned by News Corp and Walt Disney Co, two sources with knowledge of the bid told Reuters on Friday.

24 May 2013

Stimulus fears haunt share markets, dollar recovers

NEW YORK - Global equity markets edged lower on Friday on worries the U.S. Federal Reserve may curb its stimulus program, while the dollar recovered against the euro to trade flat after better-than-expected U.S. durable goods data for April.

24 May 2013

Visa, Mastercard ask U.S. court to declare card fees are lawful

NEW YORK - Visa Inc and MasterCard Inc , opening another front in an eight-year battle over credit card fees paid by retailers, on Friday asked a federal judge to declare that the fees do not violate antitrust law.

24 May 2013
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FTSE 100 6,654.34 -42.45 -0.63%
DAX 8,305.32 -46.66 -0.56%
CAC 40 3,956.79 -10.36 -0.26%
TR Europe 150.05 -0.35 -0.23%
GBP/USD 1.5125 --
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Gold 1,389.30 +24.40 +1.78%
Oil 93.87 -0.10 -0.11%
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