Top News & Analysis North America

  • A fine old storm we cooked up on the show this morning, and as is often the case the viewers were asking some of the toughest questions. Why had it taken the ratings agencies so long to decide some subprime debt needed reviewing? What else could be out there and are the agencies playing catch up?

  • Shares in Unilever rose more than 4% Wednesday on speculation in the market about Colgate-Palmolive being interested in all or part of the consumer products maker.

  • Irish food group Glanbia said on Tuesday it expected full-year results would be towards the upper end of analysts' expectations following a strong first half.

  • A deal to free up world trade could be delayed several years if no progress is made by the end of 2007, the United States said on Thursday, as it stepped up criticism of India and Brazil over failed talks.

  • U.S. mortgage applications were little changed from the prior week, with an increase in demand for loans to buy homes offset by a drop in applications to refinance, an industry group said on Thursday.

  • Snapple iced tea.

    Coca-Cola is evaluating whether to make a bid for Snapple, the iced tea division owned by Cadbury Schweppes, as part of Coke's push into tea-based drinks, Coke Chief Executive E. Neville Isdell told Reuters.

  • Former World Bank chief Paul Wolfowitz, who resigned amid a furor over his handling of a bank pay package for his girlfriend, has joined the American Enterprise Institute, a think tank, as a visiting scholar.Wolfowitz moves to DC think tank

  • U.S. fund Cerberus Capital Management is likely to sell its $474 million stake in Japan's Imperial Hotel, the Nikkei business daily reported in its evening edition on Tuesday.

  • Barclays, which is competing with Royal Bank of Scotland to buy ABN Amro Holding in the largest takeover fight in the financial industry's history, said Monday it received approval from Dutch regulators to delay its proposed takeover.

  • KB Home, the No. 5 U.S. home builder, posted a quarterly net loss Thursday as revenue dropped sharply due to the weak housing market.

  • CWC328a

    Constellation Brands Thursday posted a quarterly profit far above Wall Street estimates, as its efforts to cut the amount of wine it ships to U.S. distributors did not hurt sales as much as expected.

  • Customers walk around the exterior of the Rite Aid in Harrisburg, Pa., Thursday, Sept. 22, 2005. Rite Aid Corp. reported a second-quarter loss that reversed gains from a year ago. (AP Photo/Carolyn Kaster)

    Rite Aid, the third-largest U.S. drugstore chain, posted a higher quarterly profit Thursday as an income tax benefit and a gain on asset sales offset acquisition costs.

  • Wells Fargo, the fifth-largest U.S. bank, on Wednesday named John Stumpf chief executive, replacing Richard Kovacevich, who will remain chairman.

  • A spokesman for U.S.-based Cerberus Capital Management said it will also make a bid for BCE, Canada's biggest telecom company.

  • Chemicals maker Basell said Tuesday it has agreed to buy U.S. chemical company Huntsman for $5.6 billion excluding debt, in a bid to strengthen its position as a global chemicals group.

  • The U.S. justice department has launched a corruption probe into Britain's BAE Systems, a potential headache for Gordon Brown just hours before he succeeds Tony Blair as British Prime Minister.

  • Iberdrola said on Tuesday that it is considering carrying out a capital hike to help finance the 6.4 billion euro acquisition of Energy East, a U.S. electrical group, and expects the merger to contribute to group earnings within a year.

  • Lear, which has faced criticism for accepting billionaire Carl Icahn's $36-per-share buyout offer, delayed a shareholder vote on the deal until July 12, the auto parts maker said on Friday.

  • HR_block_building_AP.jpg

    H&R Block swung to a fourth-quarter loss Thursday as the continuing struggles of its mortgage lending arm offset higher revenue in its tax and financial services divisions.