1:56pm: The plans for a massive bank bailout by European governments differ strikingly from the U.S. approach. more | 10:18am: Overseas markets respond positively to British bank bailout and coordinated action by European governments. more 3:00pm: Embattled Wall Street firm completes deal with Japanese bank, getting $9 billion in exchange for 21% stake; stock stages huge rally. more 8:51am: Finance Ministry says banks will have access to 'stabilization fund' through 2009. more |
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After a disastrous acquisition spree, the Milanese fashion house, looking to reduce its debt, has decided to raise cash by going public. But at what price? more
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