9:00am: Prince Alwaleed Bin Talal, the embattled bank's largest individual shareholder, is raising his stake back to 5%; expresses support for CEO Vikram Pandit. more | 4:53am: Experts say sharp slowdown in China's manufacturing sector bodes well for retailers and consumers in 2009. more 4:48am: Secures funds from International Monetary Fund and four Nordic countries after collapse of its banking system. more 4:52am: World markets follow Wall Street lower as economic fears batter sentiment. Japan's benchmark Nikkei slides nearly 7%. 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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