Greece’s use of collective action clauses (CAC) forcing investors to take losses under its debt restructuring has triggered payouts on $3bn of default insurance, the International Swaps & Derivatives Association said.

Lehman Brothers Holdings is suing several units of Citigroup to recover $2.5bn (€1.88bn) it transferred to a back-up account at Citi months before seeking bankruptcy court protection.

WHEN Prologis built Japan’s first logistics centre in 2002 — offering inventory management, storage and distribution services — potential clients and lenders told the company to invest in malls or apartments instead.

London: JPMorgan Chase & Co, the second-largest US bank, bought the former offices of Lehman Brothers Holdings in London’s Canary Wharf district for £495 million (€583.9m) to use as its investment bank’s European headquarters.

IRISH stock rallied 2.3% yesterday in their first full day of trading since Christmas.

London: British house prices rose for a fifth month in September as a lack of homes for sale helped the property market to erase its losses of the past year, Nationwide Building Society said.

The Bank of America expects to shed 30,000 to 35,000 jobs over the next three years, as it faces a deteriorating economic environment and tries to absorb Merrill Lynch.

Wall Street kept up a broad winning streak today, giving blue chip stocks their fifth straight advance as investors looked for clues about whether dire predictions for the holiday shopping season would prove accurate.

Creditors of collapsed Lehman Brothers have asked a US judge to allow an investigation into whether JPMorgan played a role in weakening the investment bank as it headed towards bankruptcy.

The head of the Singapore unit of troubled insurance giant American International Group has resigned with immediate effect, the country’s central bank said today.

Asian stock markets partly recovered today after the US government announced a £47.2 billion plan to bail out troubled insurance giant American International Group.

Wall Street’s overnight freefall sent Asian stock markets tumbling sharply today as investors were gripped with fears of a global financial crisis.

Wall Street stocks plunged today, with the Dow Jones industrials sliding 500 points, or 4.4%, in their worst point drop since the September 2001 terrorist attacks.

Stocks tumbled today after fresh worries about the stability of Lehman Brothers Holdings touched off renewed jitters about the overall financial sector.

Stocks rallied today as investors placed bets that a recovery in the financial and housing sectors is more likely to occur following the US government’s move to bail out mortgage giants Fannie Mae and Freddie Mac. The Dow Jones industrials gained nearly 300 points.

Stocks sank in thin trading today as worries about American International Group touched off broader concerns that continued tightness in the credit markets will usher in another round of trouble for financial companies.

Wall Street closed mixed today after investors largely shrugged off a jump in oil prices and focused instead on a bullish analyst call on Lehman Brothers Holdings that eased worries about the financial sector.

Wall Street’s angst over the ongoing fallout from the credit crisis made for a turbulent end to a volatile week today.

Wall Street has ended a wobbly session with mixed results today as concerns about the financial sector eroded enthusiasm over a decline in oil prices and a report that signalled modest growth in the service economy.

Wall Street closed mixed today after weakness in the technology sector punctured some of the market’s enthusiasm over a report that suggested the economy could still be growing.

Wall Street started the week with a mixed performance today, with many investors moving to the sidelines as they wait for quarterly profit reports.

Wall Street kicked off the second quarter with a huge rally – a gain of nearly 400 points in the Dow Jones industrials.

Stocks tumbled today after a plan to alleviate a liquidity crisis at Bear Stearns touched off concerns about the severity of credit troubles.

Wall Street gave up a big early advance and closed mixed today after oil prices closed above 100 for the first time and stoked fears that inflation will stymie an already troubled economy.

FRENCH stocks slid, paced by Axa and Societe Generale.

Wall Street resumed its fourth-quarter rally today, pushing the Dow Jones industrials to its first close above 12,400 after a series of strong company earnings and a drop in unemployment claims revived investors’ confidence in the economy.

Stocks advanced on Wall Street today as investors welcomed an employment report that painted the US job market as robust heading into the holiday season, easing concerns that the economy is losing steam too quickly.

Wall Street was mixed today, with blue chips falling and technology stocks managing a slight gain while investors tussled with their concerns about inflation and the overall health of the economy.

Stocks rallied for a second session today, pushing to four-month highs even as oil prices showed a slight rebound after seven days of losses.

Upbeat reports from the Federal Reserve and DuPont lifted US stocks for a second day in a row today, pushing the Standard & Poor’s 500 past 1,300 for the first time since May 2001.

The London market broke back through the 5000 barrier today as high crude prices kept oil majors in the pink.

INTEL’S chief executive Craig Barrett hailed a new $2 billion factory in Leixlip, Co Kildare, as one of the best of its kind anywhere in the world when he opened the plant in June.