Financial Services & Real Estate
CORRECTED - Interpublic, WPP agencies win MillerCoors account
NEW YORK, Nov 21 (Reuters) - MillerCoors has picked two Interpublic Group agencies, Initiative and DraftFCB, along with WPP Group's Kinetic to plan and purchase the roughly $400 million it spends each year on advertising. Full Article
Goldman says intends to issue FDIC notes next week
NEW YORK, Nov 21 (Reuters) - U.S. investment bank Goldman Sachs Group Inc said on Friday it intends to issue debt securities guaranteed by the Federal Deposit Insurance Corp next week, pending confirmation by credit rating agencies. Full Article
Fair value accounting should not be replaced-US panel
WASHINGTON, Nov 21 (Reuters) - A U.S. accounting rule blamed for contributing to the global financial crisis should not be replaced, accountants and others said on Friday, suggesting instead that banks reveal more information about how they value their hard-to-price assets. Full Article
US automaker worries hit Mexico's peso, stocks up
MEXICO CITY, Nov 21 (Reuters) - Mexico's peso slipped on Friday, ending its worst week in a month as worries about the U.S. automaker's rescue plan raised concerns about the direct impact on the Mexican economy from Detroit's downturn. Full Article
UPDATE 1-Amcore suspends quarterly dividend
Nov 21 (Reuters) - Amcore Financial Inc temporarily suspended its quarterly dividend, effective immediately, as the bank holding company seeks to conserve capital amid a tumultuous financial market. Full Article
Bay Street Week Ahead-Banks slam the door on 2008
TORONTO, Nov 21 (Reuters) - Canadian banks will show some ugly end-of-year numbers in the next two weeks and the more interesting bit -- their 2009 outlooks -- are bound to be vague. Full Article
Goldman Sachs plans FDIC backed debt sale - IFR
NEW YORK, Nov 21 (Reuters) - Goldman Sachs plans to sell new debt that will be guaranteed by the Federal Deposit Insurance Corp, with order books for the bonds expected to open next Monday or Tuesday, according to the International Financing Review. Full Article
Citigroup cuts staff at Nikko broker units--report
NEW YORK, Nov 21 (Reuters) - Citigroup Inc plans to cut personnel in Japan in addition to reductions already set elsewhere, the Nikkei financial daily reported. Full Article
UPDATE 1-Citigroup-Mets naming rights deal still in place
CHICAGO, Nov 21 (Reuters) - The New York Mets and Citigroup Inc said on Friday the naming rights deal the struggling banking giant has for the baseball team's new ballpark remains in place. Full Article
TREASURIES-US yields rebound from record lows in profit taking
*Reports say Geithner to be tapped for Treasury secretary Full Article
Health care sector gears up for U.S. reform
NEW YORK (Reuters) - Drug makers, insurers and other health care companies are preparing for possibly dramatic changes to the U.S. health care system as Democrats increase their power in Washington next year. Full Article
| Symbol | Last | Net Change |
|---|---|---|
| BRENT CRUDE | $49.25 | $1.17 |
| MINI GOLD | $801.70 | $53.00 |
| MINI SILVER | $9.65 | $0.59 |
