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As of 12:47:00 PM EDT Fri, September 21, 2007
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MIDDLE EASTERN GOVERNMENTS are demonstrating their clout in global financial markets as oil prices soar. 10:53 a.m.
Qatar Investment Authority snapped up a 9.98% stake in OMX, threatening Nasdaq's bid. Qatar also bought a 20% stake in the LSE. The U.K.'s open investment policy runs counter to more protectionist stances in the U.S. and much of Europe.
The euro rose to yet another fresh high, breaking through $1.41 and drawing renewed calls from French President Sarkozy for the ECB to cut interest rates. 9:18 a.m.
European shares closed higher, as gains from automakers and follow-through from this week's U.S. interest rate cut offset worries about how the ongoing financial markets crisis will play out. 12:28 p.m.
Finland's Stora Enso said it will sell its North American paper-making unit to Cerberus-owned NewPage, in a deal valued at $2.56 billion. 12:34 p.m.
Shell said its Motiva joint venture has formally committed to doubling capacity at its refinery in Port Arthur, Texas, making it the largest refinery in the U.S. 12:00 p.m.
Fortis said it will issue almost 900 million new shares at about $21 a share to help fund its joint bid with RBS and Santander for Dutch bank ABN Amro. It also plans to sell about 10% of its Dutch operations.
Genesco sued to force Finish Line to complete its proposed $1.5 billion takeover of the rival shoe retailer and get UBS to provide promised financing. 11:17 a.m.
Borders is selling its book-retailing operations in the U.K. and Ireland to a London private-equity firm, while retaining a one-sixth stake. 9:51 a.m.
Airstrikes and fighting killed 75 suspected Taliban and at least six civilians in southern Afghanistan, while a suicide car bomb in the capital killed two people, including a French soldier. 9:59 a.m.
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Middle Eastern governments are demonstrating their clout in global financial markets as oil prices soar.
Prime Minister Gordon Brown's open investment policy runs counter to more protectionist stances in the U.S. and much of Europe. Backers credit it with spurring growth, but critics question the long-term cost.
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![[Designer Dinners]](/was/20100322163935im_/http://online.wsj.com/public/resources/images/it_cook-redwine09162005160024.gif){kind=small}
During the past few years, fashion and luxury brands have added restaurants or cafés to their lengthening menu of high-priced wares. We sampled the menus and checked five restaurants run by Milan's designer royalty.
Hundreds of urban planners and environmental activists plan to set up tiny "parks" in metered parking spaces across the U.S. in an effort to raise awareness about the lack of open public space in urban areas.
Sin never goes out of style, but confession is undergoing a revival. Aggressive marketing by churches has helped reinvent confession as a form of self-improvement rather than a punitive rite.
Despite the summer's market turmoil, Goldman topped analysts' expectations. The trouble is, these results don't just put its competitors to shame, but the firm's flagship hedge fund, Global Alpha, too.
As oil prices soar, Middle Eastern governments are demonstrating their clout in global financial markets -- but doing so with a new political savvy.
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Norman Hsu used political fund-raising to lift his profile and to find investors for illegal Ponzi schemes, federal prosecutors said.
To win jaded travelers, safari operators are taking tourists on controversial "tracking" tours. The idea: A conventional safari is exciting, but following dangerous animals on foot is heart-stopping.
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