Mali Business News

Pfizer announced on Thursday it completed its acquisition of pharmaceutical rival Wyeth, a 68 billion dollar deal that cements its positions as the world's biggest drug manufacturer. Pfizer, the maker of Viagra for erectile dysfunction and Lipitor for cholesterol, got...

Fitch Ratings assigns a 'A-' rating to Bexar Metropolitan Water District, Texas' (the district) waterworks system revenue refunding bonds, series 2009. The bonds will be sold via negotiation on Oct. 27, 2009. Fitch also affirms the following bonds issued by...

Ford Motor Co. said Tuesday it has completed its previously announced plan to extend the maturity of $7.2 billion in loans to November 30, 2013 from December 15, 2011. Ford's lenders will convert $724 million of the existing revolving loans...

This copy is for your personal, non-commercial use only...American International Group Inc. and its former chief executive, Maurice R. "Hank" Greenberg, are in advanced talks to resolve various long-standing legal fights, which could include AIG paying for any future settlement...

Stocks finished mostly lower Tuesday after fluctuating sharply as investors digested mixed reports on home prices and consumer confidence. The market opened higher after the release of a widely followed index that showed home prices in 20 cities rose 1%...

A rally in the mining sector has pushed the Footsie to its highest level of 2009, on a morning when gold also hit another record high. Randgold Resources , the gold producer with mines across Africa, is leading the risers...

Billionaire investor Carl Icahn, who had challenged CIT Group Inc's restructuring plan, said on Friday he was now backing the company's pre-packaged bankruptcy and would provide an additional $1 billion in credit to the lender. The cash-strapped commercial lender that...

The country's second-largest railroad, Burlington Northern Santa Fe Corp., said Thursday its third-quarter earnings dropped 30 percent because people still weren't buying more goods in stores and industrial production continued to sputter. More Business But much lower costs for fuel...

CIT said in a statement that the bondholder loan, which was arranged by Bank of America Merrill Lynch , would supplement a $3 billion loan it received from several large investors in late August. The announcement was made one day...