ARIZONA COMPANIES - European shares hit 3-wk closing low; banks drop - Forbes ARIZONA COMPANIES - European shares hit 3-wk closing low; banks drop - Forbes

Tuesday, February 17, 2009

ARIZONA COMPANIES - European shares hit 3-wk closing low; banks drop - Forbes

LONDON, Feb 17 (Reuters) - European shares fell to their lowest close in three weeks on Tuesday, with banks down on worries of further losses and the impact of a recession in emerging Europe and energy stocks tracking lower oil prices. The in BUSINESS NEWS >

NEW YORK (AP) - Shares of Ameren Corp. slid on Tuesday after the energy utility company reported a sharp drop in its fourth-quarter profit and slashed its dividend by nearly 40 percent in effort to preserve cash. Ameren shares shed $4.90, or 15.3 in BUSINESS NEWS >

NEW YORK (Reuters) - John Malone's Liberty Media Corp has agreed to lend $530 million to Sirius XM Radio Inc in exchange for a 40 percent equity stake, saving the satellite radio provider from possible bankruptcy and sending its shares up 100 percent in BUSINESS NEWS >

LONDON, Feb 17 (Reuters) - European shares hit a two-week low in morning trade on Tuesday, as banks slid on persistent concerns about their balance sheets and fears they might need more state help, while weaker crude prices pressured oil stocks. At in BUSINESS NEWS >

NEW YORK (Reuters) - John Malone's Liberty Media Corp has agreed to lend $530 million to Sirius XM Radio Inc in exchange for a 40 percent equity stake, saving the satellite radio provider from possible bankruptcy and sending its shares up 100 percent in BUSINESS NEWS >

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