Middle East slump in investment banking

Investment banking revenue tumbled 45 per cent to $103m in the first three months as the global financial crisis and a slowing trickle of petrodollars took its toll on Gulf states

U.S. House acts to protect credit card users

WASHINGTON (Reuters) – The U.S. House of Representatives overwhelmingly voted on Thursday in favor of legislation to protect credit card users from hidden fees, sudden interest rate hikes and questionable billing practices.

U.S. Senate rejects easing mortgages in bankruptcy

WASHINGTON (Reuters) – The U.S. Senate on Thursday rejected an amendment that would have given bankruptcy judges the power to ease a homeowner’s monthly payments and prevent foreclosure.

Travelers screened at Mexico-U.S. border for flu

BROWNSVILLE, Texas (Reuters) – Mexican doctors in surgical masks screened travelers crossing the border by foot into the United States on Thursday for signs of a new deadly flu strain that has killed up to 176 people.

FACTBOX-Chrysler’s 20 largest unsecured claims

DETROIT, April 30 (Reuters) – Chrysler filed for Chapter 11
bankruptcy protection in New York on Thursday after debt
restructuring talks broke down. Here are some facts about
Chrysler’s largest unsecured claims.

WRAPUP 11-Chrysler files for bankruptcy; inks Fiat deal

* Ford and GM shares close higher
(Adds details on ownership structure, Canadian restructuring,
closing share prices)

Not scared of flu yet? Online exhibit may help

WASHINGTON (Reuters) – Staying inside to avoid the flu? Or perhaps you are not convinced yet that a pandemic would be scary. Either way, the U.S. National Archives has a solution.

UPDATE 1-Alcoa selling business to Platinum Equity

NEW YORK, April 30 (Reuters) – Aluminum producer Alcoa Inc
said on Thursday it agreed to sell its wire harness and
electrical distribution business to Platinum Equity, a
California-based private equity group.