Kirin makes buy-out approach for brewer Lion Nathan

MELBOURNE/TOKYO (Reuters) – Japanese brewer Kirin Holdings is seeking a buy out of Australia’s No.2 brewer, Lion Nathan Ltd , in a deal shareholders said could be worth at least A$3.3 billion ($2.3 billion).

Obama to prod credit card firms on fee practices

WASHINGTON (Reuters) – President Barack Obama will weigh in on Thursday on the lending practices of U.S. credit card companies, an issue that has triggered an outcry from consumers hit with high fees and interest rates.

Lewis testified that U.S. urged silence on Merrill deal: report

(Reuters) – Bank of America Corp Chief Executive Kenneth Lewis testified under oath that U.S. Federal Reserve Chairman Ben Bernanke and then-Treasury Secretary Henry Paulson pressured the bank to not discuss its plan to buy Merrill Lynch & Co, the Wall Street Journal said.

Money: Post Budget, 23rd April 09

The day after the budget we are set to discuss the government’s proposed borrowing of a record 175 billion pounds. In a year’s time, high flyers who earn over 150K will be taxed half of any thing they get over that amount. Barclays shareholders discuss points at their AGM today. Also, the government announces 750m pounds towards greener technologies.

"Banker to the poor" gives New York women a boost

NEW YORK (Reuters) – Nobel Peace Prize winner Muhammad Yunus, known as the “banker to the poor” for making small loans in impoverished countries, is now doing business in the center of capitalism — New York City.

Pushing laws to make 401(k) plans safer

U.S. Rep. Rob Andrews (D., N.J.), who chairs a House labor subcommittee, is helping rewrite the laws for 401(k) retirement plans after the stock market wiped out so many middle-class investors’ savings. Andrews is pushing bills, some of which were

Finance sector fears hit Japan stocks, yen firms

HONG KONG (Reuters) – Japanese shares fell on Thursday as worries about the health of the global financial sector flared again after a larger-than-expected loss from Morgan Stanley and a report that top Japanese broker Nomura had also fallen deeply into the red.

Echelon, T-Mobile USA form smart meter alliance

NEW YORK (Reuters) – Smart power grid company Echelon Corp and T-Mobile USA said on Thursday they had formed an alliance to use T-Mobile’s wireless network to link “smart meters” to utilities.