Bank of Japan seen on hold as Fed cuts rates: Reuters Business News - MSN Money

Bank of Japan seen on hold as Fed cuts rates: Reuters Business News - MSN Money
Although the Japanese central bank has been aching to boost Japanese interest rates from current low levels investors think it will have to let things lie for now in light of growing economic risks at home and around the globe. Instead the focus is on Governor Toshihiko Fukui’s comments and whether a lone dissenter on the policy board has changed his mind after backing rate hikes at recent rate reviews.

Lehman net falls less than expected: Reuters Business News - MSN Money

Lehman net falls less than expected: Reuters Business News - MSN Money
The results soothed investors concerned that the widening U.S. subprime mortgage and credit crisis would wallop investment bank earnings.

NBA hires local Microsoft boss to lead China push: Reuters Business News - MSN Money

NBA hires local Microsoft boss to lead China push: Reuters Business News - MSN Money
The NBA said Timothy Chen would head a new subsidiary that will fold in all of the league’s businesses in Greater China. Microsoft said on its Web site that its global vice president Zhang Yaqin would act as Greater China chief while it sought a permanent replacement for Taiwan-born Chen.