Wachovia posts loss, will raise $7 bln capital and slash payout

Date: Mon, 14 Apr 2008 16:01:03 (GMT)

Wachovia posts loss, will raise $7 bln capital and slash payout

Wachovia Corp cuts dividend, sets plans to raise $7 billion.

Delta-Northwest merger may take shape this week
SAN FRANCISCO
After a week of negotiations, Delta Air Lines and Northwest Airlines may
be set to reveal merger plans as early as Tuesday, according to a media
report Sunday.

Blockbuster offers to buy Circuit City at 54% premium

Blockbuster Inc. said it proposed to buy Circuit City for $6 to $8 a
share.

Danone sales rise 19% on baby food deal, yogurt demand

Groupe Danone, the world's largest yogurt maker, says first-quarter
sales rise 19%, boosted by the acquisition of baby-food giant Royal
Numico and strong demand for its Activia yogurts.