TOKYO, April 11 (Reuters) - Mizuho Financial Group Inc (8411.T) said it expected 400 billion yen ($3.9 billion) of subprime-related trading losses at its unlisted brokerage, Mizuho Securities, for the year to March 2008.
Mizuho Financial, Japan's second-largest bank, also revised down its net profit forecast for the year by more than a third to 310 billion yen. [ID:nT11DMWOW5] ($1=101.77 Yen) (Reporting by David Dolan; Editing by Rodney Joyce)
STOCKHOLM (Reuters) - U.S. carmaker Ford said it expected to close a deal to sell Volvo Cars to China's Zhejiang Geely in the second quarter of 2010, in the latest in a string of deals between Asian and Western carmakers.
Data security breaches are nasty business and should be avoided at all costs, writes Kevin Prince, a chief technology officer at Perimeter e-Security. Here's a look at the biggest breaches and blunders of 2009. Commentary
For most Americans, the housing market collapsed about four years ago. For three real estate heavyweights, it's just getting started. Full Article
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