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Madoff gets the max

Jun. 29filed under Business News
CNNMoney NOW Videos
Independent U.K. banks prosper

HSBC and Barclays report relatively strong profit compared to the bailed-out RBS and a restructuring Lloyds.

China boosts gasoline prices

Top planning body raises pump price 7%, to its highest level ever, to reflect the increasing cost of crude.

Kraft's hostile bid for Cadbury

The $16 billion takeover attempt sends Cadbury shares lower.

RBS continues to lose billions

U.K. government-owned bank reports an operating loss of $2.5 billion, 50% less than the previous quarter.

Australia boosts growth forecast

The Reserve Bank of Australia expects the economy to grow 1.75% in 2009 and 3.25% in 2010.

Bank of England holds steady

The major central bank keeps its key interest rate at crisis level lows.

Toyota posts surprise profit

World's largest automaker makes $242 million in the latest quarter, but still projects a loss for the full fiscal year.

Societe Generale doubles profit

Investment banking growth lifts third-quarter earnings to $627 million.

China growth forecast raised

The World Bank now expects economy to expand 8.4% in 2009 and 8.7% in 2010.

UK to take 84% stake in RBS

But the government will not take majority control at Lloyds Banking Group after restructuring.

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