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AMSTERDAM, Netherlands - A consortium led by Royal Bank of Scotland PLC is all but certain to acquire ABN Amro Holding NV in the largest takeover in the history of the financial industry, signaling the likely end for one of Europe’s largest banks.
 
An $88.1 billion cash-and-share offer from rival Barclays PLC was withdrawn Friday in […]

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NEWARK, N.J. - Topps Meat Co. on Friday said it was closing its business, six days after it was forced to issue the second-largest beef recall in U.S. history and 67 years after it first opened its doors.
 
The decision will cost 87 people their jobs, Topps said.
On Sept. 25 Topps began recalling frozen hamburger patties […]

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NEW YORK - Investment bank Merrill Lynch & Co. said Friday credit and mortgage woes will lead it to post a third-quarter loss, as it takes almost $5 billion in writedowns in the wake of a credit crunch that paralyzed Wall Street this summer.
 
The bulk of the losses will come from marking down the value […]

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NEW YORK (Reuters) - Merrill Lynch & Co (MER.N), Washington Mutual Inc (WM.N) and Sovereign Bancorp Inc (SOV.N) on Friday became the latest banks to take big writedowns on mortgages and other credit-related losses, but their shares rose on hopes the worst was over.
 
Following similar warnings earlier this week from Citigroup Inc (C.N), UBS (UBSN.VX) […]

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WASHINGTON - Republican presidential contenders on Friday scolded Congress for extravagant spending of tax dollars, and Rudy Giuliani blamed the issue for GOP losses in last year’s elections.
 
“We lost control of Congress because we were just like the Democrats as far as spending is concerned — shame on us,” Giuliani told the anti-tax group Americans […]

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