Quote: Caterpillar
October 22, 2010
October 22, 2010
Along with an upbeat earnings report, Caterpillar Inc. offered an update of its forecast for the global economy.
For Whom The Housing Boomed
June 14, 2010 by Jeff Cunningham
Harlem and 42nd St. benefited from rise in property values and good leadership.
June 14, 2010 by Jeff Cunningham
Harlem and 42nd St. benefited from rise in property values and good leadership.
Accounting gimmicks in Lehman demise
March 13, 2010
NEW YORK (Reuters) - Lehman Brothers Holdings Inc used accounting gimmicks and had been insolvent for weeks before it filed for bankruptcy in September 2008, but there was not extensive wrongdoing, a court-appointed examiner has found.
March 13, 2010
NEW YORK (Reuters) - Lehman Brothers Holdings Inc used accounting gimmicks and had been insolvent for weeks before it filed for bankruptcy in September 2008, but there was not extensive wrongdoing, a court-appointed examiner has found.
Markets turn negative after sentiment data
March 12, 2010
NEW YORK (Reuters) - U.S. stocks turned lower on Friday, as a weaker-than-forecast reading on consumer sentiment outweighed an unexpected increase in retail sales.
March 12, 2010
NEW YORK (Reuters) - U.S. stocks turned lower on Friday, as a weaker-than-forecast reading on consumer sentiment outweighed an unexpected increase in retail sales.
Retail sales rise as shoppers fight winter blues
March 12, 2010
WASHINGTON (Reuters) - U.S. retail sales rose unexpectedly last month despite heavy snow storms and a drop in vehicle purchases by consumers spooked by Toyota recalls, bolstering hopes of a sustainable economic recovery.
March 12, 2010
WASHINGTON (Reuters) - U.S. retail sales rose unexpectedly last month despite heavy snow storms and a drop in vehicle purchases by consumers spooked by Toyota recalls, bolstering hopes of a sustainable economic recovery.
CF finally nabs Terra after Yara walks
March 12, 2010
NEW YORK/OSLO (Reuters) - Fertilizer maker CF Industries Holdings Inc on Friday agreed to buy rival Terra Industries Inc for more than $4.6 billion in cash and stock after Norwegian rival Yara International ASA decided not to raise its offer for Terra.
March 12, 2010
NEW YORK/OSLO (Reuters) - Fertilizer maker CF Industries Holdings Inc on Friday agreed to buy rival Terra Industries Inc for more than $4.6 billion in cash and stock after Norwegian rival Yara International ASA decided not to raise its offer for Terra.
Cheap cigars, politics and the Volcker Rule
March 12, 2010
NEW YORK (Reuters) - In mid-January, a who's who of Wall Street gathered to hear Paul Volcker, the former Federal Reserve chairman whose role in the White House seemed at best unclear.
March 12, 2010
NEW YORK (Reuters) - In mid-January, a who's who of Wall Street gathered to hear Paul Volcker, the former Federal Reserve chairman whose role in the White House seemed at best unclear.
Toyota discounts boost sales
March 12, 2010
DETROIT/WASHINGTON (Reuters) - Unprecedented discounts after a series of damaging recalls boosted Toyota Motor Corp's U.S. sales in early March, as U.S. regulators weighed new auto safety measures.
March 12, 2010
DETROIT/WASHINGTON (Reuters) - Unprecedented discounts after a series of damaging recalls boosted Toyota Motor Corp's U.S. sales in early March, as U.S. regulators weighed new auto safety measures.
KKR files for long-awaited NYSE listing
March 12, 2010
NEW YORK (Reuters) - Private equity firm Kohlberg Kravis Roberts & Co has filed to list its shares on the New York Stock Exchange, moving forward with its two-year effort to become a publicly traded company.
March 12, 2010
NEW YORK (Reuters) - Private equity firm Kohlberg Kravis Roberts & Co has filed to list its shares on the New York Stock Exchange, moving forward with its two-year effort to become a publicly traded company.
Yara exits Terra battle, shares jump
March 12, 2010
OSLO (Reuters) - Norwegian fertilizer group Yara International ASA shied away from raising its offer for Terra Industries Inc to top a rival bid, boosting its shares on Friday but scuppering U.S. expansion plans.
March 12, 2010
OSLO (Reuters) - Norwegian fertilizer group Yara International ASA shied away from raising its offer for Terra Industries Inc to top a rival bid, boosting its shares on Friday but scuppering U.S. expansion plans.
Stock futures add to gains after retail sales
March 12, 2010
NEW YORK (Reuters) - U.S. stock futures added to gains on Friday after data showed retail sales unexpectedly rose in February.
March 12, 2010
NEW YORK (Reuters) - U.S. stock futures added to gains on Friday after data showed retail sales unexpectedly rose in February.
Retail sales unexpectedly rise 0.3 percent
March 12, 2010
WASHINGTON (Reuters) - Sales at U.S. retailers rose unexpectedly in February despite a drop in vehicle purchases and inclement weather that was expected to curtail shopping, according to a government report on Friday that bolstered hopes of a sustainable economic recovery.
March 12, 2010
WASHINGTON (Reuters) - Sales at U.S. retailers rose unexpectedly in February despite a drop in vehicle purchases and inclement weather that was expected to curtail shopping, according to a government report on Friday that bolstered hopes of a sustainable economic recovery.
AnnTaylor posts surprise quarterly profit
March 12, 2010
NEW YORK (Reuters) - Women's clothing retailer AnnTaylor Stores Corp reported a surprise quarterly profit on Friday, helped by tight inventory management and improved merchandise.
March 12, 2010
NEW YORK (Reuters) - Women's clothing retailer AnnTaylor Stores Corp reported a surprise quarterly profit on Friday, helped by tight inventory management and improved merchandise.
Wells Fargo eyes end to Baltimore mortgage lawsuit
March 12, 2010
NEW YORK (Reuters) - Wells Fargo & Co may be moving toward a settlement of Baltimore's lawsuit accusing it of steering minority borrowers to expensive home loans.
March 12, 2010
NEW YORK (Reuters) - Wells Fargo & Co may be moving toward a settlement of Baltimore's lawsuit accusing it of steering minority borrowers to expensive home loans.
Obama to tap Yellen for Fed vice chair
March 12, 2010
WASHINGTON (Reuters) - President Barack Obama plans to nominate San Francisco Federal Reserve Bank President Janet Yellen, a respected policy dove, to be vice chairman of the central bank, a source familiar with the process said on Thursday.
March 12, 2010
WASHINGTON (Reuters) - President Barack Obama plans to nominate San Francisco Federal Reserve Bank President Janet Yellen, a respected policy dove, to be vice chairman of the central bank, a source familiar with the process said on Thursday.
Wall Street dips on China concerns, but banks rise
March 11, 2010
NEW YORK (Reuters) - Worries that China may move to cool its overheating economy weighed down U.S. stocks on Thursday, but rising bank shares kept the market near break even.
March 11, 2010
NEW YORK (Reuters) - Worries that China may move to cool its overheating economy weighed down U.S. stocks on Thursday, but rising bank shares kept the market near break even.
Exxon boosts 2010 capital spending to $28B
March 11, 2010
NEW YORK (Reuters) - Exxon Mobil Corp will increase capital spending nearly 4 percent this year to $28 billion in part as the largest U.S. oil company seeks to increase its share of the global market for natural gas.
March 11, 2010
NEW YORK (Reuters) - Exxon Mobil Corp will increase capital spending nearly 4 percent this year to $28 billion in part as the largest U.S. oil company seeks to increase its share of the global market for natural gas.
Fed seen keeping "extended period" low rate vow
March 11, 2010
WASHINGTON (Reuters) - Lingering U.S. labor market weakness and nagging doubts about the solidity of the economic recovery are expected to keep the Federal Reserve committed to holding borrowing costs very low for a long time at a monetary policy meeting next week.
March 11, 2010
WASHINGTON (Reuters) - Lingering U.S. labor market weakness and nagging doubts about the solidity of the economic recovery are expected to keep the Federal Reserve committed to holding borrowing costs very low for a long time at a monetary policy meeting next week.
Jobless claims fall, trade gap narrows on oil
March 11, 2010
WASHINGTON (Reuters) - The number of U.S. workers filing new claims for unemployment benefits fell only slightly last week, indicating that rapid job growth would probably continue to elude the economy for a while.
March 11, 2010
WASHINGTON (Reuters) - The number of U.S. workers filing new claims for unemployment benefits fell only slightly last week, indicating that rapid job growth would probably continue to elude the economy for a while.
Citigroup sees return to sustained profitability
March 11, 2010
NEW YORK (Reuters) - Citigroup Inc Chief Executive Vikram Pandit told investors on Thursday that the bank is on track to return to sustained profitability, and that losses from some of its worst assets should be manageable if the economy does not deteriorate.
March 11, 2010
NEW YORK (Reuters) - Citigroup Inc Chief Executive Vikram Pandit told investors on Thursday that the bank is on track to return to sustained profitability, and that losses from some of its worst assets should be manageable if the economy does not deteriorate.