Fed optimistic on changing Wall St pay
February 25, 2010
WASHINGTON (Reuters) - The Federal Reserve expects the largest U.S. banks to make progress this year in overhauling their pay practices, while acknowledging that more dramatic changes may take longer to implement, a Fed official said on Thursday.
February 25, 2010
WASHINGTON (Reuters) - The Federal Reserve expects the largest U.S. banks to make progress this year in overhauling their pay practices, while acknowledging that more dramatic changes may take longer to implement, a Fed official said on Thursday.
Weak data raises worries about recovery
February 25, 2010
WASHINGTON (Reuters) - Demand for a wide range of U.S. manufactured goods unexpectedly fell in January, while new applications for jobless benefits rose again last week, the latest data to suggest a step back in the economy's recovery.
February 25, 2010
WASHINGTON (Reuters) - Demand for a wide range of U.S. manufactured goods unexpectedly fell in January, while new applications for jobless benefits rose again last week, the latest data to suggest a step back in the economy's recovery.
Apple’s Jobs: Must think "big"
February 25, 2010
CUPERTINO, Calif (Reuters) - Apple Inc CEO Steve Jobs said his company has to "think big" and its $40 billion cash hoard offers flexibility, suggesting that he had no immediate plans to spend the money on a share buyback or dividend.
February 25, 2010
CUPERTINO, Calif (Reuters) - Apple Inc CEO Steve Jobs said his company has to "think big" and its $40 billion cash hoard offers flexibility, suggesting that he had no immediate plans to spend the money on a share buyback or dividend.
Stocks slip on economic worries, Greece weighs
February 25, 2010
NEW YORK (Reuters) - U.S. stocks fell on Thursday but were off session lows after weak employment and durable goods data added to recent worries about the strength of the economic recovery.
February 25, 2010
NEW YORK (Reuters) - U.S. stocks fell on Thursday but were off session lows after weak employment and durable goods data added to recent worries about the strength of the economic recovery.
Wall Street tumbles on economic worries, Greece weighs
February 25, 2010
NEW YORK (Reuters) - U.S. stocks suffered their biggest decline in three weeks on Thursday after weak employment and durable goods data added to recent worries about the strength of the economic recovery.
February 25, 2010
NEW YORK (Reuters) - U.S. stocks suffered their biggest decline in three weeks on Thursday after weak employment and durable goods data added to recent worries about the strength of the economic recovery.
Durable orders ex-transport slip, jobs weak
February 25, 2010
WASHINGTON (Reuters) - Demand for a wide range of U.S. manufactured goods unexpectedly fell in January, while new applications for jobless benefits rose again last week, suggesting a step back in the economic recovery.
February 25, 2010
WASHINGTON (Reuters) - Demand for a wide range of U.S. manufactured goods unexpectedly fell in January, while new applications for jobless benefits rose again last week, suggesting a step back in the economic recovery.
Coke to buy North American bottling operations
February 25, 2010
NEW YORK (Reuters) - Coca-Cola Co said on Thursday that it planned to buy the North American operations of its largest bottler, Coca-Cola Enterprises Inc , in a substantially cashless deal that would let it cut costs and be more flexible in its distribution.
February 25, 2010
NEW YORK (Reuters) - Coca-Cola Co said on Thursday that it planned to buy the North American operations of its largest bottler, Coca-Cola Enterprises Inc , in a substantially cashless deal that would let it cut costs and be more flexible in its distribution.
RBS loss shrinks, calls bad debt peak
February 25, 2010
LONDON (Reuters) - Royal Bank of Scotland posted the largest 2009 loss of its European peers but shrank from record-breaking levels, despite a sharp jump in bad debts which it says may now have peaked.
February 25, 2010
LONDON (Reuters) - Royal Bank of Scotland posted the largest 2009 loss of its European peers but shrank from record-breaking levels, despite a sharp jump in bad debts which it says may now have peaked.
GE to sell $3.3B stake in Garant
February 25, 2010
ISTANBUL (Reuters) - General Electric Co (GE) will sell its $3.3 billion stake in Turkey's Garanti Bank, GE Money sources said on Thursday, a move which could offer a rare chance to buy into Turkey's resilient bank sector.
February 25, 2010
ISTANBUL (Reuters) - General Electric Co (GE) will sell its $3.3 billion stake in Turkey's Garanti Bank, GE Money sources said on Thursday, a move which could offer a rare chance to buy into Turkey's resilient bank sector.
Haggling delays 3.5B euro A400M bail-out
February 25, 2010
PALMA DE MAJORCA, Spain (Reuters) - After agreeing to pump in 3.5 billion euros ($4.7 billion) to save the troubled Airbus A400M military plane project, the buyer nations have postponed a final deal after haggling over loans and jobs.
February 25, 2010
PALMA DE MAJORCA, Spain (Reuters) - After agreeing to pump in 3.5 billion euros ($4.7 billion) to save the troubled Airbus A400M military plane project, the buyer nations have postponed a final deal after haggling over loans and jobs.
Microsoft wins court approval to topple "botnet"
February 25, 2010
(Reuters) - Software giant Microsoft Corp has won a U.S. court approval to deactivate a global network of computers that the company accused of spreading spam and harmful computer codes, the Wall Street Journal said.
February 25, 2010
(Reuters) - Software giant Microsoft Corp has won a U.S. court approval to deactivate a global network of computers that the company accused of spreading spam and harmful computer codes, the Wall Street Journal said.
Jobless claims rise unexpectedly
February 25, 2010
WASHINGTON (Reuters) - The number of workers who filed initial claims for unemployment benefits rose unexpectedly in the latest week to 496,000, a U.S. Labor Department report showed on Thursday.
February 25, 2010
WASHINGTON (Reuters) - The number of workers who filed initial claims for unemployment benefits rose unexpectedly in the latest week to 496,000, a U.S. Labor Department report showed on Thursday.
Durable goods orders surge in January
February 25, 2010
WASHINGTON (Reuters) - New orders for long-lasting U.S. manufactured goods rose more than expected in January as civilian aircraft bookings soared, but slipped excluding transportation, government data showed on Thursday.
February 25, 2010
WASHINGTON (Reuters) - New orders for long-lasting U.S. manufactured goods rose more than expected in January as civilian aircraft bookings soared, but slipped excluding transportation, government data showed on Thursday.
Swiss shun untaxed cash, seek fix to "black money"
February 25, 2010
BERNE (Reuters) - Switzerland said it would no longer accept untaxed money into its banks as it tries to ease pressure on its $2 trillion offshore banking industry from key trading partners seeking to boost tax revenues.
February 25, 2010
BERNE (Reuters) - Switzerland said it would no longer accept untaxed money into its banks as it tries to ease pressure on its $2 trillion offshore banking industry from key trading partners seeking to boost tax revenues.
Stock futures lower on Greece downgrade fears
February 25, 2010
NEW YORK (Reuters) - U.S. stock index futures fell on Thursday after rating agencies said they may downgrade Greece's sovereign debt, reigniting concerns over possible defaults in the euro zone.
February 25, 2010
NEW YORK (Reuters) - U.S. stock index futures fell on Thursday after rating agencies said they may downgrade Greece's sovereign debt, reigniting concerns over possible defaults in the euro zone.
Geithner repeats call for financial reform bill
February 24, 2010
WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner on Wednesday repeated his call for Congress to pass financial reform legislation that curbs risk-taking by big financial firms and ensures they can absorb their own losses.
February 24, 2010
WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner on Wednesday repeated his call for Congress to pass financial reform legislation that curbs risk-taking by big financial firms and ensures they can absorb their own losses.
New home sales hit record low
February 24, 2010
WASHINGTON (Reuters) - Sales of newly built single-family homes unexpectedly fell to a record low in January, according to government data on Wednesday that hinted at potential trouble for the fragile housing market recovery.
February 24, 2010
WASHINGTON (Reuters) - Sales of newly built single-family homes unexpectedly fell to a record low in January, according to government data on Wednesday that hinted at potential trouble for the fragile housing market recovery.
Apple holds annual meeting as stock seeks catalyst
February 24, 2010
SAN FRANCISCO (Reuters) - Apple Inc Chief Executive Steve Jobs will hold his annual face-to-face meeting with shareholders on Thursday, and there will be no shortage of questions for a company famously stingy with information.
February 24, 2010
SAN FRANCISCO (Reuters) - Apple Inc Chief Executive Steve Jobs will hold his annual face-to-face meeting with shareholders on Thursday, and there will be no shortage of questions for a company famously stingy with information.
Wall Street up after Bernanke interest rates comments
February 24, 2010
NEW YORK (Reuters) - U.S. stocks advanced on Wednesday after Federal Reserve Chairman Ben Bernanke reaffirmed his commitment to keep interest rates low for an extended period.
February 24, 2010
NEW YORK (Reuters) - U.S. stocks advanced on Wednesday after Federal Reserve Chairman Ben Bernanke reaffirmed his commitment to keep interest rates low for an extended period.
Bernanke to outline exit path to skeptical Congress
February 24, 2010
NEW YORK (Reuters) - Ben Bernanke may have cleared the hurdles to his confirmation for a second term as Federal Reserve chairman, but that does not mean lawmakers will be any friendlier to him at high-profile hearings on Wednesday and Thursday.
February 24, 2010
NEW YORK (Reuters) - Ben Bernanke may have cleared the hurdles to his confirmation for a second term as Federal Reserve chairman, but that does not mean lawmakers will be any friendlier to him at high-profile hearings on Wednesday and Thursday.