Home purchase loan demand lowest since ’97
February 24, 2010
NEW YORK (Reuters) - U.S. mortgage applications fell for a third straight week, with demand for home purchase loans sinking to the lowest level in 13 years as inclement weather weighed, data from an industry group showed on Wednesday.
February 24, 2010
NEW YORK (Reuters) - U.S. mortgage applications fell for a third straight week, with demand for home purchase loans sinking to the lowest level in 13 years as inclement weather weighed, data from an industry group showed on Wednesday.
Citi in advanced talks to sell hedge business
February 24, 2010
NEW YORK (Reuters) - New York-based SkyBridge Capital is in advanced talks to purchase Citigroup Inc's $4 billion hedge fund business, according to the Wall Street Journal.
February 24, 2010
NEW YORK (Reuters) - New York-based SkyBridge Capital is in advanced talks to purchase Citigroup Inc's $4 billion hedge fund business, according to the Wall Street Journal.
World trade contracted 12 percent in 2009
February 24, 2010
BRUSSELS (Reuters) - Global trade contracted by about 12 percent in 2009 but has started to pick up, the head of the World Trade Organization (WTO) said on Wednesday.
February 24, 2010
BRUSSELS (Reuters) - Global trade contracted by about 12 percent in 2009 but has started to pick up, the head of the World Trade Organization (WTO) said on Wednesday.
Democrats: Say goodbye to Wall Street?
February 24, 2010
WASHINGTON (Reuters) - U.S. banks and investment firms transferred their political contributions to Republicans in 2009 as Democrats in Washington put the focus on big bonuses, huge profits and tight lending, The Washington Post reported on Wednesday.
February 24, 2010
WASHINGTON (Reuters) - U.S. banks and investment firms transferred their political contributions to Republicans in 2009 as Democrats in Washington put the focus on big bonuses, huge profits and tight lending, The Washington Post reported on Wednesday.
Google execs convicted in Italy for Down syndrome video
February 24, 2010
MILAN (Reuters) - A Milan court has convicted three Google Inc executives for the 2006 transmission of a video showing the bullying of a youth with Down syndrome, the judge in the case told Reuters on Wednesday.
February 24, 2010
MILAN (Reuters) - A Milan court has convicted three Google Inc executives for the 2006 transmission of a video showing the bullying of a youth with Down syndrome, the judge in the case told Reuters on Wednesday.
Stock futures higher ahead of Bernanke testimony
February 24, 2010
NEW YORK (Reuters) - U.S. stock index futures rose on Wednesday as investors awaited congressional testimony from Federal Reserve Chairman Ben Bernanke for clues to the U.S. central bank's thinking on the economy.
February 24, 2010
NEW YORK (Reuters) - U.S. stock index futures rose on Wednesday as investors awaited congressional testimony from Federal Reserve Chairman Ben Bernanke for clues to the U.S. central bank's thinking on the economy.
Reuters sees 2010 revenue flat to slightly down
February 24, 2010
NEW YORK (Reuters) - News and information provider Thomson Reuters Corp reported a lower quarterly profit and signaled that financial customer losses in 2009 would continue to hurt revenue in the current year.
February 24, 2010
NEW YORK (Reuters) - News and information provider Thomson Reuters Corp reported a lower quarterly profit and signaled that financial customer losses in 2009 would continue to hurt revenue in the current year.
Google execs convicted for Down’s video
February 24, 2010
MILAN (Reuters) - A Milan court convicted three Google Inc executives on Wednesday for violating the privacy of an Italian boy with Down's syndrome by letting a video of him being bullied be posted on the site in 2006.
February 24, 2010
MILAN (Reuters) - A Milan court convicted three Google Inc executives on Wednesday for violating the privacy of an Italian boy with Down's syndrome by letting a video of him being bullied be posted on the site in 2006.
Wall Street tumbles with consumer confidence
February 23, 2010
NEW YORK (Reuters) - A worse-than-expected drop in consumer confidence pushed U.S. stocks lower on Tuesday as investors worried over what remains one of the weakest areas of the economy.
February 23, 2010
NEW YORK (Reuters) - A worse-than-expected drop in consumer confidence pushed U.S. stocks lower on Tuesday as investors worried over what remains one of the weakest areas of the economy.
Apologetic Toyota vows safety shake-up
February 23, 2010
WASHINGTON (Reuters) - Toyota Motor Corp promised a quality shake-up and apologized for safety mistakes that it blamed on rapid growth, as two days of congressional hearings crucial to the automaker's reputation got under way on Tuesday.
February 23, 2010
WASHINGTON (Reuters) - Toyota Motor Corp promised a quality shake-up and apologized for safety mistakes that it blamed on rapid growth, as two days of congressional hearings crucial to the automaker's reputation got under way on Tuesday.
Greenspan: U.S. recovery "extremely unbalanced"
February 23, 2010
WASHINGTON (Reuters) - Former Federal Reserve Chairman Alan Greenspan said on Tuesday the U.S. economic recovery was "extremely unbalanced," driven largely by high earners benefiting from recovering stock markets and large corporations.
February 23, 2010
WASHINGTON (Reuters) - Former Federal Reserve Chairman Alan Greenspan said on Tuesday the U.S. economic recovery was "extremely unbalanced," driven largely by high earners benefiting from recovering stock markets and large corporations.
Two Fed banks wanted discount rate hike in mid-Jan
February 23, 2010
WASHINGTON (Reuters) - Two regional Federal Reserve banks led by more hawkish policymakers began a push to raise the discount rate for Fed emergency bank loans in mid-January, according to minutes of a Fed board meeting released on Tuesday.
February 23, 2010
WASHINGTON (Reuters) - Two regional Federal Reserve banks led by more hawkish policymakers began a push to raise the discount rate for Fed emergency bank loans in mid-January, according to minutes of a Fed board meeting released on Tuesday.
Retail results improve but consumers still wary
February 23, 2010
CHICAGO (Reuters) - For retailers that sell everything from toilet paper to refrigerators, 2010 may be more about winning sales from competitors than about getting consumers to buy a lot more of their merchandise.
February 23, 2010
CHICAGO (Reuters) - For retailers that sell everything from toilet paper to refrigerators, 2010 may be more about winning sales from competitors than about getting consumers to buy a lot more of their merchandise.
Consumer confidence sags on jobs worry
February 23, 2010
NEW YORK (Reuters) - Consumer confidence sagged to a 10-month low this month on worries about jobs and fears gridlock in Washington could hinder efforts to restart employment, curbing the economic recovery.
February 23, 2010
NEW YORK (Reuters) - Consumer confidence sagged to a 10-month low this month on worries about jobs and fears gridlock in Washington could hinder efforts to restart employment, curbing the economic recovery.
White House recommits to "Volcker rule" trade ban
February 23, 2010
WASHINGTON (Reuters) - The Obama administration said on Tuesday it is still committed to the "Volcker rule" to ban risky trading by banks, although Congress looks increasingly unlikely to adopt the rule as proposed.
February 23, 2010
WASHINGTON (Reuters) - The Obama administration said on Tuesday it is still committed to the "Volcker rule" to ban risky trading by banks, although Congress looks increasingly unlikely to adopt the rule as proposed.
Target profit rises in holiday quarter
February 23, 2010
SAN FRANCISCO (Reuters) - Target Corp posted a quarterly profit slightly above Wall Street expectations, but investors had hoped for a bigger improvement and shares fell 1 percent.
February 23, 2010
SAN FRANCISCO (Reuters) - Target Corp posted a quarterly profit slightly above Wall Street expectations, but investors had hoped for a bigger improvement and shares fell 1 percent.
How long can the U.S. dollar defy gravity?
February 23, 2010
NEW YORK/WASHINGTON (Reuters) - The only time the U.S. dollar ever took a serious shellacking in the marketplace, the wounds were almost entirely self-inflicted.
February 23, 2010
NEW YORK/WASHINGTON (Reuters) - The only time the U.S. dollar ever took a serious shellacking in the marketplace, the wounds were almost entirely self-inflicted.
Stocks fall after weak consumer sentiment data
February 23, 2010
NEW YORK (Reuters) - U.S. stocks fell on Tuesday as consumer sentiment dropped sharply and house prices unexpectedly dipped, denting optimism about a economic recovery.
February 23, 2010
NEW YORK (Reuters) - U.S. stocks fell on Tuesday as consumer sentiment dropped sharply and house prices unexpectedly dipped, denting optimism about a economic recovery.
EADS awaits A400M, tanker decisions; shares rise
February 23, 2010
PARIS (Reuters) - Airbus parent EADS faced crucial decisions on transalantic defense projects worth $60 billion on Tuesday, as its shares rose on hopes its troubled efforts to diversify from jetliners would finally be unblocked.
February 23, 2010
PARIS (Reuters) - Airbus parent EADS faced crucial decisions on transalantic defense projects worth $60 billion on Tuesday, as its shares rose on hopes its troubled efforts to diversify from jetliners would finally be unblocked.
Europe aims to cut 60 billion euros of oil, gas imports
February 23, 2010
BRUSSELS (Reuters) - The European Union's energy strategy could cut a total 60 billion euros ($81.5 billion) off the bloc's oil and gas imports over the next decade, a leaked document from the EU executive shows.
February 23, 2010
BRUSSELS (Reuters) - The European Union's energy strategy could cut a total 60 billion euros ($81.5 billion) off the bloc's oil and gas imports over the next decade, a leaked document from the EU executive shows.