Consumer confidence sags while housing remains shaky
February 23, 2010
NEW YORK (Reuters) - U.S. consumer confidence sagged to a 10-month low on worries about jobs while the housing market remains under strain, data revealed on Tuesday, underscoring the fragility of the economy's recovery.
February 23, 2010
NEW YORK (Reuters) - U.S. consumer confidence sagged to a 10-month low on worries about jobs while the housing market remains under strain, data revealed on Tuesday, underscoring the fragility of the economy's recovery.
Toyota vows quality shake-up, faces criminal probe
February 23, 2010
WASHINGTON (Reuters) - A top Toyota Motor Corp U.S. executive promised a quality shake-up on Tuesday as the Obama administration said it would hold the carmaker's chief to a pledge to address safety issues after massive recalls.
February 23, 2010
WASHINGTON (Reuters) - A top Toyota Motor Corp U.S. executive promised a quality shake-up on Tuesday as the Obama administration said it would hold the carmaker's chief to a pledge to address safety issues after massive recalls.
Buffett-backed BYD eyes big overseas drive
February 23, 2010
SHENZHEN, China (Reuters) - BYD Co Ltd , a Chinese car and battery maker founded by China's wealthiest man and backed by U.S. billionaire Warren Buffett, aims to boost its car exports this year as it feeds what it hopes will be improving demand in a recovering global economy.
February 23, 2010
SHENZHEN, China (Reuters) - BYD Co Ltd , a Chinese car and battery maker founded by China's wealthiest man and backed by U.S. billionaire Warren Buffett, aims to boost its car exports this year as it feeds what it hopes will be improving demand in a recovering global economy.
Greek bourse starts trade despite protest
February 23, 2010
ATHENS (Reuters) - Greek shares began trading on time on Tuesday, unaffected by a leftist trade union protest that sought to disrupt the session by blocking the entrance to the Hellenic Exchanges building.
February 23, 2010
ATHENS (Reuters) - Greek shares began trading on time on Tuesday, unaffected by a leftist trade union protest that sought to disrupt the session by blocking the entrance to the Hellenic Exchanges building.
Brookfield eyeing bid for General Growth stake
February 23, 2010
NEW YORK (Reuters) - Canada's Brookfield Asset Management Inc is preparing to bid for a large stake in No. 2 U.S. mall owner General Growth Properties Inc , aiming to outbid Simon Property Group Inc , the Wall Street Journal reported on Monday.
February 23, 2010
NEW YORK (Reuters) - Canada's Brookfield Asset Management Inc is preparing to bid for a large stake in No. 2 U.S. mall owner General Growth Properties Inc , aiming to outbid Simon Property Group Inc , the Wall Street Journal reported on Monday.
NY says Wall St bonuses up 17 percent to $20.3B
February 23, 2010
NEW YORK (Reuters) - Wall Street paid out $20.3 billion of bonuses in 2009, up 17 percent from a year earlier, New York State's comptroller said, as the financial industry recovered fitfully from a near meltdown.
February 23, 2010
NEW YORK (Reuters) - Wall Street paid out $20.3 billion of bonuses in 2009, up 17 percent from a year earlier, New York State's comptroller said, as the financial industry recovered fitfully from a near meltdown.
Stock futures drop as economy eyed ahead of data
February 23, 2010
NEW YORK (Reuters) - U.S. stock index futures dropped on Tuesday after an unexpected fall in German business confidence rattled markets, as investors braced for reports on housing and consumer sentiment in the United States.
February 23, 2010
NEW YORK (Reuters) - U.S. stock index futures dropped on Tuesday after an unexpected fall in German business confidence rattled markets, as investors braced for reports on housing and consumer sentiment in the United States.
Target quarterly profit tops estimates
February 23, 2010
SAN FRANCISCO (Reuters) - Target Corp on Tuesday reported higher quarterly profit as the No. 2 U.S. discount retailer avoided the drastic clearance sales that crimped results in its holiday quarter a year ago.
February 23, 2010
SAN FRANCISCO (Reuters) - Target Corp on Tuesday reported higher quarterly profit as the No. 2 U.S. discount retailer avoided the drastic clearance sales that crimped results in its holiday quarter a year ago.
Medtronic quarterly profit up 19 percent
February 23, 2010
CHICAGO (Reuters) - Medtronic Inc on Tuesday reported a 19 percent rise in quarterly profit on higher sales of its implantable devices to treat heart disease, diabetes and other chronic disorders.
February 23, 2010
CHICAGO (Reuters) - Medtronic Inc on Tuesday reported a 19 percent rise in quarterly profit on higher sales of its implantable devices to treat heart disease, diabetes and other chronic disorders.
Home Depot profit beats Street; outlook strong
February 23, 2010
NEW YORK (Reuters) - Home Depot's quarterly results trumped estimates as demand for home renovations perked up, and the top home improvement chain forecast a fiscal-year profit above analysts' estimates.
February 23, 2010
NEW YORK (Reuters) - Home Depot's quarterly results trumped estimates as demand for home renovations perked up, and the top home improvement chain forecast a fiscal-year profit above analysts' estimates.
Macy’s swings to profit; shares slip
February 23, 2010
CHICAGO (Reuters) - Macy's Inc posted better-than-expected quarterly profit on Tuesday and forecast same-store sales growth this year of 1 percent to 2 percent.
February 23, 2010
CHICAGO (Reuters) - Macy's Inc posted better-than-expected quarterly profit on Tuesday and forecast same-store sales growth this year of 1 percent to 2 percent.
Toyota vows quality shake-up
February 23, 2010
TOKYO/WASHINGTON (Reuters) - A top Toyota Motor Corp U.S. executive promised a quality shake-up on Tuesday as the Obama administration said it would hold the carmaker's head to a pledge to address safety issues after massive recalls.
February 23, 2010
TOKYO/WASHINGTON (Reuters) - A top Toyota Motor Corp U.S. executive promised a quality shake-up on Tuesday as the Obama administration said it would hold the carmaker's head to a pledge to address safety issues after massive recalls.
Stocks inch up with banks, Fed caution drags
February 22, 2010
NEW YORK (Reuters) - U.S. stocks edged higher on Monday as takeover news and gains in bank shares on hopes of a regulatory reprieve were offset by uncertainty over the Federal Reserve's policy intentions.
February 22, 2010
NEW YORK (Reuters) - U.S. stocks edged higher on Monday as takeover news and gains in bank shares on hopes of a regulatory reprieve were offset by uncertainty over the Federal Reserve's policy intentions.
Toyota memo raises stakes for CEO’s hearings
February 22, 2010
TOKYO/WASHINGTON (Reuters) - A document claiming Toyota Motor Corp saved over $100 million by getting U.S. regulators to agree a cheap fix for unintended acceleration problems raised pressure on the company's president as he arrived in Washington to prepare for a grilling from congress.
February 22, 2010
TOKYO/WASHINGTON (Reuters) - A document claiming Toyota Motor Corp saved over $100 million by getting U.S. regulators to agree a cheap fix for unintended acceleration problems raised pressure on the company's president as he arrived in Washington to prepare for a grilling from congress.
Stocks edge lower as Fed outlook, Greece debt weighs
February 22, 2010
NEW YORK (Reuters) - U.S. stocks fell on Monday as markets continue to assess the implications of the Federal Reserves' move to increase emergency borrowing rates for banks and Greece's debt issues remain unresolved.
February 22, 2010
NEW YORK (Reuters) - U.S. stocks fell on Monday as markets continue to assess the implications of the Federal Reserves' move to increase emergency borrowing rates for banks and Greece's debt issues remain unresolved.
Lowe’s sees sales rising in 2010; shares up
February 22, 2010
NEW YORK (Reuters) - No. 2 U.S. home improvement chain Lowe's Cos reported better-than-expected quarterly results and said sales would improve in 2010 as demand for remodeling projects picks up.
February 22, 2010
NEW YORK (Reuters) - No. 2 U.S. home improvement chain Lowe's Cos reported better-than-expected quarterly results and said sales would improve in 2010 as demand for remodeling projects picks up.
Schlumberger: Gas drill growth in Smith deal
February 22, 2010
NEW YORK (Reuters) - Schlumberger Ltd said it expected to win a greater share of shale gas drilling with its planned acquisition of rival oilfield services company Smith International .
February 22, 2010
NEW YORK (Reuters) - Schlumberger Ltd said it expected to win a greater share of shale gas drilling with its planned acquisition of rival oilfield services company Smith International .
Fed’s Yellen: U.S. economy still needs ultra-low rates
February 22, 2010
SAN DIEGO (Reuters) - The U.S. economy still needs extraordinarily low interest rates, as inflation is "undesirably low" and growth will likely be sluggish for several years, a top Federal Reserve official said Monday.
February 22, 2010
SAN DIEGO (Reuters) - The U.S. economy still needs extraordinarily low interest rates, as inflation is "undesirably low" and growth will likely be sluggish for several years, a top Federal Reserve official said Monday.
Bharti lines up $9B in loans for Zain Africa
February 22, 2010
NEW DELHI (Reuters) - India's Bharti Airtel has lined up $9 billion in loans from foreign and local banks for its planned acquisition of the African assets of Kuwait's Zain , the Economic Times reported on Monday.
February 22, 2010
NEW DELHI (Reuters) - India's Bharti Airtel has lined up $9 billion in loans from foreign and local banks for its planned acquisition of the African assets of Kuwait's Zain , the Economic Times reported on Monday.
Pilots ground Lufthansa in its longest strike
February 22, 2010
FRANKFURT (Reuters) - Fearing potential staff cuts, Lufthansa's high-paid German pilots took to the picket lines on Monday, plunging the airline into its longest ever strike and forcing the carrier to cancel hundreds of flights.
February 22, 2010
FRANKFURT (Reuters) - Fearing potential staff cuts, Lufthansa's high-paid German pilots took to the picket lines on Monday, plunging the airline into its longest ever strike and forcing the carrier to cancel hundreds of flights.