GM must raise share of Opel costs to get aid
February 22, 2010
FRANKFURT/BERLIN (Reuters) - General Motors should raise its share of the reorganization costs for its European arm Opel in order to get state aid from Germany, Handelsblatt newspaper reported on Monday, citing German government sources.
February 22, 2010
FRANKFURT/BERLIN (Reuters) - General Motors should raise its share of the reorganization costs for its European arm Opel in order to get state aid from Germany, Handelsblatt newspaper reported on Monday, citing German government sources.
Japan finance minister needles BOJ on inflation targeting
February 22, 2010
TOKYO (Reuters) - Japan's Finance Minister Naoto Kan reiterated his desire to target inflation, setting up a clash with the Bank of Japan over how best to pull the country out of deflation.
February 22, 2010
TOKYO (Reuters) - Japan's Finance Minister Naoto Kan reiterated his desire to target inflation, setting up a clash with the Bank of Japan over how best to pull the country out of deflation.
Earnings, M&A lift Wall Street stock futures
February 22, 2010
NEW YORK (Reuters) - U.S. stock index futures rose on Monday after Schlumberger agreed to buy Smith International for $11.34 billion in stock and Lowe's Co. posted better-than-expected earnings, indicating increased confidence among corporate managers and consumers.
February 22, 2010
NEW YORK (Reuters) - U.S. stock index futures rose on Monday after Schlumberger agreed to buy Smith International for $11.34 billion in stock and Lowe's Co. posted better-than-expected earnings, indicating increased confidence among corporate managers and consumers.
Campbell 2nd-quarter U.S. soup sales down
February 22, 2010
CHICAGO (Reuters) - Campbell Soup Co's soup sales fell 8 percent in the United States during the key late fall and winter months, with the more expensive ready-to-serve line the hardest hit.
February 22, 2010
CHICAGO (Reuters) - Campbell Soup Co's soup sales fell 8 percent in the United States during the key late fall and winter months, with the more expensive ready-to-serve line the hardest hit.
Schlumberger buying Smith Int’l in $11.3B deal
February 22, 2010
NEW YORK (Reuters) - Schlumberger Ltd agreed to buy Smith International in a $11.34 billion all-stock deal that will boost the oilfield services leader's revenue to double that of its nearest rival.
February 22, 2010
NEW YORK (Reuters) - Schlumberger Ltd agreed to buy Smith International in a $11.34 billion all-stock deal that will boost the oilfield services leader's revenue to double that of its nearest rival.
Lowe’s results top view; sees higher 2010 sales
February 22, 2010
NEW YORK (Reuters) - Lowe's Cos Inc reported better-than-expected quarterly results on rising lumber prices and demand for appliances, and the No. 2 U.S. home improvement chain forecast a sales rise in 2010.
February 22, 2010
NEW YORK (Reuters) - Lowe's Cos Inc reported better-than-expected quarterly results on rising lumber prices and demand for appliances, and the No. 2 U.S. home improvement chain forecast a sales rise in 2010.
Reviewers urge Glaxo to pull Avandia
February 21, 2010
WASHINGTON (Reuters) - Two U.S. drug safety reviewers have recommended that GlaxoSmithKline PLC's diabetes drug Avandia be pulled from the market after concluding it is more dangerous to the heart than a rival medicine, according to documents released on Saturday.
February 21, 2010
WASHINGTON (Reuters) - Two U.S. drug safety reviewers have recommended that GlaxoSmithKline PLC's diabetes drug Avandia be pulled from the market after concluding it is more dangerous to the heart than a rival medicine, according to documents released on Saturday.
Bernanke, retailers hold key for stocks
February 21, 2010
NEW YORK (Reuters) - Wall Street could keep rallying after notching its best week this year if Federal Reserve Chairman Ben Bernanke gives a reassuring assessment of the recovery and retail earnings show improvement.
February 21, 2010
NEW YORK (Reuters) - Wall Street could keep rallying after notching its best week this year if Federal Reserve Chairman Ben Bernanke gives a reassuring assessment of the recovery and retail earnings show improvement.
General Growth sued by shareholder
February 21, 2010
CHICAGO (Reuters) - A General Growth Properties Inc shareholder has filed suit against the company's directors, saying they should not have rejected Simon Property Group Inc's buyout offer of $10 billion, Bloomberg News reported on Saturday.
February 21, 2010
CHICAGO (Reuters) - A General Growth Properties Inc shareholder has filed suit against the company's directors, saying they should not have rejected Simon Property Group Inc's buyout offer of $10 billion, Bloomberg News reported on Saturday.
Oracle CEO optimistic on quick Sun profit potential
February 21, 2010
SAN FRANCISCO (Reuters) - Oracle Corp Chief Executive Larry Ellison said on Saturday he expected Sun Microsystems, the unprofitable hardware maker that he bought last month for $7.5 billion, to be making a profit soon.
February 21, 2010
SAN FRANCISCO (Reuters) - Oracle Corp Chief Executive Larry Ellison said on Saturday he expected Sun Microsystems, the unprofitable hardware maker that he bought last month for $7.5 billion, to be making a profit soon.
Icelandic PM optimistic on new Icesave deal
February 21, 2010
REYKJAVIK (Reuters) - Iceland's Prime Minister said on Saturday that a new Icesave debt repayment deal from Britain and the Netherlands would considerably ease the island nation's financial burden, state radio reported.
February 21, 2010
REYKJAVIK (Reuters) - Iceland's Prime Minister said on Saturday that a new Icesave debt repayment deal from Britain and the Netherlands would considerably ease the island nation's financial burden, state radio reported.
UK regulator files $3.3B Nortel claim
February 21, 2010
TORONTO (Reuters) - A British pension fund regulator has filed a claim for 2.1 billion pounds ($3.3 billion) against failed telecom equipment giant Nortel Networks Corp, Canada's Globe and Mail newspaper reported on Saturday.
February 21, 2010
TORONTO (Reuters) - A British pension fund regulator has filed a claim for 2.1 billion pounds ($3.3 billion) against failed telecom equipment giant Nortel Networks Corp, Canada's Globe and Mail newspaper reported on Saturday.
Hard to know where dollar headed
February 21, 2010
CLEVELAND (Reuters) - So many variables affect the value of the dollar that it is hard to know where the greenback is headed, Cleveland Federal Reserve Bank President Sandra Pianalto said on Saturday.
February 21, 2010
CLEVELAND (Reuters) - So many variables affect the value of the dollar that it is hard to know where the greenback is headed, Cleveland Federal Reserve Bank President Sandra Pianalto said on Saturday.
Bernanke, retailers hold key for stocks
February 20, 2010
NEW YORK (Reuters) - Wall Street could keep rallying after notching its best week this year if Federal Reserve Chairman Ben Bernanke gives a reassuring assessment of the recovery and retail earnings show improvement.
February 20, 2010
NEW YORK (Reuters) - Wall Street could keep rallying after notching its best week this year if Federal Reserve Chairman Ben Bernanke gives a reassuring assessment of the recovery and retail earnings show improvement.
Insurer says gov’t told of Toyota claims in ’04
February 20, 2010
DETROIT/LOS ANGELES (Reuters) - The largest U.S. auto insurer alerted regulators earlier than first believed about a worrying trend of accidents involving Toyota Motor Corp vehicles, while the Obama administration's top transportation official said on Friday he would not relax pressure on the carmaker.
February 20, 2010
DETROIT/LOS ANGELES (Reuters) - The largest U.S. auto insurer alerted regulators earlier than first believed about a worrying trend of accidents involving Toyota Motor Corp vehicles, while the Obama administration's top transportation official said on Friday he would not relax pressure on the carmaker.
Blackstone, Hilton lenders agree on debt
February 20, 2010
NEW YORK (Reuters) - Private equity giant Blackstone Group has come to an agreement to restructure its Hilton hotels chain debt, a source familiar with the situation said on Friday.
February 20, 2010
NEW YORK (Reuters) - Private equity giant Blackstone Group has come to an agreement to restructure its Hilton hotels chain debt, a source familiar with the situation said on Friday.
NY’s Bloomberg moves funds from Quadrangle
February 20, 2010
NEW YORK (Reuters) - Private equity firm Quadrangle Group will no longer be managing the assets of New York City Mayor Michael Bloomberg, who is extracting his funds from the firm, two sources said on Friday.
February 20, 2010
NEW YORK (Reuters) - Private equity firm Quadrangle Group will no longer be managing the assets of New York City Mayor Michael Bloomberg, who is extracting his funds from the firm, two sources said on Friday.
Simon rejects General Growth terms for talks
February 20, 2010
NEW YORK (Reuters) - Simon Property Group Inc said it could not agree to conditions General Growth Properties Inc wanted to impose before talks about Simon's $10 billion bid for the No. 2 U.S. mall owner.
February 20, 2010
NEW YORK (Reuters) - Simon Property Group Inc said it could not agree to conditions General Growth Properties Inc wanted to impose before talks about Simon's $10 billion bid for the No. 2 U.S. mall owner.
Stocks edge up as jitters over Fed move ease
February 19, 2010
NEW YORK (Reuters) - Stocks edged higher in choppy trading on Friday as investors took the Federal Reserve's surprise increase in its discount rate as further evidence the financial system is strengthening.
February 19, 2010
NEW YORK (Reuters) - Stocks edged higher in choppy trading on Friday as investors took the Federal Reserve's surprise increase in its discount rate as further evidence the financial system is strengthening.
Stocks pare losses; Dow turns postive
February 19, 2010
NEW YORK (Reuters) - U.S. stocks pared losses and the Dow briefly turned positive on Friday as worries about a surprise increase in the Federal Reserve's discount rate were offset by optimism about data showing consumer prices rising less than expected in January.
February 19, 2010
NEW YORK (Reuters) - U.S. stocks pared losses and the Dow briefly turned positive on Friday as worries about a surprise increase in the Federal Reserve's discount rate were offset by optimism about data showing consumer prices rising less than expected in January.