Fed seeks to calm markets after discount rate
February 19, 2010
WASHINGTON/MEMPHIS, Tennessee (Reuters) - Federal Reserve officials moved to calm speculation that a surprise rise in its emergency lending rate could bring forward broader policy tightening, saying borrowing costs in the economy would stay low.
February 19, 2010
WASHINGTON/MEMPHIS, Tennessee (Reuters) - Federal Reserve officials moved to calm speculation that a surprise rise in its emergency lending rate could bring forward broader policy tightening, saying borrowing costs in the economy would stay low.
Financial reform bill next week in Senate
February 19, 2010
WASHINGTON/PANAMA CITY (Reuters) - Efforts to tighten U.S. financial regulation advanced on Thursday, with a new bipartisan bill expected next week from two key senators who were working on it while traveling together in Panama.
February 19, 2010
WASHINGTON/PANAMA CITY (Reuters) - Efforts to tighten U.S. financial regulation advanced on Thursday, with a new bipartisan bill expected next week from two key senators who were working on it while traveling together in Panama.
Former BofA CEO Lewis was briefed on disclosure
February 19, 2010
NEW YORK (Reuters) - Former Bank of America Chief Executive Kenneth Lewis said he was briefed twice on his company's decision not to disclose rising losses at Merrill Lynch & Co, before the bank's takeover of Merrill was put before shareholders.
February 19, 2010
NEW YORK (Reuters) - Former Bank of America Chief Executive Kenneth Lewis said he was briefed twice on his company's decision not to disclose rising losses at Merrill Lynch & Co, before the bank's takeover of Merrill was put before shareholders.
Toyota head prepares for Congress on recalls
February 19, 2010
TOKYO/WASHINGTON (Reuters) - The head of Toyota Motor Corp bowed to pressure to testify before U.S. lawmakers and explain the company's safety crisis, becoming the highest profile Japanese executive to face such a grilling from Congress.
February 19, 2010
TOKYO/WASHINGTON (Reuters) - The head of Toyota Motor Corp bowed to pressure to testify before U.S. lawmakers and explain the company's safety crisis, becoming the highest profile Japanese executive to face such a grilling from Congress.
Americans doubt their stock-market savvy
February 19, 2010
NEW YORK (Reuters) - Fewer than two in 10 Americans are confident of their ability to invest in the stock market, although 60 percent still believe equities are important in a portfolio.
February 19, 2010
NEW YORK (Reuters) - Fewer than two in 10 Americans are confident of their ability to invest in the stock market, although 60 percent still believe equities are important in a portfolio.
Stock futures pare losses after CPI data
February 19, 2010
NEW YORK (Reuters) - Stock index futures pared losses on Friday after government data showed consumer prices rose less than expected in January.
February 19, 2010
NEW YORK (Reuters) - Stock index futures pared losses on Friday after government data showed consumer prices rose less than expected in January.
Consumer prices up less than expected
February 19, 2010
WASHINGTON (Reuters) - Consumer prices rose less than expected in January, while prices excluding food and energy fell for the first time since 1982, according to a government report on Friday that soothed worries inflation pressures were starting to build up.
February 19, 2010
WASHINGTON (Reuters) - Consumer prices rose less than expected in January, while prices excluding food and energy fell for the first time since 1982, according to a government report on Friday that soothed worries inflation pressures were starting to build up.
JC Penney margins make up for low sales
February 19, 2010
NEW YORK (Reuters) - U.S. department store operator J.C. Penney Co Inc reported a higher-than-expected fourth-quarter profit as improved margins from cost-cutting and leaner inventories more than offset soft mall traffic and disappointing holiday sales, sending its shares up 4.4 percent.
February 19, 2010
NEW YORK (Reuters) - U.S. department store operator J.C. Penney Co Inc reported a higher-than-expected fourth-quarter profit as improved margins from cost-cutting and leaner inventories more than offset soft mall traffic and disappointing holiday sales, sending its shares up 4.4 percent.
U.S. department stores in fight for market share
February 19, 2010
NEW YORK (Reuters) - U.S. department stores are by and large set to report far better earnings in the coming week than they did a year ago in the thick of retail meltdown.
February 19, 2010
NEW YORK (Reuters) - U.S. department stores are by and large set to report far better earnings in the coming week than they did a year ago in the thick of retail meltdown.
EU should spell out Greek support
February 18, 2010
ATHENS (Reuters) - The European Union should be more specific on how it would support Greece in a crisis, to help lower the highly indebted country's borrowing costs now, Greek Finance Minister George Papaconstantinou said on Thursday.
February 18, 2010
ATHENS (Reuters) - The European Union should be more specific on how it would support Greece in a crisis, to help lower the highly indebted country's borrowing costs now, Greek Finance Minister George Papaconstantinou said on Thursday.
Jobless, price data fan concerns on economy
February 18, 2010
WASHINGTON (Reuters) - The number of U.S. workers filing new applications for unemployment insurance unexpectedly surged last week, while producer prices increased sharply in January, raising potential hurdles for the economy's recovery.
February 18, 2010
WASHINGTON (Reuters) - The number of U.S. workers filing new applications for unemployment insurance unexpectedly surged last week, while producer prices increased sharply in January, raising potential hurdles for the economy's recovery.
Wal-Mart holiday sales dip
February 18, 2010
SAN FRANCISCO (Reuters) - Wal-Mart Stores Inc posted a drop in holiday sales at U.S. stores and gave a disappointing profit outlook, casting doubt on its ability to keep shoppers won in the recession.
February 18, 2010
SAN FRANCISCO (Reuters) - Wal-Mart Stores Inc posted a drop in holiday sales at U.S. stores and gave a disappointing profit outlook, casting doubt on its ability to keep shoppers won in the recession.
Documents prove Toyota concealed evidence, lawyer says
February 18, 2010
LOS ANGELES (Reuters) - A House panel on Thursday subpoenaed confidential company documents that a former Toyota lawyer has said proves the automaker routinely concealed evidence from the courts and federal regulators, a committee staffer said.
February 18, 2010
LOS ANGELES (Reuters) - A House panel on Thursday subpoenaed confidential company documents that a former Toyota lawyer has said proves the automaker routinely concealed evidence from the courts and federal regulators, a committee staffer said.
Microsoft steps up search assault on Google
February 18, 2010
SEATTLE (Reuters) - Microsoft Corp's assault on search engine leader Google Inc took a major step forward on Thursday as U.S. and European regulators cleared the software company's search partnership with Yahoo Inc.
February 18, 2010
SEATTLE (Reuters) - Microsoft Corp's assault on search engine leader Google Inc took a major step forward on Thursday as U.S. and European regulators cleared the software company's search partnership with Yahoo Inc.
Wall Street , focusing on signs of recovery, rises
February 18, 2010
NEW YORK (Reuters) - U.S. stocks rose on Thursday as investors viewed earnings and favorable brokerage comments on companies and some economic data as signs that an economic rebound will continue.
February 18, 2010
NEW YORK (Reuters) - U.S. stocks rose on Thursday as investors viewed earnings and favorable brokerage comments on companies and some economic data as signs that an economic rebound will continue.
Senate panel mulls watered down "Volcker rule"
February 18, 2010
WASHINGTON (Reuters) - Senate Banking Committee members are considering a watered down version of the 'Volcker rule' unveiled last month by the Obama administration to curb risk-taking by banks, sources familiar with the panel's thinking said on Thursday.
February 18, 2010
WASHINGTON (Reuters) - Senate Banking Committee members are considering a watered down version of the 'Volcker rule' unveiled last month by the Obama administration to curb risk-taking by banks, sources familiar with the panel's thinking said on Thursday.
General Growth eyeing public capital raise: source
February 18, 2010
NEW YORK (Reuters) - General Growth Properties , the No. 2 U.S. mall owner, is looking to raise $1 billion to $2 billion from public markets to fund its exit from bankruptcy, a source familiar with the situation said on Thursday.
February 18, 2010
NEW YORK (Reuters) - General Growth Properties , the No. 2 U.S. mall owner, is looking to raise $1 billion to $2 billion from public markets to fund its exit from bankruptcy, a source familiar with the situation said on Thursday.
Ex-UBS exec to pay $2.75 million, settles Cuomo claims
February 18, 2010
NEW YORK (Reuters) - A former top UBS AG fixed-income executive has agreed to pay $2.75 million to settle a probe by New York Attorney General Andrew Cuomo into insider trading of auction-rate securities.
February 18, 2010
NEW YORK (Reuters) - A former top UBS AG fixed-income executive has agreed to pay $2.75 million to settle a probe by New York Attorney General Andrew Cuomo into insider trading of auction-rate securities.
Google’s books plan hailed, reviled
February 18, 2010
NEW YORK (Reuters) - Google Inc was lauded as a visionary intent on spreading the world's knowledge and reviled as a copyright infringer cavalier about protecting users' privacy in a hearing on Thursday to discuss its plan to digitize millions of books.
February 18, 2010
NEW YORK (Reuters) - Google Inc was lauded as a visionary intent on spreading the world's knowledge and reviled as a copyright infringer cavalier about protecting users' privacy in a hearing on Thursday to discuss its plan to digitize millions of books.
Wall Street flat, data show mixed signs
February 18, 2010
NEW YORK (Reuters) - Stocks were little changed on Thursday as a mixed set of economic data and a weak outlook from Wal-Mart pointed to the fragility of the recovery.
February 18, 2010
NEW YORK (Reuters) - Stocks were little changed on Thursday as a mixed set of economic data and a weak outlook from Wal-Mart pointed to the fragility of the recovery.