HP raises 2010 outlook as results beat Street view
February 18, 2010
SAN FRANCISCO (Reuters) - Hewlett-Packard Co posted better-than-expected results on strong server and personal computer sales and a resurgence in its printing business, and the company raised its full-year outlook.
February 18, 2010
SAN FRANCISCO (Reuters) - Hewlett-Packard Co posted better-than-expected results on strong server and personal computer sales and a resurgence in its printing business, and the company raised its full-year outlook.
Citi unit sale hits snag in final stages: sources
February 18, 2010
NEW YORK/LONDON (Reuters) - The planned sale of Citigroup's real estate asset management arm has hit a snag after some of the unit's clients refused to give their blessing to a disposal, sources told Reuters.
February 18, 2010
NEW YORK/LONDON (Reuters) - The planned sale of Citigroup's real estate asset management arm has hit a snag after some of the unit's clients refused to give their blessing to a disposal, sources told Reuters.
Calpers names firms not responding on placement agents
February 18, 2010
OAKLAND, California (Reuters) - Calpers, the biggest U.S. public pension fund, released late on Wednesday a list of 11 firms with which it has invested that did not reply to its request for information on their use of placement agents, who are at the center of a probe of New York's pension fund.
February 18, 2010
OAKLAND, California (Reuters) - Calpers, the biggest U.S. public pension fund, released late on Wednesday a list of 11 firms with which it has invested that did not reply to its request for information on their use of placement agents, who are at the center of a probe of New York's pension fund.
Daimler scraps dividend after 2009 loss
February 18, 2010
STUTTGART, Germany (Reuters) - German carmaker Daimler scrapped its dividend for the first time in 14 years after it swung to a worse-than-expected 2009 net loss, sending shares down to their lowest level in five months.
February 18, 2010
STUTTGART, Germany (Reuters) - German carmaker Daimler scrapped its dividend for the first time in 14 years after it swung to a worse-than-expected 2009 net loss, sending shares down to their lowest level in five months.
Amazon launches free Kindle app for Blackberry
February 18, 2010
(Reuters) - Amazon.com said on Thursday it is launching a new free Kindle application that will give customers access to over 420,000 books on a range of BlackBerry devices.
February 18, 2010
(Reuters) - Amazon.com said on Thursday it is launching a new free Kindle application that will give customers access to over 420,000 books on a range of BlackBerry devices.
Swiss Re capital boost to ease Buffett repayment
February 18, 2010
ZURICH (Reuters) - The world's second-largest reinsurer, Swiss Re , was more confident it could repay a costly convertible loan from Warren Buffett after strengthening its capital and returning to the black in 2009.
February 18, 2010
ZURICH (Reuters) - The world's second-largest reinsurer, Swiss Re , was more confident it could repay a costly convertible loan from Warren Buffett after strengthening its capital and returning to the black in 2009.
Futures add losses after jobs, PPI data
February 18, 2010
NEW YORK (Reuters) - Stock index futures added to losses on Thursday after weekly jobless claims and January producer price inflation data.
February 18, 2010
NEW YORK (Reuters) - Stock index futures added to losses on Thursday after weekly jobless claims and January producer price inflation data.
Jobless claims unexpectedly jump last week
February 18, 2010
WASHINGTON (Reuters) - The number of U.S. workers filing new applications for unemployment insurance unexpectedly surged last week, a government report showed on Thursday, dealing a setback to hopes the economy was on the verge of job growth.
February 18, 2010
WASHINGTON (Reuters) - The number of U.S. workers filing new applications for unemployment insurance unexpectedly surged last week, a government report showed on Thursday, dealing a setback to hopes the economy was on the verge of job growth.
Wal-Mart holiday sales fall, forecast light
February 18, 2010
SAN FRANCISCO (Reuters) - Wal-Mart Stores Inc said sales at its existing U.S. namesake stores fell during the holiday quarter and forecast results for the current quarter that could miss Wall Street estimates.
February 18, 2010
SAN FRANCISCO (Reuters) - Wal-Mart Stores Inc said sales at its existing U.S. namesake stores fell during the holiday quarter and forecast results for the current quarter that could miss Wall Street estimates.
Wall Street edges up on earnings, data
February 17, 2010
NEW YORK (Reuters) - Stocks edged higher on Wednesday as stronger-than-expected earnings from companies including Deere & Co and upbeat economic data more than offset a decline in commodity-related shares.
February 17, 2010
NEW YORK (Reuters) - Stocks edged higher on Wednesday as stronger-than-expected earnings from companies including Deere & Co and upbeat economic data more than offset a decline in commodity-related shares.
Toyota chief sidesteps Congress as pressure mounts
February 17, 2010
DETROIT/TOKYO (Reuters) - Toyota Motor Corp President Akio Toyoda said on Wednesday he has no plans to testify before U.S. investigators, setting the stage for a possible showdown over a safety crisis that has rocked the automaker's reputation and results.
February 17, 2010
DETROIT/TOKYO (Reuters) - Toyota Motor Corp President Akio Toyoda said on Wednesday he has no plans to testify before U.S. investigators, setting the stage for a possible showdown over a safety crisis that has rocked the automaker's reputation and results.
China seen allowing stronger yuan in 2010
February 17, 2010
WASHINGTON (Reuters) - Beijing is likely to let its currency begin rising in value again this year in response to growing pressures at home and abroad, two U.S. private sector specialists on China said on Wednesday.
February 17, 2010
WASHINGTON (Reuters) - Beijing is likely to let its currency begin rising in value again this year in response to growing pressures at home and abroad, two U.S. private sector specialists on China said on Wednesday.
For Apple suppliers, loose lips can sink contracts
February 17, 2010
LONGHUA, China /TAIPEI (Reuters) - The massive manufacturing complex in the South China city of Longhua resembles an industrial fortress. To enter the facility, workers swipe security cards at the gate. Guards check the occupants of each vehicle with fingerprint recognition scanners.
February 17, 2010
LONGHUA, China /TAIPEI (Reuters) - The massive manufacturing complex in the South China city of Longhua resembles an industrial fortress. To enter the facility, workers swipe security cards at the gate. Guards check the occupants of each vehicle with fingerprint recognition scanners.
Fed officials pondering debt sales, minutes show
February 17, 2010
WASHINGTON (Reuters) - Several Federal Reserve policymakers want to begin selling securities relatively soon as a way to cut back their massive supply of cash to the financial system, the central bank said on Wednesday.
February 17, 2010
WASHINGTON (Reuters) - Several Federal Reserve policymakers want to begin selling securities relatively soon as a way to cut back their massive supply of cash to the financial system, the central bank said on Wednesday.
Wall Street higher on Deere earnings, housing
February 17, 2010
NEW YORK (Reuters) - Wall Street stocks rose on Wednesday, boosted by strong results from farm equipment maker Deere & Co, and data showing housing starts rebounded more strongly than expected.
February 17, 2010
NEW YORK (Reuters) - Wall Street stocks rose on Wednesday, boosted by strong results from farm equipment maker Deere & Co, and data showing housing starts rebounded more strongly than expected.
Walgreens to buy Duane Reade chain for $1B
February 17, 2010
NEW YORK (Reuters) - Drugstore chain Walgreen Co said on Wednesday it plans to buy New York-based rival Duane Reade from private equity firm Oak Hill Capital Partners in a deal worth $1.075 billion, including the assumption of Duane Reade's debt.
February 17, 2010
NEW YORK (Reuters) - Drugstore chain Walgreen Co said on Wednesday it plans to buy New York-based rival Duane Reade from private equity firm Oak Hill Capital Partners in a deal worth $1.075 billion, including the assumption of Duane Reade's debt.
Buffett’s Berkshire cuts Conoco, J&J, P&G stakes
February 17, 2010
NEW YORK (Reuters) - Warren Buffett's Berkshire Hathaway Inc reported lower stakes in ConocoPhillips, Johnson & Johnson and Procter & Gamble Co in the fourth quarter, reducing several of its biggest investments as it prepared to complete its takeover of railroad company Burlington Northern Santa Fe Corp.
February 17, 2010
NEW YORK (Reuters) - Warren Buffett's Berkshire Hathaway Inc reported lower stakes in ConocoPhillips, Johnson & Johnson and Procter & Gamble Co in the fourth quarter, reducing several of its biggest investments as it prepared to complete its takeover of railroad company Burlington Northern Santa Fe Corp.
Mortgage applications fell in latest week
February 17, 2010
NEW YORK (Reuters) - Applications for U.S. home mortgages fell slightly last week even as interest rates held near record low levels below 5 percent, an industry group said on Wednesday.
February 17, 2010
NEW YORK (Reuters) - Applications for U.S. home mortgages fell slightly last week even as interest rates held near record low levels below 5 percent, an industry group said on Wednesday.
Retirement savings rate held steady
February 17, 2010
BOSTON (Reuters) - Americans kept their retirement savings rates steady in 2009 as the economy recovered slowly and a rallying stock market helped boost the overall value of their accounts, a study released on Wednesday shows.
February 17, 2010
BOSTON (Reuters) - Americans kept their retirement savings rates steady in 2009 as the economy recovered slowly and a rallying stock market helped boost the overall value of their accounts, a study released on Wednesday shows.
Humana cutting workforce by 1,400 jobs in 2010
February 17, 2010
NEW YORK (Reuters) - Health insurer Humana Inc is reducing its workforce by about 1,400 jobs, or 5 percent, during 2010 to align the size of the company with its membership.
February 17, 2010
NEW YORK (Reuters) - Health insurer Humana Inc is reducing its workforce by about 1,400 jobs, or 5 percent, during 2010 to align the size of the company with its membership.