Toyota incentives drive March U.S. sales up sharply
March 11, 2010
DETROIT (Reuters) - Sales incentives, including zero-percent financing offers, have boosted Toyota Motor Corp's U.S. sales by nearly 50 percent in early March, an industry tracking service and dealers said on Thursday.
March 11, 2010
DETROIT (Reuters) - Sales incentives, including zero-percent financing offers, have boosted Toyota Motor Corp's U.S. sales by nearly 50 percent in early March, an industry tracking service and dealers said on Thursday.
Bank reform talks fail, Dodd to go solo
March 11, 2010
WASHINGTON (Reuters) - Chances of a broad overhaul of U.S. financial regulation dimmed on Thursday after bipartisan Senate talks collapsed, helping boost bank share prices and jeopardizing a top Obama administration priority.
March 11, 2010
WASHINGTON (Reuters) - Chances of a broad overhaul of U.S. financial regulation dimmed on Thursday after bipartisan Senate talks collapsed, helping boost bank share prices and jeopardizing a top Obama administration priority.
Jobless claims fall, trade gap narrows
March 11, 2010
WASHINGTON (Reuters) - The number of U.S. workers filing new applications for unemployment benefits fell slightly less than expected last week, hinting at a slow labor market recovery.
March 11, 2010
WASHINGTON (Reuters) - The number of U.S. workers filing new applications for unemployment benefits fell slightly less than expected last week, hinting at a slow labor market recovery.
Nasdaq turns positive
March 11, 2010
NEW YORK (Reuters) - The Nasdaq turned positive and the Dow and S&P 500 pared losses on Thursday as big-cap technology shares rose, offsetting worries about money tightening in China.
March 11, 2010
NEW YORK (Reuters) - The Nasdaq turned positive and the Dow and S&P 500 pared losses on Thursday as big-cap technology shares rose, offsetting worries about money tightening in China.
Financial reform deal fails, Dodd to move ahead
March 11, 2010
WASHINGTON (Reuters) - Senator Christopher Dodd said on Thursday that he will present on Monday his own version of a financial reform bill after compromise talks with Senate Republicans broke down.
March 11, 2010
WASHINGTON (Reuters) - Senator Christopher Dodd said on Thursday that he will present on Monday his own version of a financial reform bill after compromise talks with Senate Republicans broke down.
Stock futures down on Chinese CPI, jobless data
March 11, 2010
NEW YORK (Reuters) - U.S. stock index futures were lower on Thursday ahead of a report on weekly jobless claims and after data showed a jump in Chinese inflation.
March 11, 2010
NEW YORK (Reuters) - U.S. stock index futures were lower on Thursday ahead of a report on weekly jobless claims and after data showed a jump in Chinese inflation.
Foreclosures drop for 2nd month in February
March 11, 2010
NEW YORK (Reuters) - U.S. mortgage foreclosure filings dropped for a second straight month in February, and notched the smallest annual increase in four years as housing-rescue efforts contained activity, a report released on Thursday showed.
March 11, 2010
NEW YORK (Reuters) - U.S. mortgage foreclosure filings dropped for a second straight month in February, and notched the smallest annual increase in four years as housing-rescue efforts contained activity, a report released on Thursday showed.
BP to pay Devon $7B for oil fields
March 11, 2010
LONDON (Reuters) - London-based oil major BP has agreed to buy Brazilian, Azeri and Gulf of Mexico assets from Devon Energy for $7 billion, as the U.S. producer refocuses on onshore U.S. fields.
March 11, 2010
LONDON (Reuters) - London-based oil major BP has agreed to buy Brazilian, Azeri and Gulf of Mexico assets from Devon Energy for $7 billion, as the U.S. producer refocuses on onshore U.S. fields.
Airlines recovering strongly, still in red
March 11, 2010
GENEVA (Reuters) - Airlines are recovering strongly from the crisis, as passengers, freight and pricing power return, the airline industry association IATA said on Thursday, halving its forecast for a 2010 loss.
March 11, 2010
GENEVA (Reuters) - Airlines are recovering strongly from the crisis, as passengers, freight and pricing power return, the airline industry association IATA said on Thursday, halving its forecast for a 2010 loss.
Senate passes $149B for jobless aid
March 11, 2010
WASHINGTON (Reuters) - The Senate on Wednesday passed a $149 billion package of jobless aid and tax breaks, as Democrats continued efforts to lower the 9.7 percent unemployment rate before congressional elections in November.
March 11, 2010
WASHINGTON (Reuters) - The Senate on Wednesday passed a $149 billion package of jobless aid and tax breaks, as Democrats continued efforts to lower the 9.7 percent unemployment rate before congressional elections in November.
EADS: No financial hit from U.S. tanker loss
March 11, 2010
PARIS (Reuters) - The apparent loss this week of a U.S. in-flight refueling tanker contract worth up to $50 billion will not affect EADS's finances, the European aerospace group's chief executive said on Thursday.
March 11, 2010
PARIS (Reuters) - The apparent loss this week of a U.S. in-flight refueling tanker contract worth up to $50 billion will not affect EADS's finances, the European aerospace group's chief executive said on Thursday.
Toyota hands over 2006 dissident memo to U.S. panel
March 11, 2010
TOKYO (Reuters) - Toyota Motor said on Thursday it has handed over to a U.S. congressional committee a letter sent to its management by a splinter union in 2006 seeking reforms to improve safety after a recall crisis at the time.
March 11, 2010
TOKYO (Reuters) - Toyota Motor said on Thursday it has handed over to a U.S. congressional committee a letter sent to its management by a splinter union in 2006 seeking reforms to improve safety after a recall crisis at the time.
New jobless claims fall, continued claims up
March 11, 2010
WASHINGTON (Reuters) - The number of U.S. workers filing new applications for unemployment insurance fell slightly less than expected last week, a government report showed on Thursday, hinting at a slow labor market recovery.
March 11, 2010
WASHINGTON (Reuters) - The number of U.S. workers filing new applications for unemployment insurance fell slightly less than expected last week, a government report showed on Thursday, hinting at a slow labor market recovery.
Banks, tech lead Wall Street higher
March 10, 2010
NEW YORK (Reuters) - Bank and technology shares lifted Wall Street on Wednesday on hopes the sectors may be poised for a recovery as the U.S. economy improves.
March 10, 2010
NEW YORK (Reuters) - Bank and technology shares lifted Wall Street on Wednesday on hopes the sectors may be poised for a recovery as the U.S. economy improves.
Markets edge higher after M&A activity
March 10, 2010
NEW YORK (Reuters) - U.S. stocks drifted higher on Wednesday following several merger and acquisition deals, overshadowing an unexpected drop in January wholesale inventories.
March 10, 2010
NEW YORK (Reuters) - U.S. stocks drifted higher on Wednesday following several merger and acquisition deals, overshadowing an unexpected drop in January wholesale inventories.
A decade later, lessons in the Nasdaq collapse
March 10, 2010
SAN FRANCISCO (Reuters) - Ten years ago today, before the dot-com bubble burst, the Nasdaq composite index hit a record 5,132.52 points -- a peak that the technology-heavy market shows no sign of scaling again any time soon.
March 10, 2010
SAN FRANCISCO (Reuters) - Ten years ago today, before the dot-com bubble burst, the Nasdaq composite index hit a record 5,132.52 points -- a peak that the technology-heavy market shows no sign of scaling again any time soon.
Terra says CF’s buyout bid is superior to Yara’s
March 10, 2010
NEW YORK (Reuters) - Fertilizer producer Terra Industries Inc said on Wednesday it plans to accept a "superior" $4.68-billion takeover bid from rival CF Industries Holdings Inc unless Yara International boosts its competing offer.
March 10, 2010
NEW YORK (Reuters) - Fertilizer producer Terra Industries Inc said on Wednesday it plans to accept a "superior" $4.68-billion takeover bid from rival CF Industries Holdings Inc unless Yara International boosts its competing offer.
Citi, AIG, other bailed-out firms jump
March 10, 2010
NEW YORK (Reuters) - Shares in Citigroup Inc , one of the big financial companies bailed out by the U.S. government, rose more than 4 percent on Wednesday, while another, American International Group Inc , jumped 10 percent.
March 10, 2010
NEW YORK (Reuters) - Shares in Citigroup Inc , one of the big financial companies bailed out by the U.S. government, rose more than 4 percent on Wednesday, while another, American International Group Inc , jumped 10 percent.
Lawsuits, poker and the death of a boutique bank
March 10, 2010
NEW YORK (Reuters) - In September 2008, as Lehman Brothers was breaking into a million pieces, a young investment bank was pushing up through the rubble.
March 10, 2010
NEW YORK (Reuters) - In September 2008, as Lehman Brothers was breaking into a million pieces, a young investment bank was pushing up through the rubble.
Stock futures little changed after China data
March 10, 2010
NEW YORK (Reuters) - U.S. stock index futures barely budged on Wednesday after data showed Chinese exports and imports grew faster than expected and after a slew of new corporate deals.
March 10, 2010
NEW YORK (Reuters) - U.S. stock index futures barely budged on Wednesday after data showed Chinese exports and imports grew faster than expected and after a slew of new corporate deals.