French minister: U.S. tanker affair not closed
March 10, 2010
PARIS (Reuters) - A top French minister on Wednesday attacked the United States' handling of an aerial tanker contract, which has seen Europe's EADS drop out of the race, and said the matter was not over yet.
March 10, 2010
PARIS (Reuters) - A top French minister on Wednesday attacked the United States' handling of an aerial tanker contract, which has seen Europe's EADS drop out of the race, and said the matter was not over yet.
China’s Geely secures financing to buy Volvo
March 10, 2010
STOCKHOLM (Reuters) - The parent of China's Geely Automobile has secured financing to buy Ford-owned Volvo cars for about 15 billion Swedish crowns ($2.10 billion), a Swedish business daily reported on Wednesday.
March 10, 2010
STOCKHOLM (Reuters) - The parent of China's Geely Automobile has secured financing to buy Ford-owned Volvo cars for about 15 billion Swedish crowns ($2.10 billion), a Swedish business daily reported on Wednesday.
AIG devises new formula for employee bonuses
March 10, 2010
(Reuters) - American International Group Inc has formulated a new "forced ranking" system to determine bonuses and rate employee performance, Wall Street Journal said, citing people familiar with the matter.
March 10, 2010
(Reuters) - American International Group Inc has formulated a new "forced ranking" system to determine bonuses and rate employee performance, Wall Street Journal said, citing people familiar with the matter.
Strong China trade data point to rise in yuan
March 10, 2010
BEIJING (Reuters) - Chinese exports and imports grew faster than expected in February, underlining the momentum behind the world's third-largest economy and reinforcing the case for a rise in the yuan.
March 10, 2010
BEIJING (Reuters) - Chinese exports and imports grew faster than expected in February, underlining the momentum behind the world's third-largest economy and reinforcing the case for a rise in the yuan.
Insurers’ Chile quake hit won’t up prices
March 10, 2010
MUNICH/ZURICH (Reuters) - Last month's huge earthquake in Chile might cost the insurance industry up to $7 billion in damage claims, the world's top two reinsurers said, but it looks unlikely to raise reinsurance prices.
March 10, 2010
MUNICH/ZURICH (Reuters) - Last month's huge earthquake in Chile might cost the insurance industry up to $7 billion in damage claims, the world's top two reinsurers said, but it looks unlikely to raise reinsurance prices.
Home loan demand nudge higher in latest week
March 10, 2010
NEW YORK (Reuters) - U.S. mortgage applications nudged up last week, reflecting increased demand for home purchase loans even as interest rates trekked higher, data from an industry group showed on Wednesday.
March 10, 2010
NEW YORK (Reuters) - U.S. mortgage applications nudged up last week, reflecting increased demand for home purchase loans even as interest rates trekked higher, data from an industry group showed on Wednesday.
GDP seen slowing, tying Fed hands on rates
March 10, 2010
NEW YORK (Reuters) - After a growth spurt at the end of 2009, the U.S. economy will slow in the months ahead, keeping the Federal Reserve from raising borrowing costs until the final three months of the year, a Reuters poll showed.
March 10, 2010
NEW YORK (Reuters) - After a growth spurt at the end of 2009, the U.S. economy will slow in the months ahead, keeping the Federal Reserve from raising borrowing costs until the final three months of the year, a Reuters poll showed.
Barclays seen on lookout for U.S. bank deal
March 10, 2010
LONDON (Reuters) - Barclays is on the lookout to buy a retail bank in the United States, according to reports, to build on its successful investment bank build-up there and create a buffer against regulatory reform.
March 10, 2010
LONDON (Reuters) - Barclays is on the lookout to buy a retail bank in the United States, according to reports, to build on its successful investment bank build-up there and create a buffer against regulatory reform.
Blue chips’ ties to pay advisers under spotlight
March 10, 2010
NEW YORK (Reuters) - A dark corner of corporate America is being thrust into the harsh glare of disclosure.
March 10, 2010
NEW YORK (Reuters) - A dark corner of corporate America is being thrust into the harsh glare of disclosure.
Wall St gains with transports, telecoms
March 9, 2010
NEW YORK (Reuters) - U.S. stocks rose on Tuesday, the anniversary of the market lows reached in the recession, as gains in transportation and telecommunications shares signaled the recovery remained intact.
March 9, 2010
NEW YORK (Reuters) - U.S. stocks rose on Tuesday, the anniversary of the market lows reached in the recession, as gains in transportation and telecommunications shares signaled the recovery remained intact.
Toyota, officials investigate runaway Prius
March 9, 2010
LOS ANGELES/DETROIT (Reuters) - U.S. safety regulators and Toyota Motor Corp dispatched investigators to San Diego on Tuesday to inspect a Prius that sped out of control on a California freeway a day earlier.
March 9, 2010
LOS ANGELES/DETROIT (Reuters) - U.S. safety regulators and Toyota Motor Corp dispatched investigators to San Diego on Tuesday to inspect a Prius that sped out of control on a California freeway a day earlier.
Cisco: New router 12 times faster than rivals’
March 9, 2010
NEW YORK (Reuters) - Cisco Systems Inc, introduced a new router that it says will handle Internet traffic 12 times faster than rival products, as it looks to compete with rivals such as Juniper Networks Inc.
March 9, 2010
NEW YORK (Reuters) - Cisco Systems Inc, introduced a new router that it says will handle Internet traffic 12 times faster than rival products, as it looks to compete with rivals such as Juniper Networks Inc.
Chevron seeks U.K. sale, cut 2,000 jobs
March 9, 2010
NEW YORK (Reuters) - Chevron Corp , the second-largest U.S. oil company, said it planned to put several downstream operations up for sale, including its Pembroke refinery in the UK, and eliminate 2,000 jobs this year.
March 9, 2010
NEW YORK (Reuters) - Chevron Corp , the second-largest U.S. oil company, said it planned to put several downstream operations up for sale, including its Pembroke refinery in the UK, and eliminate 2,000 jobs this year.
Romer: Too soon for spending clamp-down
March 9, 2010
ARLINGTON, Virginia (Reuters) - The gaping U.S. budget deficit is cause for concern but clamping down on spending immediately would be "pound-foolish" and derail the recovery, a top White House economic adviser said on Tuesday.
March 9, 2010
ARLINGTON, Virginia (Reuters) - The gaping U.S. budget deficit is cause for concern but clamping down on spending immediately would be "pound-foolish" and derail the recovery, a top White House economic adviser said on Tuesday.
Wall Street flat on anniversary of bottom
March 9, 2010
NEW YORK (Reuters) - Stocks were little changed on Tuesday, the anniversary of the market lows reached in the recession, with weakness in banks offset by strength in transportation stocks.
March 9, 2010
NEW YORK (Reuters) - Stocks were little changed on Tuesday, the anniversary of the market lows reached in the recession, with weakness in banks offset by strength in transportation stocks.
Fed’s Evans: Labor market weakness pervasive
March 9, 2010
ARLINGTON, Virginia (Reuters) - Weak U.S. labor markets are likely to justify easy money policies for quite a while longer, a top Federal Reserve official said on Tuesday.
March 9, 2010
ARLINGTON, Virginia (Reuters) - Weak U.S. labor markets are likely to justify easy money policies for quite a while longer, a top Federal Reserve official said on Tuesday.
U.S. millionaire ranks up 16 percent last year
March 9, 2010
CHARLOTTE, North Carolina (Reuters) - The number of U.S. households with a net worth of at least $1 million jumped 16 percent last year after dipping sharply during the financial crisis, an industry consulting group said on Tuesday.
March 9, 2010
CHARLOTTE, North Carolina (Reuters) - The number of U.S. households with a net worth of at least $1 million jumped 16 percent last year after dipping sharply during the financial crisis, an industry consulting group said on Tuesday.
U.S. seeks 335 years for Petters in ponzi case
March 9, 2010
NEW YORK (Reuters) - Federal prosecutors said Tom Petters should be sentenced to 335 years in prison for running a $3.65 billion Ponzi scheme, while defense lawyers pleaded for mercy, saying their client has a tumor on his pituitary gland.
March 9, 2010
NEW YORK (Reuters) - Federal prosecutors said Tom Petters should be sentenced to 335 years in prison for running a $3.65 billion Ponzi scheme, while defense lawyers pleaded for mercy, saying their client has a tumor on his pituitary gland.
Cisco introduces faster router
March 9, 2010
NEW YORK (Reuters) - Cisco Systems Inc, the world's top maker of network equipment, introduced a router that it says can handle 12 times the Internet traffic of the nearest competing product.
March 9, 2010
NEW YORK (Reuters) - Cisco Systems Inc, the world's top maker of network equipment, introduced a router that it says can handle 12 times the Internet traffic of the nearest competing product.
Burger King: Weather hurt Q3, trends better
March 9, 2010
LOS ANGELES (Reuters) - Burger King Holdings Inc expects lower fiscal third-quarter revenue and restaurant margins in the U.S. and Canada as bad weather in the central and eastern United States kept diners away.
March 9, 2010
LOS ANGELES (Reuters) - Burger King Holdings Inc expects lower fiscal third-quarter revenue and restaurant margins in the U.S. and Canada as bad weather in the central and eastern United States kept diners away.