MetLife seals Alico deal after two-year quest
March 8, 2010
NEW YORK (Reuters) - MetLife Inc pursued AIG's foreign life insurance business for two years before finally clinching a $15.5 billion purchase that will give it beachheads in 47 nations from Peru to Bangladesh.
March 8, 2010
NEW YORK (Reuters) - MetLife Inc pursued AIG's foreign life insurance business for two years before finally clinching a $15.5 billion purchase that will give it beachheads in 47 nations from Peru to Bangladesh.
More work ahead on housing market: Treasury
March 8, 2010
WASHINGTON (Reuters) - The Obama administration has more work to do to help struggling U.S. homeowners, despite signs of a stabilizing housing market, a senior Treasury official said on Monday.
March 8, 2010
WASHINGTON (Reuters) - The Obama administration has more work to do to help struggling U.S. homeowners, despite signs of a stabilizing housing market, a senior Treasury official said on Monday.
Markets little changed after recent rally
March 8, 2010
NEW YORK (Reuters) - Stocks were flat in early trading on Monday after a rally last week that saw the Nasdaq close at an 18-month high after encouraging jobs data.
March 8, 2010
NEW YORK (Reuters) - Stocks were flat in early trading on Monday after a rally last week that saw the Nasdaq close at an 18-month high after encouraging jobs data.
Kraft under probe over Cadbury deal in UK
March 8, 2010
(Reuters) - Kraft Foods Inc is being investigated by U.K. regulators on whether the company misled employees and investors in its battle to take over British firm Cadbury, the Wall Street Journal said, citing people familiar with the matter.
March 8, 2010
(Reuters) - Kraft Foods Inc is being investigated by U.K. regulators on whether the company misled employees and investors in its battle to take over British firm Cadbury, the Wall Street Journal said, citing people familiar with the matter.
Stock futures little changed after recent rally
March 8, 2010
NEW YORK (Reuters) - U.S. stock index futures were little changed on Monday following a strong rally to end last week's session, when the Nasdaq closed at an 18-month high on better-than-expected February payroll data.
March 8, 2010
NEW YORK (Reuters) - U.S. stock index futures were little changed on Monday following a strong rally to end last week's session, when the Nasdaq closed at an 18-month high on better-than-expected February payroll data.
Economists see Fed rate hike in 6 months
March 8, 2010
WASHINGTON (Reuters) - Most U.S. business economists expect the Federal Reserve to raise benchmark interest rates within six months by between a quarter and a half percentage point, according to a survey released on Monday.
March 8, 2010
WASHINGTON (Reuters) - Most U.S. business economists expect the Federal Reserve to raise benchmark interest rates within six months by between a quarter and a half percentage point, according to a survey released on Monday.
China cautions against expecting fast yuan rise
March 8, 2010
BEIJING (Reuters) - Any rise in the yuan's exchange rate will be gradual, China's trade chief said on Monday in comments that underline the competing interests at the heart of Chinese policy-making.
March 8, 2010
BEIJING (Reuters) - Any rise in the yuan's exchange rate will be gradual, China's trade chief said on Monday in comments that underline the competing interests at the heart of Chinese policy-making.
Senators wrestle with Fed bank oversight
March 8, 2010
WASHINGTON (Reuters) - The Federal Reserve could retain oversight of large bank holding companies under a scaled-back regulatory reform plan being considered by key senators, but important questions remained unanswered, lobbyists said on Sunday.
March 8, 2010
WASHINGTON (Reuters) - The Federal Reserve could retain oversight of large bank holding companies under a scaled-back regulatory reform plan being considered by key senators, but important questions remained unanswered, lobbyists said on Sunday.
Toyota CEO: U.S. sales recovery ahead
March 8, 2010
TOKYO (Reuters) - Toyota Motor Corp's president said on Monday he believed that sales in North America could recover in March after a sharp decline last month when the automaker suspended sales of some recalled models.
March 8, 2010
TOKYO (Reuters) - Toyota Motor Corp's president said on Monday he believed that sales in North America could recover in March after a sharp decline last month when the automaker suspended sales of some recalled models.
Greece won’t need aid, sayscentral bank chief
March 8, 2010
BERLIN (Reuters) - Greece will not need foreign help to deal with its debt problems, central bank governor George Provopoulos said in a German newspaper interview released Monday.
March 8, 2010
BERLIN (Reuters) - Greece will not need foreign help to deal with its debt problems, central bank governor George Provopoulos said in a German newspaper interview released Monday.
Dubai World deal hope lifts markets
March 8, 2010
DUBAI (Reuters) - Hopes of progress this week on Dubai World $26 billion debt restructuring lifted stocks and eased fears of default but potential divisions emerged among creditors to the state-owned conglomerate.
March 8, 2010
DUBAI (Reuters) - Hopes of progress this week on Dubai World $26 billion debt restructuring lifted stocks and eased fears of default but potential divisions emerged among creditors to the state-owned conglomerate.
McDonald’s February sales up 4.8 percent
March 8, 2010
NEW YORK (Reuters) - McDonald's Corp reported a 4.8 percent rise in February sales at established restaurants as strong overseas results offset softness in the United States, sending its shares up 1 percent.
March 8, 2010
NEW YORK (Reuters) - McDonald's Corp reported a 4.8 percent rise in February sales at established restaurants as strong overseas results offset softness in the United States, sending its shares up 1 percent.
Wall St jumps as jobs data spurs optimism
March 5, 2010
NEW YORK (Reuters) - The Dow industrials jumped more than 1 percent on Friday as news that U.S. employers cut fewer jobs than expected last month fueled investors' appetite for riskier assets like stocks.
March 5, 2010
NEW YORK (Reuters) - The Dow industrials jumped more than 1 percent on Friday as news that U.S. employers cut fewer jobs than expected last month fueled investors' appetite for riskier assets like stocks.
Dodd: Hopes for reform deal within days
March 5, 2010
WASHINGTON (Reuters) - Senator Christopher Dodd, chief negotiator for the Democrats in talks on a bipartisan financial reform bill in the U.S. Senate, on Friday said lawmakers are "not there yet" on reaching an agreement but said he hopes one will be reached within days.
March 5, 2010
WASHINGTON (Reuters) - Senator Christopher Dodd, chief negotiator for the Democrats in talks on a bipartisan financial reform bill in the U.S. Senate, on Friday said lawmakers are "not there yet" on reaching an agreement but said he hopes one will be reached within days.
Prudential may exit some Asia markets post-AIA buy
March 5, 2010
HONG KONG/SINGAPORE (Reuters) - Britain's Prudential Plc may quit some countries in Asia should it seal a $35.5 billion buy of American International Group's AIA, sources directly involved with the deal said on Friday, allowing the bulked-up insurer to focus on key markets.
March 5, 2010
HONG KONG/SINGAPORE (Reuters) - Britain's Prudential Plc may quit some countries in Asia should it seal a $35.5 billion buy of American International Group's AIA, sources directly involved with the deal said on Friday, allowing the bulked-up insurer to focus on key markets.
Payrolls data buoy job creation hopes
March 5, 2010
WASHINGTON (Reuters) - U.S. employers cut fewer jobs than expected during snow-battered February and the unemployment rate held steady at 9.7 percent, bolstering views the economy was on the brink of creating jobs.
March 5, 2010
WASHINGTON (Reuters) - U.S. employers cut fewer jobs than expected during snow-battered February and the unemployment rate held steady at 9.7 percent, bolstering views the economy was on the brink of creating jobs.
iPad to hit stores April 3
March 5, 2010
NEW YORK (Reuters) - Apple Inc said the first iPads will be in U.S. stores on April 3 and hit nine international markets from Japan to the United Kingdom later in April.
March 5, 2010
NEW YORK (Reuters) - Apple Inc said the first iPads will be in U.S. stores on April 3 and hit nine international markets from Japan to the United Kingdom later in April.
Stocks climb on solid February jobs data
March 5, 2010
NEW YORK (Reuters) - U.S. stocks rose on Friday as data showed U.S. employers cut a smaller number of jobs than expected last month, signaling a continued recovery in the economy.
March 5, 2010
NEW YORK (Reuters) - U.S. stocks rose on Friday as data showed U.S. employers cut a smaller number of jobs than expected last month, signaling a continued recovery in the economy.
Toyota: No evidence of throttle failure
March 5, 2010
TOYOTA CITY, Japan (Reuters) - Toyota Motor Corp said a partial review of complaints of unintended acceleration after vehicles were repaired had found no evidence of failure in the electronic throttle system or the fixes.
March 5, 2010
TOYOTA CITY, Japan (Reuters) - Toyota Motor Corp said a partial review of complaints of unintended acceleration after vehicles were repaired had found no evidence of failure in the electronic throttle system or the fixes.
Blizzards slammed U.S. payrolls in February
March 5, 2010
WASHINGTON (Reuters) - The number of people working in the United States likely fell in February as winter storms that pounded parts of the country kept some workers at home but a swift recovery is expected in March.
March 5, 2010
WASHINGTON (Reuters) - The number of people working in the United States likely fell in February as winter storms that pounded parts of the country kept some workers at home but a swift recovery is expected in March.