Wal-Mart helps apparel suppliers
November 13, 2009
SAN FRANCISCO/LOS ANGELES (Reuters) - Wal-Mart Stores Inc is helping "well over 1,000" of its apparel suppliers secure financing based on the strength of its own credit rating.
November 13, 2009
SAN FRANCISCO/LOS ANGELES (Reuters) - Wal-Mart Stores Inc is helping "well over 1,000" of its apparel suppliers secure financing based on the strength of its own credit rating.
Consumer, trade data paints bleak picture
November 13, 2009
NEW YORK (Reuters) - U.S. consumer sentiment soured in early November on grim job prospects while a larger-than-expected trade deficit had analysts scaling back estimates for third-quarter U.S. economic growth.
November 13, 2009
NEW YORK (Reuters) - U.S. consumer sentiment soured in early November on grim job prospects while a larger-than-expected trade deficit had analysts scaling back estimates for third-quarter U.S. economic growth.
U.S. watchdog: How to unwind troubled firms
November 13, 2009
WASHINGTON (Reuters) - The United States needs a credible way to dismantle large troubled financial institutions to squash a belief that some firms will always be rescued, a top U.S. government watchdog said on Friday.
November 13, 2009
WASHINGTON (Reuters) - The United States needs a credible way to dismantle large troubled financial institutions to squash a belief that some firms will always be rescued, a top U.S. government watchdog said on Friday.
Evans: Policy to remain accommodative
November 13, 2009
PARIS (Reuters) - Chicago Federal Reserve President Charles Evans said on Friday that U.S. monetary policy was likely to remain accommodative well into next year, but that the tools for shifting gear were being explored.
November 13, 2009
PARIS (Reuters) - Chicago Federal Reserve President Charles Evans said on Friday that U.S. monetary policy was likely to remain accommodative well into next year, but that the tools for shifting gear were being explored.
U.S. charges two Madoff programmers
November 13, 2009
NEW YORK (Reuters) - Two computer programmers designed codes to falsify thousands of fake trade blotters and phantom records for swindler Bernard Madoff and took hush money to help keep the massive fraud going, U.S. authorities said.
November 13, 2009
NEW YORK (Reuters) - Two computer programmers designed codes to falsify thousands of fake trade blotters and phantom records for swindler Bernard Madoff and took hush money to help keep the massive fraud going, U.S. authorities said.
Palm shares rise, takeover rumors resurface
November 13, 2009
NEW YORK/CHICAGO (Reuters) - Shares of Palm Inc rose 8 percent on Friday fueled by rumors that bigger rival phone maker Nokia may be eyeing the maker of the Pre and Pixi smartphones.
November 13, 2009
NEW YORK/CHICAGO (Reuters) - Shares of Palm Inc rose 8 percent on Friday fueled by rumors that bigger rival phone maker Nokia may be eyeing the maker of the Pre and Pixi smartphones.
Galleon CEO seeks to unseal Khan records
November 13, 2009
NEW YORK (Reuters) - Galleon Group founder Raj Rajaratnam, accused in the biggest U.S. hedge fund insider trading case, has asked a federal court to unseal records of a 2001 criminal charge against former trader Roomy Khan, one of the government's cooperating witnesses.
November 13, 2009
NEW YORK (Reuters) - Galleon Group founder Raj Rajaratnam, accused in the biggest U.S. hedge fund insider trading case, has asked a federal court to unseal records of a 2001 criminal charge against former trader Roomy Khan, one of the government's cooperating witnesses.
BA, Iberia merger hinges on pension deficit
November 13, 2009
MADRID (Reuters) - British Airways' pension fund deficit could yet scupper its planned merger with Spain's Iberia, as the UK airline still has to agree the size of the multi-billion pound shortfall with the fund's trustees.
November 13, 2009
MADRID (Reuters) - British Airways' pension fund deficit could yet scupper its planned merger with Spain's Iberia, as the UK airline still has to agree the size of the multi-billion pound shortfall with the fund's trustees.
Liberty pays $3B cash for Unitymedia
November 13, 2009
FRANKFURT (Reuters) - Liberty Global, the international cable operator controlled by John Malone, has agreed to buy Unitymedia from a private equity group for $3 billion in its first German acquisition.
November 13, 2009
FRANKFURT (Reuters) - Liberty Global, the international cable operator controlled by John Malone, has agreed to buy Unitymedia from a private equity group for $3 billion in its first German acquisition.
KKR’s Dollar General rises in NYSE debut
November 13, 2009
NEW YORK (Reuters) - Shares of discount retailer Dollar General Corp rose in their debut on the New York Stock Exchange, opening at $22, or 4.8 percent above Thursday's initial public offering price of $21.
November 13, 2009
NEW YORK (Reuters) - Shares of discount retailer Dollar General Corp rose in their debut on the New York Stock Exchange, opening at $22, or 4.8 percent above Thursday's initial public offering price of $21.
IMF chief: no double-dip U.S. recession
November 13, 2009
SINGAPORE (Reuters) - The head of the International Monetary Fund said on Friday the pace of the recovery in the U.S. economy remains sluggish but he does not believe there will be a double-dip recession.
November 13, 2009
SINGAPORE (Reuters) - The head of the International Monetary Fund said on Friday the pace of the recovery in the U.S. economy remains sluggish but he does not believe there will be a double-dip recession.
JPMorgan’s Dimon: End ‘too big to fail’
November 13, 2009
NEW YORK (Reuters) - JPMorgan Chase & Co Chief Executive Jamie Dimon called the idea that any bank is too big to fail "ethically bankrupt" and said regulators should have the power to wind down even the largest lenders.
November 13, 2009
NEW YORK (Reuters) - JPMorgan Chase & Co Chief Executive Jamie Dimon called the idea that any bank is too big to fail "ethically bankrupt" and said regulators should have the power to wind down even the largest lenders.
Consumer sentiment falls in November
November 13, 2009
NEW YORK (Reuters) - U.S. consumer sentiment fell in early November to the weakest in three months amid grim expectations for job and income prospects, a survey showed on Friday.
November 13, 2009
NEW YORK (Reuters) - U.S. consumer sentiment fell in early November to the weakest in three months amid grim expectations for job and income prospects, a survey showed on Friday.
Wolin: Fed best equipped to supervise
November 13, 2009
WASHINGTON (Reuters) - The U.S. Federal Reserve is best equipped to supervise the largest, most complex firms, a top U.S. Treasury official said on Friday.
November 13, 2009
WASHINGTON (Reuters) - The U.S. Federal Reserve is best equipped to supervise the largest, most complex firms, a top U.S. Treasury official said on Friday.
Abercrombie & Fitch profit higher
November 13, 2009
NEW YORK (Reuters) - Abercrombie & Fitch posted a much better-than-expected quarterly profit on Friday, helped by cost cuts, and the retailer's shares rose more than 6 percent.
November 13, 2009
NEW YORK (Reuters) - Abercrombie & Fitch posted a much better-than-expected quarterly profit on Friday, helped by cost cuts, and the retailer's shares rose more than 6 percent.
Former bankers may buy failing banks
November 13, 2009
(Reuters) - Some former bankers are planning to bid for failing banks in the Federal Insurance Deposit Corp auction process, and getting financial backing from Wall Street firms like Goldman Sachs Group Inc and Deutsche Bank AG, the Wall Street Journal reported citing sources.
November 13, 2009
(Reuters) - Some former bankers are planning to bid for failing banks in the Federal Insurance Deposit Corp auction process, and getting financial backing from Wall Street firms like Goldman Sachs Group Inc and Deutsche Bank AG, the Wall Street Journal reported citing sources.
Euro zone Q3 recession exit less robust
November 13, 2009
BRUSSELS (Reuters) - The euro zone economy jumped out of recession in the third quarter, data showed on Friday, but with slightly less spring than expected after growth in the area's top three economies fell short of market forecasts.
November 13, 2009
BRUSSELS (Reuters) - The euro zone economy jumped out of recession in the third quarter, data showed on Friday, but with slightly less spring than expected after growth in the area's top three economies fell short of market forecasts.
GM still wants state aid for Opel
November 13, 2009
FRANKFURT (Reuters) - General Motors reiterated on Friday it wanted state aid to help restructure European arm Opel after Germany's economics minister said the carmaker would not ask European taxpayers for help.
November 13, 2009
FRANKFURT (Reuters) - General Motors reiterated on Friday it wanted state aid to help restructure European arm Opel after Germany's economics minister said the carmaker would not ask European taxpayers for help.
Dollar eases, lifting commodities
November 13, 2009
LONDON (Reuters) - The U.S. dollar eased on Friday after overnight gains and ahead of euro zone growth data, boosting metal and crude prices, while world stocks drifted higher. The dollar rose overnight against a basket of currencies but succumbed to another sporadic bout of profit-taking, and traders said the currency's broad weakness was likely to continue over the longer term.
November 13, 2009
LONDON (Reuters) - The U.S. dollar eased on Friday after overnight gains and ahead of euro zone growth data, boosting metal and crude prices, while world stocks drifted higher. The dollar rose overnight against a basket of currencies but succumbed to another sporadic bout of profit-taking, and traders said the currency's broad weakness was likely to continue over the longer term.
Bain in $1.1B deal for Citi’s Bellsystem
November 13, 2009
TOKYO/NEW YORK (Reuters) - U.S. private equity firm Bain Capital is finalizing a roughly 100 billion yen ($1.1 billion) deal to buy Japanese telemarketer Bellsystem24 from Citigroup Inc , three sources familiar with the matter said.
November 13, 2009
TOKYO/NEW YORK (Reuters) - U.S. private equity firm Bain Capital is finalizing a roughly 100 billion yen ($1.1 billion) deal to buy Japanese telemarketer Bellsystem24 from Citigroup Inc , three sources familiar with the matter said.