Shares rise, dollar steady before U.S. jobs data
March 5, 2010
LONDON (Reuters) - World stocks pushed higher on Friday after better-than-forecast U.S. retail sales suggested the world's biggest economy was stabilizing while the dollar held broadly steady ahead of U.S. jobs data.
March 5, 2010
LONDON (Reuters) - World stocks pushed higher on Friday after better-than-forecast U.S. retail sales suggested the world's biggest economy was stabilizing while the dollar held broadly steady ahead of U.S. jobs data.
China eyes 11 percent industrial output growth
March 5, 2010
BEIJING (Reuters) - China must have 11 percent industrial output growth this year to achieve its GDP target of 8 percent, Minister of Industry and Information Technology Li Yizhong said on Friday.
March 5, 2010
BEIJING (Reuters) - China must have 11 percent industrial output growth this year to achieve its GDP target of 8 percent, Minister of Industry and Information Technology Li Yizhong said on Friday.
Fed’s Bullard impatient about Fed rate pledge
March 5, 2010
St. CLOUD, Minnesota (Reuters) - A second senior Federal Reserve official on Thursday joined the ranks of those doubting whether the Fed should continue to commit to hold rates exceptionally low for an extended period, a sign pressures are building to drop the wording.
March 5, 2010
St. CLOUD, Minnesota (Reuters) - A second senior Federal Reserve official on Thursday joined the ranks of those doubting whether the Fed should continue to commit to hold rates exceptionally low for an extended period, a sign pressures are building to drop the wording.
Angry Icelanders set to reject Icesave deal
March 5, 2010
REYKJAVIK (Reuters) - Icelanders are set to reject the terms for repaying Anglo-Dutch debts in a referendum on Saturday, forcing new negotiations with creditors and delaying financial aid the country needs to fix its shattered economy.
March 5, 2010
REYKJAVIK (Reuters) - Icelanders are set to reject the terms for repaying Anglo-Dutch debts in a referendum on Saturday, forcing new negotiations with creditors and delaying financial aid the country needs to fix its shattered economy.
Fewer discounts help U.S. stores weather February snow
March 5, 2010
CHICAGO (Reuters) - U.S. retailers posted their best monthly sales performance since just before the recession started in 2007, as lean inventories meant they did not need to resort to steep discounts.
March 5, 2010
CHICAGO (Reuters) - U.S. retailers posted their best monthly sales performance since just before the recession started in 2007, as lean inventories meant they did not need to resort to steep discounts.
Stocks edge up on mixed data
March 4, 2010
NEW YORK (Reuters) - Stocks clung to tiny gains in afternoon trading on Thursday, retreating from an earlier advance as lower energy prices and an unexpected fall in home sales offset optimism stirred by retailers' better-than-expected monthly sales.
March 4, 2010
NEW YORK (Reuters) - Stocks clung to tiny gains in afternoon trading on Thursday, retreating from an earlier advance as lower energy prices and an unexpected fall in home sales offset optimism stirred by retailers' better-than-expected monthly sales.
Citi’s Pandit blesses reforms amid watchdog doubts
March 4, 2010
WASHINGTON (Reuters) - Citigroup Inc Chief Executive Vikram Pandit on Thursday voiced support for key Obama administration financial reform goals, including a consumer protection authority, but government watchdogs questioned his earnestness.
March 4, 2010
WASHINGTON (Reuters) - Citigroup Inc Chief Executive Vikram Pandit on Thursday voiced support for key Obama administration financial reform goals, including a consumer protection authority, but government watchdogs questioned his earnestness.
Pending home sales unexpectedly plunge
March 4, 2010
WASHINGTON (Reuters) - The number of U.S. workers filing for jobless benefits fell last week, but a surprise decline in January pending home sales contracts to a 10-month low underscored the slow nature of the economic recovery.
March 4, 2010
WASHINGTON (Reuters) - The number of U.S. workers filing for jobless benefits fell last week, but a surprise decline in January pending home sales contracts to a 10-month low underscored the slow nature of the economic recovery.
Stocks flat as energy losses offset retail sales
March 4, 2010
NEW YORK (Reuters) - Stocks pared early gains on Thursday, hurt as weaker-than-expected energy demand hit the oil and gas sector, offsetting solid February retail sales figures.
March 4, 2010
NEW YORK (Reuters) - Stocks pared early gains on Thursday, hurt as weaker-than-expected energy demand hit the oil and gas sector, offsetting solid February retail sales figures.
Facebook CEO in no rush for IPO
March 4, 2010
NEW YORK (Reuters) - Facebook Chief Executive Mark Zuckerberg is in no rush to take the popular social-networking site public, the Wall Street Journal reported on Wednesday.
March 4, 2010
NEW YORK (Reuters) - Facebook Chief Executive Mark Zuckerberg is in no rush to take the popular social-networking site public, the Wall Street Journal reported on Wednesday.
ECB holds rates, to unveil withdrawal steps
March 4, 2010
FRANKFURT (Reuters) - The European Central Bank is expected to detail the next steps in its gradual withdrawal from emergency lending at a news conference after it held interest rates at a record low of 1.0 percent on Thursday.
March 4, 2010
FRANKFURT (Reuters) - The European Central Bank is expected to detail the next steps in its gradual withdrawal from emergency lending at a news conference after it held interest rates at a record low of 1.0 percent on Thursday.
AB InBev, weak start to 2010 after Q4
March 4, 2010
BRUSSELS (Reuters) - Anheuser-Busch InBev, the world's largest brewer, said it faced a challenging start to 2010 with U.S. consumers drinking less after it unveiled mixed fourth-quarter earnings buoyed by a sharp rise in Brazil sales.
March 4, 2010
BRUSSELS (Reuters) - Anheuser-Busch InBev, the world's largest brewer, said it faced a challenging start to 2010 with U.S. consumers drinking less after it unveiled mixed fourth-quarter earnings buoyed by a sharp rise in Brazil sales.
Greece draws strong bond demand at high price
March 4, 2010
ATHENS/BERLIN (Reuters) - Debt-burdened Greece drew strong demand for a crucial bond issue on Thursday but paid a steep risk premium that underscored its plea to Germany and other EU partners for support to help lower its borrowing costs.
March 4, 2010
ATHENS/BERLIN (Reuters) - Debt-burdened Greece drew strong demand for a crucial bond issue on Thursday but paid a steep risk premium that underscored its plea to Germany and other EU partners for support to help lower its borrowing costs.
Stock futures little changed after jobless claims
March 4, 2010
NEW YORK (Reuters) - U.S. stock index futures were little changed on Thursday after data showed applications for first time jobless insurance fell in the latest week to a level roughly as expected.
March 4, 2010
NEW YORK (Reuters) - U.S. stock index futures were little changed on Thursday after data showed applications for first time jobless insurance fell in the latest week to a level roughly as expected.
Bristol sets baseline for profits post-Plavix
March 4, 2010
NEW YORK (Reuters) - Bristol-Myers Squibb Co set a better-than-expected baseline for profits in 2013 as it provided investors their first glimpse of life after Plavix, the second-largest selling drug in the world.
March 4, 2010
NEW YORK (Reuters) - Bristol-Myers Squibb Co set a better-than-expected baseline for profits in 2013 as it provided investors their first glimpse of life after Plavix, the second-largest selling drug in the world.
Wendy’s/Arby’s adjusted profit tops expectations
March 4, 2010
CHICAGO (Reuters) - Wendy's/Arby's Group Inc , the No. 3 U.S. fast-food chain, reported a stronger-than-expected adjusted quarterly profit on Thursday.
March 4, 2010
CHICAGO (Reuters) - Wendy's/Arby's Group Inc , the No. 3 U.S. fast-food chain, reported a stronger-than-expected adjusted quarterly profit on Thursday.
New, continuing jobless claims fall last week
March 4, 2010
WASHINGTON (Reuters) - The number of U.S. workers filing new applications for unemployment insurance fell as expected last week, a government report showed on Thursday, while those continuing to receive benefits dropped to the lowest level in over a year.
March 4, 2010
WASHINGTON (Reuters) - The number of U.S. workers filing new applications for unemployment insurance fell as expected last week, a government report showed on Thursday, while those continuing to receive benefits dropped to the lowest level in over a year.
Less discounts help stores beat February snow
March 4, 2010
CHICAGO (Reuters) - Several U.S. retailers posted better-than-expected February sales as leaner inventories allowed companies to sell more items at full price and shoppers made it to stores despite record-setting snow in much the eastern part of the country.
March 4, 2010
CHICAGO (Reuters) - Several U.S. retailers posted better-than-expected February sales as leaner inventories allowed companies to sell more items at full price and shoppers made it to stores despite record-setting snow in much the eastern part of the country.
Obama lays out Volcker rule specifics for Congress
March 3, 2010
WASHINGTON (Reuters) - U.S. banks would be banned from proprietary trading and other large financial firms would face quantitative limits on such activity, according to draft language on the so-called "Volcker rule" from the Obama administration.
March 3, 2010
WASHINGTON (Reuters) - U.S. banks would be banned from proprietary trading and other large financial firms would face quantitative limits on such activity, according to draft language on the so-called "Volcker rule" from the Obama administration.
GM Vice Chairman Lutz to retire on May 1
March 3, 2010
DETROIT (Reuters) - General Motors Co Vice Chairman Bob Lutz will retire from the automaker effective May 1, people briefed on the plans said on Wednesday.
March 3, 2010
DETROIT (Reuters) - General Motors Co Vice Chairman Bob Lutz will retire from the automaker effective May 1, people briefed on the plans said on Wednesday.