Weak dollar spurs gold to fresh high
November 12, 2009
HONG KONG (Reuters) - Gold rose above $1,120 an ounce to a fresh record high on Thursday as the U.S. dollar wavered near 15-month lows, while Asian shares lost ground as investors took profits after four days of gains.
November 12, 2009
HONG KONG (Reuters) - Gold rose above $1,120 an ounce to a fresh record high on Thursday as the U.S. dollar wavered near 15-month lows, while Asian shares lost ground as investors took profits after four days of gains.
U.S. to cut deficit with unused TARP funds
November 12, 2009
(Reuters) - The White House is looking to cut its budget deficit by using some unspent funds from the U.S. government's Troubled Asset Relief Program (TARP), the Wall Street Journal said, citing people familiar with the matter.
November 12, 2009
(Reuters) - The White House is looking to cut its budget deficit by using some unspent funds from the U.S. government's Troubled Asset Relief Program (TARP), the Wall Street Journal said, citing people familiar with the matter.
China’s Wen reiterates loose policy stance
November 11, 2009
BEIJING (Reuters) - China will stick to its active fiscal policy and loose monetary measures even though its economic recovery is now on more solid footing, Premier Wen Jiabao said on Thursday.
November 11, 2009
BEIJING (Reuters) - China will stick to its active fiscal policy and loose monetary measures even though its economic recovery is now on more solid footing, Premier Wen Jiabao said on Thursday.
AMD expects key profits in 2010
November 11, 2009
SUNNYVALE, California (Reuters) - Advanced Micro Devices said it expects to report profits next year from its chip design business, the backbone of a company trying rebuild market share and better compete with rival Intel Corp..
November 11, 2009
SUNNYVALE, California (Reuters) - Advanced Micro Devices said it expects to report profits next year from its chip design business, the backbone of a company trying rebuild market share and better compete with rival Intel Corp..
Costco CFO: Hoping consumers will spend
November 11, 2009
NEW YORK/SAN FRANCISCO (Reuters) - Costco Wholesale Corp is hoping that consumers are becoming more comfortable making purchases as the No. 1 U.S. warehouse club operator heads into the year-end holiday shopping season.
November 11, 2009
NEW YORK/SAN FRANCISCO (Reuters) - Costco Wholesale Corp is hoping that consumers are becoming more comfortable making purchases as the No. 1 U.S. warehouse club operator heads into the year-end holiday shopping season.
HP to buy 3Com for $3.1 billion
November 11, 2009
NEW YORK/SAN FRANCISCO (Reuters) - Hewlett-Packard Co is making a move into the telecom equipment market by striking a $3.1 billion deal for 3Com Corp, in a major challenge to Cisco Systems Inc.
November 11, 2009
NEW YORK/SAN FRANCISCO (Reuters) - Hewlett-Packard Co is making a move into the telecom equipment market by striking a $3.1 billion deal for 3Com Corp, in a major challenge to Cisco Systems Inc.
Motorola eyes $4.5B home/networks sale
November 11, 2009
NEW YORK (Reuters) - Motorola Inc is in the early stages of looking into a potential sale of its $4.5 billion television set-top box and network equipment business, two sources said on Wednesday.
November 11, 2009
NEW YORK (Reuters) - Motorola Inc is in the early stages of looking into a potential sale of its $4.5 billion television set-top box and network equipment business, two sources said on Wednesday.
China: Market gains on homebuilder forecast
November 11, 2009
NEW YORK (Reuters) - The Dow and the Standard & Poor's 500 index closed at 13-month highs on Wednesday as an upbeat forecast from a top homebuilder and data from China pointed to a strengthening global economy.
November 11, 2009
NEW YORK (Reuters) - The Dow and the Standard & Poor's 500 index closed at 13-month highs on Wednesday as an upbeat forecast from a top homebuilder and data from China pointed to a strengthening global economy.
AIG’s Benmosche ‘totally committed’ to company
November 11, 2009
NEW YORK (Reuters) - American International Group Inc Chief Executive Robert Benmosche said on Wednesday he remains "totally committed" to staying at the company, countering an earlier report that he was considering stepping down.
November 11, 2009
NEW YORK (Reuters) - American International Group Inc Chief Executive Robert Benmosche said on Wednesday he remains "totally committed" to staying at the company, countering an earlier report that he was considering stepping down.
Applied Materials posts lower profit, to cut jobs
November 11, 2009
SAN FRANCISCO (Reuters) - Applied Materials Inc , the world's largest producer of chip-making gear, posted lower quarterly profit on Wednesday, but beat Wall Street estimates and said it planned to cut jobs globally.
November 11, 2009
SAN FRANCISCO (Reuters) - Applied Materials Inc , the world's largest producer of chip-making gear, posted lower quarterly profit on Wednesday, but beat Wall Street estimates and said it planned to cut jobs globally.
Macy’s holiday outlook a turkey, stock drops
November 11, 2009
NEW YORK (Reuters) - U.S. department store operator Macy's Inc forecast earnings for the fourth quarter, which includes the crucial holiday shopping season, far below Wall Street expectations on Wednesday, sending shares down 8.1 percent.
November 11, 2009
NEW YORK (Reuters) - U.S. department store operator Macy's Inc forecast earnings for the fourth quarter, which includes the crucial holiday shopping season, far below Wall Street expectations on Wednesday, sending shares down 8.1 percent.
Toll shares rise as Q4 net contracts up 42 percent
November 11, 2009
SEATTLE (Reuters) - The slump in the housing market ended around March, and while there is improvement, it will be slow and fitful, U.S. luxury homebuilder Toll Brothers Inc's Chief Executive Robert Toll said on Wednesday.
November 11, 2009
SEATTLE (Reuters) - The slump in the housing market ended around March, and while there is improvement, it will be slow and fitful, U.S. luxury homebuilder Toll Brothers Inc's Chief Executive Robert Toll said on Wednesday.
CORRECTED: Saad unit lenders meet, liquidators appointed
November 11, 2009
(Corrects paragraph six to show that Algosaibi said it would ask a New York court for a default judgement, not that it has asked)
November 11, 2009
(Corrects paragraph six to show that Algosaibi said it would ask a New York court for a default judgement, not that it has asked)
Oil rises slightly, market eyes dollar, China
November 11, 2009
NEW YORK (Reuters) - Oil prices rose slightly on Wednesday as the market weighed a rebound in the dollar against data showing strong demand growth from No. 2 consumer China.
November 11, 2009
NEW YORK (Reuters) - Oil prices rose slightly on Wednesday as the market weighed a rebound in the dollar against data showing strong demand growth from No. 2 consumer China.
AMD expects key business to turn profit in 2010
November 11, 2009
SUNNYVALE, California (Reuters) - Advanced Micro Devices said it expects its chip design business, the backbone of the company, to be profitable next year, adding more fuel to hopes that the technology sector is rebounding.
November 11, 2009
SUNNYVALE, California (Reuters) - Advanced Micro Devices said it expects its chip design business, the backbone of the company, to be profitable next year, adding more fuel to hopes that the technology sector is rebounding.
Calpers chief backs lobbyist rules
November 11, 2009
SAN FRANCISCO (Reuters) - The president of Calpers urged fellow board members at the biggest U.S. public pension fund on Wednesday to back his plan to require placement agents to be subjected to laws for lobbyists in response to events alleging their "undue influence" over investment decisions.
November 11, 2009
SAN FRANCISCO (Reuters) - The president of Calpers urged fellow board members at the biggest U.S. public pension fund on Wednesday to back his plan to require placement agents to be subjected to laws for lobbyists in response to events alleging their "undue influence" over investment decisions.
China to allow yuan appreciation
November 11, 2009
BEIJING (Reuters) - China sent its clearest signal yet that it was ready to allow yuan appreciation after an 18-month hiatus, saying on Wednesday it would consider major currencies, not just the dollar, in guiding the exchange rate.
November 11, 2009
BEIJING (Reuters) - China sent its clearest signal yet that it was ready to allow yuan appreciation after an 18-month hiatus, saying on Wednesday it would consider major currencies, not just the dollar, in guiding the exchange rate.
Citi stands by deferred tax asset valuation
November 11, 2009
NEW YORK (Reuters) - A senior Citigroup Inc executive said the bank is comfortable with its valuation for an asset that one accounting expert expects to be written down.
November 11, 2009
NEW YORK (Reuters) - A senior Citigroup Inc executive said the bank is comfortable with its valuation for an asset that one accounting expert expects to be written down.
American Airlines: TPG may invest in JAL
November 11, 2009
TOKYO (Reuters) - Private equity firm TPG could partner with American Airlines on a minority investment in Japan Airlines to prevent its defection to a rival airline group, the chief financial officer of American parent AMR Corp said.
November 11, 2009
TOKYO (Reuters) - Private equity firm TPG could partner with American Airlines on a minority investment in Japan Airlines to prevent its defection to a rival airline group, the chief financial officer of American parent AMR Corp said.
EU: Dec 14 deadline for Kraft-Cadbury bid
November 11, 2009
BRUSSELS (Reuters) - The European Commission has set a one-month deadline to review Kraft Foods Inc's $16 billion hostile bid for British chocolate maker Cadbury after the U.S. food group notified EU regulators.
November 11, 2009
BRUSSELS (Reuters) - The European Commission has set a one-month deadline to review Kraft Foods Inc's $16 billion hostile bid for British chocolate maker Cadbury after the U.S. food group notified EU regulators.