China to guide yuan against currencies
November 11, 2009
BEIJING (Reuters) - China said on Wednesday it will consider major currencies in guiding the yuan, suggesting a departure from an effective dollar peg that has been in place since the middle of last year.
November 11, 2009
BEIJING (Reuters) - China said on Wednesday it will consider major currencies in guiding the yuan, suggesting a departure from an effective dollar peg that has been in place since the middle of last year.
Whitacre: Pay caps make it tough to hire
November 11, 2009
SEGUIN, Texas (Reuters) - General Motors Co Chairman Ed Whitacre on Tuesday urged the Obama administration to give the automaker less restrictive pay caps and said it was too early to discuss the timing for the automaker to become a public company again.
November 11, 2009
SEGUIN, Texas (Reuters) - General Motors Co Chairman Ed Whitacre on Tuesday urged the Obama administration to give the automaker less restrictive pay caps and said it was too early to discuss the timing for the automaker to become a public company again.
UPS sees 2010 volume growth, higher rates
November 11, 2009
SINGAPORE (Reuters) - United Parcel Service Inc, the world's largest package delivery service, expects growth in its volumes next year as the global economy gradually recovers, its chief said on Wednesday.
November 11, 2009
SINGAPORE (Reuters) - United Parcel Service Inc, the world's largest package delivery service, expects growth in its volumes next year as the global economy gradually recovers, its chief said on Wednesday.
Gold rallies to record high as dollar slips
November 11, 2009
LONDON (Reuters) - Gold shot to a record high on Wednesday as the dollar slipped to its lowest in more than a year and analysts predict further gains for the precious metal on the U.S. unit's persistent weakness.
November 11, 2009
LONDON (Reuters) - Gold shot to a record high on Wednesday as the dollar slipped to its lowest in more than a year and analysts predict further gains for the precious metal on the U.S. unit's persistent weakness.
Asian stocks rise as China recovers
November 11, 2009
HONG KONG (Reuters) - Asian stocks rose for a fourth day in a row on Wednesday as Chinese factory output jumped to a 19-month high in October, while the ailing U.S. dollar hovered near a 15-month low.
November 11, 2009
HONG KONG (Reuters) - Asian stocks rose for a fourth day in a row on Wednesday as Chinese factory output jumped to a 19-month high in October, while the ailing U.S. dollar hovered near a 15-month low.
Dodd seeks muscle in financial reforms
November 11, 2009
WASHINGTON (Reuters) - Pushing for tougher changes in U.S. financial regulations, the Senate's top banking legislator on Tuesday proposed a new super-cop to police banks, a systemic risk agency and strong consumer protections.
November 11, 2009
WASHINGTON (Reuters) - Pushing for tougher changes in U.S. financial regulations, the Senate's top banking legislator on Tuesday proposed a new super-cop to police banks, a systemic risk agency and strong consumer protections.
Fed: choppy recovery for U.S. economy
November 10, 2009
AUSTIN/ATLANTA (Reuters) - High unemployment and reluctant consumers will likely make an incipient U.S. economic recovery weak and erratic, top Federal Reserve officials said in a string of speeches across the country on Tuesday.
November 10, 2009
AUSTIN/ATLANTA (Reuters) - High unemployment and reluctant consumers will likely make an incipient U.S. economic recovery weak and erratic, top Federal Reserve officials said in a string of speeches across the country on Tuesday.
Fisher: U.S. should not coddle banks
November 10, 2009
AUSTIN (Reuters) - The United States should not coddle large financial institutions considered "too big to fail", Federal Reserve Bank of Dallas President Richard Fisher said on Tuesday.
November 10, 2009
AUSTIN (Reuters) - The United States should not coddle large financial institutions considered "too big to fail", Federal Reserve Bank of Dallas President Richard Fisher said on Tuesday.
Ambac shares sink as warns of possible bankruptcy
November 10, 2009
NEW YORK (Reuters) - Shares of bond insurer Ambac Financial Group Inc sank 33 percent on Tuesday after the company warned it may be forced to seek bankruptcy protection if it cannot fix its liquidity problems.
November 10, 2009
NEW YORK (Reuters) - Shares of bond insurer Ambac Financial Group Inc sank 33 percent on Tuesday after the company warned it may be forced to seek bankruptcy protection if it cannot fix its liquidity problems.
Sen Dodd seeks more muscle in US financial reforms
November 10, 2009
WASHINGTON (Reuters) - Pushing for tougher changes in U.S. financial regulations, the Senate's top banking legislator on Tuesday proposed a new super-cop to police banks, a systemic risk agency and strong consumer protections.
November 10, 2009
WASHINGTON (Reuters) - Pushing for tougher changes in U.S. financial regulations, the Senate's top banking legislator on Tuesday proposed a new super-cop to police banks, a systemic risk agency and strong consumer protections.
Toll 4th-quarter revenue to top view; shares up
November 10, 2009
SEATTLE (Reuters) - Luxury homebuilder Toll Brothers Inc said on Tuesday said it expected fourth quarter revenue to drop 30 percent, but blew past Wall Street's expectations by nearly $100 million, and the company's shares rose 5.4 percent in after-hours trading.
November 10, 2009
SEATTLE (Reuters) - Luxury homebuilder Toll Brothers Inc said on Tuesday said it expected fourth quarter revenue to drop 30 percent, but blew past Wall Street's expectations by nearly $100 million, and the company's shares rose 5.4 percent in after-hours trading.
Fed officials cautious on U.S. economic recovery
November 10, 2009
ATLANTA (Reuters) - Three top Federal Reserve officials on Tuesday struck a cautious note on the U.S. economy, citing high unemployment, heavy reliance on government support and commercial real estate woes as hurdles to recovery.
November 10, 2009
ATLANTA (Reuters) - Three top Federal Reserve officials on Tuesday struck a cautious note on the U.S. economy, citing high unemployment, heavy reliance on government support and commercial real estate woes as hurdles to recovery.
A Morgan Stanley star falls in China
November 10, 2009
SHANGHAI/NEW YORK (Reuters) - In the end, Garth Peterson, a rising star at Morgan Stanley in China, was undone by his pursuit of "guanxi."
November 10, 2009
SHANGHAI/NEW YORK (Reuters) - In the end, Garth Peterson, a rising star at Morgan Stanley in China, was undone by his pursuit of "guanxi."
U.S. Bancorp looks to expand credit card business
November 10, 2009
NEW YORK (Reuters) - U.S. Bancorp , the sixth-largest U.S. bank by assets, is looking to expand its credit card business and is actively marketing its cards nationally, Chief Executive Richard Davis said at a conference on Tuesday.
November 10, 2009
NEW YORK (Reuters) - U.S. Bancorp , the sixth-largest U.S. bank by assets, is looking to expand its credit card business and is actively marketing its cards nationally, Chief Executive Richard Davis said at a conference on Tuesday.
Stock rally stalls but Dow ekes out gain
November 10, 2009
on Tuesday as differing views on whether the market can build on recent gains stalled the S&P 500's six-day winning streak.
November 10, 2009
on Tuesday as differing views on whether the market can build on recent gains stalled the S&P 500's six-day winning streak.
Oil falls on Ida recovery, stronger dollar
November 10, 2009
NEW YORK (Reuters) - Oil prices fell on Tuesday as the dollar firmed and energy companies began restoring offshore operations disrupted by Tropical Storm Ida.
November 10, 2009
NEW YORK (Reuters) - Oil prices fell on Tuesday as the dollar firmed and energy companies began restoring offshore operations disrupted by Tropical Storm Ida.
American Express spending volume up, boosts stock
November 10, 2009
NEW YORK (Reuters) - American Express Co said credit card spending increased in October from September in another sign that the worst of the financial crisis may have passed for the largest U.S. credit-card company, sending its shares up 1.5 percent to a 14-month high.
November 10, 2009
NEW YORK (Reuters) - American Express Co said credit card spending increased in October from September in another sign that the worst of the financial crisis may have passed for the largest U.S. credit-card company, sending its shares up 1.5 percent to a 14-month high.
FDIC’s Bair: must pre-fund financial firm unwinding
November 10, 2009
WASHINGTON/NEW YORK (Reuters) - A reserve fund must be established ahead of time to give the government the working capital it needs to dismantle large, troubled financial companies, a top U.S. bank regulator said on Tuesday.
November 10, 2009
WASHINGTON/NEW YORK (Reuters) - A reserve fund must be established ahead of time to give the government the working capital it needs to dismantle large, troubled financial companies, a top U.S. bank regulator said on Tuesday.
Eager fans greet “Call of Duty” launch
November 10, 2009
SAN FRANCISCO/NEW YORK (Reuters) - Activision Blizzard Inc's hugely anticipated "Call of Duty: Modern Warfare 2" video game went on sale on Tuesday, welcomed by eager fans who lined up hours in advance of the release.
November 10, 2009
SAN FRANCISCO/NEW YORK (Reuters) - Activision Blizzard Inc's hugely anticipated "Call of Duty: Modern Warfare 2" video game went on sale on Tuesday, welcomed by eager fans who lined up hours in advance of the release.
Consumer confidence eases in November: IBD
November 10, 2009
NEW YORK (Reuters) - U.S. consumer confidence edged only slightly lower in November after a sharp drop in October, indicating that the upcoming holiday shopping season could see better consumer spending, a research group said on Tuesday.
November 10, 2009
NEW YORK (Reuters) - U.S. consumer confidence edged only slightly lower in November after a sharp drop in October, indicating that the upcoming holiday shopping season could see better consumer spending, a research group said on Tuesday.