Stock futures slip ahead of ADP payroll, services data
March 3, 2010
NEW YORK (Reuters) - U.S. stock index futures were little changed on Wednesday as investors awaited data on the labor market for clues ahead of a critical employment report and Greece took steps to meet fiscal targets.
March 3, 2010
NEW YORK (Reuters) - U.S. stock index futures were little changed on Wednesday as investors awaited data on the labor market for clues ahead of a critical employment report and Greece took steps to meet fiscal targets.
Fed’s Fisher: Must break up banks that are too big
March 3, 2010
NEW YORK (Reuters) - Banks that are seen as too large to fail should be broken up in order to make the financial system more stable, Dallas Federal Reserve President Richard Fisher said on Wednesday.
March 3, 2010
NEW YORK (Reuters) - Banks that are seen as too large to fail should be broken up in order to make the financial system more stable, Dallas Federal Reserve President Richard Fisher said on Wednesday.
CF relaunches bid for Terra, tops Yara offer
March 2, 2010
NEW YORK (Reuters) - Fertilizer maker CF Industries Holdings Inc relaunched its hostile bid for Terra Industries Inc , betting that a higher price of $4.75 billion would help it break up Terra's planned takeover by Yara International ASA .
March 2, 2010
NEW YORK (Reuters) - Fertilizer maker CF Industries Holdings Inc relaunched its hostile bid for Terra Industries Inc , betting that a higher price of $4.75 billion would help it break up Terra's planned takeover by Yara International ASA .
Greek PM says sacrifices vital to avert bankruptcy
March 2, 2010
ATHENS (Reuters) - Greek Prime Minister George Papandreou said on Tuesday his country was fighting for survival against bankruptcy and urged civil servants and pensioners to accept sacrifices to save the debt-burdened nation.
March 2, 2010
ATHENS (Reuters) - Greek Prime Minister George Papandreou said on Tuesday his country was fighting for survival against bankruptcy and urged civil servants and pensioners to accept sacrifices to save the debt-burdened nation.
FDIC seen stepping up sales of failed bank assets
March 2, 2010
NEW YORK (Reuters) - The U.S. Federal Deposit Insurance Corp is expected to offer $3.8 billion of guaranteed securitizations backed by the residential mortgage assets of failed banks, market sources said on Tuesday.
March 2, 2010
NEW YORK (Reuters) - The U.S. Federal Deposit Insurance Corp is expected to offer $3.8 billion of guaranteed securitizations backed by the residential mortgage assets of failed banks, market sources said on Tuesday.
Disney plays bully in dispute, says Cablevision CEO
March 2, 2010
NEW YORK (Reuters) - Cablevision Systems Corp Chief Executive Jim Dolan blasted Walt Disney Co's "bullying" threat to pull ABC from its cable systems over a contract dispute, calling the move senseless and one that invites questions from U.S. regulators.
March 2, 2010
NEW YORK (Reuters) - Cablevision Systems Corp Chief Executive Jim Dolan blasted Walt Disney Co's "bullying" threat to pull ABC from its cable systems over a contract dispute, calling the move senseless and one that invites questions from U.S. regulators.
Kocherlakota: Fed must be careful on tightening timing
March 2, 2010
MINNEAPOLIS (Reuters) - The U.S. Federal Reserve must be especially careful when the time comes to raise interest rates because of its bloated balance sheet, Minneapolis Fed President Narayana Kocherlakota said on Tuesday.
March 2, 2010
MINNEAPOLIS (Reuters) - The U.S. Federal Reserve must be especially careful when the time comes to raise interest rates because of its bloated balance sheet, Minneapolis Fed President Narayana Kocherlakota said on Tuesday.
U.S. auto sales weak
March 2, 2010
DETROIT/WASHINGTON (Reuters) - U.S. auto sales stalled in February as a safety crisis sent Toyota Motor Corp reeling and cleared the way for Ford Motor Co to take the industry's top spot by sales for the first time since 1998.
March 2, 2010
DETROIT/WASHINGTON (Reuters) - U.S. auto sales stalled in February as a safety crisis sent Toyota Motor Corp reeling and cleared the way for Ford Motor Co to take the industry's top spot by sales for the first time since 1998.
General Growth creditors, Simon attack Ackman
March 2, 2010
NEW YORK (Reuters) - General Growth Properties Inc's unsecured creditors and suitor Simon Property Group on Tuesday criticized William Ackman's role in the mall owner's restructuring plan, alleging conflicts of interest given his position as a director and largest shareholder.
March 2, 2010
NEW YORK (Reuters) - General Growth Properties Inc's unsecured creditors and suitor Simon Property Group on Tuesday criticized William Ackman's role in the mall owner's restructuring plan, alleging conflicts of interest given his position as a director and largest shareholder.
U.S. government to enhance municipal market regulation
March 2, 2010
WASHINGTON (Reuters) - The Internal Revenue Service has agreed to work more closely with the Securities and Exchange Commission to regulate the U.S. municipal bond market, the IRS said on Tuesday, adding the two federal agencies had signed memorandum of understanding.
March 2, 2010
WASHINGTON (Reuters) - The Internal Revenue Service has agreed to work more closely with the Securities and Exchange Commission to regulate the U.S. municipal bond market, the IRS said on Tuesday, adding the two federal agencies had signed memorandum of understanding.
Murdoch doubts N.Y. Times Slim sale speculation
March 2, 2010
NEW YORK (Reuters) - News Corp Chief Executive Rupert Murdoch said on Tuesday he didn't believe speculation that New York Times Co would be bought by Mexican billionaire Carlos Slim.
March 2, 2010
NEW YORK (Reuters) - News Corp Chief Executive Rupert Murdoch said on Tuesday he didn't believe speculation that New York Times Co would be bought by Mexican billionaire Carlos Slim.
GM sales up as industry wobbles
March 2, 2010
DETROIT (Reuters) - General Motors Co on Tuesday posted a nearly 12 percent gain in U.S. February sales, boosted by a doubling in sales to fleet operators and relatively strong demand for newer crossovers like the Chevy Equinox.
March 2, 2010
DETROIT (Reuters) - General Motors Co on Tuesday posted a nearly 12 percent gain in U.S. February sales, boosted by a doubling in sales to fleet operators and relatively strong demand for newer crossovers like the Chevy Equinox.
Wall Street positive for 2010, Greece deal
March 2, 2010
NEW YORK (Reuters) - U.S. stocks rose on Tuesday, with major indexes turning positive for the year, as Greece appeared to be taking steps toward a resolution on aid from the European Union.
March 2, 2010
NEW YORK (Reuters) - U.S. stocks rose on Tuesday, with major indexes turning positive for the year, as Greece appeared to be taking steps toward a resolution on aid from the European Union.
U.S. failed on Toyota safety, fixes needed
March 2, 2010
WASHINGTON (Reuters) - Toyota Motor Corp let profits trump decision-making on safety and U.S. regulators failed to aggressively oversee the automaker in the years leading up to recent big recalls, a leading U.S. senator said on Tuesday.
March 2, 2010
WASHINGTON (Reuters) - Toyota Motor Corp let profits trump decision-making on safety and U.S. regulators failed to aggressively oversee the automaker in the years leading up to recent big recalls, a leading U.S. senator said on Tuesday.
Greek debt costs fall as new savings expected
March 2, 2010
ATHENS/BERLIN (Reuters) - Greece's borrowing costs fell to their lowest level in weeks on Tuesday amid growing expectations that the government will announce new austerity measures this week to secure European financial support.
March 2, 2010
ATHENS/BERLIN (Reuters) - Greece's borrowing costs fell to their lowest level in weeks on Tuesday amid growing expectations that the government will announce new austerity measures this week to secure European financial support.
Canon: Still short of target in Oce bid
March 2, 2010
TOKYO/AMSTERDAM (Reuters) - Japan's Canon Inc said it had acquired or been tendered 71 percent of Oce's shares in a takeover bid of the Dutch printer maker that closed Monday, short of its target of 85 percent.
March 2, 2010
TOKYO/AMSTERDAM (Reuters) - Japan's Canon Inc said it had acquired or been tendered 71 percent of Oce's shares in a takeover bid of the Dutch printer maker that closed Monday, short of its target of 85 percent.
GM triples Opel financing, cuts aid request
March 2, 2010
FRANKFURT (Reuters) - General Motors has tripled its funding of European arm Opel and cut its request for state aid in a bid to win over European governments and labor.
March 2, 2010
FRANKFURT (Reuters) - General Motors has tripled its funding of European arm Opel and cut its request for state aid in a bid to win over European governments and labor.
Judge could tip General Growth future
March 2, 2010
NEW YORK (Reuters) - The top two U.S. mall owners will square off before a judge on Wednesday to shape the outcome of the largest U.S. real estate bankruptcy ever.
March 2, 2010
NEW YORK (Reuters) - The top two U.S. mall owners will square off before a judge on Wednesday to shape the outcome of the largest U.S. real estate bankruptcy ever.
Europe car sales fall; Hyundai benefits
March 2, 2010
GENEVA/SEOUL (Reuters) - Carmakers are bracing for lower sales in Europe this year as incentive programs end, while elsewhere companies are seeing opportunities in their competitors' product recalls.
March 2, 2010
GENEVA/SEOUL (Reuters) - Carmakers are bracing for lower sales in Europe this year as incentive programs end, while elsewhere companies are seeing opportunities in their competitors' product recalls.
Dow to sell Styron unit to Bain Capital
March 2, 2010
NEW YORK (Reuters) - Dow Chemical Co is to sell its Styron unit to Bain Capital, two sources familiar with the matter said on Tuesday.
March 2, 2010
NEW YORK (Reuters) - Dow Chemical Co is to sell its Styron unit to Bain Capital, two sources familiar with the matter said on Tuesday.