Tyco Int’l sees tough fiscal 2010, shares slip
November 10, 2009
BOSTON (Reuters) - Industrial conglomerate Tyco International Ltd said it expects its revenue to continue to slide until late in its 2010 fiscal year, sending its shares down 3 percent on Tuesday.
November 10, 2009
BOSTON (Reuters) - Industrial conglomerate Tyco International Ltd said it expects its revenue to continue to slide until late in its 2010 fiscal year, sending its shares down 3 percent on Tuesday.
AIG likely to be able to repay government: Moody’s
November 10, 2009
NEW YORK (Reuters) - Insurance giant AIG has made progress on its restructuring and will likely be able to repay a taxpayer bailout and buy back much of the government's stake in the company, Moody's Investors Service said on Monday.
November 10, 2009
NEW YORK (Reuters) - Insurance giant AIG has made progress on its restructuring and will likely be able to repay a taxpayer bailout and buy back much of the government's stake in the company, Moody's Investors Service said on Monday.
Fed’s Lockhart: Need to ensure U.S. recovery is durable
November 10, 2009
ATLANTA (Reuters) - The U.S. economy has entered a recovery and policymakers should now focus on ensuring it is a durable one, a top Federal Reserve official said on Tuesday.
November 10, 2009
ATLANTA (Reuters) - The U.S. economy has entered a recovery and policymakers should now focus on ensuring it is a durable one, a top Federal Reserve official said on Tuesday.
Fed’s Yellen sees risks to U.S. recovery
November 10, 2009
PHOENIX (Reuters) - The U.S. economic recovery still faces many hurdles, including a persistently weak labor market and strained household budgets, Janet Yellen, President of the Federal Reserve Bank of San Francisco, said on Tuesday.
November 10, 2009
PHOENIX (Reuters) - The U.S. economic recovery still faces many hurdles, including a persistently weak labor market and strained household budgets, Janet Yellen, President of the Federal Reserve Bank of San Francisco, said on Tuesday.
Home prices fell in most U.S. cities
November 10, 2009
WASHINGTON (Reuters) - Home prices fell in the third quarter from year-ago levels in about 80 percent of U.S. metropolitan areas, the National Association of Realtors said on Tuesday.
November 10, 2009
WASHINGTON (Reuters) - Home prices fell in the third quarter from year-ago levels in about 80 percent of U.S. metropolitan areas, the National Association of Realtors said on Tuesday.
Barclays, HSBC: bad debts may have peaked
November 10, 2009
LONDON (Reuters) - Britain's top two banks, HSBC and Barclays, signaled bad debts may be past their peak, with HSBC declaring on Tuesday the first improvement for three years in losses on U.S. consumer credit.
November 10, 2009
LONDON (Reuters) - Britain's top two banks, HSBC and Barclays, signaled bad debts may be past their peak, with HSBC declaring on Tuesday the first improvement for three years in losses on U.S. consumer credit.
Beazer flips to quarterly profit
November 10, 2009
NEW YORK (Reuters) - Beazer Homes USA Inc on Tuesday reported its first quarterly profit in more than a year, sending its shares up 8 percent in premarket trading.
November 10, 2009
NEW YORK (Reuters) - Beazer Homes USA Inc on Tuesday reported its first quarterly profit in more than a year, sending its shares up 8 percent in premarket trading.
Tyco profits fall less than expected
November 10, 2009
NEW YORK (Reuters) - Industrial conglomerate Tyco International Ltd posted a 53 percent drop in quarterly net profit as soft economic conditions sapped demand for its construction and control products.
November 10, 2009
NEW YORK (Reuters) - Industrial conglomerate Tyco International Ltd posted a 53 percent drop in quarterly net profit as soft economic conditions sapped demand for its construction and control products.
Lloyds to cut another 5,000 jobs
November 10, 2009
LONDON (Reuters) - Bailed-out British lender Lloyds Banking Group is to cut a further 5,000 jobs by the end of 2010 as it continues to overhaul its operations and integrate HBOS.
November 10, 2009
LONDON (Reuters) - Bailed-out British lender Lloyds Banking Group is to cut a further 5,000 jobs by the end of 2010 as it continues to overhaul its operations and integrate HBOS.
EU to investigate Reuters datafeed tool
November 10, 2009
BRUSSELS (Reuters) - EU antitrust regulators launched an investigation on Tuesday into news and financial data publisher Thomson Reuters' use of its real-time market datafeed, saying it might block users moving to rival firms. The European Commission, which polices competition in the 27-country European Union, said the investigation was launched on its own initiative and that it did not imply it had proof of an infringement.
November 10, 2009
BRUSSELS (Reuters) - EU antitrust regulators launched an investigation on Tuesday into news and financial data publisher Thomson Reuters' use of its real-time market datafeed, saying it might block users moving to rival firms. The European Commission, which polices competition in the 27-country European Union, said the investigation was launched on its own initiative and that it did not imply it had proof of an infringement.
Peak oil closer than IEA forecasts show
November 10, 2009
LONDON (Reuters) - The world is closer to a peak in oil supply than International Energy Agency estimates admit, UK newspaper The Guardian reported in its Tuesday edition, citing an unidentified "whistleblower" at the IEA.
November 10, 2009
LONDON (Reuters) - The world is closer to a peak in oil supply than International Energy Agency estimates admit, UK newspaper The Guardian reported in its Tuesday edition, citing an unidentified "whistleblower" at the IEA.
Stronger U.S. GDP seen in 2010
November 10, 2009
WASHINGTON (Reuters) - Top forecasters are growing more confident the U.S. economy has embarked on a sustainable recovery, a survey released on Tuesday showed.
November 10, 2009
WASHINGTON (Reuters) - Top forecasters are growing more confident the U.S. economy has embarked on a sustainable recovery, a survey released on Tuesday showed.
HSBC underlying profits ahead, U.S. bad debts dip
November 10, 2009
LONDON (Reuters) - Europe's biggest bank HSBC Holdings said its underlying third quarter profits were "significantly ahead" of a year ago and said losses on U.S. consumer loans had shown their first fall in three years.
November 10, 2009
LONDON (Reuters) - Europe's biggest bank HSBC Holdings said its underlying third quarter profits were "significantly ahead" of a year ago and said losses on U.S. consumer loans had shown their first fall in three years.
Barclays restarts dividends
November 10, 2009
LONDON (Reuters) - Barclays Plc said strong investment banking helped limit a fall in profit in the third quarter and it expects bad debts to peak earlier than it had previously expected.
November 10, 2009
LONDON (Reuters) - Barclays Plc said strong investment banking helped limit a fall in profit in the third quarter and it expects bad debts to peak earlier than it had previously expected.
Lazard may get more than one leader: report
November 10, 2009
(Reuters) - Investment bank Lazard's board may pick more than one person to lead the company following the death of Chief Executive Bruce Wasserstein, the New York Post said.
November 10, 2009
(Reuters) - Investment bank Lazard's board may pick more than one person to lead the company following the death of Chief Executive Bruce Wasserstein, the New York Post said.
Global stocks rise as risk favored
November 10, 2009
LONDON (Reuters) - World stocks ticked higher on Tuesday as positive reports from UK banks kept the momentum with investors who chased risky assets in anticipation countries would keep monetary policy accommodative.
November 10, 2009
LONDON (Reuters) - World stocks ticked higher on Tuesday as positive reports from UK banks kept the momentum with investors who chased risky assets in anticipation countries would keep monetary policy accommodative.
Yahoo aims to boost margins
November 10, 2009
SINGAPORE (Reuters) - Yahoo Inc wants to triple its operating margin to 15-20 percent over the next three years by increasing revenue and keeping costs under control, CEO Carol Bartz said on Tuesday.
November 10, 2009
SINGAPORE (Reuters) - Yahoo Inc wants to triple its operating margin to 15-20 percent over the next three years by increasing revenue and keeping costs under control, CEO Carol Bartz said on Tuesday.
SocGen’s top analyst sees market lows next year
November 9, 2009
HONG KONG (Reuters) - Albert Edwards, a top analyst with French bank Societe Generale, expects global markets to hit a new low in 2010, adding that he would not be surprised if the global economy enters another recession next year.
November 9, 2009
HONG KONG (Reuters) - Albert Edwards, a top analyst with French bank Societe Generale, expects global markets to hit a new low in 2010, adding that he would not be surprised if the global economy enters another recession next year.
Google buys mobile ad firm for $750 million
November 9, 2009
SAN FRANCISCO (Reuters) - Google Inc said on Monday that it was acquiring of AdMob, one of the largest mobile advertising networks, for $750 million, widening its bet that cell phone advertising could become the Internet's next-big money maker.
November 9, 2009
SAN FRANCISCO (Reuters) - Google Inc said on Monday that it was acquiring of AdMob, one of the largest mobile advertising networks, for $750 million, widening its bet that cell phone advertising could become the Internet's next-big money maker.
Electronic Arts posts loss, to cut jobs
November 9, 2009
SAN FRANCISCO (Reuters) - Electronic Arts Inc posted a wider quarterly loss and said it would cut about 1,500 jobs, or about 17 percent of its workforce, in another round of restructuring for the video game publisher.
November 9, 2009
SAN FRANCISCO (Reuters) - Electronic Arts Inc posted a wider quarterly loss and said it would cut about 1,500 jobs, or about 17 percent of its workforce, in another round of restructuring for the video game publisher.