CUPERTINO, Calif./LONDON (Reuters) - Amazon.com Inc is introducing Kindle, its wireless electronic reader, for over 100 countries, including China and most of Europe, intensifying a battle for the burgeoning digital book market.

BRUSSELS (Reuters) - Microsoft has improved its offer to give users in Europe the chance to choose other Web browsers, EU antitrust regulators said on Wednesday and asked rivals to comment on the proposal.

GENEVA (Reuters) - Julius Baer's purchase of ING's Swiss private banking assets marks the start of a consolidation wave in the wealth management industry, insiders told the Reuters Global Wealth Management summit.

(Reuters) - U.S. government-controlled mortgage finance companies Freddie Mac and Fannie Mae are working on a program to help independent mortgage banks get access to short-term credit needed to make home loans, the Wall Street Journal said, citing people familiar with the matter.

Bank of America directors have narrowed the internal candidates to succeed retiring CEO Lewis to the bank's chief risk officer, Gregory Curl, and consumer and small-business banking chief, Brian Moynihan.

Bank of America directors have narrowed the internal candidates to succeed retiring CEO Lewis to the bank's chief risk officer, Gregory Curl, and consumer and small-business banking chief, Brian Moynihan.

CUPERTINO, Calif./LONDON (Reuters) - Amazon.com Inc is introducing Kindle, its wireless electronic reader, for over 100 countries, including China and most of Europe, intensifying a battle for the burgeoning digital book market.

Henry Hu, the Securities and Exchange Commission’s recently-appointed director of the Division of Risk, Strategy, and Financial Innovation, spoke before the House Committee on Financial Services this morning regarding proposed legislation that would hedge in the derivatives market. The legislation, the Over-the-Counter Derivatives Markets Act of 2009, first proposed by President Barack Obama in August, would implement a number of regulatory controls over the sale of such investment vehicles, including the clarification and re-strengthening of existing controls. “It is critical that we work together to enact legislation that will bring greater transparency and oversight to the OTC derivatives market,” said Hu in his prepared remarks.

To read Hu’s complete speech, click here.

To read the proposed legislation, click here.

BRUSSELS (Reuters) - Microsoft has improved its offer to give users in Europe the chance to choose other Web browsers, EU antitrust regulators said on Wednesday and asked rivals to comment on the proposal.

GENEVA (Reuters) - Julius Baer's purchase of ING's Swiss private banking assets marks the start of a consolidation wave in the wealth management industry, insiders told the Reuters Global Wealth Management summit.

NEW YORK (Reuters) - Google Inc Chief Executive Eric Schmidt said on Wednesday that the worst of the advertising recession was over, and pointed to signs of a recovery in both Europe and the United States.

(Reuters) - U.S. government-controlled mortgage finance companies Freddie Mac and Fannie Mae are working on a program to help independent mortgage banks get access to short-term credit needed to make home loans, the Wall Street Journal said, citing people familiar with the matter.

WASHINGTON (Reuters) - The Federal Reserve told bank examiners last month that banks were slow to take losses on their commercial real estate loans that have suffered as property values sink.

DENVER (Reuters) - A Federal Reserve official said on Tuesday that while the U.S. economy is clearly rebounding, it is too soon to begin to withdraw the Federal Reserve's massive support.

The U.S. pay czar is planning to clamp down on compensation at firms receiving large sums of government aid by cutting cash salaries for top earners and shifting a chunk of their salaries into stock.

The U.S. pay czar is planning to clamp down on compensation at firms receiving large sums of government aid by cutting cash salaries for top earners and shifting a chunk of their salaries into stock.

AmEx's No. 2 is resigning to pursue a CEO post elsewhere after being denied the card firm's top spot. Alfred F. Kelly Jr. is seen as a potential short-term chief at BofA.

AmEx's No. 2 is resigning to pursue a CEO post elsewhere after being denied the card firm's top spot. Alfred F. Kelly Jr. is seen as a potential short-term chief at BofA.

AmEx's No. 2 is resigning to pursue a CEO post elsewhere after being denied the card firm's top spot. Alfred F. Kelly Jr. is seen as a potential short-term chief at BofA.

NEW YORK (Reuters) - Google Inc Chief Executive Eric Schmidt said on Wednesday that the worst of the advertising recession was over, and pointed to signs of a recovery in both Europe and the United States.

WASHINGTON (Reuters) - The Federal Reserve told bank examiners last month that banks were slow to take losses on their commercial real estate loans that have suffered as property values sink.

DENVER (Reuters) - A Federal Reserve official said on Tuesday that while the U.S. economy is clearly rebounding, it is too soon to begin to withdraw the Federal Reserve's massive support.

        Unsubscribe | Update Your Profile | Email Help