Business News
Lawsuits, poker and the death of a boutique bank
NEW YORK (Reuters) - In September 2008, as Lehman Brothers was breaking into a million pieces, a young investment bank was pushing up through the
Wholesale inventories fall, restocking expected
WASHINGTON (Reuters) - U.S. wholesale inventories fell unexpectedly in January and sales hit their highest in more than a year, suggesting businesses will soon need ...
A decade later, lessons in the Nasdaq collapse
SAN FRANCISCO (Reuters) - Ten years ago today, before the dot-com bubble burst, the Nasdaq composite index hit a record 5,132.52 points -- a peak ...
GM CEO says on track for pre-June loan repayment
SAN ANTONIO (Reuters) - General Motors Co will pay back roughly $8 billion in debt to the United States and Canada before June, its ...
Senate passes $149 bln for jobless aid, tax breaks
WASHINGTON (Reuters) - The Senate on Wednesday passed a $149 billion package of jobless aid and tax breaks, as Democrats continued efforts to lower the ...
Walmart returns items to shelves after lost sales
SAN FRANCISCO (Reuters) - Wal-Mart Stores Inc has put roughly 300 items back on its U.S. store shelves after the retailer said it "disappointed" customers ...
Bets on economy lift Wall Street; banks, tech lead
NEW YORK (Reuters) - Bank and technology shares lifted Wall Street on Wednesday on hopes a revival in business demand will boost corporate profits. ...
BofA under regulatory pressure to shrink: report
CHARLOTTE, North Carolina (Reuters) - Regulators have told Bank of America Corp Chief Executive Brian Moynihan and other executives that the largest U.S. bank ...
Geithner urges reform on housing finance market
WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner said on Wednesday that "fundamental reform" of the government's role in the housing finance market is needed and ...
Bulls may extend rally from March 2009 lows
NEW YORK (Reuters) - Bulls may get more room to run next week on the anniversary of the March 2009 lows -- if U.S. stock ...
Greek drama needs political solution, even IMF: Italy
ROME (Reuters) - The crisis in Greece affects the whole of Europe and requires a political solution, which could even include a role for the ...
China steel sector faces tough restructuring: executive
BEIJING (Reuters) - China's huge and fragmented steel sector is facing a painful period of restructuring and only the best companies will survive, the head ...
Deutsche Bank denies Greek financing questionable
FRANKFURT (Reuters) - Deutsche Bank on Saturday denied a magazine report that its financing of a Greek trade deal seven years ago was "questionable." ...
Portugal gov't OKs austerity plan, details next week
LISBON (Reuters) - Portugal's Socialist government approved guidelines of a long-term budget austerity plan on Saturday, but will release details sought by markets demanding commitment ...
China seen opening soon to U.S. pork: report
KANSAS CITY (Reuters) - Pork producers attending their annual meeting here are looking for China to be the next major market to open fully to ...
In Europe, Volcker makes case for bank trading limits
BERLIN (Reuters) - Commercial banks will come to resemble hedge funds over time unless new rules are introduced setting limits on proprietary trading, White House ...
Icelanders reject deal to repay British and Dutch
REYKJAVIK (Reuters) - Icelandic voters vented their fury on Saturday at the bankers and politicians who ruined the economy, overwhelmingly rejecting a $5 billion deal ...
Pru's Thiam aims to charm top UK shareholders on AIA: report
SINGAPORE (Reuters) - Prudential Plc CEO Tidjane Thiam will attempt to charm leading shareholders on Monday, moving to quell disquiet over the British insurer's ...
Fed's Bullard: Adjust quantitative easing
St. CLOUD, Minnesota (Reuters) - The Federal Reserve should shift quantitative easing policies based on the U.S. economy's evolution, in the same way those changes ...
AIG units settle discrimination charges
WASHINGTON (Reuters) - Two AIG units settled federal charges that they discriminated against blacks in providing home loans and will pay at least $7.1 million ...
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