Business News
Bernanke takes blame for muddled message on Lehman
WASHINGTON (Reuters) - U.S. Federal Reserve Chairman Ben Bernanke said he was partly to blame for leaving the wrong impression that the central bank could
"Quote stuffing" a focus in flash crash probe
WASHINGTON/NEW YORK (Reuters) - U.S. regulators probing the May flash crash are focusing on a trading practice known as "quote stuffing", in which large numbers ...
Canada fund approached by China investors on Potash
CALGARY/Winnipeg, Manitoba (Reuters) - Chinese investors, among other unidentified parties, have approached at least one big Canadian pension manager about mounting a bid for Canada's ...
Burkle to appeal Barnes & Noble poison pill ruling
NEW YORK (Reuters) - Billionaire investor Ron Burkle plans to appeal a Delaware court ruling that upheld an anti-takeover "poison pill" put in place by ...
Economic data damp down fears of new recession
WASHINGTON (Reuters) - Pending sales of previously owned U.S. homes rebounded unexpectedly in July and new claims for jobless benefits fell last week, helping quell ...
Lehman preps bank units for sale or shutdown
NEW YORK (Reuters) - Lehman Brothers Holdings Inc , the bankrupt U.S. investment bank, needs at least $550 million to keep its two bank units ...
Burger King agrees to $3.3 billion sale to 3G Capital
LOS ANGELES (Reuters) - Burger King Holdings Inc agreed to sell itself to investment firm 3G Capital for $3.26 billion, giving the No. 2 U.S. ...
Stocks rise on economic hopes ahead of payrolls
NEW YORK (Reuters) - Stocks rose on low volume on Thursday as data showed improvement in housing and the job market a day ahead of ...
Compensation czar takes charge of $20 billion BP fund
NEW ORLEANS (Reuters) - A $20 billion compensation fund for economic victims of the BP Gulf oil spill opens for business on Monday amid accusations ...
SABMiller, Asahi eye Foster's beer unit: sources
SYDNEY/LONDON (Reuters) - Brewing groups SABMiller and Asahi Breweries are looking at Foster's Group's beer operations, valued at more than $10 billion, ...
Guilty plea in Disney insider trading case
NEW YORK (Reuters) - A man accused with his girlfriend of operating a "brazen" insider trading scheme involving Walt Disney Co stock pleaded guilty to ...
Fed's Hoenig: "too big to fail" hurts small banks
OVERLAND PARK, Kansas (Reuters) - Kansas City Federal Reserve Bank President Thomas Hoenig warned on Monday that landmark financial reforms may not end market perceptions ...
Campbell Soup considers biscuit buy: source
LONDON/NEW YORK (Reuters) - Campbell Soup Co , the world's largest soup maker, is weighing a bid for Britain's United Biscuits, a source familiar with ...
Potash Corp puts pressure on BHP to raise bid
TORONTO/NEW YORK (Reuters) - Potash Corp said on Monday it has held talks with other possible suitors as it ratcheted up pressure on BHP Billiton ...
AIG pays back $4 billion of U.S. loan
NEW YORK (Reuters) - Bailed-out insurer American International Group Inc said on Monday it paid back nearly $4 billion in U.S. loans in its single ...
HP and economy worries weigh on tech shares
NEW YORK (Reuters) - Falling technology shares weighed on the Nasdaq Composite index on Monday while gains by utilities, healthcare and other defensive sectors kept ...
Lou Simpson retiring from Berkshire's Geico unit
NEW YORK (Reuters) - Lou Simpson, who oversees investments at Geico Corp and was long considered a possible successor to Warren Buffett at Berkshire Hathaway ...
Court bars AU CEO from leaving U.S. in LCD probe
SAN FRANCISCO (Reuters) - The CEO of the world's fourth-largest maker of liquid crystal displays has been barred by a federal judge from leaving the ...
Regulators close ShoreBank in Chicago
CHICAGO (Reuters) - U.S. regulators on Friday seized notable Chicago-based community development bank ShoreBank after Wall Street backers failed to rescue the institution, and its ...
BofA, ex-CEO Lewis deny Cuomo fraud charges
NEW YORK (Reuters) - Bank of America Corp and former Chief Executive Kenneth Lewis denied civil fraud charges brought by New York's attorney general over ...
Featured author