Reuters Business News

Syndicate content Reuters News
Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals.
Updated: 1 hour 28 min ago

Citigroup to pay $75 million to settle SEC charges

3 hours 20 min ago
NEW YORK (Reuters) - Citigroup Inc will pay $75 million to settle charges that it failed to disclose subprime exposure to investors in 2007, the U.S. Securities and Exchange Commission said on Thursday.


Categories: business

Samsung Elec posts record Q2 on strong chip sales

4 hours 31 min ago
SEOUL (Reuters) - Samsung Electronics Co, the world's top maker of memory chips and flat screen TVs, reported a record quarterly profit on Friday, aided by strong sales of both of its key products.


Categories: business

Fed officials clash on need for more stimulus

5 hours 6 min ago
WASHINGTON (Reuters) - Federal Reserve officials clashed on Thursday over whether the central bank should be more aggressive in supporting the stumbling economy and one said the Fed's current policy may be contributing to worryingly low levels of inflation.


Categories: business

SEC charges Wyly brothers with $550 million fraud

5 hours 14 min ago
NEW YORK (Reuters) - The Securities and Exchange Commission charged billionaire Samuel Wyly and his brother Charles with fraud for reaping more than $550 million of illicit gains by trading stock in four companies while they were serving as directors.


Categories: business

Unemployment claims fall, but still elevated

5 hours 58 min ago
WASHINGTON (Reuters) - New claims for unemployment benefits slipped last week, but stayed at a stubbornly high level that underscored the labor market recovery was having trouble gaining traction.


Categories: business

Global body proposes rule to end insurer "black box"

6 hours 2 min ago
LONDON (Reuters) - A global accounting standard setter proposed a new rule for insurers on Friday, aiming to shine a light on a sector criticized by investors for being a "black box" that keeps them in the dark.


Categories: business

MetLife posts Q2 earnings of $1.5 billion, beating Street

6 hours 24 min ago
NEW YORK (Reuters) - MetLife Inc , the biggest U.S. life insurance company, posted a second-quarter profit of $1.53 billion, helped by higher premium revenue from sales domestically and abroad.


Categories: business

BNP hires ex BofA executive Innes for equity sales

6 hours 54 min ago
NEW YORK (Reuters) - BNP Paribas SA has hired former Bank of America Corp executive Chris Innes to head equity sales for the Americas in New York, a person familiar with the matter said.


Categories: business

Wall St falls on tech outlook worries

8 hours 16 sec ago
NEW YORK (Reuters) - U.S. stocks sagged in volatile trading on Thursday after weak outlooks from technology companies and downbeat comments from a Federal Reserve official gave investors little reason to buy.


Categories: business

Colgate, Glaxo sue over toothpaste "nurdle"

8 hours 25 min ago
NEW YORK (Reuters) - Two lawsuits have been filed over a gob of toothpaste.


Categories: business

Small business lending plan blocked in Senate

12 hours 41 min ago
WASHINGTON (Reuters) - Senate Republicans on Thursday blocked a $30-billion plan to help community banks boost lending to small businesses, dealing a blow to President Barack Obama's election-year battle to reduce unemployment.


Categories: business

Fed's Bullard: buy more Treasuries if prices dip

13 hours 3 min ago
WASHINGTON (Reuters) - A top Federal Reserve official said on Thursday the Fed should consider buying more Treasury securities instead of promising to hold rates low for an extended period to support the weak economic recovery if inflation drifts lower.


Categories: business

Thomson Reuters forecasts return to revenue growth

13 hours 9 min ago
NEW YORK (Reuters) - News and data provider Thomson Reuters Corp forecast a return to growth this quarter on stronger sales of financial terminals for traders and the new WestlawNext database for lawyers.


Categories: business

Sony surprises with Q1 profit, raises outlook

13 hours 43 min ago
TOKYO (Reuters) - Sony Corp lifted its annual outlook and returned to profitability in the first quarter on booming demand for its Bravia flat TVs and PlayStation 3 game consoles.


Categories: business

Exxon, Shell growth now led by natural gas

13 hours 55 min ago
LONDON/HOUSTON (Reuters) - Exxon Mobil and Royal Dutch Shell Plc reported strong growth in production on Thursday after years of largely falling output, helping to send second-quarter profits soaring.


Categories: business

Toyota recalling over 416,000 cars in U.S., Canada

14 hours 32 min ago
TOKYO/DETROIT (Reuters) - Toyota Motor Corp said on Thursday it would recall nearly 417,000 high-end passenger cars and SUVs in the United States and Canada to fix steering problems.


Categories: business

Hertz says reviewing Avis' offer for Dollar Thrifty

16 hours 11 min ago
BANGALORE (Reuters) - Hertz Global Holdings Inc is reviewing Avis Budget Group Inc's bid for Dollar Thrifty Automotive Group , a company spokesperson told Reuters.


Categories: business

Panasonic buying Sanyo and other unit for $9.4 billion

16 hours 22 min ago
TOKYO (Reuters) - Japan's Panasonic Corp said it would buy out subsidiaries Sanyo Electric and Panasonic Electric Works for up to $9.4 billion in cash and shares to accelerate its push into greener businesses.


Categories: business

Hyundai Q2 profit hits record on U.S. and China demand

Thu, 2010-07-29 05:22
SEOUL (Reuters) - Hyundai Motor Co , South Korea's top automaker, said on Thursday its quarterly net profit rose 71 percent to a record high, beating estimates on healthy demand in the United States and China.


Categories: business

Asia shares retreat from highs

Thu, 2010-07-29 04:33
TOKYO (Reuters) - Asian stocks edged down from a three-month high and the dollar eased toward three-month lows on Thursday, hit by soft U.S. data that underlined the patchy nature of the U.S. economic recovery.


Categories: business

User login

acebook
Sign in using Facebook

Poll

Are you currently bullish or bearish on the economy and the stock market?:

Email Center

Username:

@StockValues.Com

Password:


New Users
Lost Password
I Need Help





Who's online

There are currently 0 users and 1 guest online.