business

Obama to tap Yellen for Fed vice chair: source

Reuters Business News - 3 hours 51 min ago
WASHINGTON (Reuters) - President Barack Obama plans to nominate San Francisco Federal Reserve Bank President Janet Yellen, a respected policy dove, to be vice chairman of the central bank, a source familiar with the process said on Thursday.


Categories: business

Consumer sentiment dipped in early March

Reuters Business News - 3 hours 57 min ago
NEW YORK (Reuters) - U.S. consumer sentiment declined slightly in early March, with Americans less positive about the job outlook, a survey released on Friday showed.


Categories: business

Wall Street off on confidence, inventories

Reuters Business News - 3 hours 58 min ago
NEW YORK (Reuters) - U.S. stocks lost steam and major indexes turned negative on Friday after data showed an unexpected drop in consumer confidence in early March.


Categories: business

AnnTaylor profit surprises, but outlook worries

Reuters Business News - 4 hours 13 min ago
NEW YORK (Reuters) - Women's apparel retailer AnnTaylor Stores Corp posted a surprise quarterly profit, but gave a disappointing forecast as it remains cautious about spending this spring.


Categories: business

Retail sales rise as shoppers fight winter blues

Reuters Business News - 4 hours 25 min ago
WASHINGTON (Reuters) - U.S. retail sales rose unexpectedly last month despite heavy snow storms and a drop in vehicle purchases by consumers spooked by Toyota recalls, bolstering hopes of a sustainable economic recovery.


Categories: business

UBS urges parliament to back U.S. tax deal: report

Reuters Business News - 4 hours 31 min ago
ZURICH (Reuters) - Switzerland's UBS has warned parliamentarians failure to back a deal to end its bitter U.S. tax row with the bank could result in a damaging backlash for Swiss banks as well as the Alpine nation's economy.


Categories: business

KKR files for long-awaited NYSE listing

Reuters Business News - 5 hours 26 min ago
NEW YORK (Reuters) - Private equity firm Kohlberg Kravis Roberts & Co has filed to list its shares on the New York Stock Exchange, moving forward with its two-year effort to become a publicly traded company.


Categories: business

Wells Fargo eyes end to Baltimore mortgage lawsuit

Reuters Business News - 5 hours 54 min ago
NEW YORK (Reuters) - Wells Fargo & Co may be moving toward a settlement of Baltimore's lawsuit accusing it of steering minority borrowers to expensive home loans.


Categories: business

Toyota discounts boost sales

Reuters Business News - Fri, 2010-03-12 04:18
DETROIT/WASHINGTON (Reuters) - Unprecedented discounts after a series of damaging recalls boosted Toyota Motor Corp's U.S. sales in early March, as U.S. regulators weighed new auto safety measures.


Categories: business

Asia stocks head for 5th week of gains

Reuters Business News - Fri, 2010-03-12 03:30
SINGAPORE (Reuters) - Asian stocks edged up on Friday, heading for a fifth straight week of rises, with energy stocks firm as oil held above $82 a barrel and financials ticking higher after U.S. talks to force broad banking reform collapsed.


Categories: business

Examiner sees accounting gimmicks in Lehman demise

Reuters Business News - Fri, 2010-03-12 03:11
NEW YORK (Reuters) - Lehman Brothers Holdings Inc used accounting gimmicks and had been insolvent for weeks before it filed for bankruptcy in September 2008, but there was not extensive wrongdoing, a court-appointed examiner has found.


Categories: business

U.S. "very close" to job growth: Summers

Reuters Business News - Fri, 2010-03-12 02:37
HOUSTON (Reuters) - White House economic adviser Larry Summers said on Thursday that the United States is "very close" to the point where job growth can begin. (Reporting by Chris Baltimore; editing by Carol Bishopric)


Categories: business

Bank reform talks fail, Dodd to go solo

Reuters Business News - Thu, 2010-03-11 22:51
WASHINGTON (Reuters) - Chances of a broad overhaul of U.S. financial regulation dimmed on Thursday after bipartisan Senate talks collapsed, jeopardizing a top Obama administration priority and boosting bank share prices.


Categories: business

Citigroup sees return to sustained profitability

Reuters Business News - Thu, 2010-03-11 21:37
NEW YORK (Reuters) - Citigroup Inc Chief Executive Vikram Pandit told investors on Thursday the bank is on track to return to sustained profitability and losses from some of its worst assets should be manageable if the economy does not deteriorate.


Categories: business

Movie "Avatar" has few fans among mining execs

Reuters Business News - Thu, 2010-03-11 21:36
NEW YORK (Reuters) - It's enough to make a mining executive grit his teeth or his kids to give him the silent treatment.


Categories: business

Fed seen keeping "extended period" low rate vow

Reuters Business News - Thu, 2010-03-11 19:20
WASHINGTON (Reuters) - Lingering U.S. labor market weakness and nagging doubts about the solidity of the economic recovery are expected to keep the Federal Reserve committed to holding borrowing costs very low for a long time at a monetary policy meeting next week.


Categories: business

EADS to cut bonuses, not jobs after A400M: exec

Reuters Business News - Thu, 2010-03-11 19:11
HELSINKI (Reuters) - Top executives at aerospace group EADS will see their bonuses hit after the cost debacle surrounding the delayed A400M military transport aircraft, but staff will mostly be spared, its top personnel executive said on Thursday.


Categories: business

Jobless claims fall, trade gap narrows on oil

Reuters Business News - Thu, 2010-03-11 19:05
WASHINGTON (Reuters) - The number of U.S. workers filing new claims for unemployment benefits fell only slightly last week, indicating that rapid job growth would probably continue to elude the economy for a while.


Categories: business

Simon CEO: No pressure from rival Gen Growth plan

Reuters Business News - Thu, 2010-03-11 18:21
NEW YORK (Reuters) - The chief executive of Simon Property Group Inc said on Thursday a revised plan by management of General Growth Properties Inc to emerge from bankruptcy would not put pressure on his company to sweeten its own $10 billion offer.


Categories: business

Exxon Mobil boosts 2010 capital spending 4 percent

Reuters Business News - Thu, 2010-03-11 17:30
NEW YORK (Reuters) - Exxon Mobil Corp will increase its capital spending nearly 4 percent this year to $28 billion in part as the largest U.S. oil company seeks to increase its share of the global market for natural gas.


Categories: business

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