IMF's Lipsky says moderate world recovery underway
GWANGJU, South Korea (Reuters) - The world economy is recovering moderately but still faces challenges such as the need for medium-term fiscal consolidation, the IMF's First Managing Director, John Lipsky, said on Sunday.
"They ...
|
Anglo Irish Bank to be "decommissioned": minister
DUBLIN (Reuters) - Nationalized Anglo Irish Bank <ANGIB.UL> will be "decommissioned," with a decision on its fate expected within a few weeks, a junior government minister was quoted on Saturday as saying.
The comments ...
|
Obama says his economic policies halted "bleeding"
By Steve Holland
WASHINGTON (Reuters) - President Barack Obama, previewing a big push on the U.S. economy next week, on Saturday defended policies that he said "have stopped the bleeding" and put the middle ...
|
BP replaces failed blowout preventer on Gulf well
By Kristen Hays
HOUSTON (Reuters) - BP Plc successfully replaced a failed blowout preventer from atop its ruptured Gulf of Mexico oil well late on Friday, the top U.S. official overseeing the spill response ...
|
Taxpayers likely to face initial loss on GM IPO: sources
By Clare Baldwin, Soyoung Kim and Kevin Krolicki
NEW YORK/DETROIT (Reuters) - The U.S. government is likely to take a loss on General Motors Co in the first offering of the automaker's stock, six ...
|
Taxpayers to face initial loss on GM IPO: sources
NEW YORK/DETROIT (Reuters) - The U.S. government is likely to take a loss on General Motors Co in the first offering of the automaker's stock, six people familiar with preparations for the landmark IPO said.
...
|
Obama to address new economic ideas next Wednesday
By Alister Bull and Jeff Mason
WASHINGTON (Reuters) - President Barack Obama said on Friday he would outline new measures next week to boost the U.S. economy, but analysts were skeptical he would be ...
|
Payrolls data offer ray of hope for recovery
By Lucia Mutikani
WASHINGTON (Reuters) - Employment fell for a third straight month in August, but the drop was far less than expected and private hiring was a positive surprise, relieving concerns about a ...
|
China tells state companies to explore Potash bid
By Euan Rocha and Joseph Chaney
TORONTO/HONG KONG (Reuters) - Chinese officials have ordered state companies to meet investment bankers to explore ways to block BHP Billiton's $39 billion bid for Potash Corp, a ...
|
Stocks rally as jobs data spurs optimism
By Rodrigo Campos
NEW YORK (Reuters) - Wall Street closed a stellar week on Friday after recent economic data, including a stronger-than-expected labor market report, bolstered optimism that the economy would not fall back ...
|
S&P 500 rides wave of optimism to best week in eight
NEW YORK (Reuters) - The broad S&P 500 index closed its best week in eight on Friday after recent economic data, including a stronger-than-expected labor market report, bolstered optimism that the economy would not fall back into recession.
...
|
Stocks set for best week in six as fear eases
By Rodrigo Campos
NEW YORK (Reuters) - Wall Street was set to close its best week in six on Friday after economic data, including a stronger-than-expected labor market report, helped soothe fears the economy ...
|
BP says failed blowout preventer off Gulf well
HOUSTON (Reuters) - BP Plc removed a failed blowout preventer from atop its ruptured Gulf of Mexico oil well on Friday afternoon, a company spokesman said.
"The Deepwater Horizon BOP stack was successfully detached" ...
|
Wall Street set for bumper week as economy fears ease
By Edward Krudy
NEW YORK (Reuters) - Wall Street was set to close out its best week in six on Friday after recent economic data, including a stronger-than-expected jobs report, showed the U.S. economy ...
|
China tells state firms to explore Potash bid: source
By Joseph Chaney and Victoria Thieberger
HONG KONG/MELBOURNE (Reuters) - Chinese officials have ordered state companies to meet investment bankers to explore ways to block BHP Billiton's $39 billion bid for Potash Corp, a ...
|
Wall St climbs as jobs data spurs risk appetite
By Edward Krudy
NEW YORK (Reuters) - Wall Street advanced for a third day on Friday as the monthly payrolls data showed the U.S. economy may be in better shape than investors had thought ...
|
Obama says to address new economic ideas next week
WASHINGTON (Reuters) - President Barack Obama on Friday said he would address a package of new measures next week to boost U.S. growth and hiring as he greeted the August job report as positive news.
...
|
Wall St rises after payrolls data
By Chuck Mikolajczak
NEW YORK (Reuters) - Wall Street advanced on Friday after a better-than-expected jobs report lifted investor optimism on the economy but gains were checked after data showed services sector activity slowed.
...
|
Wall St trim gains after ISM data
NEW YORK (Reuters) - U.S. stocks trimmed gains on Friday after data showed the non-manufacturing sector grew at a slower pace than expected in August.
* The Dow Jones industrial average <.DJI> rose 106.00 ...
|
Wall St opens higher on jobs data
NEW YORK (Reuters) - U.S. stocks opened higher on Friday after a better-than-expected jobs report lifted investor optimism on the economy.
* The Dow Jones industrial average <.DJI> gained 93.55 points, or 0.91 percent, ...
|
China orders state firms to explore Potash bid
By Joseph Chaney and Victoria Thieberger
HONG KONG/MELBOURNE (Reuters) - Chinese officials have ordered state-owned companies to meet with investment bankers to explore potential options to block BHP Billiton's $39 billion bid for Canada's ...
|
Wall St set for higher open after payrolls
By Chuck Mikolajczak
NEW YORK (Reuters) - Wall Street was poised for a strong open on Friday after a better-than-expected jobs report lifted investor optimism on the economy.
...
|
Payrolls fall less than expected 54,000 in August
By Lucia Mutikani
WASHINGTON (Reuters) - U.S. employment fell for a third straight month in August, but the drop was far less than expected and private payrolls growth surprised on the upside, easing pressure ...
|
Campbell Soup profit beats Street but sales light
By Brad Dorfman
CHICAGO (Reuters) - Campbell Soup Co <CPB.N> posted lower-than-expected quarterly sales and forecast sales growth for the new fiscal year would be below its long-term target as the world's largest soup ...
|
Stock futures rise after jobs data
NEW YORK (Reuters) - Stock index futures rose on Friday after data showed the decline in employment was far less than expected in August.
S&P 500 futures rose 10.8 points and were above fair ...
|
Payrolls fall less than expected in August
By Lucia Mutikani
WASHINGTON (Reuters) - U.S. employment fell for a third straight month in August, but the decline was far less than expected and private payrolls growth surprised on the upside, easing pressure ...
|
Stock futures flat ahead of payrolls
By Chuck Mikolajczak
NEW YORK (Reuters) - Stock index futures were little changed on Friday ahead of the key monthly payrolls report that will give investors insight on the state of the ailing labor ...
|
Campbell Soup profit beats estimates
CHICAGO (Reuters) - Campbell Soup Co <CPB.N> reported higher-than-expected quarterly earnings on Friday, helped by cost cuts and sales of V8 juice drinks, even as U.S. soup sales fell.
The company also forecast sales ...
|
BP oil spill costs hit $8 billion as ends rig probe
By Tom Bergin
LONDON (Reuters) - BP Plc said the cost of dealing with its oil spill in the Gulf of Mexico had risen to $8 billion as the oil giant prepared to release ...
|
Stock index futures dip ahead of payrolls
(Reuters) - Stock index futures pointed to a slightly lower open on Wall Street on Friday, with futures for the S&P 500 down 0.21 percent, Dow Jones futures down 0.17 percent and Nasdaq100 futures flat at 0725 GMT (3:25 a.m. ET).
...
|
BP Gulf of Mexico oil spill costs hit $8 billion
LONDON (Reuters) - BP Plc said on Friday the cost of dealing with its oil spill in the Gulf of Mexico had risen to $8 billion and that it was a fortnight away from sealing the well for good.
...
|
Payrolls seen falling, private hiring tepid
By Lucia Mutikani
WASHINGTON (Reuters) - Employment likely fell for a third straight month in August as more temporary census jobs ended and cautious businesses scaled back hiring, an outcome that could pressure the ...
|
Heavy in dollars, China warns of depreciation
By Zhou Xin and Simon Rabinovitch
BEIJING (Reuters) - China on Friday offered a rare glimpse into its foreign exchange reserves, confirming that they are overwhelmingly allocated in dollars, while a central banker said ...
|
China approached Canadian fund on rival Potash bid
By Victoria Thieberger and Rod Nickel
MELBOURNE/TORONTO (Reuters) - Chinese and other investors have approached at least one big Canadian pension manager about a bid for Canada's Potash Corp to rival BHP Billiton's $39 ...
|
Murdoch: Global economy is still not out of turmoil
By Yinka Adegoke
NEW YORK (Reuters) - News Corp <NWSA.O> Chief Executive Rupert Murdoch said the global economy is still in an uncertain state and the media industry is going through a fundamental transformation ...
|
GM's new boss woos autoworkers in first staff memo
DETROIT (Reuters) - General Motors' <GM.UL> new boss Dan Akerson sent his first letter to staff on Thursday, saying he valued the role of organized labor in the company's success as GM heads into negotiations with its union-represented U.S. workers next year.
...
|
Stocks rise on economic hopes ahead of payrolls
By Rodrigo Campos
NEW YORK (Reuters) - Stocks rose on low volume on Thursday as data showed improvement in housing and the job market a day ahead of the critical monthly payrolls figures.
...
|
HP wins 3PAR for $2.4 billion as Dell drops out
By Ritsuko Ando
NEW YORK (Reuters) - Hewlett-Packard Co won the bidding war to buy data storage company 3PAR Inc for $2.4 billion, as rival Dell Inc bowed out on Thursday.
...
|
Housing, jobless claims data lift Wall Street
NEW YORK (Reuters) - Stocks rose on low volume on Thursday as data showed improvement in housing and the job market a day ahead of the critical monthly payrolls figures.
The Dow Jones industrial ...
|
Canada fund approached by China investors on Potash
By Jeff Jones and Rod Nickel
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 Potash CorpI to ...
|
Burger King agrees to $3.3 billion sale to 3G Capital
By Lisa Baertlein
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. fast-food chain breathing room to fix ...
|
Music labels eager for Google-Apple battle
By Yinka Adegoke
NEW YORK (Reuters) - Google Inc is in talks with music labels on plans for a download store and a digital song locker that would allow its mobile users to play ...
|
Bernanke takes blame for muddled message on Lehman
By Mark Felsenthal and Dave Clarke
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 have saved Lehman ...
|
S&P and Nasdaq buoyed by housing, jobs data
By Ryan Vlastelica
NEW YORK (Reuters) - The S&P 500 and Nasdaq advanced on Thursday, building on their best day in eight weeks in the previous session as data showed an improvement in pending ...
|
S&P, Nasdaq rise on bullish data
By Ryan Vlastelica
NEW YORK (Reuters) - The S&P 500 and Nasdaq gained on Thursday, building on their best day in eight weeks in the previous session as data showed an improvement in pending ...
|
Bernanke takes blame for muddling message on Lehman
By Mark Felsenthal and Dave Clarke
WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke said he was partly to blame for leaving the wrong impression that the central bank could have saved Lehman Brothers ...
|
