- EU leaders examine steps for orderly bank wind-ups
BRUSSELS (Reuters) - European Union leaders discussed broad measures to stem the fallout from a winding up or restructuring of bad banks on Wednesday, EU officials said, with the European Central Bank … More »EU leaders examine steps for orderly bank wind-ups
BRUSSELS (Reuters) - European Union leaders discussed broad measures to stem the fallout from a winding up or restructuring of bad banks on Wednesday, EU officials said, with the European Central Bank pressing for the bloc to stand behind its struggling lenders. At the heart of the discussion are proposals from the European …
- Comments after EU leaders' summit
BRUSSELS (Reuters) - European leaders discussed ways to revive their economies on Wednesday night, with growth and jobs on the agenda along with the situation in Greece. Following are comments by EU leaders … More »Comments after EU leaders' summit
BRUSSELS (Reuters) - European leaders discussed ways to revive their economies on Wednesday night, with growth and jobs on the agenda along with the situation in Greece. Following are comments by EU leaders and officials after the talks ended early on Thursday: EU LEADERS' STATEMENT ON GREECE: "We discussed the political …
HP to lay off 27,000, profit slides 31 percentSAN FRANCISCO (Reuters) - Hewlett Packard Co plans to lay off roughly 27,000 employees or about 8 percent of its workforce over the next couple of years to jumpstart growth and save up to $3.5 billion … More »HP to lay off 27,000, profit slides 31 percent
SAN FRANCISCO (Reuters) - Hewlett Packard Co plans to lay off roughly 27,000 employees or about 8 percent of its workforce over the next couple of years to jumpstart growth and save up to $3.5 billion annually, sending its shares 11 percent higher. The company said the layoffs would be made mainly through early retirement …
EU urges Greece to stay in euro, but plans for possible exitBRUSSELS (Reuters) - European Union leaders, advised by senior officials to prepare contingency plans in case Greece decides to quit the single currency, urged the country to stay the course on austerity … More »EU urges Greece to stay in euro, but plans for possible exit
BRUSSELS (Reuters) - European Union leaders, advised by senior officials to prepare contingency plans in case Greece decides to quit the single currency, urged the country to stay the course on austerity and complete the reforms demanded under its bailout program. After nearly six hours of talks held during an informal …
- ECB's Draghi says euro zone needs fiscal union for joint bonds
BRUSSELS (Reuters) - Issuing jointly backed European debt would not make sense until the euro zone reaches some kind of fiscal union, the European Central Bank's President Mario Draghi said on Thursday … More »ECB's Draghi says euro zone needs fiscal union for joint bonds
BRUSSELS (Reuters) - Issuing jointly backed European debt would not make sense until the euro zone reaches some kind of fiscal union, the European Central Bank's President Mario Draghi said on Thursday at the end of a meeting of EU leaders. "Euro bonds make sense when you have a fiscal union, otherwise they don't make sense. …
Eurozone looks at Greek exit as leaders meetBRUSSELS (Reuters) - European leaders, at odds over how to resolve the deepening crisis in the euro zone on Wednesday, have been advised by senior officials to prepare contingency plans in case Greece … More »Eurozone looks at Greek exit as leaders meet
BRUSSELS (Reuters) - European leaders, at odds over how to resolve the deepening crisis in the euro zone on Wednesday, have been advised by senior officials to prepare contingency plans in case Greece quits the single currency area. Three officials told Reuters the instruction to be ready was agreed on Monday during a teleconference …
Wall Street finishes flat in late reversalNEW YORK (Reuters) - Stocks staged a late-day reversal on Wednesday, rallying into the close in another volatile session as a sharp rise in materials shares boosted the S&P 500 and gains in Apple helped … More »Wall Street finishes flat in late reversal
NEW YORK (Reuters) - Stocks staged a late-day reversal on Wednesday, rallying into the close in another volatile session as a sharp rise in materials shares boosted the S&P 500 and gains in Apple helped lift the Nasdaq. The action shortly before the market's close was a mirror image of Tuesday when stocks gave up gains …
First wiretap played at Gupta insider-trading trialNEW YORK (Reuters) - A New York jury on Wednesday heard former Goldman director Rajat Gupta on a FBI wiretap casually discussing business with Raj Rajaratnam, the now-imprisoned hedge fund founder he is … More »First wiretap played at Gupta insider-trading trial
NEW YORK (Reuters) - A New York jury on Wednesday heard former Goldman director Rajat Gupta on a FBI wiretap casually discussing business with Raj Rajaratnam, the now-imprisoned hedge fund founder he is accused of tipping off about boardroom secrets. The 23-minute phone call on July 29, 2008 has no direct connection to …
- Fed's Bullard says orderly Greek exit possible
ST. LOUIS (Reuters) - Greece could exit the euro zone without doing deep damage to the U.S. and European economies if the transition is handled properly, a top U.S. Federal Reserve official said on Wednesday. … More »Fed's Bullard says orderly Greek exit possible
ST. LOUIS (Reuters) - Greece could exit the euro zone without doing deep damage to the U.S. and European economies if the transition is handled properly, a top U.S. Federal Reserve official said on Wednesday. Concerns about a Greek exit have kept global financial markets under pressure in recent days. "I'm one that thinks …
Jury deals blow to Oracle in case vs. GoogleSAN FRANCISCO (Reuters) - Google Inc's Android mobile platform has not infringed Oracle Corp's patents, a California jury decided, putting an indefinite hold on Oracle's quest for damages in a legal fight … More »Jury deals blow to Oracle in case vs. Google
SAN FRANCISCO (Reuters) - Google Inc's Android mobile platform has not infringed Oracle Corp's patents, a California jury decided, putting an indefinite hold on Oracle's quest for damages in a legal fight between the two Silicon Valley giants over smartphone technology. The verdict was delivered on Wednesday in a San Francisco …
Chesapeake defends board to shareholders(Reuters) - Chesapeake Energy Corp defended its board of directors in a letter to shareholders on Wednesday as investors push for governance changes at the U.S. oil and gas company. Analysts and investors … More »Chesapeake defends board to shareholders
(Reuters) - Chesapeake Energy Corp defended its board of directors in a letter to shareholders on Wednesday as investors push for governance changes at the U.S. oil and gas company. Analysts and investors have called for change at the company after Reuters reported that Chief Executive Officer Aubrey McClendon had taken …
- Germany's Merkel says wants Greece to remain in euro zone
BRUSSELS (Reuters) - German Chancellor Angela Merkel reiterated on Thursday that it was her wish that Greece stayed in the euro zone, but that it must fulfill the commitments it had made in return for … More »Germany's Merkel says wants Greece to remain in euro zone
BRUSSELS (Reuters) - German Chancellor Angela Merkel reiterated on Thursday that it was her wish that Greece stayed in the euro zone, but that it must fulfill the commitments it had made in return for its financial aid. "We want Greece to stay in the euro, but we insist that Greece sticks to commitments that it has agreed …
Regulators, investors turn up heat over Facebook IPO(Reuters) - Two top U.S. financial regulators said on Tuesday the issues around the initial public offering of Facebook should be reviewed, putting fresh pressure on the company, its lead underwriter, … More »Regulators, investors turn up heat over Facebook IPO
(Reuters) - Two top U.S. financial regulators said on Tuesday the issues around the initial public offering of Facebook should be reviewed, putting fresh pressure on the company, its lead underwriter, Morgan Stanley, and the Nasdaq stock exchange. Facebook shares closed 8.9 percent lower at $31, following an 11 percent …
Housing market recovery gains tractionWASHINGTON (Reuters) - The U.S. spring home-selling season got off to a strong start in April with rising sales and prices providing evidence that a housing market recovery was gaining some traction. The … More »Housing market recovery gains traction
WASHINGTON (Reuters) - The U.S. spring home-selling season got off to a strong start in April with rising sales and prices providing evidence that a housing market recovery was gaining some traction. The housing sector has been the Achilles' heel of the economy ever since the home-price bubble burst. Data this week, however, …
Bundesbank says Greek euro exit "manageable"BERLIN (Reuters) - The impact of a Greek exit from the euro zone would be substantial but "manageable", Germany's Bundesbank said on Wednesday, raising pressure on Athens to keep its painful economic reforms … More »Bundesbank says Greek euro exit "manageable"
BERLIN (Reuters) - The impact of a Greek exit from the euro zone would be substantial but "manageable", Germany's Bundesbank said on Wednesday, raising pressure on Athens to keep its painful economic reforms on track. In a toughly worded monthly report, the German central bank also said euro zone member states should have …
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