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    U.S. Senate Majority Leader Reid speaks during his news conference on the payroll tax cut extension in Washington

    Senate Democrats agree to House bill on startups

    WASHINGTON (Reuters) - The Senate, eager to notch an election-year victory by boosting small business growth, is moving toward prompt passage of a measure that overwhelmingly passed the House of Representatives last week. Senate Majority Leader Harry Reid, a Democrat, said on Tuesday he would avoid a prolonged debate and accept the legislation that passed the Republican-controlled House by a vote of …

    WASHINGTON (Reuters) - The Senate, eager to notch an election-year victory by boosting small business growth, is moving toward prompt passage of a measure that overwhelmingly passed the House of Representatives last week. Senate Majority Leader Harry Reid, a Democrat, said on Tuesday he would avoid a prolonged debate and accept the legislation that passed the Republican-controlled House by a vote of … More »Senate Democrats agree to House bill on startups

    To match Feature APPALACHIA-CHEMICALPLANT/

    WHEELING, West Virginia (Reuters) - In George Vacheresse's lifetime, Appalachia has fallen … More »Appalachia banks on natural gas, chemical …

    Bank of America Corp CEO Moynihan looks on during the Charlotte Chamber's Economic Outlook Conference in Charlotte

    CHARLOTTE, North Carolina (Reuters) - Investors are starting to recognize Bank of America … More »Market recognizing BofA's progress, says …

    All News Articles

    • Senate Democrats agree to House bill on startups

      Reuters - Tue, Mar 13, 2012 6:54 PM EDT

      WASHINGTON (Reuters) - The Senate, eager to notch an election-year victory by boosting small business growth, is moving toward prompt passage of a measure that overwhelmingly passed the House of Representatives last week. Senate Majority Leader Harry Reid, a Democrat, said on Tuesday he would avoid a prolonged debate and accept the legislation that passed the Republican-controlled House by a vote of 390-23 last week. The bill aims to encourage job creation by making it easier for small firms to raise capital. But it is not expected to make a major dent in the high U.S. unemployment rate. ... More »Senate Democrats agree to House bill on startups

    • Appalachia banks on natural gas, chemical plants

      Reuters - Mon, Mar 12, 2012 6:16 AM EDT

      WHEELING, West Virginia (Reuters) - In George Vacheresse's lifetime, Appalachia has fallen from its prime when steel mills and coal mines anchored middle-class communities and offered hope there always would be enough work to go around. In this historically poor region nestled in the misty mountains of the eastern United States, most steel mills shut down long ago and the coal workforce has shrunk by 90 percent in the past 40 years. During the last recession, Appalachia lost all the jobs it gained from 2000 through 2008. ... More »Appalachia banks on natural gas, chemical plants

    • Market recognizing BofA's progress, says CEO Moynihan

      Reuters - Thu, Mar 1, 2012 11:13 AM EST

      CHARLOTTE, North Carolina (Reuters) - Investors are starting to recognize Bank of America Corp's efforts to build capital and streamline operations, but the bank still needs to show it can boost profits, Chief Executive Officer Brian Moynihan said in an interview this week. One promising sign is the second-largest U.S. bank by assets is attracting new customers for innovative services such as mobile banking, Moynihan said. Improvement in the U.S. economy is also key to the bank's profits, he said. ... More »Market recognizing BofA's progress, says CEO Moynihan

    • StanChart to establish Singapore subsidiary

      Reuters - Wed, Feb 29, 2012 5:17 AM EST

      SINGAPORE, Feb 29 (Reuters) - Standard Chartered Plc said on Wednesday it will set up a subsidiaryfor its consumer and small business banking operations inSingapore. The new unit will need to meet Singapore's domestic bankcapital rules. "We have taken the decision in consultation with theMonetary Authority of Singapore, and it is in line with theirthinking," the bank said in its annual results statement. ... More »StanChart to establish Singapore subsidiary

    • Newsmaker: Alibaba's Ma still faces big Yahoo test

      Reuters - Tue, Feb 21, 2012 9:25 AM EST

      SHANGHAI (Reuters) - Jack Ma insists his Alibaba Group's offer to take private its e-commerce website Alibaba.com for about $2.5 billion - at the same price as the firm's IPO about four years ago - has nothing to do with a separate, complex deal over a stake in his group held by Internet pioneer Yahoo Inc. Ma, who founded the e-commerce group and within a decade unlocked China's huge online shopping potential, said taking Alibaba. ... More »Newsmaker: Alibaba's Ma still faces big Yahoo test

    • Small UK businesses seek crowds as funding alternative

      Reuters - Tue, Feb 21, 2012 5:34 AM EST

      LONDON (Reuters) - Just weeks before the birth of her first child, Gem Misa could be found handing out samples of her home-developed salad dressing range in a high-end London department store, an apron around her heavily pregnant waist. After her daughter was born in 2010, meetings were scheduled around nap times at her kitchen table-cum-desk. Her efforts paid off: Righteous dressings are now stocked in big supermarkets such as Tesco , and turnover grew to around 120,000 pounds ($190,100) in 2011, from 10,000 pounds the year before. ... More »Small UK businesses seek crowds as funding alternative

    • UPDATE 1-Eircom says earnings fall, cuts forecasts

      Reuters - Mon, Feb 20, 2012 2:00 PM EST

      DUBLIN, Feb 20 (Reuters) - Irish telecoms group eircomsaid there had been a "significant reduction" in earnings in thesecond half of 2011, as expected, and it had lowered forecastsfor its future performance because of problems cutting costsfurther. "The results indicate declining trends caused by ...continued reduced customer confidence and heightened industrycompetition," eircom said on Monday, after presenting an updatedbusiness plan to lenders. "This is underlined by recently announced reductions in GNPprojections for Ireland," Ireland's largest fixed-line telephonecompany said. ... More »UPDATE 1-Eircom says earnings fall, cuts forecasts

    • Nasdaq looks to Congress to win market reforms

      Reuters - Thu, Feb 16, 2012 5:38 PM EST

      WASHINGTON (Reuters) - Exchange operator Nasdaq OMX is trying to gain support for a legislative proposal that would give it a competitive edge over both rival exchanges and banks that operate anonymous trading venues known as "dark pools." According to U.S. House aides familiar with the matter, Nasdaq this week has been making the rounds with congressional staff to try to win backing for an amendment it had hoped could be included in a broader small business capital-formation bill. It scored a partial victory on Thursday. ... More »Nasdaq looks to Congress to win market reforms

    • Republicans drop demand to pay for payroll tax cut

      Reuters - Mon, Feb 13, 2012 4:29 PM EST

      WASHINGTON (Reuters) - In a surprise about-face, Republican leaders in the House of Representatives dropped their demand on Monday for spending cuts to offset the costs of extending a soon-to-expire payroll tax cut for 160 million workers. The Republican offer represented a potential breakthrough in deadlocked negotiations with Democrats but it could draw fire from budget-slashing conservatives within the party who are staunchly opposed to adding to a trillion-plus deficit. ... More »Republicans drop demand to pay for payroll tax cut

    • Housing a "significant headwind" to recovery: Fed's Pianalto

      Reuters - Fri, Feb 10, 2012 1:34 PM EST

      CLEVELAND, Ohio (Reuters) - The housing market is holding back the broader economic recovery now that foreclosures have become "a national crisis," a top Federal Reserve official said on Friday. "Housing market issues pose a significant headwind to our economic recovery," said Cleveland Fed President Sandra Pianalto, a voter this year on the Fed's policy-setting panel. "Specifically, losses in housing wealth have held back consumer spending, sapped household confidence and reduced the ability of small-business owners to obtain credit. ... More »Housing a "significant headwind" to recovery: Fed's Pianalto

    • Analysis: Stock-picking makes a comeback as macro tides fade

      Reuters - Fri, Feb 3, 2012 2:44 PM EST

      NEW YORK (Reuters) - Stock-picking once again matters on Wall Street. After a year in which stocks moved in near-lockstep regardless of individual merit, the herd mentality is crumbling away. The move away from a frenzied rush in and then back out of the market is a welcome sign for stressed-out fund managers and lay investors alike. "If I think something looks cheap I'm more prepared to own it because I think that will matter. ... More »Analysis: Stock-picking makes a comeback as macro tides fade

    • Small business hiring flat in January: poll

      Reuters - Fri, Feb 3, 2012 2:30 AM EST

      (Reuters) - U.S. small business hiring was flat in January, a poll released on Friday showed, slightly better than the previous month's reading but still far from levels consistent with strong employment growth. The National Federation of Independent Business survey of 2,155 firms also found an increase in the percentage of owners reporting hard-to-fill job openings. NFIB said this measure has been a good indicator of the U.S. unemployment rate, and suggests that there might have been a small decline in January. The U.S. ... More »Small business hiring flat in January: poll

    • SEC advisory panel concerned about crowdfunding

      Reuters - Wed, Feb 1, 2012 2:59 PM EST

      WASHINGTON, DC (Reuters) - An advisory committee urged U.S. securities regulators on Wednesday to relax outdated rules that trigger public financial reporting for companies, but it stopped short of backing a new capital-raising strategy known as "crowdfunding." In a public meeting, members of the Advisory Committee on Small and Emerging Companies voted on two proposed regulatory changes for the Securities and Exchange Commission to consider that would help private companies raise capital. ... More »SEC advisory panel concerned about crowdfunding

    • Honda out to shake up market with first jet next year

      Reuters - Mon, Jan 30, 2012 3:47 AM EST

      TOKYO (Reuters) - Honda Motor Co expects to grab at least a quarter of the world market for small business jets soon after delivering its first aircraft next year, achieving the company's long-standing goal of taking to the skies, an executive said. Honda, Japan's No.3 car maker and the world's biggest manufacturer of motorcycles and engines, is in the final stages of getting its $4.5 million HondaJet certified. It aims to ramp up the pace of production to 80 a year in the first half of 2013. ... More »Honda out to shake up market with first jet next year

    • Worn-out machines as leading indicator

      Reuters - Sun, Jan 29, 2012 3:04 PM EST

      (Reuters) - Delivery trucks wear out, computers break down, software becomes outdated -- and finally businesses have to start investing in new equipment. Companies that want to remain competitive have to start spending again as an economy slowly recovers. Four years after the downturn began, the replacement cycle shows signs of kicking into a higher gear in the United States even among small businesses, and it could give an unexpected boost to growth and employment this year. That assumes no further shocks to the world economy caused by the euro zone debt crisis. ... More »Worn-out machines as leading indicator

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