Obama says Bernanke has 'stayed a lot longer' than he wanted at FedBy Steve Holland WASHINGTON (Reuters) - President Barack Obama hinted in an interview aired on Monday that he may be looking for a new chief of the U.S. Federal Reserve Bank, saying current Chairman Ben … More »Obama says Bernanke has 'stayed a lot longer' than he wanted at Fed
By Steve Holland WASHINGTON (Reuters) - President Barack Obama hinted in an interview aired on Monday that he may be looking for a new chief of the U.S. Federal Reserve Bank, saying current Chairman Ben Bernanke has stayed a lot longer than he had originally planned. Obama, speaking to Charlie Rose, host of a PBS interview …
Netflix boosts original programing with DreamWorks deal(Reuters) - Video streaming service Netflix Inc is beefing up its original programing menu through a multi-year deal with DreamWorks Animation SKG Inc, the maker of movies such as Shrek, Madagascar and … More »Netflix boosts original programing with DreamWorks deal
(Reuters) - Video streaming service Netflix Inc is beefing up its original programing menu through a multi-year deal with DreamWorks Animation SKG Inc, the maker of movies such as Shrek, Madagascar and Kung Fu Panda. DreamWorks said the deal, which involves 300 hours of new programing, is a cornerstone of a major initiative …
Wall St. rises in volatile session before Fed meetingBy Ryan Vlastelica NEW YORK (Reuters) - Stocks rose on Monday but ended well off their highs as investors speculated over the Federal Reserve's intentions about its massive stimulus program to aid the … More »Wall St. rises in volatile session before Fed meeting
By Ryan Vlastelica NEW YORK (Reuters) - Stocks rose on Monday but ended well off their highs as investors speculated over the Federal Reserve's intentions about its massive stimulus program to aid the economy before a meeting of policymakers that begins on Tuesday. Major indexes climbed from the start of the session and …
Sprint sues Dish, Clearwire as key deadline loomsBy Jonathan Stempel and Sruthi Ramakrishnan (Reuters) - Sprint Nextel Corp on Monday said it has sued Dish Network Corp to block its tender offer for Clearwire Corp, on the eve of a key deadline in a takeover … More »Sprint sues Dish, Clearwire as key deadline looms
By Jonathan Stempel and Sruthi Ramakrishnan (Reuters) - Sprint Nextel Corp on Monday said it has sued Dish Network Corp to block its tender offer for Clearwire Corp, on the eve of a key deadline in a takeover battle that also includes Japanese mobile carrier SoftBank Corp. The lawsuit filed on Monday in Delaware Chancery …
Apple got up to 5,000 data requests in six months(Reuters) - Apple received over the last six months between 4,000 and 5,000 requests for customer data from U.S. law enforcement authorities relating to criminal investigations and national security matters, … More »Apple got up to 5,000 data requests in six months
(Reuters) - Apple received over the last six months between 4,000 and 5,000 requests for customer data from U.S. law enforcement authorities relating to criminal investigations and national security matters, the company said on Monday. Microsoft and Facebook Inc published similar data last week after reaching a deal about …
China May home prices rise at fastest pace this yearBy Xiaoyi Shao and Jonathan Standing BEIJING (Reuters) - China's house prices rose at the fastest pace this year in May from a year earlier, though the pace of gains eased from the previous month, highlighting … More »China May home prices rise at fastest pace this year
By Xiaoyi Shao and Jonathan Standing BEIJING (Reuters) - China's house prices rose at the fastest pace this year in May from a year earlier, though the pace of gains eased from the previous month, highlighting the dilemma facing the central bank as it balances the need to support the economy against holding down housing …
Third Point raises Sony stake, presses for entertainment spin-offTOKYO (Reuters) - New York-based hedge fund company Third Point said it had raised its stake in Japan's Sony Corp and asked for an opportunity to present its proposal to Sony's board for a partial spin-off … More »Third Point raises Sony stake, presses for entertainment spin-off
TOKYO (Reuters) - New York-based hedge fund company Third Point said it had raised its stake in Japan's Sony Corp and asked for an opportunity to present its proposal to Sony's board for a partial spin-off of the company's entertainment unit. The move comes after Third Point, a $13 billion hedge fund founded by billionaire …
Verizon eyeing wireless business in Canada: report(Reuters) - Verizon Communications Inc is looking to enter Canada's cellular telephone business, potentially fulfilling the government's hopes of having a fourth major wireless company, the Globe and Mail … More »Verizon eyeing wireless business in Canada: report
(Reuters) - Verizon Communications Inc is looking to enter Canada's cellular telephone business, potentially fulfilling the government's hopes of having a fourth major wireless company, the Globe and Mail reported on Monday. Verizon could look at taking over a smaller player in Canada, such as Wind Mobile, and participating …
- J&J in $1 billion deal to bolster prostate-cancer focus
By Ransdell Pierson (Reuters) - Johnson & Johnson said it would pay up to $1 billion for Aragon Pharmaceuticals and its experimental drugs for prostate cancer, to bolster J&J's role in the field after … More »J&J in $1 billion deal to bolster prostate-cancer focus
By Ransdell Pierson (Reuters) - Johnson & Johnson said it would pay up to $1 billion for Aragon Pharmaceuticals and its experimental drugs for prostate cancer, to bolster J&J's role in the field after it acquired another experimental prostate-cancer treatment four years ago that has become a leading brand. J&J on Monday …
Japan says G8 stance is sign of approval for 'Abenomics'By Stanley White TOKYO (Reuters) - Japanese cabinet ministers welcomed the Group of Eight summit's stance on Tokyo's sweeping stimulus policies as a vote of confidence in the government's strategy to end … More »Japan says G8 stance is sign of approval for 'Abenomics'
By Stanley White TOKYO (Reuters) - Japanese cabinet ministers welcomed the Group of Eight summit's stance on Tokyo's sweeping stimulus policies as a vote of confidence in the government's strategy to end 15 years of entrenched deflation and revive a lackluster economy. Japan's economics minister also moved to parry any …
Siemens pulls plug on last solar energy businessMUNICH (Reuters) - German industrial conglomerate Siemens is shutting down the last of its solar energy businesses after it failed to find a buyer, the company said on Monday. Confirming a report in German … More »Siemens pulls plug on last solar energy business
MUNICH (Reuters) - German industrial conglomerate Siemens is shutting down the last of its solar energy businesses after it failed to find a buyer, the company said on Monday. Confirming a report in German newspaper Handelsblatt, a spokesman for Siemens said the group would close Solel by early next year. The Israeli business …
Asian shares slide as upcoming Fed meeting jangles nervesBy Chikako Mogi TOKYO (Reuters) - Asian shares slid on Tuesday as investors waited on tenterhooks for news of the U.S. Federal Open Market Committee's plans for its stimulus program - with the mere suggestion … More »Asian shares slide as upcoming Fed meeting jangles nerves
By Chikako Mogi TOKYO (Reuters) - Asian shares slid on Tuesday as investors waited on tenterhooks for news of the U.S. Federal Open Market Committee's plans for its stimulus program - with the mere suggestion of fine-tuning it enough to unnerve investors. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.7 …
Confidence of homebuilders jumps as recovery deepensBy Leah Schnurr NEW YORK (Reuters) - Confidence among U.S. homebuilders surged in June, staging its biggest gain since 2002 in one of the strongest signs yet that the housing recovery is gaining traction. … More »Confidence of homebuilders jumps as recovery deepens
By Leah Schnurr NEW YORK (Reuters) - Confidence among U.S. homebuilders surged in June, staging its biggest gain since 2002 in one of the strongest signs yet that the housing recovery is gaining traction. A majority of homebuilders say conditions for new construction are favorable, rather than poor, for the first time since …
- Sprint files lawsuit against Dish and Clearwire
(Reuters) - Sprint Nextel Corp has filed a lawsuit against Dish Network Corp and Clearwire Corp to prevent the completion of Dish's offer for Clearwire's shares. The lawsuit details how Dish has "repeatedly … More »Sprint files lawsuit against Dish and Clearwire
(Reuters) - Sprint Nextel Corp has filed a lawsuit against Dish Network Corp and Clearwire Corp to prevent the completion of Dish's offer for Clearwire's shares. The lawsuit details how Dish has "repeatedly attempted to fool Clearwire's shareholders into believing its proposal was actionable in an effort to acquire Clearwire's …
- Hedge fund manager used postal box to hide $6 million fraud, Feds say
By Tom Polansek and Ann Saphir CHICAGO/SAN FRANCISCO (Reuters) - A North Carolina hedge fund manager used a personal post-office box and forged bank statements to hide his theft of about $6 million over … More »Hedge fund manager used postal box to hide $6 million fraud, Feds say
By Tom Polansek and Ann Saphir CHICAGO/SAN FRANCISCO (Reuters) - A North Carolina hedge fund manager used a personal post-office box and forged bank statements to hide his theft of about $6 million over a seven-year period, U.S. regulators and prosecutors said on Monday. James Shepherd, who ran a commodity fund that traded …
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