Web companies begin releasing surveillance information after U.S. dealBy Joseph Menn and Gerry Shih SAN FRANCISCO (Reuters) - Facebook and Microsoft have struck agreements with the U.S. government to release limited information about the number of surveillance requests they … More »Web companies begin releasing surveillance information after U.S. deal
By Joseph Menn and Gerry Shih SAN FRANCISCO (Reuters) - Facebook and Microsoft have struck agreements with the U.S. government to release limited information about the number of surveillance requests they receive, a modest victory for the companies as they struggle with the fallout from disclosures about a secret government …
Former Bank of America workers allege it lied to home ownersBy Michelle Conlin and Peter Rudegeair (Reuters) - Six former Bank of America Corp employees have alleged that the bank deliberately denied eligible home owners loan modifications and lied to them about … More »Former Bank of America workers allege it lied to home owners
By Michelle Conlin and Peter Rudegeair (Reuters) - Six former Bank of America Corp employees have alleged that the bank deliberately denied eligible home owners loan modifications and lied to them about the status of their mortgage payments and documents. The bank allegedly used these tactics to shepherd homeowners into …
Detroit to stop paying some debt, putting it in defaultBy Bernie Woodall and Steve Neavling DETROIT (Reuters) - Detroit said on Friday it would stop making payments on some of its about $18.5 billion debt, which would put it in default, and the "insolvent" … More »Detroit to stop paying some debt, putting it in default
By Bernie Woodall and Steve Neavling DETROIT (Reuters) - Detroit said on Friday it would stop making payments on some of its about $18.5 billion debt, which would put it in default, and the "insolvent" city called on most of its creditors to accept pennies on the dollar to help it avoid the largest municipal bankruptcy …
Facebook got 9,000-10,000 government data requests in second half 2012SAN FRANCISCO (Reuters) - Facebook Inc received between 9,000 and 10,000 requests for user data from various U.S. government entities in 2012's second half, involving 18,000 to 19,000 of its users' accounts, … More »Facebook got 9,000-10,000 government data requests in second half 2012
SAN FRANCISCO (Reuters) - Facebook Inc received between 9,000 and 10,000 requests for user data from various U.S. government entities in 2012's second half, involving 18,000 to 19,000 of its users' accounts, the world's largest social network said in a Friday blogpost. The company said it released the information after …
Wal-Mart taps Cash as new presiding director, replacing Breyer(Reuters) - Wal-Mart Stores Inc said on Saturday that its board has appointed James Cash Jr. as lead independent director. Cash, who joined Wal-Mart's board in 2006, replaces James Breyer, who served on … More »Wal-Mart taps Cash as new presiding director, replacing Breyer
(Reuters) - Wal-Mart Stores Inc said on Saturday that its board has appointed James Cash Jr. as lead independent director. Cash, who joined Wal-Mart's board in 2006, replaces James Breyer, who served on the board for more than a decade, but was prevented from running again this year under the company's rules of corporate …
Tesco stops sourcing from a Bangladesh factory due to safety concernsLONDON/DHAKA (Reuters) - Tesco, the world's No. 3 retailer, has stopped sourcing clothes from a factory in Bangladesh after discovering serious problems with the safety of the site, the company said on … More »Tesco stops sourcing from a Bangladesh factory due to safety concerns
LONDON/DHAKA (Reuters) - Tesco, the world's No. 3 retailer, has stopped sourcing clothes from a factory in Bangladesh after discovering serious problems with the safety of the site, the company said on Saturday. The move follows a survey the British-based supermarket chain conducted in the wake of the collapse of the Rana …
Exclusive: Deutsche Bank 'horribly undercapitalized' - U.S. regulatorBy Emily Stephenson and Douwe Miedema WASHINGTON (Reuters) - A top U.S. banking regulator called Deutsche Bank's capital levels "horrible" and said it is the worst on a list of global banks based on one … More »Exclusive: Deutsche Bank 'horribly undercapitalized' - U.S. regulator
By Emily Stephenson and Douwe Miedema WASHINGTON (Reuters) - A top U.S. banking regulator called Deutsche Bank's capital levels "horrible" and said it is the worst on a list of global banks based on one measurement of leverage ratios. "It's horrible, I mean they're horribly undercapitalized," said Federal Deposit Insurance …
Wall St. slides in volatile week, eyes on the FedBy Rodrigo Campos NEW YORK (Reuters) - Stocks fell on Friday on low volume to end their third negative week in four on lingering concern over whether the world's central banks will soon start to trim their … More »Wall St. slides in volatile week, eyes on the Fed
By Rodrigo Campos NEW YORK (Reuters) - Stocks fell on Friday on low volume to end their third negative week in four on lingering concern over whether the world's central banks will soon start to trim their stimulus programs. Uncertainty about the longevity of loose monetary policy around the world has caused volatility …
Wall St. Week Ahead: Investors will look to Fed to ease volatilityBy Caroline Valetkevitch NEW YORK (Reuters) - Stock investors eager to hear from the Federal Reserve about its plans for continuing economic stimulus may get some soothing words from the U.S. central bank … More »Wall St. Week Ahead: Investors will look to Fed to ease volatility
By Caroline Valetkevitch NEW YORK (Reuters) - Stock investors eager to hear from the Federal Reserve about its plans for continuing economic stimulus may get some soothing words from the U.S. central bank next week. The Fed is unlikely to tip its hand about when it may begin to scale back its bond-buying program, but policymakers …
France backs EU-U.S. trade talks after culture clashBy Philip Blenkinsop and Robin Emmott LUXEMBOURG (Reuters) - France cleared the European Union to launch free-trade talks with the United States on Friday after fellow EU members accepted its demand to … More »France backs EU-U.S. trade talks after culture clash
By Philip Blenkinsop and Robin Emmott LUXEMBOURG (Reuters) - France cleared the European Union to launch free-trade talks with the United States on Friday after fellow EU members accepted its demand to shield movies and online entertainment from the might of Hollywood and Silicon Valley. After 12 hours of talks, EU officials …
BOJ's REITs purchase to exceed previous estimate: paperTOKYO (Reuters) - The Bank of Japan will likely expand its purchase of Japanese real estate investment trusts (J-REITs) beyond its buying scheme announced earlier this year as part of the central bank's … More »BOJ's REITs purchase to exceed previous estimate: paper
TOKYO (Reuters) - The Bank of Japan will likely expand its purchase of Japanese real estate investment trusts (J-REITs) beyond its buying scheme announced earlier this year as part of the central bank's hyper easing steps, the Nikkei business daily said on Saturday. The BOJ said in April that it would boost the balance …
Mitsubishi Motors eyes new Indonesian plantTOKYO (Reuters) - Mitsubishi Motors Corp is considering boosting output capacity in Indonesia and possibly building a new plant there to capitalize on brisk demand in emerging Asian economies. "It is true … More »Mitsubishi Motors eyes new Indonesian plant
TOKYO (Reuters) - Mitsubishi Motors Corp is considering boosting output capacity in Indonesia and possibly building a new plant there to capitalize on brisk demand in emerging Asian economies. "It is true that we are considering strengthening our operations in Indonesia, but nothing has been decided as of now," a company …
- Poor weather has led to high levels of undersized beans
By Joe Bavier ABIDJAN (Reuters) - Top producer Ivory Coast will offer a temporary refund on mid-crop cocoa in a bid to stimulate purchasing that has been hampered by small bean size, the country's marketing … More »Poor weather has led to high levels of undersized beans
By Joe Bavier ABIDJAN (Reuters) - Top producer Ivory Coast will offer a temporary refund on mid-crop cocoa in a bid to stimulate purchasing that has been hampered by small bean size, the country's marketing board, the CCC, announced in a statement posted on its website. Ivory Coast forward sold the bulk of the anticipated …
- Amplats workers end underground protest at South African mine
JOHANNESBURG (Reuters) - Anglo American Platinum said on Saturday operations at its Thembelani mine in South Africa were back to normal after a "group of employees" on Friday prevented 2,400 workers from … More »Amplats workers end underground protest at South African mine
JOHANNESBURG (Reuters) - Anglo American Platinum said on Saturday operations at its Thembelani mine in South Africa were back to normal after a "group of employees" on Friday prevented 2,400 workers from going above ground. "The situation at the mine is normal, people came above ground yesterday evening," Amplats spokeswoman …
- Egypt in late stages of verifying reform plan with IMF
By Martin Dokoupil and Stanley Carvalho ABU DHABI (Reuters) - Egypt's government is in the late stages of verifying its economic reform programme with the International Monetary Fund before obtaining a … More »Egypt in late stages of verifying reform plan with IMF
By Martin Dokoupil and Stanley Carvalho ABU DHABI (Reuters) - Egypt's government is in the late stages of verifying its economic reform programme with the International Monetary Fund before obtaining a $4.8 billion IMF loan, its central bank governor said on Saturday. The loan, needed to help stabilise Egypt's balance of …
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