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    • The logo for Wells Fargo bank is pictured in downtown Los Angeles
      New York claims more proof of bank mortgage abuses

      By Karen Freifeld NEW YORK (Reuters) - New York Attorney General Eric Schneiderman said there is mounting evidence that Bank of America Corp, Wells Fargo and Co and other banks violated the terms of a … More »New York claims more proof of bank mortgage abuses

      The logo for Wells Fargo bank is pictured in downtown Los Angeles

      By Karen Freifeld NEW YORK (Reuters) - New York Attorney General Eric Schneiderman said there is mounting evidence that Bank of America Corp, Wells Fargo and Co and other banks violated the terms of a settlement designed to end mortgage servicing abuses. Schneiderman - who has said he plans to sue Bank of America and Wells …

    • Traders work on the floor at the New York Stock Exchange
      Wall Street posts first weekly loss since mid-April on Fed angst

      By Angela Moon NEW YORK (Reuters) - The S&P 500 declined for a third day on Friday, with the three major stock indexes posting their first negative week since mid-April on lingering concern that the central … More »Wall Street posts first weekly loss since mid-April on Fed angst

      Traders work on the floor at the New York Stock Exchange

      By Angela Moon NEW YORK (Reuters) - The S&P 500 declined for a third day on Friday, with the three major stock indexes posting their first negative week since mid-April on lingering concern that the central bank may scale back its stimulus measures to support the economy. Still, the indexes closed well off their lows in …

    • Protester Benjamin interrupts U.S. President Barack Obama as he speaks about his administration's counter-terrorism policy at the National Defense University at Fort McNair in Washington
      Obama in heated exchanges with Code Pink anti-war protester

      WASHINGTON (Reuters) - The woman who interrupted President Barack Obama's speech on counterterrorism policy on Thursday is well-known around Washington as a perennial protester on national security issues. … More »Obama in heated exchanges with Code Pink anti-war protester

      Protester Benjamin interrupts U.S. President Barack Obama as he speaks about his administration's counter-terrorism policy at the National Defense University at Fort McNair in Washington

      WASHINGTON (Reuters) - The woman who interrupted President Barack Obama's speech on counterterrorism policy on Thursday is well-known around Washington as a perennial protester on national security issues. Medea Benjamin, a founder of anti-war women's group Code Pink, began demonstrating years ago on Capitol Hill, becoming …

    • Yahoo Inc Chief Executive Mayer attends the annual meeting of the World Economic Forum (WEF) in Davos
      Yahoo joins growing list of bidders for Hulu: sources

      By Ronald Grover and Greg Roumeliotis LOS ANGELES/NEW YORK (Reuters) - Yahoo Inc has submitted a formal proposal to buy Hulu, joining a growing list of bidders for the video service owned by News Corp … More »Yahoo joins growing list of bidders for Hulu: sources

      Yahoo Inc Chief Executive Mayer attends the annual meeting of the World Economic Forum (WEF) in Davos

      By Ronald Grover and Greg Roumeliotis LOS ANGELES/NEW YORK (Reuters) - Yahoo Inc has submitted a formal proposal to buy Hulu, joining a growing list of bidders for the video service owned by News Corp and Walt Disney Co, two sources with knowledge of the bid told Reuters on Friday. Yahoo just this week announced a $1.1 …

    • A woman enters a high-end retail store along 5th Avenue in New York
      Insight: Luxury brands position for U.S. boom

      By Astrid Wendlandt and Phil Wahba PARIS/NEW YORK (Reuters) - Most men might balk at spending $600 on a pair of Dior sneakers but for U.S. shoppers like Ephraim, an upbeat 30-year-old, such indulgences … More »Insight: Luxury brands position for U.S. boom

      A woman enters a high-end retail store along 5th Avenue in New York

      By Astrid Wendlandt and Phil Wahba PARIS/NEW YORK (Reuters) - Most men might balk at spending $600 on a pair of Dior sneakers but for U.S. shoppers like Ephraim, an upbeat 30-year-old, such indulgences are becoming increasingly commonplace. Ephraim is the kind of man who gives luxury goods makers high hopes that the U.S. …

    • U.S. President Barack Obama pauses during speech at the National Defense University in Washington
      Obama orders review of guidelines for probing journalists

      By Jeff Mason WASHINGTON (Reuters) - President Barack Obama said on Thursday he directed Attorney General Eric Holder to conduct a review of Department of Justice guidelines for investigations that involve … More »Obama orders review of guidelines for probing journalists

      U.S. President Barack Obama pauses during speech at the National Defense University in Washington

      By Jeff Mason WASHINGTON (Reuters) - President Barack Obama said on Thursday he directed Attorney General Eric Holder to conduct a review of Department of Justice guidelines for investigations that involve journalists and report back by early July. Obama has come under criticism for his administration's pursuit of journalists …

    • Washers and dryers are seen on display at a store in New York
      Durable goods orders point to factory resilience

      By Jason Lange WASHINGTON (Reuters) - Orders for long-lasting U.S. manufactured goods rose more than expected in April, a hopeful sign that a sharp slowdown in factory output could soon run its course. … More »Durable goods orders point to factory resilience

      Washers and dryers are seen on display at a store in New York

      By Jason Lange WASHINGTON (Reuters) - Orders for long-lasting U.S. manufactured goods rose more than expected in April, a hopeful sign that a sharp slowdown in factory output could soon run its course. New orders for durable goods, which range from toasters to aircraft, increased 3.3 percent last month, the Commerce Department …

    • Fisker, co-founder, executive chairman, and chief designer at Fisker Automotive speaks during the Chicago Auto Show
      Henrik Fisker joins Hong Kong tycoon to salvage Fisker: sources

      By Deepa Seetharaman and Norihiko Shirouzu DETROIT/BEIJING (Reuters) - Henrik Fisker is working with an investor group to salvage Fisker Automotive, the "green" car company he co-founded nearly six years … More »Henrik Fisker joins Hong Kong tycoon to salvage Fisker: sources

      Fisker, co-founder, executive chairman, and chief designer at Fisker Automotive speaks during the Chicago Auto Show

      By Deepa Seetharaman and Norihiko Shirouzu DETROIT/BEIJING (Reuters) - Henrik Fisker is working with an investor group to salvage Fisker Automotive, the "green" car company he co-founded nearly six years ago that is now struggling to stave off bankruptcy, people familiar with the matter said this week. The discussions follow …

    • File photo of investor Carl Icahn speaks at the Wall Street Journal Deals & Deal Makers conference, held at the New York Stock Exchange
      Icahn seeks up to $7 billion for Dell bid

      By Michelle Sierra NEW YORK (Reuters) - Activist investor Carl Icahn and Southeastern Asset Management Inc have initiated talks with banks and asset managers to line up commitments for as much as $7 billion … More »Icahn seeks up to $7 billion for Dell bid

      File photo of investor Carl Icahn speaks at the Wall Street Journal Deals & Deal Makers conference, held at the New York Stock Exchange

      By Michelle Sierra NEW YORK (Reuters) - Activist investor Carl Icahn and Southeastern Asset Management Inc have initiated talks with banks and asset managers to line up commitments for as much as $7 billion in bridge loans to back their leveraged recapitalization proposal for Dell Inc, banking sources told Thomson Reuters …

    • A BP logo is seen at a petrol station in London
      Academics back BP's fight to cap oil spill payouts

      By Andrew Callus LONDON (Reuters) - A group of accountancy professors is backing BP's fight to cap the U.S. oil spill compensation payouts it has to fund as the cash outflow threatens to add billions of … More »Academics back BP's fight to cap oil spill payouts

      A BP logo is seen at a petrol station in London

      By Andrew Callus LONDON (Reuters) - A group of accountancy professors is backing BP's fight to cap the U.S. oil spill compensation payouts it has to fund as the cash outflow threatens to add billions of dollars to its bill for the disaster. The news comes after the payouts administrator, Patrick Juneau, predicted that over …

    • Salesforce CEO Marc Benioff speaks during the Dreamforce event in San Francisco
      Salesforce.com's quarterly results disappoint Wall Street

      By Noel Randewich (Reuters) - Salesforce.com Inc's quarterly earnings and outlook disappointed investors as costs rise following a spree of acquisitions, sending its shares lower. Under Marc Benioff, Salesforce's … More »Salesforce.com's quarterly results disappoint Wall Street

      Salesforce CEO Marc Benioff speaks during the Dreamforce event in San Francisco

      By Noel Randewich (Reuters) - Salesforce.com Inc's quarterly earnings and outlook disappointed investors as costs rise following a spree of acquisitions, sending its shares lower. Under Marc Benioff, Salesforce's CEO and founder, the company's fast revenue growth has made it a favorite with investors eager to own part of …

    • Google signage seen at the company's headquarters in New York
      Google faces new federal antitrust probe: source

      WASHINGTON (Reuters) - U.S. regulators are in the early stages of an antitrust probe into whether Google Inc, the top player in web display advertising, breaks antitrust law in how it handles some ad sales, … More »Google faces new federal antitrust probe: source

      Google signage seen at the company's headquarters in New York

      WASHINGTON (Reuters) - U.S. regulators are in the early stages of an antitrust probe into whether Google Inc, the top player in web display advertising, breaks antitrust law in how it handles some ad sales, a source told Reuters on Thursday. The source said that it was unlikely that the Federal Trade Commission had sent …

    • Women walk past the Sears department store at Fair Oaks Mall in Fairfax
      Sears losses mount, weighs sale of unit to shore up liquidity

      By Siddharth Cavale (Reuters) - U.S. retailer Sears Holdings cast bigger doubts on the progress of its turnaround after reporting a bigger-than-expected quarterly loss, hurt by cooler spring weather. Shares … More »Sears losses mount, weighs sale of unit to shore up liquidity

      Women walk past the Sears department store at Fair Oaks Mall in Fairfax

      By Siddharth Cavale (Reuters) - U.S. retailer Sears Holdings cast bigger doubts on the progress of its turnaround after reporting a bigger-than-expected quarterly loss, hurt by cooler spring weather. Shares of the company, which also said it was considering selling its service contracts business, fell 12 percent to $51.41 …

    • File photo of Lafley speaking during the World Business Forum in New York
      P&G CEO switch will not lead to big strategy change: CFO

      (Reuters) - Procter & Gamble Co said on Friday the surprise return of A.G. Lafley as chairman and chief executive was not an indication of any bigger problems at the world's largest consumer products maker. … More »P&G CEO switch will not lead to big strategy change: CFO

      File photo of Lafley speaking during the World Business Forum in New York

      (Reuters) - Procter & Gamble Co said on Friday the surprise return of A.G. Lafley as chairman and chief executive was not an indication of any bigger problems at the world's largest consumer products maker. Lafley replaces Bob McDonald, effective immediately, at P&G, which is in the midst of a major restructuring. Shares …

    • Raiffeisen Bank International's Chief Executive Herbert Stepic addresses a news conference in Vienna
      Raiffeisen CEO quits over offshore deals

      By Georgina Prodhan and Michael Shields VIENNA (Reuters) - Raiffeisen Bank International Chief Executive Herbert Stepic resigned on Friday in what he called an effort to spare his bank from negative publicity … More »Raiffeisen CEO quits over offshore deals

      Raiffeisen Bank International's Chief Executive Herbert Stepic addresses a news conference in Vienna

      By Georgina Prodhan and Michael Shields VIENNA (Reuters) - Raiffeisen Bank International Chief Executive Herbert Stepic resigned on Friday in what he called an effort to spare his bank from negative publicity over personal property deals that triggered scrutiny by the lender and regulators. Stepic, 66, again denied wrongdoing …

     

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