New York claims more proof of bank mortgage abusesBy 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
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 …
Wall Street posts first weekly loss since mid-April on Fed angstBy 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
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 …
Yahoo joins growing list of bidders for Hulu: sourcesBy 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
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 …
Obama in heated exchanges with Code Pink anti-war protesterWASHINGTON (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
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 …
Insight: Luxury brands position for U.S. boomBy 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
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. …
Obama orders review of guidelines for probing journalistsBy 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
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 …
Mall owner General Growth eyes NY's Madison Ave: sourcesBy Ilaina Jonas NEW YORK (Reuters) - General Growth Properties Inc has paired with Brookfield Office Properties Inc to bid for one of the most sought after Manhattan office buildings on the market, making … More »Mall owner General Growth eyes NY's Madison Ave: sources
By Ilaina Jonas NEW YORK (Reuters) - General Growth Properties Inc has paired with Brookfield Office Properties Inc to bid for one of the most sought after Manhattan office buildings on the market, making what could be the mall owner's entry into the urban street retail real estate market, according to sources familiar …
Durable goods orders point to factory resilienceBy 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
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 …
Henrik Fisker joins Hong Kong tycoon to salvage Fisker: sourcesBy 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
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 …
Google faces new federal antitrust probe: sourceWASHINGTON (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
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 …
Salesforce.com's quarterly results disappoint Wall StreetBy 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
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 …
Academics back BP's fight to cap oil spill payoutsBy 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
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 …
Sears losses mount, weighs sale of unit to shore up liquidityBy 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
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 …
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
(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 CEO quits over offshore dealsBy 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
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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