Wall Street ends flat after mixed data
Categorie : World Business NewsNEW YORK (Reuters) - Mixed consumer and retail data kept stocks near break even on Friday, but major indexes edged higher for a second straight week. ...
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Fri Mar 2010
Data, Fed to test if rally has legs
Categorie : World Business NewsNEW YORK (Reuters) - Investors will try to tack another leg on to the year-long U.S. stock rally, looking to next week's economic data and statement from the central bank for evidence the recovery is still on track. ...
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Euro zone agrees bailout for Greece: report
Categorie : World Business NewsLONDON (Reuters) - The euro zone has agreed a multi-billion euro bailout for heavily indebted Greece as part of a package to support the euro, the Guardian newspaper reported on Saturday. ...
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U.S. needs tighter financial regulation: Summers
Categorie : World Business NewsPALO ALTO, California (Reuters) - The United States should rethink domestic and global financial regulation, Lawrence Summers, director of the White House's National Economic Council, said on Friday. ...
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Lehman report may point way for criminal charges
Categorie : World Business NewsWASHINGTON (Reuters) - An explosive report by a court-appointed examiner on the collapse of Lehman Brothers may prove to be a roadmap for prosecutors to bring criminal cases against the investment bank's former executives, legal experts say. ...
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Nortel sales decline as customers cut spending
Categorie : World Business NewsNEW YORK (Reuters) - Bankrupt Nortel Networks Corp on Friday posted a 62 percent drop in quarterly revenue, as customers cut spending in the face of uncertainty about its bankruptcy proceedings and the shaky economy. ...
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Cheap cigars, politics and the Volcker Rule
Categorie : World Business NewsNEW YORK (Reuters) - In mid-January, a who's who of Wall Street gathered to hear Paul Volcker, the former Federal Reserve chairman whose role in the White House seemed at best unclear. ...
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Apple COO gets $22 million reward as Jobs stand-in
Categorie : World Business NewsSAN FRANCISCO (Reuters) - Apple Inc has awarded its chief operating officer a bonus valued at $22 million for leading the company while Chief Executive Steve Jobs was on 6-months' medical leave last year. ...
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Lehman balance sheet massaging may not be unusual
Categorie : World Business NewsNEW YORK (Reuters) - On Wall Street, massaging the balance sheet is a time-honored practice. ...
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Yellen leads picks for Fed seat
Categorie : World Business NewsWASHINGTON (Reuters) - San Francisco Federal Reserve Bank President Janet Yellen, a monetary policy dove, tops President Barack Obama's list to be No. 2 at U.S. central bank, the White House said on Friday. ...
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Yellen at Fed would likely favor low-rate policy (AP)
Categorie : World Business NewsAP - President Barack Obama's likely choice of Janet Yellen to become vice chairman of the Federal Reserve would favor a policy that stresses low interest rates to ease unemployment over higher rates to curb inflation. ...
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Examiner unveils Lehman accounting tricks (AP)
Categorie : World Business NewsAP - An accounting gimmick called Repo 105 provided financial relief for Lehman Brothers in the months before its spectacular collapse, an autopsy of the once-venerable Wall Street house has found. The question now is whether the trickery spells legal jeopardy for executives of Lehman or its auditor ...
read more Fri Mar 2010