G20 members agree economic recovery to continue
GWANGJU, South Korea (Reuters) - G20 delegates agreed on Saturday global economic recovery would endure although the speed of expansion may slow, a South Korean official said.
Categories: Financial Media
Japan Noda warns on yen, suggests joint steps difficult
TOKYO (Reuters) - Japanese Finance Minister Yoshihiko Noda said on Saturday Tokyo would take decisive steps to stem the yen's rise when needed, while suggesting that coordinated currency market intervention was a difficult option.
Categories: Financial Media
Anglo Irish Bank to be "decommissioned": minister
DUBLIN (Reuters) - Nationalized Anglo Irish Bank will be "decommissioned," with a decision on its fate expected within a few weeks, a junior government minister was quoted on Saturday as saying.
Categories: Financial Media
Obama says his economic policies halted "bleeding"
WASHINGTON (Reuters) - President Barack Obama, previewing a big push on the U.S. economy next week, on Saturday defended policies that he said "have stopped the bleeding" and put the middle class on the road to recovery.
Categories: Financial Media
BP replaces failed blowout preventer on Gulf well
HOUSTON (Reuters) - BP Plc successfully replaced a failed blowout preventer from atop its ruptured Gulf of Mexico oil well late on Friday, the top U.S. official overseeing the spill response said.
Categories: Financial Media
China tells state companies to explore Potash bid
TORONTO/HONG KONG (Reuters) - Chinese officials have ordered state companies to meet investment bankers to explore ways to block BHP Billiton's $39 billion bid for Potash Corp, a source with direct knowledge of the matter said.
Categories: Financial Media
Exclusive: American Apparel in talks with restructuring firm
WILMINGTON, Del./SAN FRANCISCO (Reuters) - Hipster brand American Apparel Inc is in talks to bring in an outside restructuring firm as the manufacturer and retailer struggles to fix its flagging operations, sources told Reuters on Friday.
Categories: Financial Media
Madoff investors win $12.74 mln in Merkin case
NEW YORK (Reuters) - Investors in Gabriel Capital LP, a so-called feeder fund that funneled money to imprisoned swindler Bernard Madoff, were awarded $12.74 million by a panel of three arbitrators, court records show.
Categories: Financial Media
Stocks rally as jobs data spurs optimism
NEW YORK (Reuters) - Wall Street closed a stellar week on Friday after recent economic data, including a stronger-than-expected labor market report, bolstered optimism that the economy would not fall back into recession.
Categories: Financial Media
Taxpayers likely to face initial loss on GM IPO: sources
NEW YORK/DETROIT (Reuters) - The U.S. government is likely to take a loss on General Motors Co in the first offering of the automaker's stock, six people familiar with preparations for the landmark IPO said.
Categories: Financial Media
Payrolls data offer ray of hope for recovery
WASHINGTON (Reuters) - U.S. employment fell for a third straight month in August, but the drop was far less than expected and private hiring was a positive surprise, relieving concerns about a stalling economic recovery.
Categories: Financial Media
Ex-Goldman programmer wins partial dismissal
NEW YORK (Reuters) - A federal judge on Friday dismissed part of a criminal case accusing a former Goldman Sachs Group Inc computer programer of stealing proprietary computer code from the bank's lucrative high-frequency trading platform.
Categories: Financial Media
Wall Street's best week in eight
SEP 3 - Wall Street closes with its best week in eight as fears ease over the economy. Google faces an antitrust review in Texas. Carmen Roberts reports.
Categories: Financial Media
Obama to address new economic ideas next Wednesday
WASHINGTON (Reuters) - President Barack Obama said on Friday he would outline new measures next week to boost the U.S. economy, but analysts were skeptical he would be able to deliver a big enough package to lift growth significantly.
Categories: Financial Media
China tells state companies to explore Potash bid
TORONTO/HONG KONG (Reuters) - Chinese officials have ordered state companies to meet investment bankers to explore ways to block BHP Billiton's $39 billion bid for Potash Corp, a source with direct knowledge of the matter said.
Categories: Financial Media
The week ahead
Sept. 3 - Watch out for Obama's big economic policy drive punctuated by Friday's highly anticipated news conference. Also on the radar is the upcoming Reuters Aerospace and Defense Summit.
Categories: Financial Media
Jobs number beats estimates
Sep 03 - Payrolls fall less than expected in August and private payrolls beat forecasts. Jill Bennett reports.
Categories: Financial Media
Stocks rally as jobs data spurs optimism
NEW YORK (Reuters) - Wall Street closed a stellar week on Friday after recent economic data, including a stronger-than-expected labor market report, bolstered optimism that the economy would not fall back into recession.
Categories: Financial Media
BP says failed blowout preventer off Gulf well
HOUSTON (Reuters) - BP Plc removed a failed blowout preventer from atop its ruptured Gulf of Mexico oil well on Friday afternoon, a company spokesman said.
Categories: Financial Media
Madoff investors win $12.74 mln in Merkin case
NEW YORK (Reuters) - Investors in Gabriel Capital LP, a so-called feeder fund that funneled money to imprisoned swindler Bernard Madoff, were awarded $12.74 million by a panel of three arbitrators, court records show.
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