Macquarie in push to expand U.S. presence: report
NEW YORK (Reuters) - Macquarie Group Ltd , Australia's largest investment bank, wants to add more bankers in the United States to advise energy, industrial and technology companies, Bloomberg reported on Wednesday, citing an interview with a top company executive.
Categories: Financial Media
GM CEO says U.S. will make money on bailout
SAN ANTONIO (Reuters) - General Motors Co will pay back roughly $8 billion in debt to the United States and Canada before June and could go public in a way that would allow taxpayers to make a profit on the bailout, Chief Executive Ed Whitacre said on Wednesday.
Categories: Financial Media
Senate passes $149 bln for jobless aid, tax breaks
WASHINGTON (Reuters) - The Senate on Wednesday passed a $149 billion package of jobless aid and tax breaks, as Democrats continued efforts to lower the 9.7 percent unemployment rate before congressional elections in November.
Categories: Financial Media
Best Buy bets on 3D TV, but no quick payoffs seen
NEW YORK (Reuters) - While James Cameron's 3D sci-fi epic "Avatar" took the box office by storm instantly, the road to success will be much longer for Best Buy Co Inc, which is making a big bet on 3D televisions this year.
Categories: Financial Media
New name tops Forbes rich list
Mar 10 - Mexican telecom mogul Carlos Slim Helu has edged Bill Gates out of the new top spot on the Forbes billionaire list. Bobbi Rebell reports.
Categories: Financial Media
Geithner urges reform on housing finance market
WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner said on Wednesday that "fundamental reform" of the government's role in the housing finance market is needed and it will be next year before proposals are ready for Congress.
Categories: Financial Media
Forbes releases billionaires list
Mar. 10 - Reuters Correspondent Michelle Nichols talks about who's making the Forbes billionaire list this year, and who's not.
Categories: Financial Media
BofA under regulatory pressure to shrink: report
CHARLOTTE, North Carolina (Reuters) - Regulators have told Bank of America Corp Chief Executive Brian Moynihan and other executives that the largest U.S. bank by assets must become "much smaller," Fox Business Network's Charlie Gasparino reported on Wednesday.
Categories: Financial Media
Bets on economy lift Wall Street; banks, tech lead
NEW YORK (Reuters) - Bank and technology shares lifted Wall Street on Wednesday on hopes a revival in business demand will boost corporate profits.
Categories: Financial Media
Walmart returns items to shelves after lost sales
SAN FRANCISCO (Reuters) - Wal-Mart Stores Inc has put roughly 300 items back on its U.S. store shelves after the retailer said it "disappointed" customers by not stocking certain products.
Categories: Financial Media
Senate passes $149 bln for jobless aid, tax breaks
WASHINGTON (Reuters) - The Senate on Wednesday passed a $149 billion package of jobless aid and tax breaks, as Democrats continued efforts to lower the 9.7 percent unemployment rate before congressional elections in November.
Categories: Financial Media
Private sector eyes opportunity in Haiti rebuilding
MIAMI (Reuters) - Rebuilding Haiti after its catastrophic earthquake should generate major contracts for private companies specializing in construction, logistics, transport and security, but U.S. executives say they need a clear reconstruction strategy to shape their business plans.
Categories: Financial Media
Cisco has a lot to learn about hype
Mar. 10 - Breakingviews columnist Rolfe Winkler says Cisco -- with CEO John Chambers, left -- has a lot to learn from Steve Jobs and Apple about hyping its new products.
Categories: Financial Media
BofA overdraft fee change will bring lower revenue
CHARLOTTE, North Carolina (Reuters) - Bank of America Corp Chief Executive Brian Moynihan said on Wednesday the company's decision to eliminate overdraft fees on debit card transactions will "give up a lot of revenue" for the largest U.S. bank by assets.
Categories: Financial Media
'Golden coffins' irk shareholders
Mar. 10 - Shareholders irate over excessive compensation paid to executives have a new target this proxy season: so-called golden parachutes and golden coffins.
Categories: Financial Media
GM CEO says on track for pre-June loan repayment
SAN ANTONIO (Reuters) - General Motors Co will pay back roughly $8 billion in debt to the United States and Canada before June, its chief executive said on Wednesday, more quickly than the automaker had promised.
Categories: Financial Media
U.S. posts record $220.9 billion budget gap in Feb
WASHINGTON (Reuters) - The United States posted a record $220.91 billion budget deficit in February, Treasury Department data showed on Wednesday.
Categories: Financial Media
A decade later, lessons in the Nasdaq collapse
SAN FRANCISCO (Reuters) - Ten years ago today, before the dot-com bubble burst, the Nasdaq composite index hit a record 5,132.52 points -- a peak that the technology-heavy market shows no sign of scaling again any time soon.
Categories: Financial Media
Living wall is a breath of fresh air
Mar 10 - U.S. retailer Anthropologie's London store attracts customers with a 1,500 square foot indoor 'Living Wall'. Hayley Platt reports.
Categories: Financial Media
Former NY pension fund exec pleads guilty
NEW YORK (Reuters) - The former chief investment officer for New York State's comptroller on Wednesday pleaded guilty to helping favored firms gain access to the state's $129 billion pension fund.
Categories: Financial Media










