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Financier Soros gives $100 million to rights group

Reuters Business News - Tue, 07/09/2010 - 17:23
NEW YORK (Reuters) - Billionaire financier George Soros is donating $100 million to Human Rights Watch over the next 10 years, the group said on Tuesday.


Categories: Financial Media

Oracle hires HP's former chief Mark Hurd

Reuters Business News - Tue, 07/09/2010 - 16:32
NEW YORK (Reuters) - Silicon Valley technology giant Oracle Corp has hired Mark Hurd, the former chief executive of Hewlett-Packard Co who resigned amid a scandal, as president.


Categories: Financial Media

U.S. companies cut more aggressively in downturn

Reuters Business News - Tue, 07/09/2010 - 16:09
NEW YORK (Reuters) - U.S. employers were more aggressive about cutting jobs and otherwise lowering costs during the recession than their peers in other parts of the world, according to a global study by Towers Watson and Co , a global consultancy and professional services firm.


Categories: Financial Media

New clothes boost UK retail sales

Reuters Business Video - Tue, 07/09/2010 - 16:08
Sep.7 - Retail sales for August in the UK improved against the same period last year but shoppers hold off making expensive purchases.

Ingrid Smith, Reuters

Categories: Financial Media

All change at UK banks, Diamond gets top Barclays job

Reuters Business News - Tue, 07/09/2010 - 15:57
LONDON (Reuters) - Change swept through the top of Britain's banks on Tuesday as Barclays said its investment banking supremo Bob Diamond will take over as chief executive and HSBC was expected to say its chairman is going into government.


Categories: Financial Media

Treasury plans warrant auctions for two firms

Reuters Business News - Tue, 07/09/2010 - 15:50
WASHINGTON (Reuters) - The Treasury Department said on Tuesday it plans the auction of warrants in The Harford Financial Services Group Inc. and Lincoln National Corp. over the next several weeks.


Categories: Financial Media

EU ministers bid to end row over banking taxes

Reuters Business News - Tue, 07/09/2010 - 14:57
BRUSSELS (Reuters) - European Union finance ministers made a fresh attempt on Tuesday to settle their differences over taxation of banks and trading as they prepared to approve the creation of new financial watchdogs.


Categories: Financial Media

Samsung warns DRAM oversupply on weak PC sales

Reuters Business News - Tue, 07/09/2010 - 14:00
TAIPEI/SEOUL (Reuters) - Samsung Electronics, the world's top memory chipmaker, warned of an oversupply in the computer memory chip market from next quarter as a sputtering global economy may further weaken PC sales.


Categories: Financial Media

AIG seeks Sept 21 approval for AIA IPO: sources

Reuters Business News - Tue, 07/09/2010 - 13:32
HONG KONG (Reuters) - American International Group Inc plans to seek Hong Kong listing committee approval on September 21, to list its Asian life insurance unit, aiming to raise about $15 billion, two sources with direct knowledge of the deal said on Tuesday.


Categories: Financial Media

SEC sees surge in fraud tip-offs: report

Reuters Business News - Tue, 07/09/2010 - 12:31
(Reuters) - The U.S. Securities and Exchange Commission (SEC) has seen a surge in tip-offs concerning alleged corporate fraud as the Financial Reforms Act offers millions of dollars in bounty payments to whistleblowers, the Wall Street Journal said.


Categories: Financial Media

Justice department probes Google's ITA Software deal: report

Reuters Business News - Tue, 07/09/2010 - 11:50
BANGALORE (Reuters) - The U.S. Justice department is looking into Google Inc's takeover of airline ticketing software firm ITA Software Inc, to determine whether the deal would exert too much influence on the online travel industry, the Wall Street Journal said.


Categories: Financial Media

Australia shrs dip, RBA holds steady

Reuters Business Video - Tue, 07/09/2010 - 11:48
Sep 7 - Australian shares lead the region lower Tuesday amid an end to the nation's election impasse, while the Reserve Bank holds interest rates steady. Dan Sloan reports.
Categories: Financial Media

Global stocks, euro down on Europe banking concerns

Reuters Business News - Tue, 07/09/2010 - 11:20
LONDON (Reuters) - World stocks edged down from the previous day's one-month high on Tuesday while the euro fell broadly as renewed concerns about Europe's banking sector encouraged investors to pause after a recent rally.


Categories: Financial Media

BOJ keeps Japan rates steady

Reuters Business Video - Tue, 07/09/2010 - 08:38
Sep 7 - The Bank of Japan held interest rates steady, keeping its very limited firepower on hold until the impact of the strong yen becomes clearer. Dan Sloan reports.
Categories: Financial Media

Strong yuan would hurt China: economists

Reuters Business News - Tue, 07/09/2010 - 07:43
BEIJING (Reuters) - China must resist external pressure for yuan appreciation because a stronger exchange rate would take a big bite out of economic growth, according to a pair of senior government researchers.


Categories: Financial Media

AIG seen leaning towards new Taiwan unit sale

Reuters Business News - Tue, 07/09/2010 - 07:37
HONG KONG/TAIPEI (Reuters) - American International Group Inc is leaning toward a new sale of its Taiwan unit, according to one of the original buyers, opening the way for a number of Taiwanese banks who have expressed interest.


Categories: Financial Media

Greek PM reshuffles cabinet, stays fiscal course

Reuters Business News - Tue, 07/09/2010 - 04:57
ATHENS (Reuters) - Greek Prime Minister George Papandreou reshuffled his cabinet early on Tuesday to try to better deal with the debt crisis and signaled he would stay the fiscal course by leaving his finance minister unchanged.


Categories: Financial Media

Low-cost car from F1 designer

Reuters Business Video - Tue, 07/09/2010 - 03:18
Sep.7 - Legendary Formula One designer Gordon Murray is aiming to revolutionise low-cost vehicle manufacture with his first city car, the T.25.

Andrew Potter, Reuters

Categories: Financial Media

Obama kicks off campaign with infrastructure plan

Reuters Business News - Tue, 07/09/2010 - 02:08
MILWAUKEE (Reuters) - President Barack Obama, scrambling to jump-start job creation in a sluggish economy, proposed a six-year plan on Monday to rebuild aging roads, railways and runways with an initial $50 billion investment.


Categories: Financial Media

Obama unveils $50 billion job plan

Reuters Business Video - Tue, 07/09/2010 - 00:33
Sept 6 - In a move aimed at jump-starting the economy, President Obama announced a six-year plan to revamp America's aging roads, railways and runways. Jon Decker reports.
Categories: Financial Media