Solis: Small business tax credit key
Sept. 3 - U.S. Labor Secretary Hilda Solis says the labor market can expect ups and downs, but the economic recovery is headed in the right direction.
Categories: Financial Media
Small business lending up in July
Sept. 3 - The Thomson Reuters/PayNet index rose 2 percent in July, adding to signs the US economic recovery is gaining a little steam but it remains near historically low levels.
Categories: Financial Media
Obama to offer new economic plans
Sep 3 - U.S. President Obama says economy moving in the right direction but not fast enough, and that he will offer a new plan next week to help growth. Deborah Lutterbeck reports.
Categories: Financial Media
Steady growth for euro zone services
SEP 03 - Recovery in the euro zone's service sector steadies, Roche's cost cutting plans, BP revises spill costs, fugitive businessman in London court and UK alcohol consumption is down.
Categories: Financial Media
Kia recalls 56,000 Souls, Sorentos in U.S., S. Korea
DETROIT/SEOUL (Reuters) - Kia Motors said on Friday it had started a recall of some 56,000 Soul and Sorento vehicles sold in the United States and South Korea due to defective wiring harnesses that could cause fires.
Categories: Financial Media
Obama talks jobs, small business
Sept. 3 - U.S. President Barack Obama discusses August jobs data, which came in better than expected.
Categories: Financial Media
Campbell Soup profit beats Street but sales light
CHICAGO (Reuters) - Campbell Soup Co posted lower-than-expected quarterly sales and forecast sales growth for the new fiscal year below its long-term target as the world's largest soup company grapples with a weak economy.
Categories: Financial Media
Non-manufacturing sector slows in August: ISM
NEW YORK (Reuters) - The U.S. non-manufacturing sector grew in August for an eighth straight month but at a slower pace than July and at a rate that was below expectations, according to an industry report released on Friday.
Categories: Financial Media
Owners of a third of 3PAR back HP bid
NEW YORK (Reuters) - Data storage provider 3PAR Inc said on Friday that shareholders owning about a third of its shares have agreed to accept Hewlett-Packard Co's proposal to buy the company for $2.4 billion.
Categories: Financial Media
Walgreen same-store sales miss expectations
CHICAGO (Reuters) - Walgreen Co posted weaker-than-expected August sales at stores open more than a year, hurt by generic drug introductions and a decrease in customer traffic.
Categories: Financial Media
Global food supply fears grow
Sept. 3 - The concern over global food supply is increasing amid food riots in Mozambique and Russia extending their wheat export ban.
Categories: Financial Media
Drugmaker Roche's cost cutting plans
Sept. 3 - Swiss drug maker Roche is to review its business and cut costs to cope with recent setbacks on key drugs and rising pressures on prices from healthcare reforms.
Categories: Financial Media
Heavy in dollars, China warns of depreciation
BEIJING (Reuters) - China on Friday offered a rare glimpse into its foreign exchange reserves, confirming that they are overwhelmingly allocated in dollars, while a central banker said the mountain of cash could face depreciation risks.
Categories: Financial Media
BP oil spill costs hit $8bln
Sept 3. - BP says the cost of dealing with its spill in the Gulf of Mexico has risen to $8 billion and that it's a fortnight away from sealing the well for good.
Categories: Financial Media
Banks admit better disclosure on bonuses needed
LONDON (Reuters) - Banks have acknowledged they need to be more open about the size of their bonus pools and the methodology for paying star bankers after making progress in other areas of reforming pay structures.
Categories: Financial Media
Service sector spotlight shines on Germany, China
LONDON (Reuters) - Global service sector surveys highlighted a growing divergence in economic recovery on Friday with a pick up in growth in China and Germany but slowdowns in Britain and Spain and an expected deceleration in the United States.
Categories: Financial Media
Canada's Goldcorp to buy Andean for $3.4 billion
SYDNEY (Reuters) - Canada's Goldcorp Inc agreed to buy Argentina-focused gold miner Andean Resources Ltd for C$3.6 billion ($3.4 billion), trumping a competing offer from rival Eldorado Gold Corp.
Categories: Financial Media
Strong yen has upside for Japanese
Sep 3 - Japanese officials are struggling with the strongest currency in 15 years, but for consumers and some companies there have been benefits. Dan Sloan reports.
Categories: Financial Media
Samsung raises 2010 smartphone sales target: report
SEOUL (Reuters) - Samsung Electronics Co Ltd , the world's No.2 handset maker, expects to sell up to 25 million smartphones this year, exceeding its earlier target, and aims to double shipments next year, media reports said on Friday.
Categories: Financial Media
HP wins 3PAR for $2.4 billion as Dell drops out
NEW YORK (Reuters) - Hewlett-Packard Co won the bidding war to buy data storage company 3PAR Inc for $2.4 billion, as rival Dell Inc bowed out on Thursday.
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