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Updated: 4 min 11 sec ago
UBS predicts poor Q1 over euro zone woes
ZURICH (Reuters) - Swiss bank UBS warned on its first-quarter performance when posting quarterly profit at the bottom end of expectations after a loss at its investment bank, amid uncertainty around the euro zone, Europe's banking system, and U.S. deficit issues.
Categories: Financial Media
Greek leaders face crunch talks, unions strike
ATHENS (Reuters) - Greek leaders face crunch talks on Tuesday to agree on unpopular reforms to secure a 130-billion-euro ($170 billion) bailout and avert a chaotic debt default which could threaten its future in the euro zone.
Categories: Financial Media
Toyota Q3 jumps, raises FY outlook on cost cuts, incentives
TOKYO (Reuters) - Toyota Motor Corp reported a stronger-than-expected quarterly operating profit, shrugging off a firm yen and the damaging impact of flooding in Thailand, and raised its annual forecast, helped by cost cuts and Japanese government subsidies.
Categories: Financial Media
Greece wrangling tempers market momentum; RBA holds rates
TOKYO (Reuters) - Greek resistance to the strict conditions attached to a bailout fund on Tuesday sapped recent momentum in markets spurred by hopes the global economy is improving, and the euro fell on renewed fears of a messy debt default.
Categories: Financial Media
SEC to propose new rules for money-market funds: WSJ
(Reuters) - The Securities and Exchange Commission (SEC) will unveil proposals aimed at stabilizing money-market funds in the event of another financial panic, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.
Categories: Financial Media
Facebook governance a concern for California pension fund
NEW YORK (Reuters) - Facebook's corporate governance rules, which give shareholders little say in how the social networking website would be run as a public company, are raising the hackles of one of the largest U.S. investors, the California State Teachers' Retirement System.
Categories: Financial Media
Lockheed's F-35 fighter jet under renewed pressure
WASHINGTON (Reuters) - Key U.S. senators raised fresh questions about Lockheed Martin Corp's $382 billion F-35 fighter program on Monday as the Pentagon's top weapons buyer underscored deep flaws in the way the multinational arms program was set up from the start.
Categories: Financial Media
MGM gets $500 mln loan to expand film, TV slate
LOS ANGELES (Reuters) - Metro-Goldwyn Mayer said its lenders agreed to loan the studio $500 million to retire debt it took on when it emerged from bankruptcy about a year ago and to expand its film and TV production.
Categories: Financial Media
Yum profit up as China keeps growing
(Reuters) - KFC parent Yum Brands Inc reported fourth-quarter earnings that topped Wall Street's view after accelerating sales and operating profit at established restaurants in China helped ease worries that growth in its top market was slowing.
Categories: Financial Media
Wall St edges lower after string of gains
NEW YORK (Reuters) - Stocks closed slightly lower on Monday as lingering questions about Europe's debt crisis and corporate earnings overshadowed growing optimism about economic growth after a five-week rally.
Categories: Financial Media
Mortgage deal faces setbacks, again
(Reuters) - A multi-state mortgage settlement in the works for more than a year will likely be pushed back again as dissident U.S. states continue to press specific concerns and ignore a Monday deadline to decide whether they will sign it.
Categories: Financial Media
BofA investor lawsuit wins class-action status
(Reuters) - Investors suing Bank of America Corp won class-action status for their lawsuit accusing the bank of fraudulently misleading them about the 2008 takeover of Merrill Lynch & Co and the size of Merrill's losses and bonus payouts.
Categories: Financial Media
Yum profit up as China keeps growing
(Reuters) - KFC parent Yum Brands Inc reported fourth-quarter earnings that topped Wall Street's view after accelerating sales and operating profit at established restaurants in China helped ease worries that growth in its top market was slowing.
Categories: Financial Media
SEC's Gallagher wants more oversight of brokers
WASHINGTON (Reuters) - Congress made a mistake when it stripped away most of the Securities and Exchange Commission's authority to police the holding companies of broker-dealers for risks, according to the SEC's newest commissioner.
Categories: Financial Media
Ford won't bid to replace military Humvees
WASHINGTON (Reuters) - Ford Motor Co said on Monday it had decided not to participate in a new Pentagon competition to replace the U.S. military's fleet of workhorse Humvee vehicles.
Categories: Financial Media
MF Global shortfall worsened as bankruptcy neared
(Reuters) - In its chaotic final days, MF Global's floundering brokerage used increasingly large chunks of customer money in an effort to keep the company afloat, creating a massive shortfall in customer funds, the trustee liquidating the brokerage has found.
Categories: Financial Media
UBS loses case to recoup bonus from ex-broker
(Reuters) - A former broker of a UBS AG unit can keep $1 million of a signing bonus he received when joining the firm, despite leaving earlier than terms of the bonus required, according to a ruling by an arbitration panel.
Categories: Financial Media
BofA investor lawsuit wins class-action status
(Reuters) - Shareholders suing Bank of America Corp on Monday won class-action status for their lawsuit accusing the bank and various executives and directors of fraudulently misleading them about the 2008 takeover of Merrill Lynch & Co and size of Merrill's losses and bonus payouts.
Categories: Financial Media
Greeks delay bailout talks as Merkel demands action
ATHENS/PARIS (Reuters) - German Chancellor Angela Merkel told Greece Monday to make up its mind fast on accepting the painful terms for a new EU/IMF bailout, but the country's political leaders responded by delaying their decision for yet another day.
Categories: Financial Media
