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03/12/2010 02:59 AM |
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S&P 500 hits 17-month high as banks lift Wall St |
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NEW YORK (Reuters) - The S&P 500 hit a 17-month closing high as rising bank shares led a late rally that lifted stocks on Thursday, more than offsetting worries China may move to cool its overheating economy.
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03/12/2010 05:37 AM |
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Lehman insolvent weeks before bankruptcy: examiner |
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NEW YORK (Reuters) - Lehman Brothers Holdings Inc used accounting gimmicks and had been insolvent for weeks before it filed for bankruptcy in September 2008, a court-appointed examiner said, but he did not find extensive wrongdoing.
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03/12/2010 04:21 AM |
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Bank reform talks fail, Dodd to go solo |
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WASHINGTON (Reuters) - Chances of a broad overhaul of U.S. financial regulation dimmed on Thursday after bipartisan Senate talks collapsed, jeopardizing a top Obama administration priority and boosting bank share prices.
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03/12/2010 05:27 AM |
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Toyota discounts boost sales, U.S. mulls "black box" |
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DETROIT/WASHINGTON (Reuters) - Unprecedented discounts after a series of damaging recalls boosted Toyota Motor Corp's U.S. sales in early March, as U.S. regulators weighed new auto safety measures.
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03/12/2010 03:07 AM |
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Citigroup sees return to sustained profitability |
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NEW YORK (Reuters) - Citigroup Inc Chief Executive Vikram Pandit told investors on Thursday the bank is on track to return to sustained profitability and losses from some of its worst assets should be manageable if the economy does not deteriorate.
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03/12/2010 03:06 AM |
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Movie "Avatar" has few fans among mining execs |
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NEW YORK (Reuters) - It's enough to make a mining executive grit his teeth or his kids to give him the silent treatment.
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03/12/2010 03:09 AM |
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Jobless claims fall, trade gap narrows on oil |
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WASHINGTON (Reuters) - The number of U.S. workers filing new claims for unemployment benefits fell only slightly last week, indicating a sluggish return to jobs growth. The U.S. trade gap shrank as oil imports fell.
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03/12/2010 12:50 AM |
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Fed seen keeping "extended period" low rate vow |
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WASHINGTON (Reuters) - Lingering U.S. labor market weakness and nagging doubts about the solidity of the economic recovery are expected to keep the Federal Reserve committed to holding borrowing costs very low for a long time at a monetary policy meeting next week.
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03/12/2010 01:15 AM |
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Exxon boosts 2010 capital spending to $28 billion |
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NEW YORK (Reuters) - Exxon Mobil Corp will increase capital spending nearly 4 percent this year to $28 billion in part as the largest U.S. oil company seeks to increase its share of the global market for natural gas.
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03/12/2010 03:17 AM |
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BP to pay Devon $7 bln for fields |
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LONDON/NEW YORK (Reuters) - BP will pay $7 billion to Devon Energy for assets that will extend its reach into Brazil and bulk up its position in the Gulf of Mexico, as the world's top oil companies look to acquisitions to refill depleting reserves.
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