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Reuters: Business news

Julkaise syötteitä Reuters News
Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals.
Päivitetty: 9 min 12 s sitten

Economists seek solutions, signs of life in housing

49 min 36 s sitten
SAN FRANCISCO (Reuters) - Top economists at the Allied Social Sciences Association's annual meeting have been searching -- in some cases, in vain -- for signs of life in the U.S. housing market, a key element for busting the country out of a deep economic downturn.

Prosecutors seek to jail Madoff

1 tunti 6 min sitten
NEW YORK/WASHINGTON (Reuters) - U.S. prosecutors asked a judge to jail accused swindler Bernard Madoff on Monday, saying he sent jewelry and other items worth more than $1 million to family and friends in violation of his bail.

Stocks slip on telecom and financials; Apple jumps

1 tunti 19 min sitten
NEW YORK (Reuters) - Stocks fell on Monday as investors booked profits after last week's run-up, while concerns about slowing cell phone sales hit shares of the biggest telecommunications companies.

U.S. seeks to revoke Madoff bail

1 tunti 23 min sitten
NEW YORK (Reuters) - U.S. prosecutors asked a judge to revoke the bail terms for alleged swindler Bernard Madoff and detain him on Monday, claiming he was a flight risk.

Cigna to cut 1,100 jobs, citing weak economy

1 tunti 37 min sitten
LOS ANGELES (Reuters) - Health insurer Cigna Corp said on Monday it will cut 1,100 jobs, or about 4 percent of its workforce, and consolidate certain operations as it copes with the economic downturn.

Car sales plunge, heralding bleak 2009

1 tunti 45 min sitten
DETROIT (Reuters) - Major automakers reported U.S. sales in December that plunged by more than a third, closing out the weakest year for the battered industry in over a decade and a half in its largest single market.

LDK shares slide after issues revenue warning

2 tuntia 5 min sitten
LOS ANGELES (Reuters) - Solar wafer maker LDK Solar Co Ltd warned on Monday of lower-than-expected fourth quarter and 2009 revenue, saying the global economic crisis and tight credit markets have weakened demand for solar power, sending its shares down nearly 14 percent.

Fed buys MBS in latest unconventional move

2 tuntia 21 min sitten
NEW YORK (Reuters) - The Federal Reserve on Monday kick-started its latest unconventional program to boost the moribund economy, this time taking aim at the heart of the slumping housing market.

Mosaic profit up, will cut fertilizer output

2 tuntia 23 min sitten
NEW YORK (Reuters) - North American fertilizer company Mosaic Co said on Monday its quarterly profit jumped, boosted by rising potash and phosphate sales, but said it would cut output and expected weak results for its current quarter.

U.S., Germany mulls tax cuts

Ma, 05/01/2009 - 23:55
NEW YORK (Reuters) - The prospect of new tax cuts in the United States and Germany injected a measure of New Year cheer on Monday, even as automakers wrapped up 2008 as their worst in more than 15 years with yet another month of slumping U.S. sales.

GE's finance arm launches $10 billion FDIC-backed debt

Ma, 05/01/2009 - 23:53
NEW YORK (Reuters) - General Electric Co's finance arm on Monday launched a $10 billion sale of FDIC-backed debt, the largest sale under the government guarantee program since its inception last November.

Ex-eBay CEO Whitman eyes run for California governor

Ma, 05/01/2009 - 23:42
SAN FRANCISCO (Reuters) - Former eBay Inc Chief Executive Meg Whitman has resigned from three corporate boards for personal reasons, a turn-of-the-year move that would free her to run for governor of California.

Apple's Jobs reassures investors about his health

Ma, 05/01/2009 - 23:26
NEW YORK (Reuters) - Apple Inc Chief Executive Steve Jobs sought to soothe investor concerns about his health on Monday, saying his weight loss was caused by a hormone imbalance that is relatively simple to treat.

Meg Whitman resigns board position: Procter and Gamble

Ma, 05/01/2009 - 22:33
(Reuters) - Procter and Gamble Co says Meg Whitman resigned from board December 31 for personal reasons. A Whitman spokesman said Whitman resigned from the boards of P&G, EBay and Dreamworks Animation all as of December 31.

Tyson Foods CEO leaves company; shares slump

Ma, 05/01/2009 - 22:23
CHICAGO (Reuters) - Tyson Foods Inc Chief Executive Dick Bond said on Monday he was leaving the world's largest meat producer, effective immediately, a move that surprised analysts and sent Tyson shares down 6 percent.

New bail hearing set in Madoff case: source

Ma, 05/01/2009 - 21:31
NEW YORK (Reuters) - A new bail hearing was set for Monday in the Bernard Madoff case, according to a source, with the accused swindler showing up at the courthouse.

China maker Waterford Wedgwood calls in receivers

Ma, 05/01/2009 - 21:28
DUBLIN (Reuters) - Ireland's Waterford Wedgwood, whose luxury tableware was once a mainstay of wedding gift lists worldwide, has called in receivers and placed two of Britain's most venerable china makers into administration.

Economists see jobless surge, deeper housing hole

Ma, 05/01/2009 - 20:04
NEW YORK (Reuters) - The worst financial crisis in more than a half century is going to get even worse, putting further pressure on U.S. home prices and driving the unemployment rate above 11 percent, according to two prominent academic economists.

Walgreen, Rite Aid shoppers look for basics in Dec

Ma, 05/01/2009 - 19:14
CHICAGO (Reuters) - Walgreen Co's sales at drugstores open at least a year rose a better-than-expected 4.9 percent in December, as cash-strapped consumers continued to buy basics but shied away from holiday items.

Thousands of claim forms sent to Madoff customers

Ma, 05/01/2009 - 18:55
NEW YORK (Reuters) - More than 8,000 forms have been mailed to customers of accused swindler Bernard Madoff so they can make claims by March or July for any money they may have lost, the trustee overseeing the liquidation of Madoff's firm said on Monday.