Reuters - U.S. stocks sagged in volatile trading on Thursday after weak outlooks from technology companies and downbeat comments from a Federal Reserve official gave investors little reason to buy.
Reuters - Citigroup Inc will pay $75 million to settle charges that it failed to disclose subprime exposure to investors in 2007, the U.S. Securities and Exchange Commission said on Thursday.
Thu, 29 Jul 2010 23:52:47 GMT - Reuters - The Securities and Exchange Commission charged billionaire Samuel Wyly and his brother Charles with fraud for reaping more than $550 million of illicit gains by trading stock in four companies while they were serving as directors.
Thu, 29 Jul 2010 22:43:10 GMT - Reuters - MetLife Inc , the biggest U.S. life insurance company, posted a second-quarter profit of $1.53 billion, helped by higher premium revenue from sales domestically and abroad.
AFP - London's leading shares rose slightly at the start of trading on Thursday as positive corporate earnings figures countered weak US economic data.
Thu, 29 Jul 2010 19:45:06 GMT - AP - The dollar slid to its lowest level against the euro in nearly three months Thursday amid mounting concerns about the U.S. economy at a time when European indicators are improving.
Fri, 30 Jul 2010 00:38:21 GMT - AP - Business software maker Epicor Software Corp. said Thursday that its second-quarter loss narrowed as revenue climbed.
Thu, 29 Jul 2010 14:59:57 GMT - AP - Italian officials are seeking to raise some euro25 million (about $32 million) in private money to finance the restoration of one of the country's iconic landmarks: the Colosseum.
Fri, 30 Jul 2010 00:39:33 GMT - AP - New York Attorney General Andrew Cuomo says his office has opened a fraud investigation into the life insurance industry.
AFP - China allowed an IMF report critical of its currency policy to be released Thursday for the first time in four years, signaling Beijing's confidence that it can control the debate on the yuan.
Wed, 28 Jul 2010 17:56:07 GMT - Reuters - Amazon.com said its best-selling Kindle device was currently out of stock, leading one Internet analyst to surmise the online retailer was poised to launch a new version.
Thu, 29 Jul 2010 22:30:00 GMT - AP - Federal regulators say a Florida company they accused of misleading borrowers who were seeking to avoid foreclosure has agreed to repay the consumers $2.4 million to settle those charges.
AP - A Canadian company whose pipeline leaked hundreds of thousands of gallons of oil into a Michigan river boasts on its website of being "an industry leader in pipeline safety and integrity."
Thu, 29 Jul 2010 21:19:25 GMT - AP - Biotechnology company Amgen Inc. said Thursday that its second-quarter net income slipped 5 percent, mainly on higher taxes, but the results topped Wall Street expectations.
AP - President Barack Obama said the government will recover all the taxpayer money his administration provided to bail out the auto industry last year.
Thu, 29 Jul 2010 12:08:41 GMT - BusinessWeek - When Petr Vojak was deciding where to settle down with his family last year, his aim was clear. He wanted somewhere peaceful yet central. Eventually, they decided on a new flat in a northern district along the Vltava river, which flows through Prague.
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Reuters: Business 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.
Fri, 30 Jul 2010 00:02:36 +0100 - LONDON (Reuters) - Consumer morale fell to its lowest in almost a year in July as worries about the impact of government spending cuts drove expectations for the next 12 months to their lowest since the deepest point of the recession.
Thu, 29 Jul 2010 19:25:12 +0100 - LONDON/HOUSTON (Reuters) - Exxon Mobil's quarterly profit jumped 85 percent on surging oil prices and a big rise in refining margins, while Royal Dutch Shell Plc's profits rose 34 percent.
Fri, 30 Jul 2010 00:04:00 +0100 - LONDON (Reuters) - A global accounting standard setter proposed a new rule for insurers on Friday, aiming to shine a light on a sector criticised by investors for being a "black box" that keeps them in the dark.
Thu, 29 Jul 2010 16:21:24 +0100 - LONDON (Reuters) - Mortgage approvals fell more than expected in June and overall lending stalled, Bank of England figures showed on Thursday, suggesting the housing market will continue to soften in the coming months.
Thu, 29 Jul 2010 18:17:15 +0100 - NEW DELHI (Reuters) - Prime Minister David Cameron has revealed a plain-speaking streak during a tour of Turkey and India that raises questions over whether it is down to youthful inexperience or a bold new approach to diplomacy.
Thu, 29 Jul 2010 17:37:59 +0100 - LONDON (Reuters) - Britain's top shares closed easier on Thursday as a retreat from banks and investor caution ahead of U.S. growth data on Friday offset a batch of robust UK corporate earnings from companies including AstraZeneca.
Thu, 29 Jul 2010 21:36:49 +0100 - BRUSSELS (Reuters) - The European Union's top court ruled on Thursday that Anheuser-Busch InBev (AB-InBev) may not register "Budweiser" as a trademark in the bloc, ending a 14-year legal battle over the name with a Czech brewer.
Thu, 29 Jul 2010 15:00:43 +0100 - LONDON (Reuters) - Severe budget cuts and the possibility of slower growth ahead will force the Bank of England to wait until the second quarter of 2011 to raise interest rates, according to a Reuters poll of 61 economists.
Thu, 29 Jul 2010 17:29:50 +0100 - LONDON (Reuters) - Metro Bank, Britain's first new high street retail bank in more than 100 years, opened its doors to customers on Thursday, hoping to break into a sector whose reputation has been damaged by the credit crisis.
Thu, 29 Jul 2010 23:49:09 +0100 - NEW YORK (Reuters) - Citigroup Inc will pay $75 million (48 million pounds) to settle charges that it failed to disclose subprime exposure to investors in 2007, the U.S. Securities and Exchange Commission said on Thursday.
Yahoo! News: Business News Headlines
The latest Business news headlines from Yahoo! News UK. Find videos, pictures and in-depth Business coverage from the UK and around the world.
Thu, 29 Jul 2010 23:03:00 +0000 - LONDON (Reuters) - A global accounting standard setter proposed a new rule for insurers on Friday, aiming to shine a light on a sector criticised by investors for being a "black box" that keeps them in the dark.
Thu, 29 Jul 2010 23:02:00 +0000 - LONDON (Reuters) - Consumer morale fell to its lowest in almost a year in July as worries about the impact of government spending cuts drove expectations for the next 12 months to their lowest since the deepest point of the recession.
Thu, 29 Jul 2010 22:49:00 +0000 - NEW YORK (Reuters) - Citigroup Inc will pay $75 million (48 million pounds) to settle charges that it failed to disclose subprime exposure to investors in 2007, the U.S. Securities and Exchange Commission said on Thursday.
Thu, 29 Jul 2010 22:38:00 +0000 - WELLINGTON (AFP) - The latest Apple iPhone went on sale in several countries Friday, but although New Zealand was listed to be among them the gadget was mysteriously unavailable.
Thu, 29 Jul 2010 21:20:00 +0000 - WASHINGTON (AFP) - China allowed an IMF report critical of its currency policy to be released Thursday for the first time in four years, signaling Beijing's confidence that it can control the debate on the yuan.
Thu, 29 Jul 2010 21:19:00 +0000 - WASHINGTON (AFP) - The US economy risks "Japanese-style" stagnation, a top Federal Reserve official warned Thursday, as a key economic report was expected to show the recovery is losing pace.
Thu, 29 Jul 2010 21:01:00 +0000 - NEW YORK (AFP) - Motorola posted a six-fold increase in quarterly net profit Thursday and an optimistic outlook for its mobile phone division ahead of its separation next year.
Thu, 29 Jul 2010 20:36:00 +0000 - BRUSSELS (Reuters) - The European Union's top court ruled on Thursday that Anheuser-Busch InBev (AB-InBev) may not register "Budweiser" as a trademark in the bloc, ending a 14-year legal battle over the name with a Czech brewer.
Thu, 29 Jul 2010 19:36:00 +0000 - LONDON (AFP) - Metro Bank, Britain's first new high street lender for over 100 years, opened its first branch on Thursday in a move aimed at shaking up the sector but ran into immediate criticism over its products.
BBC News - Business
The latest stories from the Business section of the
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Thu, 29 Jul 2010 10:59:50 +0000 - People reaching the age of 65 will no longer be forced to retire from October next year, under plans announced by the government.
Thu, 29 Jul 2010 23:05:58 +0000 - Good weather and football's World Cup is thought to have given a boost to beer sales in the UK, industry figures suggest.
Thu, 29 Jul 2010 15:10:10 +0000 - The UK's Partygaming and Austrian firm Bwin unveil plans to merge and create the world's largest online gaming business.
Thu, 29 Jul 2010 18:30:27 +0000 - The former chief executive of Enron, Jeffrey Skilling, has applied for bail. His lawyer says his conviction for fraud will be overturned.
Thu, 29 Jul 2010 13:12:47 +0000 - UK house prices fell 0.5% in July, the Nationwide says, cutting the annual rate of house price inflation to 6.6% from 8.7%.
Thu, 29 Jul 2010 20:59:05 +0000 - Banking giant Citigroup agrees to pay $75m to settle civil charges that it misled investors over potential losses from subprime mortgages.
Thu, 29 Jul 2010 14:17:31 +0000 - Satellite TV group BSkyB reports a sharp jump in profits, driven by new subscriptions, particularly for high definition services.
Thu, 29 Jul 2010 10:49:33 +0000 - California governor Arnold Schwarzenegger declares a fiscal state of emergency, putting pressure on lawmakers to pass a budget.
Thu, 29 Jul 2010 12:49:37 +0000 - Up to 60,000 people working in the public sector in Scotland could lose their jobs, according to an independent review commissioned by ministers.
Thu, 29 Jul 2010 14:54:51 +0000 - China allows the publication of an International Monetary Fund staff report on its economy for the first time since 2006.
Thu, 29 Jul 2010 16:24:02 +0000 - Fugitive Polly Peck tycoon Asil Nadir, who fled to northern Cyprus in 1993, begins a legal bid to be granted bail ahead of a UK theft trial.
Thu, 29 Jul 2010 16:40:02 +0000 - Global brewing giant Anheuser-Busch InBev suffers a defeat in a long-running battle over the rights to the Budweiser beer brand.
Thu, 29 Jul 2010 16:51:29 +0000 - A "ground-breaking" Court of Appeal judgement removes the protection previously given to thousands of people in divorce proceedings.
Wed, 28 Jul 2010 23:01:06 +0000 - Council workers across England face having to retire later or pay more into their pension scheme, the public spending watchdog warns.
Thu, 29 Jul 2010 10:48:31 +0000 - Greek police fire tear gas to disperse hundreds of lorry drivers protesting in Athens against a government order to end their strike.
Wed, 28 Jul 2010 12:41:59 +0000 - David Cameron begins a two-day visit to India with the aim of strengthening relations and creating jobs back in Britain.
Thu, 29 Jul 2010 17:37:31 +0000 - Shares in AstraZeneca rise more than 3% after the drug company reports a rise in profits after strong sales of key drugs.
Thu, 29 Jul 2010 17:28:32 +0000 - Lufthansa Group reports a net loss after disruption caused by the ash cloud from the Icelandic volcano and a pilots' strike.
Tue, 27 Jul 2010 13:49:43 +0000 - A new audit into Barcelona's finances reveals the club's debt is 442m euros (£369.5m) after a loss of more than 77m euros (£64.36m) last season.
Thu, 29 Jul 2010 08:25:24 +0000 - Plans to scrap the default retirement will 'raise concerns' according to David Yeandle of the Engineering Employers Federation.
Thu, 29 Jul 2010 22:17:01 +0000 - As BP's rivals count the cost of a ban on offshore drilling, the tide of lawsuits arising from the oil spill in the Gulf of Mexico has washed up in a federal courtroom in Idaho.
Thu, 29 Jul 2010 18:21:49 +0000 - A raft of European firms have announced bumper profits, fuelling hopes that the economy is on the right track following the recession.
Thu, 29 Jul 2010 12:06:57 +0000 - The first High Street bank to launch in the UK for more than 100 years has opened its first branch in Holborn in London.
Fri, 12 Oct 2007 09:40:29 EST - Home Depot is testing a warm-and-fuzzy approach to selling hammers, lighting and garage doors that targets female shoppers.
Fri, 12 Oct 2007 08:10:29 EST - The business software maker confirmed today it offered BEA Systems $17 per share, a 25 percent premium over Thursday's closing price of $13.62.
Thu, 11 Oct 2007 12:56:14 EST - AT&T Inc. said on Thursday that the head of its wireless unit, Stan Sigman, was retiring, and it appointed Ralph de la Vega as his successor.
Thu, 11 Oct 2007 12:21:40 EST - State Treasurer Richard Moore has asked the U.S. Securities and Exchange Commission to investigate the timing of stock sales made by the chief executive of mortgage lender Countrywide Financial Corp.
Thu, 29 Jul 2010 12:18:16 EDT - About six months ago, the United Arab Emirates ambassador to the U.S., Yousef Al Otaiba, was making an official visit when he received a phone call from a friend asking what he was doing in Texas.
Thu, 29 Jul 2010 18:37:00 EDT - Senate Republicans blocked a measure that would cut taxes and ease credit for small businesses. Majority Leader Harry Reid seeks a compromise
Thu, 29 Jul 2010 11:01:00 EDT - Chinese cities can't borrow much, so specially designed companies borrow on their behalf. Now experts worry they won't be able to pay it back
Thu, 29 Jul 2010 08:21:00 EDT - Xin Jing spends about 200 yuan ($30) on Japanese sashimi each time she visits City’super’s grocery store in Shanghai. Her appetite is helping fill cargo planes bound for China, boosting profit at Cathay Pacific Airways Ltd.
Wed, 28 Jul 2010 23:01:00 EDT - The Web retailer releases two new versions of its popular e-reader, which will be at the center of its digital media strategy
Thu, 29 Jul 2010 15:12:16 EDT - July 29 (Bloomberg) -- Jeff Bezos, chief executive officer of Amazon.com Inc., talks with Charlie Rose about sales of the Kindle, the company's electronic reading device, and competition in the tablet market. Amazon.com introduced two new versions of the Kindle today. ("Charlie Rose" airs weeknights on PBS and Bloomberg Television. This is an excerpt.)
Thu, 29 Jul 2010 20:42:15 EDT - U.S. corporate bond sales soared 31 percent this month, the busiest July on record, as yields fell to the lowest in more than six years on growing investor confidence in the economic recovery.
Thu, 29 Jul 2010 20:41:00 EDT - Google Inc. said access to its website in China is working normally after earlier reporting that some services, including search, mobile and advertising, were fully blocked.
Thu, 29 Jul 2010 20:39:00 EDT - Japanese stocks fell following an unexpected drop in industrial production and an increase in the unemployment rate, raising concerns the nation’s economic recovery is faltering.
Thu, 29 Jul 2010 20:32:15 EDT - Chinese lenders’ attempts to expand financing for ships are being held back by tax regulations and a lack of expertise, according to Bank of Communications Co.
Thu, 29 Jul 2010 20:32:13 EDT - GrainCorp Ltd. has agreed to buy AWB Ltd. and will issue to AWB shareholders one GrainCorp share for every 5.75 AWB shares they own, subject to an AWB shareholder vote.
Thu, 29 Jul 2010 20:29:00 EDT - Toyota Motor Corp. said it’s preparing a global recall of about 480,000 Avalon sedans and Land Cruiser sport-utility vehicles to repair steering parts that may be defective.
Thu, 29 Jul 2010 20:21:12 EDT - Google Inc. said users can access its website in China normally after earlier reporting that some services, including search, were being blocked there.
Thu, 29 Jul 2010 17:00:00 EDT - Americans are broke and depressed—and also swilling $3 lattes and waiting in line for iPhones. Welcome to the schizophrenic economy
Tue, 27 Jul 2010 23:41:00 EDT - A growing cash pile makes the Web search leader a prime candidate for issuing a dividend or buying back stock, investors say
Tue, 27 Jul 2010 20:51:02 EDT - The North American handset market has just gotten more crowded. On July 28, INQ Mobile, owned by Hong Kong-based carrier Hutchison Whampoa Ltd., said it will start selling its INQ Chat 3G phone through Telus and Koodo Mobile, both based in Canada.
Tue, 27 Jul 2010 13:25:05 EDT - Don't fault BP for trying to balance the issues of cost, safety, and profit. The company's mistake was in the metrics, writes Lisa Hershman
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Reuters - U.S. stocks sagged in volatile trading on Thursday after weak outlooks from technology companies and downbeat comments from a Federal Reserve official gave investors little reason to buy.
Reuters - Citigroup Inc will pay $75 million to settle charges that it failed to disclose subprime exposure to investors in 2007, the U.S. Securities and Exchange Commission said on Thursday.
AFP - London's leading shares rose slightly at the start of trading on Thursday as positive corporate earnings figures countered weak US economic data.
AFP - China allowed an IMF report critical of its currency policy to be released Thursday for the first time in four years, signaling Beijing's confidence that it can control the debate on the yuan.
AP - A Canadian company whose pipeline leaked hundreds of thousands of gallons of oil into a Michigan river boasts on its website of being "an industry leader in pipeline safety and integrity."
AP - President Barack Obama said the government will recover all the taxpayer money his administration provided to bail out the auto industry last year.