Lloyds to cut 15,000 jobs in strategy revamp
Wed,29 Jun 2011 11:20 PM PDT
Reuters - LONDON (Reuters) - Lloyds unveiled plans to cut 15,000 jobs, reduce costs and sell assets in a strategy review aimed at boosting the fortunes of the bank which had to be part-nationalized during the credit crisis. Full Story1
 HONG KONG (Reuters) - Asian stocks climbed on Thursday as investors breathed a sigh of relief after Greece moved a step closer to avoiding a default by adopting harsh austerity measures, a move that boosted the euro and sparked a broad rebound in risky assets. |
Exclusive: Lilly CEO defends R&D spending Wed,29 Jun 2011 09:02 PM PDT Reuters - WASHINGTON (Reuters) - Eli Lilly and Co is committed to spending what it takes to come up with innovative drugs over the long term, its chief executive said, even though the company's earnings are expected to tumble over the next three years. Full Story1 |
Moody's warns may downgrade U.S. muni debt ratings Wed,29 Jun 2011 07:39 PM PDT Reuters - NEW YORK (Reuters) - Moody's on Wednesday warned it may downgrade some Aaa-rated U.S. states and municipalities if the country loses its top-notch rating or if federal funding falls significantly as part of a plan to reduce the nation's deficit. Full Story1 |
 TORONTO (Reuters) - The Canadian government is set to announce the sale of Atomic Energy of Canada Ltd to SNC-Lavalin Group Inc, the Globe and Mail newspaper said on Tuesday. |
 SINGAPORE (Reuters) - Asia's fast-rising economies set their sights on securing key IMF posts under new chief Christine Lagarde, hopeful she would be the one to make good on oft-heard pledges to give more power to emerging markets. |
 CHARLOTTE, N.C./NEW YORK (Reuters) - Bank of America Corpsaid it expects to take more than $20 billion of charges after settling with mortgage bond investors, resulting in a second-quarter loss. |
BofA $8.5 billion settlement likely faces legal fight Wed,29 Jun 2011 05:11 PM PDT Reuters - WILMINGTON, Delaware (Reuters) - Bank of America Corp's $8.5 billion settlement to clear up its mortgage bond mess isn't a done deal and could be challenged -- if the large number of investors locked out of negotiations decide to organize. Full Story1 |
Paulson gets more time for bankrupt hotel payoffs Wed,29 Jun 2011 05:09 PM PDT Reuters - NEW YORK (Reuters) - Hedge fund Paulson & Co. has more time to increase the payout on a group of U.S. luxury resort hotels it owns after bankruptcy court gave it an extension on Wednesday. Full Story1 |
 (Reuters) - AMR Corp's American Airlines is negotiating with aircraft makers Airbus and Boeing Co to replace its entire domestic fleet by purchasing at least 250 airplanes in a deal valued at about $15 billion, the Wall Street Journal reported. |
 Jun (Reuters) - Bank Of America Corp cut about 60 jobs in its equity sales and trading unit to lower expenses, Bloomberg reported, citing two people with knowledge of the decision. |
 LONDON (Reuters) - Three Chinese banks are now in the world's top 10, underlining the dramatic growth of the country's financial industry in recent years, according to a new study released on Thursday. |
 LONDON (Reuters) - Three Chinese banks are now in the world's top 10, underlining the dramatic growth of the country's financial industry in recent years, according to a new study released on Thursday. |
Mexico's Carstens hits out at IMF double standards Wed,29 Jun 2011 03:48 PM PDT Reuters - MEXICO CITY (Reuters) - Mexico's losing candidate to take the helm of theInternational Monetary Fund hit out at international bodies on Wednesday, saying they had failed to live up to the standards they set for others. Full Story1 |
Carver raises $55 million from Goldman, Morgan Stanley, others Wed,29 Jun 2011 03:37 PM PDT Reuters -  (Reuters) - Carver Bancorp Inc raised $55 million in new equity capital from institutional investors, including Goldman Sachs ,Morgan Stanley , Citigroup Inc and American Express , helping boost the bank's capital levels to meet regulatory requirements. |
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