Asia stocks set for third week of gains before U.S. data Thu,7 Jul 2011 11:29 PM PDT Reuters - HONG KONG (Reuters) - Asian stocks are set for their third consecutive week of gains on expectations later on Friday of strong U.S. jobs data, which would encourage investors to sustain a shift toward emerging market assets that began last week. Full Story1 |
Jobs seen boosting hopes of an economic revival Thu,7 Jul 2011 09:09 PM PDT Reuters - WASHINGTON (Reuters) - U.S. companies probably stepped up hiring in June as the economy recovers from a stumble in recent months, although job growth is not expected to be strong enough to eat into high unemployment. Full Story1 |
Big pickups clog dealer lots, concern analysts Thu,7 Jul 2011 07:04 PM PDT Reuters - DETROIT (Reuters) - Big pickup trucks are clogging many U.S. dealer lots, causing headaches for General Motors Co and other automakers, and raising concerns about price wars and lower profits later in the year. Full Story1 |
Factbox: Reaction to Murdoch's decision to shut paper Thu,7 Jul 2011 06:58 PM PDT Reuters - LONDON (Reuters) - Following are headlines and reaction from British newspapers to Thursday's announcement by Rupert Murdoch's News International that it will close the News of the World tabloid. Full Story1 |
UK's Miliband wants media watchdog scrapped Thu,7 Jul 2011 06:35 PM PDT Reuters - LONDON (Reuters) - Britain's media watchdog is "toothless" and should be scrapped, opposition leader Ed Miliband is expected to say on Friday after a phone-hacking scandal sent shockwaves across the country and led to the closure of a top-selling tabloid.Full Story1 |
Buffett gives $1.78 billion to Gates, family charities Thu,7 Jul 2011 05:21 PM PDT Reuters - NEW YORK (Reuters) - Investor Warren Buffett has donated another $1.78 billion to several charities, with the bulk going to the Bill & Melinda Gates Foundation, as part of his plan begun in 2006 to donate 99 percent of his wealth. Full Story1 |
Simon Property to give CEO a million shares to stay Thu,7 Jul 2011 04:26 PM PDT Reuters - NEW YORK (Reuters) - The board of Simon Property Group Inc , the largest owner of U.S. malls and outlet centers, has agreed to a plan that will give CEO and Chairman David Simon 1 million shares for him to remain with the company for at least another eight years, according to a regulatory filing. Full Story1 |
Atco expands in Australia with gas distributor buy Thu,7 Jul 2011 03:17 PM PDT Reuters - BANGALORE/CALGARY (Reuters) - Atco Ltd , the Canadian utility and manufacturing conglomerate, said on Thursday it would buyWestern Australia Gas Networks for A$356 million (C$367 million) to strengthen its presence in booming Western Australia. Full Story1 |
JPMorgan settles muni bid-rigging case for $211 million Thu,7 Jul 2011 03:16 PM PDT Reuters - NEW YORK (Reuters) - JPMorgan Chase & Co agreed to pay $211.2 million to settle federal and state charges that its employees rigged bids for derivatives sold to at least 48 cities and charities. Full Story1 |
Exclusive: Top commodities funds take fresh beating in June Thu,7 Jul 2011 03:03 PM PDT Reuters - NEW YORK (Reuters) - Two of the biggest commodity hedge funds suffered a second month of painful losses in June, falling victim to a rout across raw goods markets, a hedge fund investor told Reuters on Thursday. Full Story1 |
Murdoch journalists stunned by paper's closure Thu,7 Jul 2011 02:49 PM PDT Reuters - LONDON (Reuters) - Journalists at the British tabloid shut down by Rupert Murdoch broke down in tears on Thursday and expressed shock, sadness and fury at the unexpected fallout of a phone hacking scandal. Full Story1 |
TSX hangs on to tiny gain despite gold retreat Thu,7 Jul 2011 02:41 PM PDT Reuters - TORONTO (Reuters) - Toronto's main stock market index finished flat on Thursday, erasing gains it had held through the day just moments before the session end as market players squared positions ahead of Friday's highly anticipated U.S. nonfarm payrolls report for June. Full Story1 |
Royal Bank of Canada to enter ETF market Thu,7 Jul 2011 02:40 PM PDT Reuters - TORONTO (Reuters) - Royal Bank of Canada , the country's biggest bank, is getting into the fast-growing exchange traded fund business, according filings with regulators this week. Full Story1 |
BofA to take $13 billion more in charges: Bernstein Thu,7 Jul 2011 02:36 PM PDT Reuters - (Reuters) - Bank of America will take another $13 billion in charges related to pending settlement with private label mortgage-backed securities investors, Sanford C Bernstein said. Full Story1 |
Entertainment, broadband firms adopt piracy warning system Thu,7 Jul 2011 02:24 PM PDT Reuters - LOS ANGELES (TheWrap) - A broad coalition of entertainment industry companies, guilds, Internet services and telecommunications providers said Thursday they have joined to launch a new warning system to tell consumers when they have downloaded copyrighted material illegally. Full Story1 |
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