Europe at impasse on Greece, IMF backs investor role
Wed,13 Jul 2011 11:31 PM PDT
Reuters -  BRUSSELS/ATHENS (Reuters) - The IMF joined Germany on Wednesday in pushing for private sector investors to help cut Greece's debt mountain as the euro zone sought to break an impasse on how and when to grant the country urgent aid. | |
 HONG KONG (Reuters) - The dollar fell on Thursday, sending gold to a record high and yields on Japanese government bonds to eight-month lows, after Moody's warning that the United States may lose its top-notch credit rating spurred a rush toward safe-haven assets. |
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 NEW YORK/WASHINGTON (Reuters) - When Rupert Murdoch swooped in to buy the Wall Street Journal in 2007, it sparked fears that the venerable newspaper brand would suffer by being housed under the same roof as News Corp's tabloids. |
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 LOS ANGELES (Reuters) - Netflix Inc's hefty price increase provoked an unprecedented outpouring of outrage on the Internet, but Wall Street cautiously welcomed the move, sending its shares up nearly 3 percent on Wednesday. |
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Timeline: The debt debate
Wed,13 Jul 2011 08:50 PM PDT
Reuters - (Reuters) - President Barack Obama and top lawmakers will meet again on Wednesday in an effort to forge a budget deal that would clear the way for Congress to raise the $14.3 trillion debt ceiling. Full Story |
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No alternative to raising debt ceiling: White House
Wed,13 Jul 2011 08:50 PM PDT
Reuters - WASHINGTON (Reuters) - There is no alternative to raising the debt ceiling, and "heinous choices" about which bills would have to be paid first in the event of a default are a matter of due diligence, the White House said on Wednesday. Full Story |
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 TOKYO (Reuters) - Japanese Finance Minister Yoshihiko Noda warned on Thursday that recent yen strength does not reflect economic fundamentals, escalating a verbal campaign to cool the rising yen although traders saw little immediate chance that authorities would intervene directly in the market. |
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News Corp won't rush into asset sales: source
Wed,13 Jul 2011 07:00 PM PDT
Reuters - NEW YORK (Reuters) - With its bid for broadcaster BSkyB withdrawn, News Corp is turning its attention to fighting the political and legal fallout of the UK phone hacking scandal and is unlikely to rush any decision on asset sales. Full Story |
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 TORONTO (Reuters) - TMX Group is now in talks with a Canadian consortium whose hostile bid for the operator of the Toronto Stock Exchange scuppered a friendly combination with the London Stock Exchange, a government official said on Wednesday. |
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 NEW YORK (TheWrap) - Oprah Winfrey's taking on the title of "permanent CEO" of OWN was a bold admission that the network needs her help. But she could help more in front of the camera than behind a desk. |
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 BRUSSELS/ATHENS (Reuters) - The IMF joined Germany on Wednesday in pushing for private sector investors to help cut Greece's debt mountain as the euro zone sought to break an impasse on how and when to grant the country urgent aid. |
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Greece PM says second bailout needed urgently
Wed,13 Jul 2011 04:34 PM PDT
Reuters - BERLIN (Reuters) - Greek Prime Minister George Papandreou said the euro zone and International Monetary Fund must quickly approve a second bailout for his country to avoid its economic reform plans collapsing, a German newspaper reported. Full Story |
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 NEW YORK (Reuters) - Morgan Stanley might lay off more workers than the few hundred underperforming financial advisers it previously said were at risk of being fired, according to Fox Business Network. |
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NEW YORK/WASHINGTON (Reuters) - When Rupert Murdoch swooped in to buy the Wall Street Journal in 2007, it sparked fears that the venerable newspaper brand would suffer by being housed under the same roof as News Corp's tabloids. |
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