 WASHINGTON (Reuters) - President Barack Obama and congressional leaders pressed ahead with private talks on deficit reduction on Saturday, seeking an as-yet-elusive way to lift the debt ceiling and avoid a U.S. default next month. | |
Oppenheimer sued for $1.8 billion in improper loans
Sat,16 Jul 2011 12:01 PM PDT
Reuters - CHICAGO (Reuters) - A group of lenders sued OppenheimerFunds Inc, an investment subsidiary and an advisory company, accusing it of wrongfully procuring $1.8 billion in loans from March 2006 to September 2007 to buy investments that were too risky to meet lending agreements. Full Story |
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ECB's Bini Smaghi favours EFSF debt buybacks
Sat,16 Jul 2011 11:55 AM PDT
Reuters - ATHENS (Reuters) - Allowing the EFSF bailout mechanism to buy back bonds from the secondary market would help deal with Europe's debt crisis, European Central Bank Executive Board member Lorenzo Bini Smaghi told a Greek newspaper. Full Story |
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 ATHENS (Reuters) - Greece's Prime Minister George Papandreou ruled out bankruptcy for his debt-choked country and said it was time for Europe to wake up and take brave decisions, according to a newspaper interview to be published on Sunday. |
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 BERLIN (Reuters) - Greece could cut its public debt by 20 billion euros ($28.3 billion) if it bought back sovereign bonds at market prices as part of a rescue deal, German weekly magazine der Spiegel reported, citing finance ministry sources. |
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ECB's Liikanen urges banks to raise capital: media
Sat,16 Jul 2011 08:34 AM PDT
Reuters - HELSINKI (Reuters) - Banks that barely passed the European financial stress tests must swiftly reinforce their capital, ECB Governing Council member Erkki Liikanen told Finnish public broadcaster YLE on Saturday. Full Story |
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 NEW YORK (Reuters) - Stocks will be hard pressed to turn the tide of recent selling next week as political jousting over raising the United States' debt ceiling intensifies. |
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Stricter bank test leaves 80 billion euro hole: analyst
Sat,16 Jul 2011 04:42 AM PDT
Reuters - LONDON (Reuters) - Europe's banks would be 80 billion euros ($113 billion) short of capital under a tough test of their health, more than 30 times the amount demanded in an official test, according to a leading analyst. Full Story |
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Would debt deal come easier at leafy Camp David?
Fri,15 Jul 2011 10:41 PM PDT
Reuters - WASHINGTON (Reuters) - Would it help improve the chances of a breakthrough in the deadlocked debt talks to take them to Camp David, the leafy presidential retreat far removed from Washington's political hothouse? Full Story |
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Democrat says will not let default on debt
Fri,15 Jul 2011 10:41 PM PDT
Reuters - WASHINGTON (Reuters) - Democrats have assured Republicans they would ensure the United States does not default on its debt and said Democrats would be willing to vote on an unconditional extension of the debt ceiling. Full Story |
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 SANTIAGO/LOS ANGELES (Reuters) - Starbucks Corp has been hit with its first strike at a company-operated cafe in Chile, where some workers are seeking pay and benefit increases, union and company representatives told Reuters on Friday. |
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Analysis: Hacking scandal turns up heat on News Corp board
Fri,15 Jul 2011 05:13 PM PDT
Reuters - NEW YORK (Reuters) - The resignations of two of Rupert Murdoch's top lieutenants are not expected to solve the corporate governance problems at his beleaguered media empire, which is widely criticized for having an over-cozy board. Full Story |
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AFTRA ratifies 3-1/2 year videogame contract
Fri,15 Jul 2011 03:06 PM PDT
Reuters - LOS ANGELES (TheWrap) - Videogame performers will be paid a streaming fee for their work under the terms of a contract the American Federation of Television and Radio Artists has approved, the union announced Friday. Full Story | |
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