 NEW YORK (Reuters) - American businesses, from Wall Streetbanks to major industrial corporations, are preparing contingency plans for a pair of once-unthinkable events: the United States defaulting on its debt and the loss of the nation's top AAA credit rating. |
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Lehman trustee appeals $1.1 billion win for Barclays
Fri,22 Jul 2011 03:51 PM PDT
Reuters - NEW YORK (Reuters) - The bankruptcy trustee for Lehman Brothers Holdings Inc's brokerage arm is appealing a February decision awarding Barclays PLC about $1.1 billion associated with Barclays' purchase of Lehman's North American unit at the height of the financial crisis. Full Story |
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 NEW YORK (Reuters) - New York City may be frying in near record temperatures but Wall Street has been feeling the heat for months. Wrangling over the debt ceiling and questions marks over corporate earnings mean markets are unlikely to get a break any time soon. |
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 TORONTO (Reuters) - Toronto's main stock index closed at its highest level in nearly seven weeks on Friday, as mining and energy company shares rallied on stronger commodity prices. |
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 TORONTO (Reuters) - Canada's dollar finished lower against the greenback on Friday after Canadian inflation data for June came in surprisingly tamely, trimming expectations that interest rates will rise later this year. |
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Schwab shops modestly but sees E*Trade's potential
Fri,22 Jul 2011 02:22 PM PDT
Reuters - TORONTO (Reuters) - Charles Schwab Corp is limiting itself to looking at modest acquisitions at the moment but does see the consolidation opportunity that would arise if discount broker E*Trade were to put itself up for sale, Chief Executive Walt Bettinger said on Friday. Full Story |
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 NEW YORK (Reuters) - Investors poured into tech shares on Friday as promising chipmaker earnings and optimism that a solution was on the horizon for the U.S. debt stalemate triggered a move into growth-oriented shares. |
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 DETROIT (Reuters) - Each month, a dozen executives of General Motors Co gather on the 39th floor of their Detroit headquarters to survey the auto industry, the U.S. economy and how they will meet demand from customers. |
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 NEW YORK (Reuters) - Heavy machinery maker Caterpillar Inc disappointed Wall Street with a second-quarter earnings miss on Friday, hurt by higher costs, and its shares fell nearly 6 percent, dragging down the U.S. stock market. |
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 LONDON (Reuters) - As it sells off its flagship aircraft carriers over a government website, Britain is finding enthusiastic interest from an unexpected group -- Chinese businessmen potentially keen enough to outbid any other rivals. |
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 WASHINGTON (Reuters) - Jobless rates jumped in June from the month before in more than half of the U.S. states as sinking public employment reversed the trend of steadily improving labor conditions in the first half of 2011, Labor Department data released on Friday showed. |
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 NEW YORK (Reuters) - Goldman Sachs Group Inc said a recent landmark decision throwing out a class-action lawsuit against Wal-Mart means it should not face a wide-ranging case accusing it of systematic bias against women. |
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 BERLIN (Reuters) - Greece's sovereign debt crisis will prove unique in the euro zone and will not spread to other countries, European Central Bank President Jean-Claude Trichet said in a newspaper interview on Friday. |
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