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Reuters: Financial
Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals.
Updated: 1 hour 45 min ago
Goldman employees still enamored with firm and CEO
NEW YORK (Reuters) - Goldman Sachs Group Inc is the bank many Americans love to hate, but one group just plain loves it: its employees.
Categories: NEWS: Business and Financial
Merck pares 2010 forecast, despite beat in quarter
NEW YORK (Reuters) - Merck and Co issued a more cautious 2010 profit outlook on Friday and reported disappointing second-quarter sales of its vaccines and Singulair asthma drug, sending its shares down 2 percent.
Categories: NEWS: Business and Financial
Imports slow second-quarter growth
WASHINGTON (Reuters) - Economic growth slowed in the second quarter as companies invested heavily in equipment from abroad and the pace of consumer spending eased, raising concerns about the recovery in the rest of 2010.
Categories: NEWS: Business and Financial
Cuomo widens insurer probe with 6 more subpoenas
NEW YORK (Reuters) - New York Attorney General Andrew Cuomo has subpoenaed six additional insurers as the state widens a probe into possible fraud in the life insurance industry.
Categories: NEWS: Business and Financial
Chevron earnings triple
NEW YORK/SAN FRANCISCO (Reuters) - Chevron Corp, the second-largest U.S. oil company, posted three-fold profit growth that beat estimates as refinery margins improved, and raised its 2010 oil and gas production growth target to 3 percent.
Categories: NEWS: Business and Financial
Disney to sell Miramax for more than $660 million
LOS ANGELES/NEW YORK (Reuters) - Walt Disney Co has struck a deal to sell Miramax, the studio behind such films as "Trainspotting" and "No Country for Old Men," for more than $660 million to a group that includes construction magnate Ron Tutor and investment firm Colony Capital LLC.
Categories: NEWS: Business and Financial
Chrysler to keep Michigan plant open, add jobs
DETROIT (Reuters) - Chrysler Group LLC will add a second shift to the Sterling Heights Assembly Plant near Detroit in early 2011 and keep that plant open beyond 2012, when it had been planned to shut, the company said on Friday.
Categories: NEWS: Business and Financial
Wall Street pares losses, recovery stays anemic
NEW YORK (Reuters) - Stocks eased slightly on Friday, but for the second day in a row major indexes bounced off session lows, this time on a positive report on Midwest manufacturing activity.
Categories: NEWS: Business and Financial
Aon quarterly profit rides high on acquisitions
BANGALORE (Reuters) - Aon Corp , the world's largest insurance brokerage, reported a market-beating quarterly profit, driven by recent acquisitions that offset a drop in commissions.
Categories: NEWS: Business and Financial
Facebook may postpone IPO to 2012: report
(Reuters) - Social networking website Facebook Inc may postpone its initial public offering until 2012, Bloomberg said, citing three people familiar with the matter.
Categories: NEWS: Business and Financial
Fannie Mae portfolio grows, delinquencies decline
NEW YORK (Reuters) - Fannie Mae expanded its mortgage portfolio in June, while the rate of late payments on loans it guarantees fell in May to the lowest level this year, the largest U.S. home loan purchaser said on Friday.
Categories: NEWS: Business and Financial
Fannie Mae portfolio grows, delinquencies decline
NEW YORK (Reuters) - Fannie Mae expanded its mortgage portfolio in June, while the rate of late payments on loans it guarantees fell in May to the lowest level this year, the largest U.S. home loan purchaser said on Friday.
Categories: NEWS: Business and Financial
Merck pares 2010 forecast, despite beat in quarter
NEW YORK (Reuters) - Merck and Co issued a more cautious 2010 profit outlook on Friday and reported disappointing second-quarter sales of its vaccines and Singulair asthma drug, sending its shares down more than 3 percent.
Categories: NEWS: Business and Financial
Chevron earnings triple
NEW YORK/SAN FRANCISCO (Reuters) - Chevron Corp, the second-largest U.S. oil company, reported a three-fold jump in quarterly profit, beating expectations as refinery margins fattened.
Categories: NEWS: Business and Financial
Wall Street trims losses after consumer data
NEW YORK (Reuters) - Stocks regained some ground on Friday after consumer sentiment data fell in July to its lowest level in 9 months, though the reading showed a slight improvement from the beginning of the month.
Categories: NEWS: Business and Financial
Consumer sentiment sags to lowest since November
NEW YORK (Reuters) - Consumer sentiment plunged in July to its lowest level in 9 months on bleak prospects for jobs and income a year since the economic recovery began, a private survey released on Friday showed.
Categories: NEWS: Business and Financial
China overtakes Japan as No.2 economy: FX chief
BEIJING (Reuters) - China has overtaken Japan to become the world's second-largest economy, the fruit of three decades of rapid growth that has lifted hundreds of millions of people out of poverty.
Categories: NEWS: Business and Financial
China overtakes Japan as No.2 economy: FX chief
BEIJING (Reuters) - China has overtaken Japan to become the world's second-largest economy, the fruit of three decades of rapid growth that has lifted hundreds of millions of people out of poverty.
Categories: NEWS: Business and Financial
Imports slow second-quarter growth
WASHINGTON (Reuters) - Economic growth slowed in the second quarter as a capital investment drive by businesses sucked in imports at the fastest pace since the first quarter of 1984.
Categories: NEWS: Business and Financial
Aon profit tops Wall Street view
(Reuters) - Aon Corp , the world's largest insurance brokerage, reported a larger-than-expected quarterly profit as contributions from recent acquisitions helped offset a decline in commissions.
Categories: NEWS: Business and Financial
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