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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: 14 hours 14 min ago
Foreclosures drop for 2nd month in February: RealtyTrac
NEW YORK (Reuters) - U.S. mortgage foreclosure filings dropped for a second straight month in February, and notched the smallest annual increase in four years as housing-rescue efforts contained activity, a report released on Thursday showed.
Categories: NEWS: Business and Financial
Stock futures slip ahead of jobless data
NEW YORK (Reuters) - U.S. stock index futures were slightly lower on Thursday ahead of data on weekly jobless claims and international trade.
Categories: NEWS: Business and Financial
Toyota hands over 2006 dissident memo to U.S. panel
TOKYO (Reuters) - Toyota Motor said on Thursday it has handed over to a U.S. congressional committee a letter sent to its management by a splinter union in 2006 seeking reforms to improve safety after a recall crisis at the time.
Categories: NEWS: Business and Financial
HSBC says Swiss data theft affects 24,000 accounts
LONDON/GENEVA (Reuters) - HSBC , Europe's biggest bank, said a theft of data by a former employee affected up to 24,000 Swiss client accounts, dealing a hefty blow to the reputation of its private bank.
Categories: NEWS: Business and Financial
BP to pay Devon $7 billion for oil fields
LONDON (Reuters) - London-based oil major BP has agreed to buy Brazilian, Azeri and Gulf of Mexico assets from Devon Energy for $7 billion, as the U.S. producer refocuses on onshore U.S. fields.
Categories: NEWS: Business and Financial
Airlines recovering strongly, still in red: IATA
GENEVA (Reuters) - Airlines are recovering strongly from the crisis, as passengers, freight and pricing power return, the airline industry association IATA said on Thursday, halving its forecast for a 2010 loss.
Categories: NEWS: Business and Financial
U.S. warns EU of rift over fund regulation: report
BRUSSELS (Reuters) - U.S. Treasury Secretary Tim Geithner has written to the European Commission warning that plans to regulate hedge funds and private equity firms could cause tensions with Washington, the Financial Times reported.
Categories: NEWS: Business and Financial
EADS sees no financial hit from U.S. tanker loss
PARIS (Reuters) - The apparent loss this week of a U.S. in-flight refueling tanker contract worth up to $50 billion will not affect EADS's finances, the European aerospace group's chief executive said on Thursday.
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Senate passes $149 billion for jobless aid
WASHINGTON (Reuters) - The Senate on Wednesday passed a $149 billion package of jobless aid and tax breaks, as Democrats continued efforts to lower the 9.7 percent unemployment rate before congressional elections in November.
Categories: NEWS: Business and Financial
Geithner urges reform on housing finance market
WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner said on Wednesday that "fundamental reform" of the government's role in the housing finance market is needed and it will be next year before proposals are ready for Congress.
Categories: NEWS: Business and Financial
Banks, tech lead Wall Street higher
NEW YORK (Reuters) - Bank and technology shares lifted Wall Street on Wednesday on hopes the sectors may be poised for a recovery as the U.S. economy improves.
Categories: NEWS: Business and Financial
GM CEO says on track for pre-June loan repayment
SAN ANTONIO (Reuters) - General Motors Co will pay back roughly $8 billion in debt to the United States and Canada before June, its chief executive said on Wednesday, more quickly than the automaker had promised.
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U.S. posts record $220.9 billion budget gap in Feb
WASHINGTON (Reuters) - The United States posted a record $220.91 billion budget deficit in February, Treasury Department data showed on Wednesday.
Categories: NEWS: Business and Financial
BofA overdraft fee change gives up revenue: CEO
CHARLOTTE, North Carolina (Reuters) - Bank of America Corp Chief Executive Brian Moynihan said on Wednesday the company's latest decision to eliminate overdraft fees on debit card transactions will "give up a lot of revenue," for the largest U.S. bank by assets.
Categories: NEWS: Business and Financial
A decade later, lessons in the Nasdaq collapse
SAN FRANCISCO (Reuters) - Ten years ago today, before the dot-com bubble burst, the Nasdaq composite index hit a record 5,132.52 points -- a peak that the technology-heavy market shows no sign of scaling again any time soon.
Categories: NEWS: Business and Financial
Former NY pension fund exec pleads guilty
NEW YORK (Reuters) - The former chief investment officer for New York State's comptroller on Wednesday pleaded guilty to helping favored firms gain access to the state's $129 billion pension fund.
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Wholesale inventories fall, restocking expected
WASHINGTON (Reuters) - U.S. wholesale inventories fell unexpectedly in January and sales hit their highest in more than a year, suggesting businesses will soon need to begin restocking, which would support economic growth.
Categories: NEWS: Business and Financial
Wider "Volcker rule" bill unveiled in Senate
WASHINGTON (Reuters) - Legislation that would write into law and widen the proposed "Volcker rule" to limit proprietary trading was unveiled in the U.S. Senate on Wednesday with the support of five Democratic senators.
Categories: NEWS: Business and Financial
Lawsuits, poker and the death of a boutique bank
NEW YORK (Reuters) - In September 2008, as Lehman Brothers was breaking into a million pieces, a young investment bank was pushing up through the rubble.
Categories: NEWS: Business and Financial
Greece wants speculative curbs, U.S. has own plan
WASHINGTON (Reuters) - Top Greek officials pressed their case on Tuesday for curbs on speculative trading they blame for pushing the country into crisis, but the Obama administration reacted coolly, saying it was working on its own plans to make trading more transparent.
Categories: NEWS: Business and Financial