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Business News Archive
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Exclusive: Soros’ son strikes out on his own
Posted on March 30, 2012 | No CommentsBy Jennifer Ablan and Matthew Goldstein | Reuters – 29 mins ago NEW YORK (Reuters) - The upheaval within billionaire investor George Soros' firm continues as one of his sons is separating some of his personal fortune to manage it himself.... -
Wall St Week Ahead: After stocks’ first-quarter run, focus turns to data
Posted on March 30, 2012 | No CommentsBy Chuck Mikolajczak | Reuters – 26 mins ago NEW YORK (Reuters) - After the best first quarter in 14 years, the S&P 500 may be poised for a pullback as investors look to a slew of economic data for insight on the strength of the domes... -
Exclusive: Soros’ son strikes out on his own
Posted on March 30, 2012 | No CommentsBy Jennifer Ablan and Matthew Goldstein | Reuters – 31 mins ago NEW YORK (Reuters) - The tumult within billionaire investor George Soros' firm continues as one of his sons is separating some of his personal fortune to manage it himself. J... -
Analysis: Moody’s bank review may mark new era of lower ratings
Posted on March 30, 2012 | No CommentsBy Karen Brettell and Lauren Tara LaCapra | Reuters – 28 mins ago NEW YORK (Reuters) - The largest U.S. banks including Morgan Stanley, Bank of America and Citigroup are facing what could be a historic shift to lower credit ratings which ... -
Exclusive: Brazil prosecutor plans wider offshore oil probe
Posted on March 30, 2012 | No CommentsBy Sabrina Lorenzi | Reuters – 23 mins ago RIO DE JANEIRO (Reuters) - A Brazilian federal prosecutor plans to expand his investigation of a November offshore oil spill in a field run by Chevron to areas operated by other companies in the ... -
Wall Street closes stellar quarter on up note
Posted on March 30, 2012 | No CommentsBy Angela Moon | Reuters – 43 mins ago NEW YORK (Reuters) - The Dow managed a slim gain on Thursday while the S&P 500 and the Nasdaq shook off most of their earlier losses to end slightly lower, as investors took advantage of a sellof... -
BP: U.S. hiding evidence on size of Gulf oil spill
Posted on March 30, 2012 | No CommentsBy Jonathan Stempel | Reuters – 36 mins ago (Reuters) - BP Plc has accused the U.S. government of withholding evidence that may show the 2010 Gulf of Mexico oil spill was smaller than federal officials claimed, a key issue in determining ... -
Alaska, oil companies in pipeline settlement: WSJ
Posted on March 30, 2012 | No CommentsReuters – 12 mins ago (Reuters) - Oil companies Exxon Mobil Corp , BP Plc and Conoco Phillips have reached a settlement with the state of Alaska that will allow the companies to build a pipeline from a North Slope natural gas field, the W... -
Sino-Forest seeks approval to sell or restructure
Posted on March 30, 2012 | No CommentsReuters – 14 mins ago (Reuters) - Embattled Chinese forestry company Sino-Forest Corp said on Friday it would seek creditor protection after reaching an agreement with its noteholders. The company said it would ask the Ontario Superior Co... -
Consumer spending jumps, GDP prospects brighten
Posted on March 30, 2012 | No CommentsBy Lucia Mutikani | Reuters – 11 mins ago WASHINGTON (Reuters) - Consumer spending increased by the most in seven months in February as households shook off a rise in gasoline prices, suggesting the economy may not have slowed as much thi... -
RIM posts loss as new CEO begins to clean house
Posted on March 30, 2012 | No CommentsBy Alastair Sharp | Reuters – 15 mins ago Article: INSTANT VIEW-RIM posts loss as BlackBerry slips further 3 hrs ago Article: BlackBerry maker trims senior staff: report 3 hrs ago TORONTO (Reuters) - Research In Motion posted a net... -
Consumer sentiment highest in over a year
Posted on March 30, 2012 | No CommentsReuters – 32 mins ago NEW YORK (Reuters) - Consumer confidence rebounded to its highest level in more than a year in March as optimism about jobs and income overcame higher prices at the gasoline pump, said a survey released on Friday. Th... -
Apple, Foxconn set new standard for Chinese workers
Posted on March 30, 2012 | No CommentsSAN FRANCISCO (Reuters) - Apple Inc and its China manufacturing partner, Foxconn, agreed to improve wages and working conditions at factories accused of being sweatshops, a move that could set a new higher-cost benchmark for other Western users of Chi... -
Euro zone agrees temporary boost to rescue capacity
Posted on March 30, 2012 | No CommentsBy Paul Carrel and Francesca Landini | Reuters – 10 mins ago Article: Euro zone raises bailout capacity to 700 billion euros 7 mins ago Article: Euro zone inflation slows less than expected 6 mins ago COPENHAGEN (Reuters) - Euro zon... -
Greek PM does not rule out new bailout package
Posted on March 30, 2012 | No CommentsReuters – 48 mins ago MILAN (Reuters) - Greece's Prime Minister Lucas Papademos said on Friday the country was making every effort to avoid a third bailout package but said he could not rule out the need for one. "Some form of financial a...
