ST ANDREWS, Scotland, Nov. 7, 2009 (Reuters) — Treasury Secretary Timothy Geithner on Saturday stressed the necessity of keeping global economic stimulus in place until recovery is assured and opposed the utility of a tax on financial transactions as a way to dampen risky bank behavior. ... > full story
CHICAGO, Nov. 7, 2009 (Reuters) — Wall Street firms are in a quandary about getting involved with a planned public offering of Russian aluminum producer UC RUSAL because its founder has been barred from getting a U.S. visa on account of allegations that he is connected to organized crime, the Wall Street Journal reported on Saturday. ... > full story
ST ANDREWS, Scotland, Nov. 7, 2009 (Reuters) — Britain urged world governments on Saturday to consider a levy on banks to fund future bailouts, departing from long-held opposition, though there was little sign of the consensus needed to make it fly. ... > full story
DOHA, Nov. 7, 2009 (Reuters) — Corruption costs developing nations $20 to $40 billion each year, while emerging markets and financial centers are increasingly havens for stolen assets, a top World Bank official said Saturday. ... > full story
WASHINGTON, Nov. 7, 2009 (Reuters) — Bank regulators closed Gateway Bank of St. Louis, in St. Louis, Missouri, and Prosperan Bank, of Oakdale, Minnesota, on Friday, the 118th and 119th U.S. bank to fail this year. ... > full story
NEW YORK, Nov. 6, 2009 (Reuters) — Freddie Mac , the second largest provider of U.S. residential mortgage funding, on Friday posted a loss of $5 billion in the third quarter and predicted it would need more government support amid a "prolonged deterioration" in housing. ... > full story
NEW YORK, Nov. 6, 2009 (Reuters) — As unemployment in the United States edges above 10 percent, anxious investors will look to earnings reports from major retailers for signs of life in the beaten-up consumer. ... > full story
NEW YORK, Nov. 6, 2009 (Reuters) — Warren Buffett's Berkshire Hathaway Inc on Friday said quarterly earnings tripled, as rising stock markets boosted its investment holdings and a quiet hurricane season contributed to higher insurance profit. ... > full story
WASHINGTON, Nov. 6, 2009 (Reuters) — Bank regulators closed Home Federal Savings Bank, of Detroit, on Friday, the 117th U.S. bank to fail this year as deteriorating loans continue to take their toll on financial institutions. ... > full story
NEW YORK, Nov. 6, 2009 (Reuters) — Computer maker Sun Microsystems Inc suffered a 25 percent fall in quarterly revenue, as uncertainty over its delayed sale to Oracle Corp hurt its business. ... > full story
Copyright Reuters 2008. See Restrictions for more details.
Subscribe
Print
Email
Bookmark
