Reuters Feed
Wall St. drops with commodities
NEW YORK (Reuters) - Stocks fell on Friday, following the Dow's eight consecutive days of gains as a rising dollar hurt oil prices and weighed on energy stocks.
Icahn offers to buy Lions Gate as MGM bid looms
LOS ANGELES/NEW YORK (Reuters) - Billionaire investor Carl Icahn launched an offer on Friday to buy Lions Gate Entertainment Corp , a move that would hamper the studio's expected bid for storied rival Metro-Goldwyn-Mayer Inc .
Banks' fourth quarter trading revenue falls 66 percent
NEW YORK (Reuters) - Trading revenue at U.S. commercial banks fell 66 percent in the fourth quarter, the Office of the Comptroller of the Currency said on Friday, as uncertainty over pending derivatives legislation added to a seasonal slowdown in trading.
Boeing speeds production boosts on market outlook
CHICAGO (Reuters) - Boeing Co said on Friday it will accelerate planned increases in production of two of its popular wide-body planes to accommodate heightened demand from airlines that had curbed orders in the last two years because of the economic crisis.
Senate to remove "backdoor bailouts" from bill
ORLANDO, Florida (Reuters) - The U.S. Senate Banking Committee will remove a provision from the financial reform bill that bank regulator Sheila Bair said could allow for "backdoor bailouts," a panel spokeswoman said on Friday.
Wal-Mart seen increasing grocery promotions
SAN FRANCISCO (Reuters) - Wal-Mart Stores Inc will "dramatically" increase its promotions over the next six weeks, a Morgan Stanley analyst said on Friday, calling it a major setback for U.S. grocers.
House GOP calls for Fannie, Freddie phase out
WASHINGTON (Reuters) - Republicans in the House of Representatives on Friday recommended the country's two mortgage finance giants be phased out in four years in an effort to restore stability to the housing market.
Court orders Fed to release bailout documents
NEW YORK (Reuters) - In a significant victory for news media, a federal appeals court said the Federal Reserve must disclose records on emergency lending programs to banks bailed out by the government in the financial crisis.
EU seeks firm Greek aid plan
BRUSSELS/ATHENS (Reuters) - The European Union's monetary affairs chief urged the bloc's leaders on Friday to agree a standby aid package for Greece next week but France and Germany struck different notes and the euro slid.
British Airways crews to strike, angering PM
LONDON (Reuters) - A three-day strike by many of British Airways' cabin crews will go ahead after union talks with management collapsed, leaving the ruling Labour government with a major headache weeks before a general election.
NEW YORK (Reuters) - Stocks fell on Friday, following the Dow's eight consecutive days of gains as a rising dollar hurt oil prices and weighed on energy stocks.
Icahn offers to buy Lions Gate as MGM bid looms
LOS ANGELES/NEW YORK (Reuters) - Billionaire investor Carl Icahn launched an offer on Friday to buy Lions Gate Entertainment Corp , a move that would hamper the studio's expected bid for storied rival Metro-Goldwyn-Mayer Inc .
Banks' fourth quarter trading revenue falls 66 percent
NEW YORK (Reuters) - Trading revenue at U.S. commercial banks fell 66 percent in the fourth quarter, the Office of the Comptroller of the Currency said on Friday, as uncertainty over pending derivatives legislation added to a seasonal slowdown in trading.
Boeing speeds production boosts on market outlook
CHICAGO (Reuters) - Boeing Co said on Friday it will accelerate planned increases in production of two of its popular wide-body planes to accommodate heightened demand from airlines that had curbed orders in the last two years because of the economic crisis.
Senate to remove "backdoor bailouts" from bill
ORLANDO, Florida (Reuters) - The U.S. Senate Banking Committee will remove a provision from the financial reform bill that bank regulator Sheila Bair said could allow for "backdoor bailouts," a panel spokeswoman said on Friday.
Wal-Mart seen increasing grocery promotions
SAN FRANCISCO (Reuters) - Wal-Mart Stores Inc will "dramatically" increase its promotions over the next six weeks, a Morgan Stanley analyst said on Friday, calling it a major setback for U.S. grocers.
House GOP calls for Fannie, Freddie phase out
WASHINGTON (Reuters) - Republicans in the House of Representatives on Friday recommended the country's two mortgage finance giants be phased out in four years in an effort to restore stability to the housing market.
Court orders Fed to release bailout documents
NEW YORK (Reuters) - In a significant victory for news media, a federal appeals court said the Federal Reserve must disclose records on emergency lending programs to banks bailed out by the government in the financial crisis.
EU seeks firm Greek aid plan
BRUSSELS/ATHENS (Reuters) - The European Union's monetary affairs chief urged the bloc's leaders on Friday to agree a standby aid package for Greece next week but France and Germany struck different notes and the euro slid.
British Airways crews to strike, angering PM
LONDON (Reuters) - A three-day strike by many of British Airways' cabin crews will go ahead after union talks with management collapsed, leaving the ruling Labour government with a major headache weeks before a general election.