Reuters Feed
Energy to lead Wall Street higher, semis eyed
NEW YORK (Reuters) - Stocks were set to rise at the open on Friday after posting gains in six of the last seven sessions, buoyed by a jump in crude oil prices.
Nokia brings in Microsoft exec to replace CEO
HELSINKI/LONDON (Reuters) - Nokia has hired Stephen Elop, a Canadian Microsoft executive of Silicon Valley pedigree, to replace its embattled chief executive and renew its drive to compete with Apple.
SEC probing certain investment advisory firms: report
BANGALORE (Reuters) - The securities regulator is investigating investment advisory firms that channel investors' money into hedge funds, the Wall Street Journal reported.
D.Bank set to lead likely Basel cash call charge
FRANKFURT/LONDON (Reuters) - Deutsche Bank is set to lead rivals raising billions of euros as new global capital rules to be unveiled this weekend bite, and showed it may be good to get the jump on the pack.
Dubai World reaches $24.9 billion debt deal
DUBAI (Reuters) - State-owned conglomerate Dubai World on Friday reached a formal deal to restructure around $24.9 billion of liabilities, partly easing recently heightened concerns over the Gulf emirate's debt woes.
Chipmakers' outlooks stoke economy concerns
SAN FRANCISCO/NEW YORK (Reuters) - Chip makers National Semiconductor and Texas Instruments Inc on Thursday issued quarterly financial targets that stoked investors' worries about a sluggish economy.
China's imports leap, cutting trade surplus
BEIJING (Reuters) - China's imports leapt in August, boding well for a strengthening of domestic demand in an economy that has become a major driver of global growth.
BP delays Q3 results due oil spill complexities
LONDON (Reuters) - BP Plc said it would delay the release of its third quarter results by a week because of added complexities in its accounts due to costs associated with the Gulf of Mexico oil spill.
Casey's in buyout talks with 7-Eleven
NEW YORK (Reuters) - Casey's General Stores Inc confirmed it was in buyout talks with convenience store operator 7-Eleven, which offered the company $40 per share in cash earlier this month.
Oil rises to over $75 on U.S. supply outage
LONDON (Reuters) - U.S. crude rose more than $1 to over $75 on Friday due to the shutdown of a major pipeline, but a leading forecaster said demand would remain tepid.
NEW YORK (Reuters) - Stocks were set to rise at the open on Friday after posting gains in six of the last seven sessions, buoyed by a jump in crude oil prices.
Nokia brings in Microsoft exec to replace CEO
HELSINKI/LONDON (Reuters) - Nokia has hired Stephen Elop, a Canadian Microsoft executive of Silicon Valley pedigree, to replace its embattled chief executive and renew its drive to compete with Apple.
SEC probing certain investment advisory firms: report
BANGALORE (Reuters) - The securities regulator is investigating investment advisory firms that channel investors' money into hedge funds, the Wall Street Journal reported.
D.Bank set to lead likely Basel cash call charge
FRANKFURT/LONDON (Reuters) - Deutsche Bank is set to lead rivals raising billions of euros as new global capital rules to be unveiled this weekend bite, and showed it may be good to get the jump on the pack.
Dubai World reaches $24.9 billion debt deal
DUBAI (Reuters) - State-owned conglomerate Dubai World on Friday reached a formal deal to restructure around $24.9 billion of liabilities, partly easing recently heightened concerns over the Gulf emirate's debt woes.
Chipmakers' outlooks stoke economy concerns
SAN FRANCISCO/NEW YORK (Reuters) - Chip makers National Semiconductor and Texas Instruments Inc on Thursday issued quarterly financial targets that stoked investors' worries about a sluggish economy.
China's imports leap, cutting trade surplus
BEIJING (Reuters) - China's imports leapt in August, boding well for a strengthening of domestic demand in an economy that has become a major driver of global growth.
BP delays Q3 results due oil spill complexities
LONDON (Reuters) - BP Plc said it would delay the release of its third quarter results by a week because of added complexities in its accounts due to costs associated with the Gulf of Mexico oil spill.
Casey's in buyout talks with 7-Eleven
NEW YORK (Reuters) - Casey's General Stores Inc confirmed it was in buyout talks with convenience store operator 7-Eleven, which offered the company $40 per share in cash earlier this month.
Oil rises to over $75 on U.S. supply outage
LONDON (Reuters) - U.S. crude rose more than $1 to over $75 on Friday due to the shutdown of a major pipeline, but a leading forecaster said demand would remain tepid.