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Stocks, Commods Gain Ground, Payrolls Eyed
By Simon FalushLONDON (Reuters) - Global stocks and commodities gained on Friday, buoyed by firm U.S. data the previous session, lifting risk appetite ahead of hotly anticipated jobs data which will give more evidence on the state of the global economy.Investors were reluctant to take big positions ahead of U.S....
Tags: Stock, Payroll, Equity, Payroll Solutions, Operational Accounting, Investment, Payrolls Data, US
News items 2009-11-06
RBS's Q3 Loss Halves But More Bad Debts to Come
LONDON (Reuters) - Royal Bank of Scotland RBS more than halved its operating losses to 1.5 billion pounds ($2.5 billion) in the third quarter as impairments fell, but less favorable trading battered investment banking profits.Part-nationalized RBS said impairment losses totaled 3.3 billion pounds, down 30 percent from 4.7 billion in...
Tags: Bank, Quarter, Investment Banking, RBS, Financial Services, Finance, Part-nationalized RBS, Us
News items 2009-11-06
IMF Warns G20 Off Cutting Economic Support Too Fast
By Sumeet Desai and Jan StrupczewskiST ANDREWS, Scotland (Reuters) - The International Monetary Fund warned global financial leaders on Friday not to repeat the mistakes of the Great Depression and choke off emergency support for their economies too quickly.In a document prepared for a meeting of Group of 20 finance...
Tags: IMF, Scotland, Recovery, Financial Accounting, Personal Finance, Finance, G20, Us
News items 2009-11-06
U.S. Jobless Rate Surges to 10.2 Percent
By Lucia MutikaniWASHINGTON (Reuters) - The U.S. jobless rate unexpectedly jumped to 10.2 percent last month, a 26-1/2-year high, adding to pressure on the Obama administration to do more to tackle unemployment even as signs of recovery mount.The Labor Department said on Friday that employers cut 190,000 jobs in October,...
Tags: Job, Interest Rate, Economist, Recruitment & Selection, Human Resources, Workforce Management, Payroll, Us
News items 2009-11-06
SEC Sees Evolution in Insider Trading
By Jonathan Stempel and Rachelle YounglaiNEW YORK (Reuters) - A top U.S. securities regulator said some funds may now view insider trading as a central tenet of their business models, rather than as a one-time opportunity for big rewards as sometimes happened in the 1980s.Robert Khuzami, head of enforcement at...
Tags: Hedge Fund, SEC, Investment, Financial Services, Finance, Galleon, Us
News items 2009-11-06
Harvard Biz Grads Send Neutral Signal on Stocks
NEW YORK (Reuters) - Harvard Business School is sending 28 percent of its 2009 graduating class onto careers in finance, a mildly bullish sign for the economy, said Ray Soifer, an independent bank consultant.But that percentage is down from 2008, when about 40 percent pursued careers in finance, according to...
Tags: Harvard Business School, Stock, Professional Development, Investment, Career, Finance, Us
News items 2009-11-06
U.S. Closes Home Federal Savings in Detroit
WASHINGTON (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.The Federal Deposit Insurance Corp said Home Federal Savings Bank had $14.9 million in assets and $12.8 million...
Tags: FDIC, Detroit, Financial Services, Finance, Deposit, Homefederal, Us
News items 2009-11-06
Stocks Eye Retailers as Jobless Ranks Swell
By Edward KrudyNEW YORK (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.Comments from Wal-Mart Stores Inc WMT, the world's largest retailer, as well as from a host of...
Tags: Wal-Mart Stores Inc., Recovery, Federal Reserve Board, Stock, Retail Company, Auction, Consumer Sentiment, J.C. Penney Co. Inc., Kohl's Corp., US, xxMacys Inc.xx
News items 2009-11-06
Wall Street Firms Skittish About RUSAL IPO: Report
CHICAGO (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...
Tags: Goldman Sachs Group Inc., Wall Street Journal, Wall Street, IPO, Financial Planning, Bank of America Corp., Morgan Stanley, US
News items 2009-11-07
U.S., EU Pledge to Reduce Regulatory Trade Barriers
By Doug PalmerWASHINGTON (Reuters UK) - The United States and European Union pledged on Tuesday to work to reduce regulatory barriers that impede trade across the Atlantic, but said a free-trade pact was not in the cards right now."The goal ... is to build on the already very deep and...
Tags: Barrier, European Union, Oukbs, Trade, US
News items 2009-10-27
Pay Czar Says Authority Should Not Be Expanded
WASHINGTON (Reuters) - The Obama administration's executive pay czar said his authority should not be expanded beyond setting compensation guidelines for seven banks and automakers that have received extraordinary taxpayer bailouts.Kenneth Feinberg, the U.S. Treasury bailout program's special master for compensation, told lawmakers in prepared testimony scheduled for delivery on...
Tags: Compensation, Authority, Benefits, Human Resources, Payczar, Us
News items 2009-10-27
Dem Bill Urges New U.S. Powers Over Financial Firms
By Kevin Drawbaugh and Rachelle YounglaiWASHINGTON (Reuters) - The U.S. government would gain far-reaching new powers to regulate, and even shut down, large financial firms that threaten economic stability under a draft bill released in Congress on Tuesday.Congressional Democrats and the Obama administration agreed on the legislation, which seeks to...
Tags: Financial, Financial Accounting, Finance, Draft, Us
News items 2009-10-27
Dem Bill Urges New Powers Over Financial Firms
By Kevin Drawbaugh and Rachelle YounglaiWASHINGTON (Reuters) - The U.S. government would gain far-reaching new powers to regulate, and even shut down, large financial firms that threaten economic stability under a draft bill released in Congress on Tuesday.Congressional Democrats and the Obama administration agreed on the legislation, which seeks to...
Tags: Financial, Financial Accounting, Finance, Draft, Us
News items 2009-10-27
Obama Financial Reforms Advance in Congress
By Kevin DrawbaughWASHINGTON (Reuters) - The Obama administration made gains on Tuesday in its push for U.S. financial reform, unveiling a landmark bill to tackle systemic risk in the economy and winning congressional committee approval for a measure to expose hedge funds to more government scrutiny.The systemic risk bill would...
Tags: Bill, Financial, U.S. Congress, Financial Accounting, Finance, CFTC, Us
News items 2009-10-28
Treasury Talks to GMAC About More Cash
By Glenn SomervilleWASHINGTON (Reuters) - The Treasury Department is in talks with GMAC Financial Services Inc about a possible third cash infusion to the company, an Obama administration official confirmed on Tuesday night.The official declined to say how much additional money was under discussion for GMAC, which already has received...
Tags: Bank, Stress Test, General Motors Corp., Financial Services, GMAC Financial Services Inc., Government, Us
News items 2009-10-28
U.S. Consumer Confidence Up
By Susan FentonHONG KONG (Reuters UK) - Global consumer confidence is rebounding, and in the United States has risen for the first time since 2007, amid signs the world economy is picking up although spending is still restrained, a survey showed on Wednesday.Confidence was highest in India, followed by Indonesia...
Tags: Survey, Point, Marketing Research, Marketing, Consumer Confidence, Oukbs, US
News items 2009-10-27
Financial Regulation Fight is a "just War": Geithner
By Al Yoon and Walden SiewNEW YORK (Reuters) - Treasury Secretary Timothy Geithner on Tuesday told a packed room of Wall Street dealers and bankers they could not look America in the eye and argue that financial regulation is fine as it is.Geithner said the financial system was tragically fragile...
Tags: Financial Regulation, Financial, Timothy Geithner, Financial Accounting, Government, Finance, Us
News items 2009-10-27
FTSE Gains Driven By Oil Stocks
By Jon HopkinsLONDON (Reuters UK) - The country's leading share index gained 0.2 percent on Tuesday lifted by a rally from heavyweight energy issues led by BP after its forecast-beating third-quarter results, which offset weakness in banks and mining stocks.At the close, the FTSE 100 was 9.23 points higher...
Tags: BP Plc, FTSE 100, Stock, FTSE, AstraZeneca Plc., BMB Munai Inc., Cairn Energy Plc., Fresh America Corp., GlaxoSmithKline Plc., Royal Dutch Shell Plc., Standard Parking Corp., US
News items 2009-10-27
Carl Icahn Entices Small Bondholders to Reject CIT Plan
NEW YORK (Reuters) - Billionaire investor Carl Icahn said on Tuesday he will offer to smaller holders of CIT Group's CIT debt short-term protection against the value of the debt declining, if investors back his alternative restructuring of the beleaguered lender.New York-based CIT is trying to restructure its debt by...
Tags: Restructuring, CIT Group, Carl Icahn, Investment, Finance, Us
News items 2009-10-27
Consumer Confidence to Falls to 47.7 in October
(Reuters) - The Conference Board's U.S. consumer confidence index fell in October to 47.7 from an upwardly revised 53.4 in September, the private business research group reported on Tuesday.Economists polled by Reuters had forecast a reading of 53.1 for the October index.The monthly survey of roughly 5,000 U.S. households is...
Tags: Consumer Confidence, Corporate Governance, Business Operations, Corporate Law, Board, Conference, Us, US
News items 2009-10-27
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