→ Subscribe

→  November 29, 2011

WASHINGTON (Reuters) – The Federal Communications Commission granted ATT Inc’s request to withdraw its application for approval of its purchase of T-Mobile USA, an FCC official said on Tuesday.   ATT and T-Mobile USA owner Deutsche Telekom AG said last week they wanted to withdraw their application with the FCC to focus on defending their […]

Wall St up for 2nd day on brighter consumer outlook →  November 29, 2011

NEW YORK (Reuters) – The Dow and SP 500 advanced for a second day on Tuesday as stronger-than-expected consumer confidence data and hopes for further progress on a solution to Europe’s fiscal mess bolstered sentiment. However, in a sign investors are still nervous about the European debt crisis, defensive sectors such as utilities and consumer […]

American Airlines Parent Company AMR Files for Bankruptcy →  November 29, 2011

Click ‘Like’ to read full article Another recession domino tumbles as AMR’s $5bln negtive balance sheet leads them into filing for chapter 11 bankruptcy protection. With a negative balance sheet of circa $5bln  the board has moved to protect its underlining assets. With the filing, American became the final large U.S. full- fare airline to […]

New home sales rise 1.3 percent in October →  November 28, 2011

WASHINGTON (Reuters) – New single-family home sales rose in October and the supply of homes on the market fell to its lowest level since April of last year, showing some healing in the battered housing sector. The Commerce Department on Monday said that sales edged up 1.3 percent to a seasonally adjusted 307,000-unit annual rate, […]

Wall Street gains on euro zone optimism, retailers →  November 28, 2011

NEW YORK (Reuters) – Stocks jumped about 3 percent on Monday on hopes that fresh proposals may emerge out of Europe to help solve the region’s debt crisis. The rally spread across the board, with all but one issue on the SP 500 index higher. Retail stocks were among the top gainers after a trade […]

Retailers look to keep Black Friday momentum going →  November 27, 2011

(Reuters) – U.S. retailers moved from the frenzied start of the holiday shopping season to the next phase on Saturday, hoping to avoid a drop after Black Friday and keep the momentum going during a fitful economic recovery. After featuring the usual deep discounts on Thanksgiving on Thursday and on Friday, retailers were still offering […]

Germany and France examine push for euro zone integration →  November 27, 2011

BRUSSELS (Reuters) – Germany and France are exploring radical methods of securing deeper and more rapid fiscal integration among euro zone countries, aware that getting broad backing for the necessary treaty changes may not be possible, EU officials say. Germany’s original plan was to try to secure agreement among all 27 EU countries for a […]

Europe bond yields to keep stocks spellbound →  November 26, 2011

NEW YORK (Reuters) – U.S. investors came to the Thanksgiving holiday table on Thursday mostly thankful that the week was a short one, or losses could have been larger. As another round of news and bond auctions from Europe begins next week, traders will watch closely sovereign bond yields that have kept markets on edge. […]

Crowds hit stores for "Black Friday" deals →  November 25, 2011

(Reuters) – Retailers may not reap hefty gains from the longer lines of shoppers snaked around malls across the U.S. at the traditional post-Thanksgiving start of the holiday shopping season; broader bargain hunting driven by budgetary fears may depress overall holiday spending. Eager shoppers hunted for bargains on big-screen televisions, video games and toys while […]

Wall Street rebounds after six losing sessions →  November 25, 2011

NEW YORK (Reuters) – Stocks rose on Friday, on course to snap a six-session losing streak, as a buoyant start to the holiday shopping season helped offset fears about the euro zone’s debt crisis after another leap in Italian bond yields. Reinforcing what some see as recent signs of strength in the U.S. economy, shoppers […]