→ Subscribe

Fitch cuts Italy, Spain ratings; outlook negative →  October 8, 2011

By Gavin Jones ROME (Reuters) – Fitch Ratings on Friday cut Italy’s sovereign credit rating by one notch and Spain’s by two, citing a worsening of the euro zone debt crisis and a risk of fiscal slippage in both countries. The cuts underline the growing vulnerability of the euro zone, which is already struggling to […]

UAW calls Chrysler meeting as bargaining resumes →  October 8, 2011

By Bernie Woodall and Allison Martell DETROIT/MONTREAL | Fri Oct 7, 2011 10:47pm EDT DETROIT/MONTREAL (Reuters) – The United Auto Workers union has summoned local officials representing some 26,000 Chrysler Group LLC workers to Detroit as contract talks with the No. 3 U.S. automaker near a turning point.   Chrysler Chief Executive Sergio Marchionne said […]

Earnings on deck as Europe eyed →  October 8, 2011

By Chuck Mikolajczak NEW YORK (Reuters) – Investors tiring of the euro zone’s debt crisis dragging the market all over the place are hoping to focus on something else next week — earnings. But will third-quarter results be enough to drive the SP 500 higher? Or will Europe’s woes get in the way? The unofficial […]

Should the banks be nationalised? →  October 7, 2011

A must read for the Occupy Protests The bank bailouts have proven the responsibility of the banks has outweighed their interest and ability to serve their customers.  A bank is a business and as a capital creating organisation is within its rights to do exactly that. Morality is something only expressed by a bank if […]

Apple’s board needs to step up to new era →  October 7, 2011

By Poornima Gupta and Sinead Carew SAN FRANCISCO/NEW YORK | Thu Oct 6, 2011 9:30pm EDT SAN FRANCISCO/NEW YORK (Reuters) – The death of Apple Inc’s strong-willed co-founder and Chairman Steve Jobs has put the secretive company’s small board at crossroads.   Business as usual, or time for a change? The first signs of the […]

→  October 7, 2011

By Tarmo Virki and Reiji Murai HELSINKI/TOKYO | Fri Oct 7, 2011 1:05am EDT HELSINKI/TOKYO (Reuters) – Sony Corp is in talks to buy out Ericsson’s stake in their mobile phone joint venture, a source said, in a bid to catch up with rivals. The move could help Sony recoup ground in the battle against […]

→  October 7, 2011

By Alex Richardson SINGAPORE | Thu Oct 6, 2011 10:59pm EDT SINGAPORE (Reuters) – Asian stocks rose on Friday and the euro clung to gains from a 2-cent rally after euro zone policymakers moved to shore up struggling banks and fend off a financial crisis. The European Central Bank (ECB) announced aggressive liquidity measures on […]

EU works on banks, Obama urges swift action →  October 6, 2011

By John O’Donnell and Paul Carrel BRUSSELS/BERLIN | Thu Oct 6, 2011 4:15pm EDT BRUSSELS/BERLIN (Reuters) – European Union moves to shore up ailing banks moved into higher gear on Thursday as President Barack Obama urged European leaders to act faster to tackle a sovereign debt crisis that threatens global economic recovery.   The EU’s […]

World mourns Steve Jobs →  October 6, 2011

By Jennifer Saba NEW YORK | Thu Oct 6, 2011 2:50pm EDT NEW YORK (Reuters) – Outpourings of public grief and appreciation swept the globe on Thursday after the death of Apple co-founder Steve Jobs.   Jobs, who touched the daily lives of countless millions of people through the Macintosh computer, iPod, iPhone and iPad, […]

Wall Street ends up for third day on bank hopes →  October 6, 2011

NEW YORK | Thu Oct 6, 2011 4:05pm EDT NEW YORK (Reuters) – U.S. stocks ended higher for a third day in a row on Thursday as developing euro zone plans to backstop European banks provided investors with hope the threat of a financial crisis was waning.   Based on the latest available data, the […]