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Shares rise after China bank move, euro firm →  October 11, 2011

By Alex Richardson SINGAPORE (Reuters) – Asian shares rose on Tuesday after China moved to support its stock market by buying shares of major banks, and the euro held the previous session’s big gains on hopes that European leaders are finally taking action to protect the continent’s lenders.   European stock index futures pointed to […]

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 […]

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, […]

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 […]