Archive for businessNews
Fannie, Freddie need to tighten legal expenses: regulator
WASHINGTON (Reuters) - A government watchdog on Wednesday said Fannie Mae and Freddie Mac's regulator needs to curtail the rising cost of their legal expenses since there is no end in sight to the widening taxpayer tab keeping the two firms afloat.
Wall St loses steam after Dow crosses 13,000
NEW YORK (Reuters) - Stocks ended little changed on Tuesday, paring gains after the Dow topped 13,000 for the first time since May 2008, and as higher oil prices damped prospects for the economy.
Apple shareholders to meet as stock at record high
SAN FRANCISCO (Reuters) - Apple Inc Chief Executive Tim Cook is in an enviable position - market leading products, a $98 billion warchest and a seemingly gravity-defying stock price.
Johnson & Johnson CEO Weldon to step down in April
NEW YORK (Reuters) - Johnson & Johnson Chief Executive William Weldon will step down from his post in April after a series of recalls called into question the quality of the healthcare giant's products, from artificial hips to infant Tylenol.
Wynn gives U.S. report as Okada battle grows
WASHINGTON/HONG KONG (Reuters) - From undercover interns to hastily arranged meetings with heads of state, Steve Wynn's lawsuit against former friend and partner Kazuo Okada seeks to paint a picture of a rogue board member pursuing his own private agenda.
Europe seals new Greek bailout but doubts remain
BRUSSELS (Reuters) - Euro zone finance ministers agreed a 130-billion-euro ($172 billion) rescue for Greece on Tuesday to avert an imminent chaotic default after forcing Athens to commit to unpopular cuts and private bondholders to take bigger losses.
Dell shares fall on earnings miss, outlook
SAN FRANCISCO (Reuters) - Dell Inc forecast fiscal first-quarter revenue below Wall Street's expectations, stoking fears the PC industry has not fully emerged from its downturn and sending the company's shares more than 4 percent lower.
Comcast to take on Netflix with Web video service
(Reuters) - Comcast Corp, the No. 1 U.S. cable operator, became the latest major name to take on Netflix Inc on Tuesday when it announced plans for an online video service offering a library of TV shows and movies.
MF Global failure creates tax crunch for farmers
CHICAGO (Reuters) - With the tax man breathing down his neck, Ohio farmer Tony Rohrs is scrambling to figure out how much money he made last year in an account at MF Global.
Merrill raises bid for rivals’ top brokers: sources
NEW YORK (Reuters) - Bank of America's Merrill Lynch has launched a more aggressive recruiting campaign for top-tier brokers, including a bonus paid for transferring client assets after six months at the firm, two sources familiar with the new plan said Tuesday.
