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Top NewsU.S. charges Pakistani Taliban leader in CIA killings »08:24 pm | WASHINGTON (Reuters) - U.S. prosecutors have charged the leader of the Pakistani Taliban, Hakimullah Mehsud, in the plot that killed seven CIA employees at an American base in Afghanistan... September 1 2010 / No comment / Read More »Crisis panel chair: Politics may have doomed Lehman »07:46 pm | By David Lawder and Dave Clarke WASHINGTON (Reuters) - Officials appeared to have made a policy decision not to bail out Lehman Brothers, the head of a panel investigating... September 1 2010 / No comment / Read More »
Business News05:24 pm | NEW YORK (Reuters) - Media stocks gained more than the market in early trading on Wednesday ahead of details of a new online TV product announcement expected from Apple Inc later in the day. Stocks of content owners like Comcast Corp, CBS Corp, Cablevision Systems Corp, New York Times Co and News Corp were up between 4 and 6 percent. Apple is expected to announce a new version of its Apple TV product along with a new 99-cent online video rental service after negotiating deals with Walt Disney Co and News Corp... September 1 2010 / No comment / Read More »05:03 pm | By Herbert Lash NEW YORK (Reuters) - A manufacturing rebound in China and stronger-than-expected U.S. factory data spurred a jump in equity and commodity prices worldwide on Wednesday, helping start the month on a bright note after a sour August... September 1 2010 / No comment / Read More »05:03 pm | By Brian Gorman LONDON (Reuters) - European shares registered their biggest daily gain in more than three months on Wednesday, on strong manufacturing data from the United States and China, the world's two biggest economies. The FTSEurofirst 300 (.FTEU3: Quote , Profile , Research ) index of leading European shares rose 2.9 percent to close at 1,055.69 points, its biggest one-day percentage rise since May 27. ... September 1 2010 / No comment / Read More »04:15 pm | By John Parry NEW YORK (Reuters) - Treasury debt prices fell on Wednesday as surprisingly strong U.S. and Chinese manufacturing data assuaged some concerns about the health of the global economy and whetted investors' appetite for riskier assets. As money flowed out of safe-haven government debt into stocks, a steep sell-off in Treasuries pushed the 30-year bond's price down by three points... September 1 2010 / No comment / Read More » |
Stock Market Indices![]() Stock Markets U.S. douple-dip recession odds "very small"-Romer »05:53 pm | WASHINGTON, Sept 1 (Reuters) - The odds of a double-dip recession in the United States are very small, although the economy is going through a rough patch, a top White House economic adviser said on Wednesday. "The important thing is I think they are very small... September 1 2010 / No comment / Read More »Connecticut probes First Niagara-NewAlliance deal »05:53 pm | * Blumenthal seeks justification for NewAlliance buy * AG seeks information about impact on jobs, economy * First Niagara up 2 pct, NewAlliance up 2.3 pct NEW YORK, Sept 1 (Reuters) - Connecticut is probing First Niagara Financial Group Inc's (FNFG.O: Quote , Profile , Research ) proposed $1.5 billion takeover of NewAlliance Bancshares Inc (NAL.N: Quote , Profile , Research ) and has asked the banks to justify the merger, throwing a potential roadblock to the largest U.S. bank deal in nearly two years... September 1 2010 / No comment / Read More »Canada extends maintenance contract for F-18 jets »05:49 pm | * Maintenance contract extended until at least 2017 * Quebec contractor a unit of L-3 Communications (LLL.N: Quote , Profile , Research ) OTTAWA, Sept 1 (Reuters) - Canada has extended a C$467 million ($445 million) maintenance contract for its fleet of CF-18 fighter jets with a division of L-3 Communications Holdings Inc (LLL.N: Quote , Profile , Research ), Prime Minister Stephen Harper said on Wednesday. The Mirabel, Quebec-based L-3 MAS will service the country's fighter aircraft until at least 2017, with the option of extending the contract for three additional one-year periods for a total value of... September 1 2010 / No comment / Read More »UPDATE 2-US appeals court says no to Teva’s generic Evista »05:41 pm | * Appeals court upholds ban on selling generic Evista * Evista a big seller for Lilly (Adds comment from Lilly, details of patents and case) WASHINGTON, Sept 1 (Reuters) - Eli Lilly & Co (LLY.N: Quote , Profile , Research ) won a patent battle protecting its osteoporosis drug Evista on Wednesday, as an appeals court declined to toss out a permanent injunction preventing production of a generic copy of the medicine. The U.S. Court of Appeals for the Federal Circuit ruled that a lower court was correct in banning Teva Pharmaceuticals Ltd (TEVA.O: Quote , Profile , Research... September 1 2010 / No comment / Read More »WRAPUP 7-Blasts kill 20 in Pakistan’s Lahore, 170 hurt »05:39 pm | * Blasts in Lahore * Taliban leader charged in U.S. * Heavy economic damage (Updates Hakimullah being charged, updates death toll) By Mubasher Bukhari LAHORE, Pakistan, Sept 1 (Reuters) - Three bombs exploded at a Shi'ite procession in the Pakistani city of Lahore on Wednesday, killing at least 20 people and wounding over 170, piling pressure on a government already overwhelmed by floods. Police said two suicide bombers blew themselves up in a crowd, after a lull in violence during the floods, the type of attack that Pakistani Taliban militants have claimed in the past. ... September 1 2010 / No comment / Read More »Fed’s Fisher says ball is in ‘fiscal court,’ not Fed’s »05:37 pm | HOUSTON, Sept 1 (Reuters) - The U.S. ... September 1 2010 / No comment / Read More » |
CurrenciesVision rehires Citi LBO banker Shafer -sources »05:26 pm | * Former Lehman banker Shafer joined Citi as MD in June * Vision owns British "rent-to-own" retailer Brighthouse By Quentin Webb and Simon Meads LONDON, Sept 1 (Reuters) - Private equity firm Vision Capital has rehired Matt Shafer from Citigroup (C.N: Quote , Profile , Research ), two people familiar with the matter said, less than three months after Citi poached him to bolster its team advising buyout firms. Citi suffered a series of senior defections from its European investment banking business earlier this year, including several departures to Barclays Plc (BARC.L: Quote , Profile , Research ) unit Barclays Capital. It countered by making a string of appointments, including Shafer. ... September 1 2010 / No comment / Read More »MONEY MARKETS-U.S. rates futures fall after ISM surprise »05:18 pm | * U.S. rates futures fall as traders rethink rate hike * Benchmark euro/dollar Libor rates steady * ECB expected to extend unlimited liquidity provision * Strong demand at U.S.... September 1 2010 / No comment / Read More »UPDATE 3-GE could spend up to $30 bln on M&A-exec »05:10 pm | * M&A compatible with dividend increases, buybacks -Rice * 'Not going to chase bad deals' -Rice * Shares up nearly 4 pct amid broad rally in U.S. stocks (Adds... September 1 2010 / No comment / Read More »
CANADA FX DEBT-C$ soars on rebounding risk sentiment »05:19 pm | * C$ touches high of 95.37 U.S. cents * Bonds fall, risk appetite up on strong economic data * Canada C$1.4 bln bond due 2041 yields 3.489 pct (Updates figures, adds bond auction details) By Jennifer Kwan TORONTO, Sept 1 (Reuters) - Canada's dollar soared more than a penny... September 1 2010 / No comment / Read More »UPDATE 2-Mexico inflation outlook falls, growth up in poll »04:29 pm | * Analysts see 2010 growth at 4.6 percent; was 4.5 * Analysts see 2010 inflation at 4.43 percent; was 4.59 * Mexicans abroad boost remittances in July (Recasts, adds detail from survey) MEXICO CITY, Sept 1 (Reuters) - Analysts pared their forecasts for Mexican inflation this year and slightly... September 1 2010 / No comment / Read More »WRAPUP 4-US manufacturing grows in Aug, private jobs tumble »04:28 pm | * Manufacturing index rises to 56.3 in August * ADP shows surprise 10,000 drop in private employment * ADP bodes ill for Friday's nonfarm payrolls report * Construction spending falls 1 pct, hits 10-year low (Updates with comments from ISM chairman) By Lucia Mutikani and Burton Frierson NEW YORK,... September 1 2010 / No comment / Read More »UPDATE 3-Hungary may need IMF if markets sour: central bank »04:24 pm | (Refiles to show this is UPDATE 3) * April stress scenario almost realised due to Swiss/forint * Banks may need fresh capital, but should be available * May need to hike rates on CPI/if risk assessment worsens * Forint firms on improved global mood in choppy market (Adds Raiffeisen... September 1 2010 / No comment / Read More »Global manufacturing PMI sags as new orders growth slows »03:24 pm | LONDON, Sept 1 (Reuters) - Global manufacturing activity expanded at a slower pace in August than in the previous month, reflecting slower growth of new orders and a waning boost from inventory building, a survey showed on Wednesday. ... September 1 2010 / No comment / Read More »TABLE-Global manufacturing PMI at 53.8 in Aug »03:12 pm | LONDON, Sept 1 (Reuters) - Following are details of the JPMorgan Global Purchasing Managers' Index for August. AUG JULY Global PMI 53.8 54.3 Output 55.5 55.6 New Orders 52.5 54.0 Input Prices 58.5 56.9 Employment 53.7 53.5 The indicator, produced by JPMorgan with research and supply management organisations, combines... September 1 2010 / No comment / Read More » |