FOREXLEARNING

Chrysler, UAW discuss entry-level wage boost: sources »

By Deepa Seetharaman and Bernie Woodall
DETROIT | Thu Sep 8, 2011 10:57pm EDT

DETROIT (Reuters) – Chrysler Group LLC and the United Auto Workers union are discussing a plan that would lift the base wages of entry-level workers at the No. 3. U.S. automaker over time, two [...]

Car makers fight European gloom in Frankfurt »

By Helen Massy-Beresford and Christiaan Hetzner
LONDON/FRANKFURT | Fri Sep 9, 2011 9:26am EDT

LONDON/FRANKFURT (Reuters) – The global car industry descends on Frankfurt next week to show off the latest models it hopes will fend off an economic slowdown in some of its biggest markets, as government [...]

McDonald’s August sales miss; Japan drags »

By Brad Dorfman
CHICAGO | Fri Sep 9, 2011 10:50am EDT

CHICAGO (Reuters) – McDonald’s Corp (MCD.N) reported a lower-than-expected rise in global August sales at established restaurants on Friday on a steep drop in Japan and a lull in new product launches in the United States.

The world’s [...]

From taiga to tank: hard scrabble for new oil »

By Melissa Akin
VERKHNECHONSK, Russia | Fri Sep 9, 2011 6:36am EDT

VERKHNECHONSK, Russia (Reuters) – Oil was discovered in 1978 deep under the forest floor in this corner of Eastern Siberia, but the challenges of drilling here were created hundreds of millions of years ago in a [...]

BofA discussing about 40,000 job cuts: report »

Bangalore | Thu Sep 8, 2011 10:54pm EDT

Bangalore (Reuters) – Bank of America Corp officials have discussed slashing roughly 40,000 jobs during the first wave of a restructuring, the Wall Street Journal said, citing people familiar with the plans.

The number of job cuts are not final [...]

Analysis: Why would anyone want to be Yahoo’s CEO? »

By Peter Lauria
NEW YORK | Thu Sep 8, 2011 1:53am EDT

NEW YORK (Reuters) – There are few surer ways for an executive to lose a good reputation than to be CEO of Yahoo Inc. Just ask Carol Bartz or Terry Semel.

As the company searches for Bartz’s [...]

Major Yahoo shareholder calls for new board »

By Jennifer Saba and Paul Thomasch
NEW YORK | Thu Sep 8, 2011 6:17pm EDT

NEW YORK (Reuters) – Shareholder activist Daniel Loeb has scooped up shares of Yahoo Inc and is demanding that the company overhaul its board, saying the directors have made “serious misjudgments” and “destroyed [...]

Wall St dips after trade, jobless data »

By Chuck Mikolajczak
NEW YORK | Thu Sep 8, 2011 10:08am EDT

NEW YORK (Reuters) – Stocks slipped on Thursday after data showed continued softness in the labor market but a shrinking trade gap, ahead of a speech by U.S. President Barack Obama detailing his plan for jobs [...]

Gundlach tells jurors of recruiting by PIMCO »

By Mary Slosson
LOS ANGELES | Wed Sep 7, 2011 7:43pm EDT

LOS ANGELES (Reuters) – Pacific Investment Management Company did not try to directly recruit star bond fund manager Jeffrey Gundlach while he was still employed at Trust Company of the West.

Rather, Gundlach said in court, he [...]

U.S. recovery still on ropes in late summer: Fed »

By Mark Felsenthal
WASHINGTON | Wed Sep 7, 2011 6:21pm EDT

WASHINGTON (Reuters) – The sluggish U.S. recovery failed to gain speed in recent weeks and softened in some areas of the country, as volatile stock markets and sputtering factory activity weighed on growth, the Federal Reserve said [...]