Warren Buffett“A public opinion poll is no substitute for thought.”
Adlin Sinclair“Success is a welcomed gift for the uninhibited mind.”
Greece says will stay the course, despite GDP slump »
By Harry Papachristou
THESSALONIKI, Greece | Sat Sep 10, 2011 10:28am EDT
THESSALONIKI, Greece (Reuters) – Debt-laden Greece’s government vowed on Saturday to stay the course of austerity, sending a message to its increasingly frustrated lenders it will do everything it takes to avoid a bankruptcy that would [...]
Stocks primed for more volatility »
By Chuck Mikolajczak
NEW YORK | Sat Sep 10, 2011 12:55am EDT
NEW YORK (Reuters) – Investors will grapple with more turbulence surrounding Europe’s deepening debt problems next week and the prospect of another round of dismal data on the faltering U.S. economy.
More volatility is almost guaranteed after [...]
Wall Street tumbles as ECB discord stirs broad fears »
By Edward Krudy
NEW YORK | Fri Sep 9, 2011 10:06pm EDT
NEW YORK (Reuters) – Stocks tumbled more than 2 percent on Friday after the top German official at the European Central Bank resigned in protest of the bank’s bond-buying program, which has been a major tool [...]
Krawcheck seen bidding final adieu to Wall Street »
By Jessica Toonkel and Ashley Lau
NEW YORK | Fri Sep 9, 2011 7:05pm EDT
NEW YORK (Reuters) – Don’t expect to see Sallie Krawcheck at the helm of another Wall Street bank.
After her firing Tuesday from Bank of America’s (BAC.N) wealth management unit, it’s likely the 46-year-old [...]
Exclusive: China c.bank withdraws 20 bln yuan from state lenders »
BEIJING | Fri Sep 9, 2011 4:49am EDT
BEIJING (Reuters) – China’s central bank has withdrawn at least 20 billion yuan ($3 billion) from some state-owned lenders via designated central bank bills, banking sources told Reuters on Friday.
State banks, including Industrial and Commercial Bank of China (1398.HK), [...]
U.S. readies papers v. Swiss banks on tax evasion »
By Lynnley Browning
Fri Sep 9, 2011 6:39pm EDT
(Reuters) – The United States is drafting legal documents that seek to force nearly a dozen Swiss banks and international banks with Swiss branches to disclose the identities of American clients evading billions of dollars in taxes, sources briefed on the matter said.
The drafting of the documents — [...]
Global bondholders to decide on Greek swap offer »
By George Georgiopoulos
ATHENS | Fri Sep 9, 2011 4:26am EDT
ATHENS (Reuters) – Investors in Greek government debt worldwide will tell regulators on Friday whether and how they will participate in a bond swap aimed at giving Athens more time to emerge from a debt crisis, with [...]
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 [...]
Analysis: Markets have hope but Obama speech may change little »
By Steven C. Johnson
NEW YORK | Thu Sep 8, 2011 8:10am EDT
NEW YORK (Reuters) – After learning the economy added no new jobs in August, investors say they are ready for bold ideas from Washington to put people to work.
The problem is, few are convinced that [...]