Warren Buffett“A public opinion poll is no substitute for thought.”
Adlin Sinclair“Success is a welcomed gift for the uninhibited mind.”
Greek backsliding sparks euro exit talk »
By Madeline Chambers and Noah Barkin
BERLIN | Thu Sep 8, 2011 7:09am EDT
BERLIN (Reuters) – Anger at Greece’s failure to meet fiscal targets that are a condition for its international bailout is nearing breaking point in Berlin and other European capitals, with senior politicians now talking [...]
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 [...]
Analysis: Behind Brazil’s surprise rate cut: “ugly” numbers »
By Isabel Versiani and Brian Winter
BRASILIA/SAO PAULO | Wed Sep 7, 2011 9:38am EDT
BRASILIA/SAO PAULO (Reuters) – Among the legions of Brazil-watchers who were caught off guard by last week’s 50 basis point interest rate cut, count President Dilma Rousseff.
“This was a surprise for us, too,” [...]
Ex-BP boss Hayward makes $4 billion bet on Genel Energy »
By Tom Bergin
LONDON | Wed Sep 7, 2011 6:14am EDT
LONDON (Reuters) – Former BP boss Tony Hayward has returned to the oil business with an agreement to acquire Turkish explorer Genel Energy via a reverse takeover to create a Kurdistan-focused group worth $4 billion.
Vallares, an investment [...]
Wall Street down on Europe; bear market fears grow »
By Edward Krudy
NEW YORK | Tue Sep 6, 2011 5:01pm EDT
NEW YORK (Reuters) – Wall Street fell for a third day on Tuesday on fears Europe still has failed to tackle its debt crisis, prompting worries the market is headed to new lows for the year.
Investors [...]
Futures up in technical rebound; Yahoo eyed »
By Angela Moon
NEW YORK | Wed Sep 7, 2011 7:31am EDT
NEW YORK (Reuters) – Stock index futures rose on Wednesday, a day after sharp losses sparked by new concerns Europe was failing to tackle its debt crisis.
* European stocks rebounded from a two-year low after Germany’s [...]
BofA consumer bank, brokerage chiefs to step down »
By Joe Rauch
CHARLOTTE, North Carolina | Tue Sep 6, 2011 8:43pm EDT
CHARLOTTE, North Carolina (Reuters) – Bank of America Corp (BAC.N), which has lost almost half of its market value this year, announced a broad reorganization on Tuesday that includes the departure of two senior executives.
The [...]
Obama to propose $300 billion jobs package: report »
WASHINGTON | Tue Sep 6, 2011 10:46pm EDT
WASHINGTON (Reuters) – President Barack Obama, facing waning confidence among Americans in his economic stewardship, plans to lay out a $300 billion job-creation package on Thursday, CNN reported, citing Democratic sources.
The proposed new spending, to be announced by Obama [...]
Global stocks surge on world stimulus hope »
By Alex Richardson
SINGAPORE | Wed Oct 6, 2010 3:39am EDT
SINGAPORE (Reuters) – Stocks and metals rose on Wednesday while the dollar and Japanese bond yields fell after monetary easing moves by the Bank of Japan spurred expectations of a new round of central bank action to [...]