BNET News Articles

Geithner: Need Stimulus, Not Financial Transactions Tax

BT Trax — Nov 08, 2009 12:15 AM PST

By Glenn Somerville

Wall Street Firms Skittish About RUSAL IPO: Report

BT Trax — Nov 07, 2009 12:00 PM PST

CHICAGO (Reuters) - Wall Street firms are in a quandary about getting involved with a planned public offering of Russian aluminum producer UC RUSAL because its founder has been barred from getting a U.S. visa on account of allegations that he is connected to organized crime, the Wall Street Journal reported on Saturday.

Corruption Costs Poorer States Up to $40 Billion a Year

BT Trax — Nov 07, 2009 10:01 AM PST

By Tamara Walid

Jobless Rate Surges to 10.2 Percent

BT Trax — Nov 07, 2009 9:00 AM PST

By Lucia Mutikani

Stimulus, Not Transactions Tax Needed: Geithner

BT Trax — Nov 07, 2009 12:00 PM PST

By Glenn Somerville

UK Gives Impetus to Global Banks Tax

BT Trax — Nov 07, 2009 11:00 AM PST

By Huw Jones

Regulators Close Gateway Bank, Prosperan Bank

BT Trax — Nov 07, 2009 9:00 AM PST

WASHINGTON (Reuters) - Bank regulators closed Gateway Bank of St. Louis, in St. Louis, Missouri, and Prosperan Bank, of Oakdale, Minnesota, on Friday, the 118th and 119th U.S. bank to fail this year.

Freddie Mac Posts $5 Billion Loss

BT Trax — Nov 06, 2009 4:15 PM PST

By Al Yoon

Stocks Eye Retailers as Jobless Ranks Swell

BT Trax — Nov 06, 2009 4:15 PM PST

By Edward Krudy

U.S. Closes Home Federal Savings in Detroit

BT Trax — Nov 06, 2009 3:45 PM PST

WASHINGTON (Reuters) - Bank regulators closed Home Federal Savings Bank, of Detroit, on Friday, the 117th U.S. bank to fail this year as deteriorating loans continue to take their toll on financial institutions.

Freddie Mac Posts $5 Billion Loss

BT Trax — Nov 06, 2009 3:00 PM PST

NEW YORK (Reuters) - Freddie Mac , the second largest provider of U.S. residential mortgage funding, said on Friday it lost $5 billion in the third quarter and predicted it would require further support from the Treasury amid a "prolonged deterioration" in housing.

Berkshire Hathaway's Net Income Triples

BT Trax — Nov 06, 2009 4:00 PM PST

By Jonathan Stempel and Lilla Zuill

Sun Micro Sales Fall, Oracle Deal Delay Stings

BT Trax — Nov 06, 2009 3:00 PM PST

NEW YORK (Reuters) - Computer maker Sun Microsystems Inc suffered a 25 percent fall in quarterly revenue, as uncertainty over its delayed sale to Oracle Corp hurt its business.

Harvard Biz Grads Send Neutral Signal on Stocks

BT Trax — Nov 06, 2009 1:00 PM PST

NEW YORK (Reuters) - Harvard Business School is sending 28 percent of its 2009 graduating class onto careers in finance, a mildly bullish sign for the economy, said Ray Soifer, an independent bank consultant.

Kraft in Waiting Game as Cadbury Deadline Nears

BT Trax — Nov 06, 2009 1:00 PM PST

By Victoria Howley and David Jones

BofA CEO Search to Drag Until Thanksgiving: Report

BT Trax — Nov 06, 2009 1:00 PM PST

CHARLOTTE, North Carolina (Reuters) - Bank of America Corp's CEO search could last until Thanksgiving, the New York Post reported on Friday.

Blackstone Profit Tops View; Sees More Deals Ahead

BT Trax — Nov 06, 2009 4:00 PM PST

By Megan Davies

AIG Posts Second Straight Profit

BT Trax — Nov 06, 2009 2:00 PM PST

By Lilla Zuill

SEC Sees Evolution in Insider Trading

BT Trax — Nov 06, 2009 1:00 PM PST

By Jonathan Stempel and Rachelle Younglai

U.S. Jobless Rate Surges to 10.2 Percent

BT Trax — Nov 06, 2009 2:00 PM PST

By Lucia Mutikani

Calpers Knew in 2003 About Forex Trading Hits: Report

BT Trax — Nov 06, 2009 3:46 AM PST

(Reuters) - California Public Employees' Retirement System, knew it was paying uncompetitive rates on foreign-exchange trades as early as 2003, the Wall Street Journal said, citing a consultant who advised the largest U.S. public pension fund.

IMF Warns G20 Off Cutting Economic Support Too Fast

BT Trax — Nov 06, 2009 1:00 PM PST

By Sumeet Desai and Jan Strupczewski

BA Sees Improved Outlook, Swings to H1 Loss

BT Trax — Nov 06, 2009 5:00 AM PST

By Rhys Jones

Wall St. Rises 3 Percent For Week on Friday's Slim Gain

BT Trax — Nov 06, 2009 1:45 PM PST

By Chuck Mikolajczak

RBS's Q3 Loss Halves But More Bad Debts to Come

BT Trax — Nov 06, 2009 1:30 AM PST

LONDON (Reuters) - Royal Bank of Scotland more than halved its operating losses to 1.5 billion pounds ($2.5 billion) in the third quarter as impairments fell, but less favorable trading battered investment banking profits.

Stocks, Commods Gain Ground, Payrolls Eyed

BT Trax — Nov 06, 2009 1:30 AM PST

By Simon Falush

Starbucks Raises Outlook as Turnaround Signs Mount

BT Trax — Nov 05, 2009 5:45 PM PST

By Lisa Baertlein

Opel Chief Leaves Following Failed Deal

BT Trax — Nov 06, 2009 1:00 PM PST

By Christiaan Hetzner and Angelika Gruber

Insider Trading Probe Ensnares 14 More

BT Trax — Nov 05, 2009 4:16 PM PST

By Matthew Goldstein and Jonathan Stempel

Sparring Over Evidence at Wall Streeters Trial

BT Trax — Nov 05, 2009 5:15 PM PST

By Grant McCool

Fed's Balance Sheet Expands in Latest Week

BT Trax — Nov 05, 2009 2:46 PM PST

NEW YORK (Reuters) - The U.S. Federal Reserve's balance sheet grew slightly in the latest week on increased holdings of government and mortgage agency debt, Fed data showed on Thursday.

Fannie Mae Posts $18.9 Billion Q3 Loss, Taps Treasury

BT Trax — Nov 05, 2009 3:45 PM PST

By Al Yoon

BofA: Credit Card Loss Rate Could Have Peaked in Q3

BT Trax — Nov 05, 2009 2:30 PM PST

By Joe Rauch

Starbucks Beats View, Raises Targets

BT Trax — Nov 05, 2009 3:45 PM PST

By Lisa Baertlein

Mortgage Rates Drop Below 5 Percent: Freddie Mac

BT Trax — Nov 05, 2009 1:31 PM PST

By Julie Haviv

BNY Mellon's Kelly Shoots Down BofA CEO Talk