Business News

G20 defuses talk of "currency war"

By Randall Palmer and Lidia Kelly MOSCOW | Sat Feb 16, 2013 8:11am EST MOSCOW (Reuters) - The Group of 20 nations declared on Saturday there would be no 'currency war' and deferred plans to set new debt-cutting targets in an indication of concern about the fragile state of the world economy. Japan's expansive policies, which have driven down the yen, escaped critici...

16 Feb 2:26 PM 0 Read More...

G20 defuses talk of "currency war", no accord on debt

By Gernot Heller and Maya Dyakina MOSCOW | Sat Feb 16, 2013 3:19am EST MOSCOW (Reuters) - The Group of 20 nations declared on Saturday there would be no 'currency war' and deferred plans to set new debt-cutting targets in an indication of concern about the fragile state of the world economy. Japan's expansive policies, which have driven down the yen, escaped critici...

16 Feb 9:23 AM 0 Read More...

After decent rally, perhaps time for a pause

By Caroline Valetkevitch NEW YORK | Fri Feb 15, 2013 6:24pm EST NEW YORK (Reuters) - Stocks could struggle to extend their seven-week winning streak as the quarterly earnings period draws to a close and the market bumps into strong technical resistance. Many analysts say the market could spend the next few weeks consolidating gains that have lifted the benchmark Sta...

16 Feb 4:21 AM 0 Read More...

SEC sues over Heinz option trading before buyout

By Ben Berkowitz Fri Feb 15, 2013 8:52pm EST (Reuters) - Securities regulators filed suit on Friday against unknown traders in the options of ketchup maker H.J. Heinz Co, alleging they traded on inside information before the company announced a deal to be acquired for $23 billion by Warren Buffett's Berkshire Hathaway Inc and Brazil's 3G Capital. The suit marks the second ti...

16 Feb 4:21 AM 0 Read More...

Exclusive: News Corp, popular tech blog contemplate split-sources

By Peter Lauria and Nadia Damouni Fri Feb 15, 2013 8:55pm EST (Reuters) - AllThingsD, the widely read technology blog run by Kara Swisher and Walt Mossberg, has begun discussions with owner News Corp about extending or ending their partnership, sources familiar with the situation told Reuters. According to these sources, AllThingsD's contract with News Corp expires at the en...

16 Feb 4:21 AM 0 Read More...

SAC has $1.68 billion in withdrawals as trading probe deepens

By Katya Wachtel and Jennifer Ablan NEW YORK | Fri Feb 15, 2013 3:56pm EST NEW YORK (Reuters) - Hedge fund billionaire Steven A. Cohen is feeling the pinch from the federal government's insider trading probe as outside investors in his SAC Capital Advisors submitted requests to withdraw a total of $1.68 billion from the firm by year's end. The amount of the investor...

16 Feb 4:21 AM 0 Read More...

Wall Street ends slightly down, S&P positive for seventh week

By Ryan Vlastelica NEW YORK | Fri Feb 15, 2013 5:04pm EST NEW YORK (Reuters) - The S&P 500 dipped in a late decline on Friday as Wal-Mart dropped following a report of a weak start to February sales, though the index just barely extended its streak of weekly gains to seven. Equities were little changed for much of the session, with investors finding few reasons ...

15 Feb 11:17 PM 0 Read More...

SEC files lawsuit over Heinz option trading

Fri Feb 15, 2013 5:32pm EST (Reuters) - Securities regulators on Friday filed suit against unknown traders in the options of ketchup maker H.J. Heinz Co, alleging they traded on inside information before the company announced a deal to be acquired for $23 billion by Warren Buffett's Berkshire Hathaway and Brazil's 3G Capital. The suit, filed in federal court in Manhattan, cites "hig...

15 Feb 11:17 PM 0 Read More...

Exclusive: News Corp, popular tech blog contemplate split – sources

By Peter Lauria and Nadia Damouni Fri Feb 15, 2013 4:38pm EST (Reuters) – AllThingsD, the widely read technology blog run by Kara Swisher and Walt Mossberg, has begun discussions with owner News Corp about extending or ending their partnership, sources familiar with the situation told Reuters. According to these sources, AllThingsD’s contract with News Corp expires at the end of the year. O...

15 Feb 11:17 PM 0 Read More...

Wall Street dips but S&P on pace for seventh weekly gain

By Chuck Mikolajczak NEW YORK | Fri Feb 15, 2013 12:10pm EST NEW YORK (Reuters) - U.S. stocks were little changed on Friday and the S&P 500 remained on track for a seventh week of gains after upbeat consumer sentiment data, as equities continued a phase of consolidation after a strong start to the year. The S&P 500, up nearly 7 percent so far this year, is f...

15 Feb 6:16 PM 0 Read More...