Business News Archives - Page 2855 of 2979 - Engage Newswire
Business News

Fed officials laud stimulus, quibble over future plans

By Jonathan Spicer and Alister Bull NEW YORK/LITTLE ROCK, Arkansas | Mon Dec 3, 2012 4:48pm EST NEW YORK/LITTLE ROCK, Arkansas (Reuters) - Central bankers appear satisfied with the impact of their latest monetary stimulus, though there is some disagreement over how forcefully to continue purchasing bonds, remarks by two top policymakers on Monday showed. Boston Fede...

04 Dec 12:55 AM 0 Read More...

Morgan Stanley trader was probed at Goldman: sources

By Lauren Tara LaCapra and Emily Flitter Mon Dec 3, 2012 6:07pm EST (Reuters) - Morgan Stanley hired former Goldman Sachs trader Edward Glenn Hadden to run its Treasury bond desk last year, even though his former employer had placed the trader on paid leave for about a year following an internal inquiry, said three people familiar with the situation. The inquiry by Goldman i...

04 Dec 12:55 AM 0 Read More...

Auto sales race to five-year high for November

By Ben Klayman and Bernie Woodall Mon Dec 3, 2012 5:38pm EST (Reuters) - Auto sales in November raced to a five-year high for that month on a rebound from storm-ravaged October and the need to replace aging vehicles, leaving industry executives optimistic about 2013. Sales in November rose 15 percent to 1.14 million vehicles, the highest level for that month since 2007, befo...

04 Dec 12:55 AM 0 Read More...

Supreme Court lets GM workers pursue case against State Street

WASHINGTON | Mon Dec 3, 2012 5:06pm EST WASHINGTON (Reuters) - The Supreme Court is allowing General Motors Co (GM.N) employees whose pension plans lost money to pursue their case against a State Street Corp (STT.N) unit over its management of their retirement savings plans before the automaker went bankrupt. Without comment, the court refused on Monday to review the case a...

04 Dec 12:55 AM 0 Read More...

Wall Street slips after weak factory data

By Ryan Vlastelica NEW YORK | Mon Dec 3, 2012 2:00pm EST NEW YORK (Reuters) - Stocks fell on Monday, with the S&P 500 and Nasdaq erasing early gains as disappointing U.S. factory numbers curbed optimism spurred by positive data on China's economy. Manufacturing in the United States surprisingly contracted in November, according to the Institute for Supply Manage...

03 Dec 7:53 PM 0 Read More...

UBS nears deal with U.S., UK over Libor

By Martin de Sa'Pinto and Steve Slater ZURICH/LONDON | Mon Dec 3, 2012 1:01pm EST ZURICH/LONDON (Reuters) - Swiss bank UBS AG is nearing a deal to settle claims some of its staff manipulated interest rates and could reach agreement with U.S. and British authorities by the end of the year, a person familiar with the matter said on Monday. UBS is expected to pay more ...

03 Dec 7:53 PM 0 Read More...

Pace of November auto sales races to near five-year high

By Ben Klayman and Bernie Woodall Mon Dec 3, 2012 2:28pm EST (Reuters) - Auto sales in November were helped by a rebound from storm-ravaged October and the need to replace aging vehicles which put the industry on pace for a near five-year high and left executives optimistic about 2013. Sales in November were on pace to top an annual rate of 15 million vehicles, which would m...

03 Dec 7:53 PM 0 Read More...

Ford seeking remedy for Escape, Fusion engine fire risk

DETROIT | Mon Dec 3, 2012 2:32pm EST DETROIT (Reuters) - Ford Motor Co (F.N) is still working on a remedy for a defect that raises the risk of an engine fire in almost 90,000 just-launched Escape and Fusion models, an executive at the second-largest U.S. automaker said on Monday. This is the fifth recall of the 2013 Escape crossover since July. The Escape and the 2013 Fusio...

03 Dec 7:53 PM 0 Read More...

That fiscal cliff? Dow Chemical says China's a bigger worry

By Ernest Scheyder NEW YORK | Mon Dec 3, 2012 2:03pm EST NEW YORK (Reuters) - Many executives say they're anxious about the U.S. fiscal cliff negotiations, but Dow Chemical Co's (DOW.N) chief executive says he's more bothered by the messy Chinese leadership transition, which he believes is wreaking greater harm on global markets. "Markets have, in a holistic sense, ...

03 Dec 7:53 PM 0 Read More...

Wall Street to rise on China data, fiscal cliff woes linger

NEW YORK | Mon Dec 3, 2012 9:34am EST NEW YORK (Reuters) - Stocks rose at the open on Monday on upbeat factory data from China, putting the S&P 500 on pace for its fourth straight gain, but concerns over budget dealings in Washington are expected to keep traders cautious. The Dow Jones industrial average .DJI gained 49.53 points, or 0.38 percent, to 13,075.11. The Stand...

03 Dec 2:47 PM 0 Read More...