Finances

Court OKs billion-dollar payout to Magna chairman
TORONTO (Reuters) - A Canadian judge approved on Tuesday a plan by Magna International to pay founder Frank Stronach close to a billion dollars in exchange for giving up control of the auto parts giant he started from scratch as a young Austrian immigrant to Canada.


Comments (0), read more »

reuters.com, 17 August 2010, 09:16

Wall Street rises after Wal-Mart, Home Depot results
NEW YORK (Reuters) - Wall Street rose on Tuesday after bellwether retailers Wal-Mart and Home Depot recorded better-than-expected profits, even as Wal-Mart cautioned about the strength of the U.S. consumer.


Comments (0), read more »

reuters.com, 17 August 2010, 09:00

BHP Billiton bids $39 billion for Potash Corp
TORONTO (Reuters) - BHP Billiton launched an unsolicited $38.6 billion takeover bid for Potash Corp, an offer that the world's largest fertilizer maker promptly rejected on Tuesday as "grossly inadequate."


Comments (0), read more »

reuters.com, 17 August 2010, 09:00

Special report: Flipping, flopping and booming mortgage fraud
CHICAGO (Reuters) - The house on the 53rd block of South Wood Street in Chicago's Back of the Yards doesn't look like a $355,000 home. There is no front door and most of the windows are boarded up.


Comments (0), read more »

reuters.com, 17 August 2010, 08:46

Wal-Mart says consumers still wary
CHICAGO (Reuters) - Wal-Mart Stores Inc posted its fifth-consecutive quarterly drop in U.S. same-store sales and said it would focus on curbing expenses to help boost profits this year as consumer sentiment remains soft.


Comments (0), read more »

reuters.com, 17 August 2010, 08:36

U,S., UK AAA ratings well positioned: Moody's
NEW YORK (Reuters) - The top AAA ratings of the U.S., the U.K., France and Germany continue to be well positioned, said Moody's Investors Service on Tuesday.


Comments (0), read more »

reuters.com, 17 August 2010, 08:34

Home Depot sees profit growth despite weaker demand
NEW YORK (Reuters) - Home Depot Inc still sees room for profit growth this year as consumers take up long-delayed maintenance and repair projects for their homes, even if a return to bigger renovations will have to wait.


Comments (0), read more »

reuters.com, 17 August 2010, 08:29

GM to recall more than 243,000 vehicles
DETROIT/WASHINGTON (Reuters) - General Motors Co will recall more than 243,000 model year 2009/2010 crossover sport utilities, mainly in the United States, to inspect safety belts for possible damage, the automaker said on Tuesday.


Comments (0), read more »

reuters.com, 17 August 2010, 08:29

Geithner says government guarantee is key housing question
WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner on Tuesday said there is a strong case for a carefully designed government guarantee for mortgages as policy makers embark on restructuring Fannie Mae and Freddie Mac.


Comments (0), read more »

reuters.com, 17 August 2010, 08:16

Housing starts rise less than expected
WASHINGTON (Reuters) - Housing starts rose but to a much weaker rate than expected in July, while permits for future home construction fell to their lowest level in more than a year, pointing to a weak economic recovery.


Comments (0), read more »

reuters.com, 17 August 2010, 08:07

Stock futures rise after Bernanke comments
NEW YORK (Reuters) - Stock index futures were slightly higher on Tuesday, as investors digested comments from Federal Reserve Chairman Ben Bernanke on the strength of the U.S. recovery and the euro-zone debt crisis.


Comments (0), read more »

reuters.com, 08 June 2010, 06:54

EU ministers talk austerity, Spanish strike over cuts
LUXEMBOURG/MADRID (Reuters) - European Union finance ministers tried to broaden efforts to contain the region's debt crisis on Tuesday and Spanish public sector workers protested over government cutbacks.


Comments (0), read more »

reuters.com, 08 June 2010, 06:51

BT makes two-year pay offer in bid to halt strike
LONDON (Reuters) - British telecoms group BT said it had made a new two-year pay offer to its workers in a bid to avert its first strike for more than two decades.


Comments (0), read more »

reuters.com, 08 June 2010, 05:37

Swiss-U.S. deal on UBS delayed by lower house vote
BERNE (Reuters) - Switzerland's delivery of UBS client data to U.S. tax officials has been delayed after the Swiss lower house rejected the Swiss-U.S. deal to solve a tax row, triggering a new parliamentary debate.


Comments (0), read more »

reuters.com, 08 June 2010, 04:27

New strike breaks out at Honda supplier in China
HONG KONG/TOKYO (Reuters) - A new strike has broken out at a factory producing exhaust systems for Honda Motor's Chinese car factories, just days after a strike at another Honda supplier in the same city was settled.


Comments (0), read more »

reuters.com, 08 June 2010, 02:45