Daily News Alert | Thursday, June 30, 2011 12:02 AM PDT |
Today's Reuters Business News Headlines - Yahoo! News:
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Lloyds to cut 15,000 jobs in strategy revamp
Wed,29 Jun 2011 11:20 PM PDT
Reuters - LONDON (Reuters) - Lloyds unveiled plans to cut 15,000 jobs, reduce costs and sell assets in a strategy review aimed at boosting the fortunes of the bank which had to be part-nationalized during the credit crisis. Full Story1 | Top |
Stocks and euro climb as Greece votes for austerity
Wed,29 Jun 2011 09:51 PM PDT
Reuters -  HONG KONG (Reuters) - Asian stocks climbed on Thursday as investors breathed a sigh of relief after Greece moved a step closer to avoiding a default by adopting harsh austerity measures, a move that boosted the euro and sparked a broad rebound in risky assets.
Full Story1 | Top |
Exclusive: Lilly CEO defends R&D spending
Wed,29 Jun 2011 09:02 PM PDT
Reuters - WASHINGTON (Reuters) - Eli Lilly and Co is committed to spending what it takes to come up with innovative drugs over the long term, its chief executive said, even though the company's earnings are expected to tumble over the next three years. Full Story1 | Top |
Moody's warns may downgrade U.S. muni debt ratings
Wed,29 Jun 2011 07:39 PM PDT
Reuters - NEW YORK (Reuters) - Moody's on Wednesday warned it may downgrade some Aaa-rated U.S. states and municipalities if the country loses its top-notch rating or if federal funding falls significantly as part of a plan to reduce the nation's deficit. Full Story1 | Top |
Asia looks to "friend" Lagarde to honor IMF pledges
Wed,29 Jun 2011 05:31 PM PDT
Reuters -  SINGAPORE (Reuters) - Asia's fast-rising economies set their sights on securing key IMF posts under new chief Christine Lagarde, hopeful she would be the one to make good on oft-heard pledges to give more power to emerging markets.
Full Story1 | Top |
Bank of America expects loss after settlement
Wed,29 Jun 2011 05:11 PM PDT
Reuters -  CHARLOTTE, N.C./NEW YORK (Reuters) - Bank of America Corp said it expects to take more than $20 billion of charges after settling with mortgage bond investors, resulting in a second-quarter loss.
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BofA $8.5 billion settlement likely faces legal fight
Wed,29 Jun 2011 05:11 PM PDT
Reuters - WILMINGTON, Delaware (Reuters) - Bank of America Corp's $8.5 billion settlement to clear up its mortgage bond mess isn't a done deal and could be challenged -- if the large number of investors locked out of negotiations decide to organize. Full Story1 | Top |
AMR talking with Boeing, Airbus for 250 planes: report
Wed,29 Jun 2011 04:55 PM PDT
Reuters -  (Reuters) - AMR Corp's American Airlines is negotiating with aircraft makers Airbus and Boeing Co to replace its entire domestic fleet by purchasing at least 250 airplanes in a deal valued at about $15 billion, the Wall Street Journal reported.
Full Story1 | Top |
Mexico's Carstens hits out at IMF double standards
Wed,29 Jun 2011 03:48 PM PDT
Reuters - MEXICO CITY (Reuters) - Mexico's losing candidate to take the helm of the International Monetary Fund hit out at international bodies on Wednesday, saying they had failed to live up to the standards they set for others. Full Story1 | Top |
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