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Updated: 52 min 42 sec ago

Japan's first-quarter growth spurt shows early benefits of Abe's policy gamble

May 16, 2013 - 1:38am

Japan's economy expanded at a rapid clip at the start of the year, the first hard evidence that Prime Minister Shinzo Abe's sweeping stimulus is beginning to rouse consumers and businesses into action ...


Russian investigators charge Rosbank CEO-Ifax

May 16, 2013 - 1:34am

The chief executive of Societe Generale's Russian unit, Vladimir Golubkov, and another executive at Rosbank were charged on Thursday for taking bribes, the Interior Ministry was quoted as saying. Golubkov ...


Insight: Dimon has big say over who serves on JPMorgan board

May 16, 2013 - 12:51am

For years, JPMorgan Chase & Co Chairman and CEO Jamie Dimon and other executives have hand-picked new directors, in a practice that is now unusual for a major U.S. bank. The JPMorgan board's governance ...


Japan PM's "Third Arrow" reforms seen short of overhaul

May 16, 2013 - 12:23am

Anyone expecting a broad overhaul of Japan's economy that would remove barriers to competition will likely be disappointed when Prime Minister Shinzo Abe launches his "Third Arrow" policy next ...


Lacker says Fed should get out of mortgage market

May 15, 2013 - 9:57pm

An improving U.S. housing market suggests it is time for the Federal Reserve to stop aiming its stimulus at the real estate sector, Richmond Fed President Jeffrey Lacker said on Wednesday. "When you ...


Judge orders Dow Chemical to pay $1.2 billion in price-fixing case

May 15, 2013 - 9:55pm
A federal judge in Kansas City, Kansas, ordered Dow Chemical Co on Wednesday to pay $1.2 billion in a price-fixing case involving chemicals used to make foam products in cars, furniture and packaging, ...

JPMorgan Voters Are Denied Access to Results

May 15, 2013 - 9:00pm

The firm that is providing tabulations of the JPMorgan vote stopped giving voting snapshots to the proposal’s sponsors last week.


Harvard hikes pay for top in-house money managers

May 15, 2013 - 8:49pm

Harvard University paid its top six in-house money managers $29.5 million in 2011, a 45 percent hike from the previous year that it said was due to the "exceptionally strong" returns on the school's ...


Tesla Motors’ Bid for Cash May Also Fuel Critics

May 15, 2013 - 8:25pm

Tesla Motors on Wednesday announced plans to tap the markets for more cash, a move that will buy it precious time to meet its ambitious goals but will also fuel debate over its prospects.


Factory, wholesale price data flag economy's woes

May 15, 2013 - 8:22pm

Factory output dropped in April and manufacturing activity in New York state contracted this month, a sign that slowing global demand is weighing on the economy. The anemic growth picture was highlighted ...


As Baht Rises, Thai Tycoons Spend

May 15, 2013 - 8:13pm
BANGKOK—Fifteen years ago, Thailand and other Asian countries let their currencies slide, using cheap exports to help lift them out of a devastating economic slump. Today, Thailand's currency is soaring, ...

Japan Posts Surge in Economic Growth

May 15, 2013 - 8:07pm

Japan's economic growth accelerated swiftly at the beginning of this year, the most concrete sign yet that new stimulus policies sparking euphoria in financial markets are starting to lift companies and consumers as well.


Tax Scandal Fells IRS Chief

May 15, 2013 - 7:44pm

President Barack Obama forced the resignation Wednesday of the acting commissioner of the Internal Revenue Service in connection with the inappropriate targeting of conservative political groups.


GE, Boeing alert airlines about 777 engine problem

May 15, 2013 - 7:41pm

General Electric Co and Boeing Co have alerted airlines about a potential problem with engines on Boeing's long-range 777 jumbo jet that caused the engines to shut in mid-flight twice this year. The problem ...


Too Big to Fail: A Path Forward

May 15, 2013 - 7:35pm
By John Bovenzi, Randall Guynn and Thomas Jackson The “too-big-to-fail” problem took center stage in 2008 when it became clear that both the bankruptcy process and financial regulators were ill-prepared to handle the failure of systemically important financial institutions (SIFIs). … Continue reading →

Cisco Profit Beats Street, Shares Rise on Outlook

May 15, 2013 - 7:00pm
By Sinead Carew and Nicola Leske NEW YORK (Reuters) - Network equipment maker Cisco Systems Inc posted a higher than expected quarterly profit and said current-quarter revenue could increase, giving some ...

Cisco Posts Quarterly Increase in Revenue

May 15, 2013 - 7:00pm

Cisco Systems Inc posted an increase in quarterly revenue that was slightly ahead of Wall Street expectations, suggesting that the network equipment maker may be seeing signs of improvement in technology spending.


JPMorgan Presses Bloomberg on Reporters' Access to Data

May 15, 2013 - 6:42pm

JPMorgan Chase & Co, one of the biggest customers of Bloomberg LP, said on Wednesday it has sent a formal legal request asking the financial data and news company to provide details.


Dillard's 1Q Profit Beats Expectations

May 15, 2013 - 6:36pm
Dillard's Inc. reported improved first-quarter profit Wednesday, as the department store operator benefited from one-time gains and better sales in its stores. The company, based in Little Rock, Ark., ...

Obama: IRS Acting Commissioner Has Resigned

May 15, 2013 - 6:36pm

President Barack Obama on Wednesday announced the resignation of the top official at the Internal Revenue Service following a controversy over the agency's targeting of conservative political groups.