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Updated: 21 weeks 3 days ago
KB Home posts narrower quarterly loss
NEW YORK (Reuters) - KB Home on Tuesday posted a narrower quarterly loss, helped by an improved operating environment for homebuilding.
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European court rules Google's ad model is legal
LUXEMBOURG/LONDON (Reuters) - Europe's highest court ruled Google Inc did not infringe trademark law by selling keywords to trigger ads after Louis Vuitton and others said the practice undermined their brands.
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Stock futures little changed, housing sales eyed
NEW YORK (Reuters) - Stock index futures were little changed on Tuesday, while investors awaited data on the housing market, which remains one of the weakest segments of the economy.
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Greece wants European solution to debt crisis
ATHENS (Reuters) - Greece wants a European solution to its debt crisis and expects positive results from a European Union summit on March 25-26, Finance Minister George Papaconstantinou said on Tuesday.
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Walgreen quarterly profit rises
NEW YORK (Reuters) - Walgreen Co posted a higher quarterly profit as it discounted less seasonal merchandise, but sales were pressured as the top U.S. drugstore chain dealt with cost-conscious consumers and a weak cold and flu season.
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Senate panel backs financial reform bill
WASHINGTON (Reuters) - The U.S. Senate Banking Committee on Monday, approved landmark financial regulatory reform legislation, pushing the fight over the issue to the full Senate in April.
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Fed's Plosser: Base monetary policy on simple rules
NAPLES, Florida (Reuters) - Central bankers should base policy on simple rules related to inflation and economic growth and not rely on hazy measures of economic slack in order to stay ahead of the curve, a senior U.S. Federal Reserve official said on Tuesday.
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Google risks China's ire with slap to censorship
BEIJING/SHANGHAI (Reuters) - Google shut its mainland Chinese-language portal and began rerouting searches to its Hong Kong site, unleashing Beijing's ire and prompting worry over its prospects in China.
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Time Warner leads bids of up to $1.5 billion for MGM
NEW YORK (Reuters) - Time Warner Inc, Lions Gate Entertainment Corp and billionaire Len Blavatnik's Access Industries put up rival bids of $1.2 billion to $1.5 billion for studio Metro-Goldwyn-Mayer, sources familiar with the matter, told Reuters on Monday.
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Fed to keep pro-growth policies: Chicago Fed chief
SHANGHAI (Reuters) - Unacceptably high unemployment and well-contained inflation make it likely that U.S. monetary policy will remain accommodative for at least several months more, a top U.S. Federal Reserve official said on Tuesday.
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Strong China trade data point to rise in yuan
BEIJING (Reuters) - Chinese exports and imports grew faster than expected in February, underlining the momentum behind the world's third-largest economy and reinforcing the case for a rise in the yuan.
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China's Geely secures financing to buy Volvo: report
STOCKHOLM (Reuters) - The parent of China's Geely Automobile has secured financing to buy Ford-owned Volvo cars for about 15 billion Swedish crowns ($2.10 billion), a Swedish business daily reported on Wednesday.
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French minister says U.S. tanker affair not closed
PARIS (Reuters) - A top French minister on Wednesday attacked the United States' handling of an aerial tanker contract, which has seen Europe's EADS drop out of the race, and said the matter was not over yet.
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Northern Rock shrinks losses, arrears rise
LONDON (Reuters) - State-owned Northern Rock shrank its losses in 2009, helped by a lower bad debt charge in the second half as house prices stabilized, but arrears rose and the lender warned loan impairments would stay high in 2010.
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Oil struggles for clear direction from $81.50
LONDON (Reuters) - Oil failed to find momentum in either direction for a clear move away from $81.50 on Wednesday as investors waited for data on U.S. stocks or OPEC's monthly report ahead of next week's meeting to provide impetus.
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Stock futures signal higher open; Facet eyed
(Reuters) - Stock index futures pointed to a higher open on Wall Street on Wednesday, with futures for the S&P 500 up 0.07 percent, Dow Jones futures up 0.09 percent and Nasdaq 100 futures up 0.25 percent.
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Insurers' Chile quake hit won't up prices
MUNICH/ZURICH (Reuters) - Last month's huge earthquake in Chile might cost the insurance industry up to $7 billion in damage claims, the world's top two reinsurers said, but it looks unlikely to raise reinsurance prices.
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China plans new trade office as global disputes grow: sources
BEIJING/GENEVA (Reuters) - China is setting up a new agency to help streamline its trade negotiating bureaucracy as the world's third-largest economy faces a growing number of commercial disputes.
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AIG devises new formula for employee bonuses: report
(Reuters) - American International Group Inc has formulated a new "forced ranking" system to determine bonuses and rate employee performance, Wall Street Journal said, citing people familiar with the matter.
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Economists trim 2011 U.S. growth forecast
WASHINGTON (Reuters) - U.S. economists raised their forecast for economic growth in 2010 in March, the third straight monthly rise, while trimming their growth forecast for 2011, according to a survey released on Wednesday.
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