Reuters
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Updated: 21 weeks 3 days ago
Swiss say will no longer accept untaxed money
BERNE (Reuters) - Switzerland will no longer accept untaxed money into its banks as it tries to ease pressure on its $2 trillion offshore banking industry from key trading partners seeking to boost tax revenues, it said on Thursday.
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GE to sell $3.3 billion stake in Garanti: GE sources
ISTANBUL (Reuters) - General Electric Co (GE) will sell its $3.3 billion stake in Turkey's Garanti Bank, GE Money sources said on Thursday, a move which could offer a rare chance to buy into Turkey's resilient bank sector.
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Nissan, Suzuki, Daihatsu to recall cars in Japan
TOKYO (Reuters) - Three Japanese carmakers announced recalls on Thursday, mostly in their home market and not on the same scale as recent moves by the likes of industry leader Toyota which heightened scrutiny of car safety.
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Toyota faces tough road to redemption after grilling
TOKYO/WASHINGTON (Reuters) - Toyota Motor Corp's president apologized to U.S. lawmakers and ended the day in tears, marking a potential climax to his company's safety crisis but leaving it with a long road to rebuild its reputation.
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T.Italia to delay results as probe shock spreads
MILAN (Reuters) - Telecom Italia postponed the Thursday release of its 2009 results amid a probe into an alleged 2 billion euro ($2.7 billion) money-laundering operation involving its Sparkle unit and broadband group Fastweb.
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RBS loss shrinks, calls bad debt peak
LONDON (Reuters) - Royal Bank of Scotland posted the largest 2009 loss of its European peers but shrank from record-breaking levels, despite a sharp jump in bad debts which it says may now have peaked.
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Honda launches CR-Z hybrid, says margins higher
TOKYO (Reuters) - Honda Motor Co on Thursday launched the sporty CR-Z model, its second in a line of low-cost hybrid cars aimed at meeting stricter environmental regulations and expanding sales in the tough global car market.
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Microsoft wins court approval to topple "botnet": report
(Reuters) - Software giant Microsoft Corp has won a U.S. court approval to deactivate a global network of computers that the company accused of spreading spam and harmful computer codes, the Wall Street Journal said.
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Coca-Cola close to buying its largest bottler: source
PHILADELPHIA/NEW YORK (Reuters) - Coca-Cola Co is in talks to buy most of its largest bottler for roughly $15 billion, including debt, marking a shift in its strategy to keep its bottling operations separate, a person familiar with the situation said on Wednesday.
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Stock futures edge higher as Bernanke awaited
NEW YORK (Reuters) - U.S. stock index futures pointed slightly higher on Wednesday as investors awaited congressional testimony from Federal Reserve Chairman Ben Bernanke for clues to the U.S. central bank's thinking on the economy.
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Thomson Reuters quarterly profit falls
NEW YORK (Reuters) - Thomson Reuters Corp reported a lower quarterly profit and said it expects 2010 revenue to be flat or to fall slightly because of the impact of negative net sales last year.
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Democrats: Say Goodbye to Wall Street?
WASHINGTON (Reuters) - U.S. banks and investment firms transferred their political contributions to Republicans in 2009 as Democrats in Washington put the focus on big bonuses, huge profits and tight lending, The Washington Post reported on Wednesday.
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Google execs convicted in Italy for Down syndrome video
MILAN (Reuters) - A Milan court convicted three Google Inc executives on Wednesday for violating the privacy of an Italian boy with Down's syndrome by letting a video of him being bullied be posted on the site in 2006.
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Home purchase loan demand at lowest since 1997
NEW YORK (Reuters) - U.S. mortgage applications fell for a third straight week, with demand for home purchase loans sinking to the lowest level in 13 years as inclement weather weighed, data from an industry group showed on Wednesday.
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Citi in advanced talks to sell hedge business: report
NEW YORK (Reuters) - New York-based SkyBridge Capital is in advanced talks to purchase Citigroup Inc's $4 billion hedge fund business, according to the Wall Street Journal.
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Bernanke to outline exit path to skeptical Congress
NEW YORK (Reuters) - Ben Bernanke may have cleared the hurdles to his confirmation for a second term as Federal Reserve chairman, but that does not mean lawmakers will be any friendlier to him at high-profile hearings on Wednesday and Thursday.
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Toyota faces grilling in Congress; probe in Japan
TOKYO/WASHINGTON (Reuters) - Toyota Motor Corp's president braced for tough questions from a U.S. congressional panel on Wednesday after the Japanese automaker conceded it had let safety standards slip and could still not explain most incidents of unintended acceleration.
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World trade contracted 12 percent in 2009: WTO's Lamy
BRUSSELS (Reuters) - Global trade contracted by about 12 percent in 2009 but has started to pick up, the head of the World Trade Organization (WTO) said on Wednesday.
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Google execs convicted in Italy for Down syndrome video
MILAN (Reuters) - A Milan court has convicted three Google Inc executives for the 2006 transmission of a video showing the bullying of a youth with Down syndrome, the judge in the case told Reuters on Wednesday.
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Sears profit more than doubles, revenue slips
NEW YORK (Reuters) - Sears Holdings Corp's quarterly profit more than doubled as lower costs helped blunt the impact of slightly weaker revenue.
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