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Updated: 3 weeks 4 days ago

Honda sees U.S. sales comeback after dismal 2011

Mon, 01/09/2012 - 15:32
DETROIT (Reuters) - Honda Motor Co is looking to put a year of unprecedented difficulties behind it and boost sales in the United States, its biggest market, by a quarter in 2012, executives said on Monday.

GM focusing on profits, not U.S. market share: CEO

Mon, 01/09/2012 - 15:16
DETROIT (Reuters) - General Motors Co will focus on maintaining profits, not defending U.S. market share gains made at the expense of Japanese rivals, the automaker's top executive said on Monday.

Wall Street finishes up as earnings, euro zone eyed

Mon, 01/09/2012 - 15:14
NEW YORK (Reuters) - Stocks ended slightly higher on Monday in a light-volume session as investors stayed cautious ahead of corporate earnings and key auctions for European debt this week.

Walgreen starts to move on without Express Scripts

Mon, 01/09/2012 - 15:13
CHICAGO (Reuters) - Walgreen Co is going through "the worst" part of not being in Express Scripts Inc's network and, while the transition is difficult now, the drugstore should rebound as the year progresses, its top pharmacy executive said on Monday.

Alcoa posts Q4 loss

Mon, 01/09/2012 - 15:11
(Reuters) - Alcoa Inc , the largest U.S. aluminum producer, posted a fourth-quarter loss on Monday but gave a positive outlook for metal demand in the aerospace, construction and other industries, lifting its stock price in after-hours trading.

November consumer credit surges by most since 2001

Mon, 01/09/2012 - 15:10
WASHINGTON (Reuters) - Consumer credit surged in November by the most since October 2001, rising 10.0 percent on higher credit card debt and more student loans doled out by the government , a Federal Reserve report showed on Monday.

American Airlines to cut two routes and 150 workers

Mon, 01/09/2012 - 14:26
(Reuters) - AMR Corp , the bankrupt parent of American Airlines, on Monday said it would cut service between Chicago and New Delhi and between Dallas/Fort Worth and Burbank, California, a move that will eliminate 150 jobs.

Google shares slide after Motorola earnings warning

Mon, 01/09/2012 - 14:21
SAN FRANCISCO (Reuters) - Shares of Google Inc fell nearly 4 percent on Monday, after Motorola Mobility Holdings Inc's warning of worse-than-expected financial results raised concerns about Google's pending acquisition of the smartphone maker.

Exclusive: SocGen sees 2012 investment-bank revenue slump

Mon, 01/09/2012 - 14:11
PARIS (Reuters) - French bank Societe Generale is forecasting a "significant" drop in 2012 investment-bank revenue compared with 2011, weighed by higher funding costs and efforts to slash its balance sheet, according to an internal memo obtained by Reuters on Monday.

Swiss central bank chief quits over wife's currency deal

Mon, 01/09/2012 - 12:12
BERNE (Reuters) - Swiss National Bank Chairman Philipp Hildebrand resigned with immediate effect on Monday, saying he could not prove he had been unaware of a currency trade made by his wife and wanted to protect the integrity of the central bank.

Venezuela will not recognize World Bank ruling in Exxon case

Sun, 01/08/2012 - 13:28
CARACAS (Reuters) - Venezuelan President Hugo Chavez said on Sunday that his country would not recognize a ruling by a World Bank tribunal in a multibillion-dollar arbitration case with Exxon Mobil Corp .

Traffic lights turning green

Sun, 01/08/2012 - 13:12
(Reuters) - Counting container ships plying the high seas and air cargo takeoffs is one way to track the outlook for the global economy. Both measures point to weak growth in the months ahead but no severe storms.

Volkswagen eyes 2012 U.S. sales above 500,000

Sun, 01/08/2012 - 12:09
NEW YORK, JAN 8 - Volkswagen aims to sell more than 500,000 vehicles in the United States this year, surpassing the half-million mark for the first time in 39 years on the back of its new Passat and Beetle models.

Alcoa shares could rise 30 percent in 2012: report

Sun, 01/08/2012 - 10:54
(Reuters) - Alcoa Inc shares could rise by as much as 30 percent in 2012 as weak aluminum prices may have bottomed while demand for the metal remains strong, financial weekly Barron's reported on Sunday.

Khartoum bourse launches electronic trade

Sun, 01/08/2012 - 09:17
KHARTOUM (Reuters) - The Khartoum stock exchange on Sunday launched a long-awaited computer trading system that will bring to an end an era of scribbling stock prices on white boards and also marks Sudan's efforts to attract more investment.

EFSF's Regling wants to up investor guarantees: report

Sun, 01/08/2012 - 07:54
BERLIN (Reuters) - The head of Europe's bailout fund was reported on Sunday as saying he wants to boost state guarantees on the fund's bonds, although a fund official said no changes had been made to an original plan.

U.S. demands names of Swiss bank staff: paper

Sun, 01/08/2012 - 06:41
ZURICH (Reuters) - U.S. authorities have given Swiss banks suspected of selling tax evasion services to wealthy Americans a Jan 23. deadline to hand over the names of client advisers, a Swiss newspaper reported on Sunday.

Olympus eyes $1.2 billion suit, president may resign

Sat, 01/07/2012 - 22:14
TOKYO (Reuters) - Scandal-tainted Olympus Corp is considering suing current and former executives for compensation totaling about 90 billion yen ($1.2 billion), while its new president is considering resigning, a source familiar with the matter said.

Strong data damps Fed need to buy bonds: Bullard

Sat, 01/07/2012 - 19:35
CHICAGO (Reuters) - Signs the U.S. recovery is gaining strength suggest the Federal Reserve may not need to buy any more bonds to spur growth, a top policymaker said on Saturday.

Focus shifts back to U.S. earnings

Sat, 01/07/2012 - 15:25
NEW YORK (Reuters) - Stocks have strayed from their recent link to euro moves, and the start of U.S. corporate earnings next week could help shift investor focus back to U.S. fundamentals from Europe.

 

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