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Updated: 3 hours 2 min ago

Macquarie in push to expand U.S. presence: report

4 hours 59 min ago

NEW YORK (Reuters) - Macquarie Group Ltd , Australia's largest investment bank, wants to add more bankers in the United States to advise energy, industrial and technology companies, Bloomberg reported on Wednesday, citing an interview with a top company executive.

GM CEO says U.S. will make money on bailout

5 hours 7 min ago

SAN ANTONIO (Reuters) - General Motors Co will pay back roughly $8 billion in debt to the United States and Canada before June and could go public in a way that would allow taxpayers to make a profit on the bailout, Chief Executive Ed Whitacre said on Wednesday.

Senate passes $149 bln for jobless aid, tax breaks

5 hours 12 min ago

WASHINGTON (Reuters) - The Senate on Wednesday passed a $149 billion package of jobless aid and tax breaks, as Democrats continued efforts to lower the 9.7 percent unemployment rate before congressional elections in November.

Best Buy bets on 3D TV, but no quick payoffs seen

5 hours 59 min ago

NEW YORK (Reuters) - While James Cameron's 3D sci-fi epic "Avatar" took the box office by storm instantly, the road to success will be much longer for Best Buy Co Inc, which is making a big bet on 3D televisions this year.

Geithner urges reform on housing finance market

6 hours 51 min ago

WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner said on Wednesday that "fundamental reform" of the government's role in the housing finance market is needed and it will be next year before proposals are ready for Congress.

BofA under regulatory pressure to shrink: report

7 hours 3 min ago

CHARLOTTE, North Carolina (Reuters) - Regulators have told Bank of America Corp Chief Executive Brian Moynihan and other executives that the largest U.S. bank by assets must become "much smaller," Fox Business Network's Charlie Gasparino reported on Wednesday.

Bets on economy lift Wall Street; banks, tech lead

7 hours 5 min ago

NEW YORK (Reuters) - Bank and technology shares lifted Wall Street on Wednesday on hopes a revival in business demand will boost corporate profits.

Walmart returns items to shelves after lost sales

8 hours 27 min ago

SAN FRANCISCO (Reuters) - Wal-Mart Stores Inc has put roughly 300 items back on its U.S. store shelves after the retailer said it "disappointed" customers by not stocking certain products.

Wholesale inventories fall, restocking expected

11 hours 17 min ago

WASHINGTON (Reuters) - U.S. wholesale inventories fell unexpectedly in January and sales hit their highest in more than a year, suggesting businesses will soon need to begin restocking, which would support economic growth.

Lawsuits, poker and the death of a boutique bank

13 hours 53 min ago

NEW YORK (Reuters) - In September 2008, as Lehman Brothers was breaking into a million pieces, a young investment bank was pushing up through the rubble.

Toyota to fix more Tundras for rust problems

Tue, 03/09/2010 - 17:22

DETROIT (Reuters) - Toyota said on Tuesday it would fix all Tundra pickups sold in the United States for the 2000 to 2003 model years to address a risk that part of the truck's frame could corrode, causing spare tires or even the gas tank to drop to the road.

Greece says G20 to review financial speculation

Tue, 03/09/2010 - 17:08

WASHINGTON (Reuters) - Greece, pressing for curbs on financial speculation it blames for worsening the country's debt crisis, said on Tuesday the idea would be examined by the Group of 20 leading powers at their next summit.

Chevron seeks UK refinery sale, to cut 2,000 jobs

Tue, 03/09/2010 - 16:58

NEW YORK (Reuters) - Chevron Corp , the second-largest U.S. oil company, put some of its downstream operations up for sale, including its Pembroke refinery in the UK, and said it would eliminate 2,000 jobs this year.

Senators to seek wider "Volcker rule"

Tue, 03/09/2010 - 16:55

WASHINGTON (Reuters) - Two Senate Democrats said they will propose on Wednesday placing new limits on proprietary trading by banks and nonbank financial firms, widening the 'Volcker rule' backed by the White House.

Cisco leapfrogs rivals with faster router

Tue, 03/09/2010 - 16:54

NEW YORK (Reuters) - Cisco Systems Inc introduced its first major new routers in six years and said they can be configured to handle Internet traffic up to 12 times faster than rival products.

Bailed-out U.S. financial stocks surge

Tue, 03/09/2010 - 16:34

NEW YORK (Reuters) - The shares of companies bailed out by the U.S. government during the financial crisis surged on Tuesday, fueled by speculation about money-making asset sales, cheap valuations and a recovery.

CEO bonuses fell 22 pct in 2009: report

Tue, 03/09/2010 - 15:04

NEW YORK (Reuters) - U.S. consumer, financial and technology companies slashed bonuses for their chief executives by more than half in 2009, a leading firm that tracks pay data said on Tuesday, as companies moved to more closely tie executive pay to performance.

Telecoms lead Wall St rise a year after market bottom

Tue, 03/09/2010 - 14:44

NEW YORK (Reuters) - One year to the day after stocks fell to their worst close in more than 12 years, the U.S. market spent most of Tuesday spinning its wheels.

W.House's Romer: Too soon for spending clamp-down

Tue, 03/09/2010 - 14:09

ARLINGTON, Virginia (Reuters) - Clamping down on spending now to cut the gaping U.S. budget deficit would be "pound-foolish" and derail the economic recovery, a top White House economic adviser said on Tuesday.

Barclays looking for U.S. retail bank to buy: report

Tue, 03/09/2010 - 12:22

NEW YORK (Reuters) - British bank Barclays Plc is looking to buy a retail bank in the United States to extend its presence after buying Lehman Brothers North American operations in 2008, the Wall Street Journal reported on Tuesday, citing people close to the matter.