MARKETS / FINANCE

AMR Corp, the parent of bankrupt American Airlines, wants to slash 13,000 jobs and terminate employee pension plans as part of a cost-cutting strategy the carrier says is necessary to compete with rivals.

Many analysts remain bullish on gold and expect it to continue to rally in 2012.

The head of the Commodity Futures Trading Commission has ordered an extensive review of how futures brokerages are regulated, following the collapse of MF Global three months ago, a CFTC official told Reuters on Wednesday.

Auto sales rose more than 11 percent in January, a surprisingly robust showing that marked the strongest annualized sales rate for the industry in nearly two-and-a-half years.

An advisory committee urged U.S. securities regulators on Wednesday to relax outdated rules that trigger public financial reporting for companies, but it stopped short of backing a new capital-raising strategy known as crowdfunding.

AMR Corp, the parent of bankrupt American Airlines, wants to slash 13,000 jobs and terminate employee pension plans as part of a cost-cutting strategy the carrier says is necessary to compete with rivals.

Electronic Arts' revenue rose more than expected in its third quarter on strong sales of the military-themed game Battlefield 3 and the highly anticipated Star Wars game.

AMR Corp , the bankrupt parent of American Airlines, wants to slash costs by more than $2 billion annually, with more than half the savings coming from employees, the company said on Wednesday.

A proposed settlement to resolve mortgage abuses by top U.S. banks will give states broad authority to punish firms that mistreat borrowers in the future, according to documents seen by Reuters on Wednesday.

Major automakers reported a nearly 12 percent gain in U.S. sales in January, a surprisingly strong showing driven by the growing need for American drivers to replace aging cars and trucks.

Vivendi SA has won the dismissal of much of what remained in a nearly decade-old U.S. lawsuit accusing the French media company of misleading shareholders about its finances in connection with a $46 billion merger.

Tyler, a senior strategist for super PAC Winning Our Future and a former Gingrich aide, accused MSNBC of race baiting on Tuesday, and the Democratic Party of failing the black community on economic and social issues. But when Rachel Maddow and Rev. Al Sharpton challenged his argument, Tyler ended up playing into one of the most racially charged conspiracy theories out there: the Black Genocide theory.

Russian firms produced 209.0 tonnes of gold in 2011, 3.6 percent more than in 2010, but below an earlier forecast, data published on Wednesday by the Gold Industrialists' Union industry lobby showed.

OroCash, Italy's biggest buyer of used gold jewelry, expects business to flourish this year with the opening of 150 new collection points in Italyand abroad as high gold prices and unfolding economic crisis prompt people to sell family assets.

Gold rose on Wednesday as the dollar slipped against the euro and on strong global manufacturing data, while analysts said profit taking could pressure the precious metal after its biggest January gain in 32 years.

AMR Corp, the bankrupt parent of American Airlines, may slash between 12,000 and 14,000 jobs as part of a bankruptcy cost-cutting strategy the carrier says is necessary to compete with rivals.

Stocks extended January's rally, climbing more than 1 percent on Wednesday after upbeat global manufacturing data and as Greece neared a long-delayed deal with private creditors.

AMR Corp, the bankrupt parent of American Airlines, may slash between 12,000 and 14,000 jobs as part of a bankruptcy cost-cutting strategy the carrier says is necessary to compete with rivals.

Planned changes to Google Inc's privacy policies that have caught the attention of U.S. lawmakers would not take away the control its customers have over how data is collected and used, the company said in a blog post on Tuesday

A Senate antitrust panel is planning a hearing to discuss Verizon Wireless's multibillion dollar deals to buy wireless airwaves from cable operators and let them resell its mobile service, a spokeswoman said on Wednesday.

U.S. manufacturing growth accelerated in January to its highest level in seven months, though a measure of employment faded and private-sector employers added fewer jobs than expected, data showed on Wednesday.

Chrysler Group LLC posted a 44 percent rise in U.S. auto sales in January, led by gains for its Jeep brand, while its largest rival General Motors Co lost ground in a month marked by modest growth.

Stocks extended January's rally, climbing more than 1 percent, on Wednesday after upbeat global manufacturing data and as Greece neared a long-delayed deal on its debt.

EU regulators have blocked the tie-up of exchange operators Deutsche Boerse and NYSE Euronext to stop them taking a stranglehold on the European futures market.

A former Credit Suisse employee surrendered to the FBI on Wednesday on criminal charges, an FBI spokesman said, in a U.S. government probe on writedowns on subprime mortgage derivatives at the height of the financial crisis.

A top Federal Reserve official sharply criticized the U.S. central bank's decision last week to telegraph ultra low interest rates for nearly three more years, saying on Wednesday the move undermined confidence and caused confusion.

Investment bank JP Morgan is bulking up its metal warehousing facilities in Rotterdam and Chicago, industry sources say, in a business that consumers complain deliberately delays delivery of metals to boost revenues from rent.

Chrysler Group LLC posted a 44 percent rise in U.S. auto sales in January, led by gains for its Jeep brand, while its larger domestic rival General Motors Co lost ground in a month marked by modest growth.

Stocks rallied on Wednesday as upbeat economic data out of China and Germany eased concerns about the global economy and Greece neared a long-delayed deal on a debt swap.