MARKETS / FINANCE

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Citi deal boosts its stake in Chile No. 2 bank

Citigroup has increased its stake in a Chilean financial firm that controls the country's No. 2 bank, Banco de Chile, in an operation worth $513 million, the firm's parent company said on Friday.

Barclays fires back at Lehman windfall-profit suit

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Barclays Plc urged a judge to throw out a lawsuit by Lehman Brothers Holdings Inc's bankruptcy estate alleging that it reaped a secret $5 billion profit from its rushed September 2008 purchase of the company's U.S. brokerage.
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Proprietary trading ban positive: FDIC's Bair

Top bank regulator Sheila Bair said on Friday that proposed proprietary trading limits are very positive, but said they would not have necessarily reined in risk-taking at the institutions that required massive bailouts.
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Amazon holiday profit beats, sees strong 1st quarter

Amazon.com Inc blew past analysts' profit estimates in its closely watched holiday quarter and forecast revenue for early 2010 that topped already-high Wall Street expectations.
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All sides seeking quick deal on A400M: Germany

All parties involved in talks on the future of the Airbus A400M military transporter are trying to reach a deal as soon as possible, a spokesman for Germany's defense ministry said on Friday.
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Economy soars 5.7 percent in Q4, fastest in 6 years

The economy grew at a faster-than-expected 5.7 percent pace in the fourth quarter, the quickest pace in more than six years, as businesses reduced inventories less aggressively, the Commerce Department said on Friday.
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Economy likely grew 4.6 percent in 4th quarter

The U.S. economy likely grew at its fastest pace in nearly four years in the fourth quarter as businesses made less-aggressive cutbacks on inventories, a government report is expected to show on Friday.
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Developed market funds suffer investor redemptions

Investor concern about tightening lending conditions in China and deteriorating finances in Greece and Japan led them to pull cash out of developed market equity funds for debt funds in the week ended January 27, fund tracker EPFR Global said late on Thursday.
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Congress to probe Toyota recalls

Congressional investigators on Thursday sought documents on Thursday from Toyota Motor Corp and U.S. safety regulators about a pair of safety recalls the automaker was racing to address.
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Oracle claims firm stole its intellectual property

Oracle Corp has filed a suit against a little known rival that provides low-cost software maintenance services, in a case similar to one that Oracle is fighting against rival SAP AG.
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Toyota reviewing pedal fix with U.S. regulators

Toyota Motor Corp is consulting with U.S. safety regulators on a fix that would allow it to avoid the more costly option of shipping brand new accelerators for over 2 million Americans with vehicles under recall, two people briefed on the talks said.
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Senate backs Bernanke for second term at Fed

The Senate on Thursday backed Ben Bernanke for a second four-year term running the Federal Reserve, the world's most powerful central bank, despite deep misgivings over his perceived policy missteps.
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Geithner urges more progress on job growth

Treasury Secretary Timothy Geithner joined other Obama administration officials on Thursday who fanned out across the country to talk up prospects for brighter hiring prospects as recovery sets in.
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U.S. durable goods orders edge up,jobless claims dip

New orders for long-lasting U.S. manufactured goods edged higher in December and the number of workers filing applications for jobless aid fell last week, indicating the economy remains on a recovery path.
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Macy's says cutting some store level jobs

Macy's Inc said it is cutting some store-level jobs and adding others as part of its efforts to standardize how it manages stores and staffing.
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Reluctant Senate backs Bernanke for second term

The Senate on Thursday approved Ben Bernanke's nomination to a second four-year term running the world's most powerful central bank despite deep misgivings over his perceived policy missteps.
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Majority of Senate vote to confirm Bernanke

A majority of U.S. senators on Thursday voted to confirm Ben Bernanke for a second four-year term at the head of the Federal Reserve, suggesting he would win the Senate's needed approval.
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Fed's Bernanke nomination clears hurdle, approval seen

The Senate on Thursday looked poised to narrowly approve Ben Bernanke's nomination to a second term running the world's most powerful central bank, despite misgivings over perceived policy missteps.
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Bernanke nomination clears hurdle, approval seen

The Senate on Thursday looked poised to narrowly approve Ben Bernanke's nomination to a second term running the world's most powerful central bank, despite misgivings over perceived policy missteps.
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Senate vote overcomes Bernanke nomination hurdle

The Senate on Thursday voted to clear a hurdle to Ben Bernanke's nomination to serve a second four-year term at the head of the Federal Reserve, a strong indication the votes are in place for final approval.
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Bernanke seen winning second term

The U.S. Senate on Thursday looked poised to narrowly approve Ben Bernanke's nomination to a second term running the world's most powerful central bank, despite misgivings over perceived policy missteps.
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BofA CEO to get 2010 base pay of $950,000: source

Bank of America Corp's new chief executive, Brian Moynihan, will receive a base salary of $950,000 this year, according to a source familiar with his employment agreement.
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Durable goods orders edge up, jobless claims dip

New orders for long-lasting U.S. manufactured goods edged higher in December and the number of workers filing applications for jobless aid fell last week, indicating the economy remains on a recovery path.
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Investors cut back on equities: Reuters poll

Global investors cut back on equities in January in the face of worries about the economy, potentially tighter monetary policy and in reaction to last year's stellar gains.
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Startpage launches anonymous Web search service

Search-engine company Startpage launched a service allowing users concerned about privacy to carry out Web searches and click on linked pages without being identified, tracked or recorded.
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Obama pushes jobs, vows to fight on after tough year

U.S. President Barack Obama pushed job creation to the top of his agenda and vowed not to abandon his struggling healthcare overhaul after a political setback that raised doubts about his leadership.
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P&G, Colgate results beat, consumers spend more

Procter & Gamble Co and Colgate-Palmolive Co boosted sales of their brand name products in the last few months, convincing consumers to spend a little more with a bigger investment in advertising.
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Durable goods orders climb while jobless claims dip

New orders for long-lasting U.S. manufactured goods edged higher last month and the number of workers filing applications for jobless aid fell last week, indicating the economy remains on a steady recovery path.
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Toyota safety recall spreads to Europe, China

Toyota Motor Corp extended its safety recall of millions of its most popular cars to Europe and China on Thursday in a further blow to the reputation of the world's largest auto maker.
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P&G, Colgate top expectations as consumers spend more

Procter & Gamble Co and Colgate-Palmolive Co boosted sales of their brand name products in the last few months, convincing consumers to spend a little more with a bigger investment in advertising.
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P&G, Colgate tops expectations as consumers spend more

Procter & Gamble Co and Colgate-Palmolive Co boosted sales of their brand name products in the last few months, after persuading consumers to spend a little more with a bigger investment in advertising.
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Dec durable goods orders up, jobless claims dip

New orders for long-lasting U.S. manufactured goods rose last month and the number of workers filing applications for unemployment aid fell last week, indicating the economy remains on a steady recovery path.

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