At Buffett gala, all that glitters is not Goldman
Almost two decades ago, as interim chairman of Salomon Inc, Warren Buffett worked to restore order at the Wall Street firm after a Treasury auction scandal. Integrity mattered more to him than a few dollars lost.
BofA holders OK one of seven shareholder proposals
Bank of America Corp investors peppered Chief Executive Officer Brian Moynihan with questions and complaints about its lending policies and dividend, but they rejected all but one of seven shareholder proposals at the company's annual meeting on Wednesday.
GOP blocks Senate financial reform for 3rd day
Senate Republicans blocked progress on landmark financial reform legislation for a third day on Wednesday, prompting Democrats to schedule an unusual overnight session to weaken resistance.
Goldman stock dead money at best, Calamos says
Calamos Investments sold its Goldman Sachs Group Inc holdings when the news of the civil fraud charges against the bank hit, fearing the stock was at best dead money, Co-Chief Investment Officer Nick Calamos said on Wednesday.
Could growth trump unemployment in election?
If the unemployment rate remains high, it is received political wisdom that President Barack Obama's ruling Democrats will be punished by the voters in congressional elections in November.
Europe charts route for electric car roll-out
Europe took the first steps toward a massive roll-out of electric vehicles on Wednesday, backing up past rhetoric with plans for pan-European standards that the industry has cried out for.
Forex - Fed renews low rate promise, upbeat on economy
The Federal Reserve offered a more upbeat view of the U.S. economy and employment prospects on Wednesday, even as it left interest rates on hold near zero and promised to keep them low for an extended period.
Fed renews low rate promise, upbeat on economy
The Federal Reserve offered a more upbeat view of the U.S. economy and employment prospects on Wednesday, even as it left interest rates on hold near zero and promised to keep them low for an extended period.
Greece ready to take steps to beat crisis
ATHENS, April 28 (Reuters) - Greek Prime Minister George Papandreou said the euro zone member state was ready to make the changes needed to emerge from its debt crisis.
Apple to host conference in June: new iPhone expected
Apple Inc will host its annual developers conference starting June 7, where the company is expected to unveil the latest version of the iPhone.
Dow Chemical profit, revenue spike; shares jump
Dow Chemical Co posted a stronger than expected first-quarter profit on Wednesday as higher pricing and volume pushed revenue up around the globe, news that lifted shares more than 5 percent.
Honda cautious as rivalry heats up
Honda Motor Co forecast a smaller-than-expected 10 percent rise in full-year operating profit on Wednesday, warning tough competition would dent gains from improving sales in the United States and China.
Fed holds rates steady; economic view brighter
The Federal Reserve on Wednesday left interest rates near zero and renewed a promise to keep them low for an extended period, though it sounded more upbeat on the economic recovery and jobs.
AOL reports profit, but ad revenue still weak
Investors sent AOL Inc shares down sharply on Wednesday on lower than expected first-quarter revenue and as the company warned that advertising sales would remain under pressure through the rest of the year.
-Dow, S&P snap back after Spain scare, banks up
The Dow and the S&P 500 recovered after a sharp selloff on Wednesday, sparked by a credit downgrade of Spain, as investors scooped up beaten-down shares of financial companies.
Kenya's Safaricom says to move to IP network in 2 years
Leading Kenyan mobile phone operator Safaricom plans to move to an Internet protocol network in the next two years to help lower costs and reduce outages, its chief executive said on Wednesday.
Dow, S&P snap back after Spain scare, banks up
The Dow and the S&P 500 recovered after a sharp selloff on Wednesday, sparked by a credit downgrade of Spain, as investors scooped up beaten-down shares of financial companies.
This Week In Petroleum - Refinery Outage Outlook for Spring 2010
Last month, EIA published its semiannual report on the possible impacts of refinery outages on gasoline and diesel fuel markets for March through June 2010. The report focuses on gasoline because U.S. gasoline consumption typically increases during these months. Historically, large gasoline price increases can occur during the spring and early summer and refinery outages have sometimes played a role in those increases. The same outage during a tight market can have a more significant effect tha...
GE CEO says business, not consumers, to lead recovery
General Electric Co believes that investment by businesses, rather than consumer spending, will drive the U.S. economy out of its worst downturn since the Great Depression, its top executive said on Wednesday.
CSL flu vaccine under investigation
A thorough investigation into CSL Ltd's seasonal flu vaccine that includes the H1N1 pandemic strain is now being performed by Australia's drug regulator, after the flu shots were linked with adverse reactions in children.
Senate to vote again on bank reform: Reid
For a third consecutive day, the U.S. Senate will hold a procedural vote to try to take up a sweeping reform of banking rules, Majority Leader Harry Reid said on Wednesday.
Poor diet increases cancer risk
Australia has been warned by a leading international cancer expert that it is on a cancer collision course, with a great increase in cancer cases predicted within the next 20 years unless action is taken to curb the obesity epidemic.
GE CEO says growth and dividend hike ahead
General Electric Co is returning to good, solid earnings growth and plans to raise its dividend at least by 2011, chief executive Jeff Immelt told investors on Wednesday.
The swine flu theory behind bad reactions to flu vaccine
The exposure to last year's swine flu outbreak may have caused children to be more susceptible to experiencing severe reactions that are now manifested through recent influenza vaccinations.
Wall Street erases gains after Spain downgrade
Wall Street erased most gains on Wednesday after Spain's rating was downgraded as investors awaited Federal Reserve comments at the end of a two-day policy meeting.
Exercise to keep your mental health fit
The number one cause of death in Australia for men under 45 is not due to road fatalities or any kind of physical disease. It is suicide and the statistics are disturbing.
Northrop, General Dynamics top estimates
Defense contractors Northrop Grumman Corp and General Dynamics posted better-than-expected quarterly earnings on Wednesday as segments that had been a drag on performance showed signs of improvement.
Bronwyn Collins sees hope after battle with depression
Bronwyn Collins, 21 year-old beyondblue ambassador says it's no small thing talking publicly about one's depression.
AOL reports profit, ad revenue still weak
AOL Inc reported a lower first-quarter profit on declines in revenue and advertising sales as it continues to restructure as an independent company.
Yahoo likes location services, mum on Foursquare
Web company Yahoo said services that allow consumers to find local information based on the location of their mobile phone were very interesting but would not comment on reports it may buy industry player Foursquare.