Reuters: Business News
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Fed banks wanted flat discount rate in April, May 
WASHINGTON (Reuters) - All 12 regional Federal Reserve banks asked the central bank's board to hold the cost of emergency Fed loans steady in April and May, with most bank directors expecting the U.S. economy to resume a moderate expansion over the rest of the year. Reuters: Business News, 2007-06-05 19:09:48
WASHINGTON (Reuters) - All 12 regional Federal Reserve banks asked the central bank's board to hold the cost of emergency Fed loans steady in April and May, with most bank directors expecting the U.S. economy to resume a moderate expansion over the rest of the year. Reuters: Business News, 2007-06-05 19:09:48
GM focuses on health-care costs, Delphi deal
WILMINGTON, Delaware (Reuters) - General Motors Corp.'s priorities for this year include concluding a deal to allow its former parts subsidiary Delphi Corp to emerge from bankruptcy and cutting its own health care costs, the automaker's chief executive said on Tuesday. Reuters: Business News, 2007-06-05 19:09:48
WILMINGTON, Delaware (Reuters) - General Motors Corp.'s priorities for this year include concluding a deal to allow its former parts subsidiary Delphi Corp to emerge from bankruptcy and cutting its own health care costs, the automaker's chief executive said on Tuesday. Reuters: Business News, 2007-06-05 19:09:48
Calpers to invest $700 mln in health care
BOSTON (Reuters) - The California Public Employees' Retirement System said on Tuesday it will invest $700 million to help drive down the price of health-care coverage. Reuters: Business News, 2007-06-05 19:09:48
BOSTON (Reuters) - The California Public Employees' Retirement System said on Tuesday it will invest $700 million to help drive down the price of health-care coverage. Reuters: Business News, 2007-06-05 19:09:48
CEOs more cautious in economic view: survey
BOSTON (Reuters) - U.S. chief executives' outlook on the economy dimmed in the second quarter, although they still expect growth, according to a quarterly survey by the Business Roundtable released on Tuesday. Reuters: Business News, 2007-06-05 19:09:48
BOSTON (Reuters) - U.S. chief executives' outlook on the economy dimmed in the second quarter, although they still expect growth, according to a quarterly survey by the Business Roundtable released on Tuesday. Reuters: Business News, 2007-06-05 19:09:48
Whole Foods, Wild Oats to challenge FTC lawsuit
CHICAGO (Reuters) - Whole Foods Market Inc. and Wild Oats Markets Inc. said on Tuesday that they would challenge U.S. anti-competition regulators that plan to file a lawsuit aimed at blocking the supermarket chains' proposed merger. Reuters: Business News, 2007-06-05 19:09:48
CHICAGO (Reuters) - Whole Foods Market Inc. and Wild Oats Markets Inc. said on Tuesday that they would challenge U.S. anti-competition regulators that plan to file a lawsuit aimed at blocking the supermarket chains' proposed merger. Reuters: Business News, 2007-06-05 19:09:48
RBS not in talks with BofA
LONDON (Reuters) - Royal Bank of Scotland said it was not in talks with Bank of America regarding an attempt to resolve the purchase of LaSalle Bank, the U.S. arm of ABN AMRO which is a subject of dispute in the proposed RBS buyout of ABN. Reuters: Business News, 2007-06-05 19:09:48
LONDON (Reuters) - Royal Bank of Scotland said it was not in talks with Bank of America regarding an attempt to resolve the purchase of LaSalle Bank, the U.S. arm of ABN AMRO which is a subject of dispute in the proposed RBS buyout of ABN. Reuters: Business News, 2007-06-05 19:09:48
SEC says IBM misled investors on expenses
SAN FRANCISCO (Reuters) - IBM misled investors by overestimating the impact of stock-based compensation expenses on quarterly earnings in 2005, the U.S. Securities and Exchange Commission said on Tuesday. Reuters: Business News, 2007-06-05 19:09:48
SAN FRANCISCO (Reuters) - IBM misled investors by overestimating the impact of stock-based compensation expenses on quarterly earnings in 2005, the U.S. Securities and Exchange Commission said on Tuesday. Reuters: Business News, 2007-06-05 19:09:48
Wall Street drops on rate concerns
NEW YORK (Reuters) - Stocks fell on Tuesday after signs of strength in the services sector and comments from Federal Reserve Chairman Ben Bernanke diminished expectations of an interest rate cut, with surging bond yields adding to concerns. Reuters: Business News, 2007-06-05 19:09:48
NEW YORK (Reuters) - Stocks fell on Tuesday after signs of strength in the services sector and comments from Federal Reserve Chairman Ben Bernanke diminished expectations of an interest rate cut, with surging bond yields adding to concerns. Reuters: Business News, 2007-06-05 19:09:48
Inflation to ebb but risks remain: Bernanke
WASHINGTON (Reuters) - The economy is set to grow at a sluggish pace in coming months but there are risks that elevated levels of inflation excluding food and energy may not recede, Federal Reserve Chairman Ben Bernanke said on Tuesday. Reuters: Business News, 2007-06-05 19:09:48
WASHINGTON (Reuters) - The economy is set to grow at a sluggish pace in coming months but there are risks that elevated levels of inflation excluding food and energy may not recede, Federal Reserve Chairman Ben Bernanke said on Tuesday. Reuters: Business News, 2007-06-05 19:09:48
Investor Burkle eyes bid for Dow Jones: union
NEW YORK (Reuters) - Los Angeles billionaire Ron Burkle has joined Dow Jones & Co. Inc. employees to try to counter a $5 billion bid for the company from Rupert Murdoch's News Corp. , a union official said on Tuesday. Reuters: Business News, 2007-06-05 19:09:48
NEW YORK (Reuters) - Los Angeles billionaire Ron Burkle has joined Dow Jones & Co. Inc. employees to try to counter a $5 billion bid for the company from Rupert Murdoch's News Corp. , a union official said on Tuesday. Reuters: Business News, 2007-06-05 19:09:48