Air Canada reaches tentative pact with union

Air Canada reaches tentative pact with union (Reuters)

Posted: 01 Aug 2011 05:31 PM PDT

Reuters - Air Canada said it has reached a tentative agreement relating to compensation and benefits with the union that represents its flight attendants.

Wall St. cuts losses, ends down as debt vote looms (Reuters)

Posted: 01 Aug 2011 01:52 PM PDT

Reuters - The S&P 500 fell for a sixth day on Monday as time runs out for the government to pass a deal to avoid default and the economy showed further signs of stalling.

U.S. business hopes debt deal clears way for trade (Reuters)

Posted: 01 Aug 2011 01:42 PM PDT

Reuters - A deal to raise the U.S. debt ceiling after weeks of tough talks between the White House and Congress has raised hope leaders will now turn their attention to resolving difference blocking three long-delayed trade deals, U.S. business groups said on Monday.

Debt deal could spur relief rally

Debt deal could spur relief rally (Reuters)

Posted: 31 Jul 2011 02:29 PM PDT

Reuters - A deal involving up to $3 trillion in deficit cuts over a decade that would let U.S. lawmakers raise the U.S. borrowing limit and avoid default could spur a relief rally in Wall Street stocks and a rise in U.S. government yields on Monday.

Default cloud hangs over U.S. job market (Reuters)

Posted: 31 Jul 2011 02:57 PM PDT

Reuters - The terrifying prospect of a U.S. debt default has left a cloud over businesses already reeling from the economy's tepid performance, and likely left them reluctant to ramp up hiring in July.

Futures bounce as investors sense debt deal (Reuters)

Posted: 31 Jul 2011 04:11 PM PDT

Reuters - U.S. stock index futures jumped at the start of electronic trading on Sunday evening as investors bet that lawmakers in Washington were set to reach a deal on raising the country's debt limit.

Debt and data suggest more losses

Debt and data suggest more losses (Reuters)

Posted: 30 Jul 2011 02:02 PM PDT

Reuters - Stocks are likely to face more selling pressure next week as the Tuesday deadline draws near for raising the U.S. debt ceiling and Washington remains paralyzed by political brinkmanship.

Billionaire Wilbur Ross downplays downgrade threat (Reuters)

Posted: 30 Jul 2011 08:18 AM PDT

Reuters - A downgrade of sovereign debt would not necessarily have a big impact on financial markets, billionaire investor Wilbur Ross said.

German finance minister: Greek deal no transfer union (Reuters)

Posted: 30 Jul 2011 09:35 AM PDT

Reuters - German Finance Minister Wolfgang Schaeuble denied on Saturday that this month's Greek bailout deal paves the way for a future 'transfer union' in which euro zone countries are liable for each others' debts.

Wall Street Week Ahead: Debt and data suggest more losses

Wall Street Week Ahead: Debt and data suggest more losses (Reuters)

Posted: 29 Jul 2011 02:17 PM PDT

Reuters - Stocks are likely to face more selling pressure next week as the Tuesday deadline draws near for raising the U.S. debt ceiling and Washington remains paralyzed by political brinkmanship.

Wall Street ends worst week in year on debt stalemate (Reuters)

Posted: 29 Jul 2011 02:25 PM PDT

Reuters - Stocks ended the worst week in a year as time runs out on Washington to reach agreement before the government loses its ability to borrow money.

Growth anemic, debt row poses recession risk (Reuters)

Posted: 29 Jul 2011 02:35 PM PDT

Reuters - The economy stumbled badly in the first half of 2011 and came dangerously close to contracting in the January-March period, raising the risk of a recession if a standoff over the nation's debt does not end quickly.

Buyers exit market before House debt plan vote

Buyers exit market before House debt plan vote (Reuters)

Posted: 28 Jul 2011 02:39 PM PDT

Reuters - Stocks faded in the afternoon on Thursday to end mostly lower, with investors skeptical a key vote by Congress would lead to a deal to avoid a U.S. default.

Starbucks raises outlook, pins hopes on the affluent (Reuters)

Posted: 28 Jul 2011 05:34 PM PDT

Reuters - Starbucks Corp raised its fiscal year forecast above Wall Street's estimates, banking on its relatively well-heeled customers visiting more often and shaking off price increases.

Jobless claims, housing data offer economic hope (Reuters)

Posted: 28 Jul 2011 10:10 AM PDT

Reuters - The number of Americans claiming new jobless benefits hit a three-month low last week and contracts to buy existing homes rose in June, hopeful signs for an economy that has struggled to regain momentum.

Deadlock, durables, dismal earnings hit Wall Street

Deadlock, durables, dismal earnings hit Wall Street (Reuters)

Posted: 27 Jul 2011 02:38 PM PDT

Reuters - Wall Street suffered its worst day in eight weeks on Wednesday, hit by weak earnings, lackluster economic data and no movement in Washington talks as the deadline for a U.S. default looms.

Visa rolls out new fee program (Reuters)

Posted: 27 Jul 2011 06:51 PM PDT

Reuters - Visa Inc's quarterly profit rose by 40 percent, and the world's largest payment processor said it would introduce a new fee structure for U.S. merchants.

Debt talks buffet stocks, but chipmakers shine

Debt talks buffet stocks, but chipmakers shine (Reuters)

Posted: 26 Jul 2011 02:24 PM PDT

Reuters - The stalemate in debt talks dragged down stocks for a second day on Tuesday, and light volume showed investors remained reluctant to make bets despite another round of healthy earnings.

Amazon revenue, spending surges; stock jumps (Reuters)

Posted: 26 Jul 2011 06:01 PM PDT

Reuters - Amazon.com Inc will use its surging revenue to boost growth and drive expansion into areas such as Web content and cloud computing rather than boost its margins.

U.S. likely to lose top rating: economists (Reuters)

Posted: 26 Jul 2011 05:02 PM PDT

Reuters - The United States will lose its top-notch AAA credit rating from at least one major rating agency, according to a Reuters poll that also found wrangling over the debt ceiling has already damaged the economy.

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Debt standoff pressures stocks, drives wary mood (Reuters)

Posted: 25 Jul 2011 02:03 PM PDT

Reuters - Stocks dipped on Monday as lawmakers remained in a standoff over raising the debt ceiling to avoid default, but investors were convinced a compromise will be reached before next week's critical deadline.

Netflix shares down after outlook disappoints (Reuters)

Posted: 25 Jul 2011 04:27 PM PDT

Reuters - Netflix Inc, facing a backlash from customers upset over a price hike, warned its subscriber growth would cool down in the third quarter, and its shares fell 10 percent.

Obama calls for compromise on debt (Reuters)

Posted: 25 Jul 2011 06:20 PM PDT

Reuters - President Barack Obama said on Monday a temporary six-month extension of debt ceiling does not solve the problem and might not be enough to avoid credit downgrade.

Wall St Week Ahead: Markets edgy on debt talk stalemate

Wall St Week Ahead: Markets edgy on debt talk stalemate (Reuters)

Posted: 24 Jul 2011 01:03 PM PDT

Reuters - Much of the United States may be frying in near-record temperatures but Wall Street has been feeling the heat for months. Wrangling over the debt ceiling has kept markets on edge, and investors are still waiting for a breakthrough that leads to a deal to avoid a devastating default.

Lawmakers still divided as debt deadline looms (Reuters)

Posted: 24 Jul 2011 06:26 PM PDT

Reuters - Lawmakers failed to achieve a budget breakthrough on Sunday and instead worked on rival plans in an impasse that heightened prospects for a catastrophic debt fault.

Analysis: Markets to hold U.S. feet to fire as default threatens (Reuters)

Posted: 24 Jul 2011 10:23 AM PDT

Reuters - Global financial markets have been more than patient throughout this summer's struggle over raising the U.S. debt ceiling. That patience may run out on Monday.

BSkyB chair James Murdoch backed by investor Odey

BSkyB chair James Murdoch backed by investor Odey (Reuters)

Posted: 23 Jul 2011 03:33 PM PDT

Reuters - A leading investor in BSkyB said he backs James Murdoch staying as chairman of the pay-TV firm despite politicians questioning his suitability, the Telegraph newspaper web site reported on Saturday.

Fed, Treasury officials met to discuss US default (AP)

Posted: 22 Jul 2011 11:50 AM PDT

AP - Officials from the Federal Reserve and U.S. Treasury met Friday to discuss what would happen if the nation defaults on its debt, a scenario that could occur next month if Congress doesn't raise the nation's borrowing limit.

Protest marches converge on Spain's capital (AP)

Posted: 23 Jul 2011 10:42 AM PDT

AP - Several hundred Spaniards angry about their country's economic crisis protested on the outskirts of Madrid Saturday after spending about a month marching to the capital from their hometowns.

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Feeling the heat on debt, earnings (Reuters)

Posted: 22 Jul 2011 03:20 PM PDT

Reuters - New York City may be frying in near record temperatures but Wall Street has been feeling the heat for months. Wrangling over the debt ceiling and questions marks over corporate earnings mean markets are unlikely to get a break any time soon.

Wall Street, companies brace for the worst: a U.S. default (Reuters)

Posted: 22 Jul 2011 04:49 PM PDT

Reuters - American businesses, from Wall Street banks to major industrial corporations, are preparing contingency plans for a pair of once-unthinkable events: the United States defaulting on its debt and the loss of the nation's top AAA credit rating.

Thomson Reuters shakes up Markets division (Reuters)

Posted: 22 Jul 2011 03:05 PM PDT

Reuters - Five more senior executives are leaving Thomson Reuters Corp in a shake-up of its Markets division, which has posted disappointing revenue growth amid slow sales of a key new product.

U.S. debt news and euro debt agreement fuel rally

U.S. debt news and euro debt agreement fuel rally (Reuters)

Posted: 21 Jul 2011 02:20 PM PDT

Reuters - Stocks climbed on Thursday as signs of progress on the U.S. debt talks and concrete action from Europe on its own debt crisis heartened investors.

Microsoft Windows fizzles as PC fears loom (Reuters)

Posted: 21 Jul 2011 05:02 PM PDT

Reuters - Sales of Microsoft Corp's flagship Windows software disappointed for the third straight quarter, taking the gloss off better-than-expected earnings that were aided by an unusually low tax rate.

Exclusive - Access, Sony, Universal weigh EMI bids (Reuters)

Posted: 21 Jul 2011 03:29 PM PDT

Reuters - Len Blavatnik's Access Industries, Sony Music Entertainment and Vivendi SA's Universal Music Group are among the music companies and private equity firms interested in buying EMI Group Ltd , people familiar with the situation said.

Euro up on Greece deal hopes, gold off highs

Euro up on Greece deal hopes, gold off highs (Reuters)

Posted: 20 Jul 2011 06:41 PM PDT

Reuters - The euro climbed a third day on Thursday as a deal between France and Germany over a bailout of Greece raised hopes ahead of a major European summit, though investors barely moved from government bonds and precious metals.

Germany, France reach accord on Greek bailout (Reuters)

Posted: 20 Jul 2011 06:41 PM PDT

Reuters - Germany and France have reached a common position on a second bailout of Greece in their effort to prevent the country's debt crisis from spreading through Europe, officials said on Thursday.

Asian stocks gain on U.S. debt deal hopes, tech results

Asian stocks gain on U.S. debt deal hopes, tech results (Reuters)

Posted: 19 Jul 2011 06:48 PM PDT

Reuters - Asian shares rose on Wednesday as indications of progress on a U.S. budget-reduction deal boosted investor confidence while encouraging quarterly numbers from Apple Inc and International Business Machines Corp helped Asia's beaten-down tech sector gain for a second day.

Apple smashes Street views, shares soar (Reuters)

Posted: 19 Jul 2011 06:44 PM PDT

Reuters - Blockbuster sales of the iPhone and strong Asian business again helped Apple Inc crush Wall Street's expectations, driving its shares up more than 7 percent to a record high and boosting Asian stocks.

Analysis: Is it too early to write off Rupert Murdoch as CEO? (Reuters)

Posted: 19 Jul 2011 06:16 PM PDT

Reuters - It looked like it was time for a changing of the guard at News Corp.

Wall Street drops on global debt woes

Wall Street drops on global debt woes (Reuters)

Posted: 18 Jul 2011 01:48 PM PDT

Reuters - Stocks dropped on Monday as bank shares bore the brunt of investor frustration over governments' inability to solve debt crises in the United States and Europe.

Special report: Banks continue robo-signing (Reuters)

Posted: 18 Jul 2011 03:24 PM PDT

Reuters - America's leading mortgage lenders vowed in March to end the dubious foreclosure practices that caused a bruising scandal last year.

News Corp directors back Murdoch: board source (Reuters)

Posted: 18 Jul 2011 06:30 PM PDT

Reuters - News Corp independent directors are fully behind Rupert Murdoch and his management team and are not drawing up plans to promote Chief Operating Officer Chase Carey to the position of CEO, a board member told Reuters on Monday.

Stocks stymied without a debt deal

Stocks stymied without a debt deal (Reuters)

Posted: 17 Jul 2011 07:54 AM PDT

Reuters - Stocks will be hard pressed to turn the tide of recent selling this week as political jousting over raising the United States' debt ceiling intensifies.

Marching toward a precipice (Reuters)

Posted: 17 Jul 2011 04:01 PM PDT

Reuters - Treasury bonds could soon lose the privilege of being the only debt securities in the world whose value actually rises on the threat of a ratings downgrade.

Ratings agencies rattle cages in U.S., Europe (Reuters)

Posted: 17 Jul 2011 08:58 AM PDT

Reuters - The credit ratings agencies are again angering governments, but this time they are taking on the big fish of the world economy.

Stocks stymied without a U.S. debt deal

Stocks stymied without a U.S. debt deal (Reuters)

Posted: 16 Jul 2011 04:46 AM PDT

Reuters - Stocks will be hard pressed to turn the tide of recent selling next week as political jousting over raising the United States' debt ceiling intensifies.

Greek PM says time for Europe to wake up: report (Reuters)

Posted: 16 Jul 2011 10:09 AM PDT

Reuters - Greece's Prime Minister George Papandreou ruled out bankruptcy for his debt-choked country and said it was time for Europe to wake up and take brave decisions, according to a newspaper interview to be published on Sunday.

ECB's Bini Smaghi favours EFSF debt buybacks (Reuters)

Posted: 16 Jul 2011 11:55 AM PDT

Reuters - Allowing the EFSF bailout mechanism to buy back bonds from the secondary market would help deal with Europe's debt crisis, European Central Bank Executive Board member Lorenzo Bini Smaghi told a Greek newspaper.

Google lifts Wall Street in otherwise rough week

Google lifts Wall Street in otherwise rough week (Reuters)

Posted: 15 Jul 2011 01:32 PM PDT

Reuters - Google's blowout quarter led the Nasdaq higher on Friday but mounting uncertainty about the government's ability to reach a debt-reduction deal may keep investors at bay in the coming week.

S&P threatens downgrade of U.S. financial companies (Reuters)

Posted: 15 Jul 2011 02:46 PM PDT

Reuters - Standard & Poor's on Friday raised the pressure on debt negotiators in Washington, saying it could downgrade insurers, securities clearinghouses, mortgage agencies and a laundry list of other firms without a deal soon to lift the debt ceiling and cut the deficit.

Barclays appeals $4 billion owed to Lehman trustee (Reuters)

Posted: 15 Jul 2011 02:15 PM PDT

Reuters - Barclays Plc is appealing a judge's ruling that handed the trustee for Lehman Brothers Holdings Inc's brokerage arm about $4 billion related to the rushed purchase of the failed investment bank's North American business.

Bernanke halts Wall Street rally; Google soars late

Bernanke halts Wall Street rally; Google soars late (Reuters)

Posted: 14 Jul 2011 04:23 PM PDT

Reuters - Stocks fell on Thursday as Fed Chairman Ben Bernanke backed off hints additional near-term stimulus could be on the way, removing a possible catalyst from a market already facing plenty of obstacles.

Google smashes Street expectations, shares surge (Reuters)

Posted: 14 Jul 2011 04:15 PM PDT

Reuters - Google Inc's results soundly trounced Wall Street's most bullish expectations, sending its shares up 12 percent and easing concerns that its battle with Facebook and Twitter is costing too much and hindering growth.

S&P warns of downgrade if no debt deal reached (Reuters)

Posted: 14 Jul 2011 06:40 PM PDT

Reuters - Ratings agency Standard & Poor's has warned there is a one-in-two chance it could cut the United States' prized triple-A rating if a deal on raising the government's debt ceiling is not agreed soon.

Wall Street ends higher; Moody's warning hits futures

Wall Street ends higher; Moody's warning hits futures (Reuters)

Posted: 13 Jul 2011 03:31 PM PDT

Reuters - Stocks stopped a three-day slide on Wednesday, but the market is likely to get hit in the coming session after Moody's said it could cut the United States' prized triple-A credit rating.

Moody's puts U.S. ratings on review for downgrade (Reuters)

Posted: 13 Jul 2011 03:39 PM PDT

Reuters - The United States may lose its top-notch credit rating in the next few weeks if lawmakers fail to increase the country's legal borrowing limit and the government misses debt payments, Moody's Investors Service warned on Wednesday.