Category Archives: Markets
MoneyGram settles fraud allegations with DoJ
(Reuters) – Payment services company MoneyGram International Inc said it reached a $100 million settlement with U.S. authorities related to suspected fraudulent transactions by some agents. The settlement, which also involves the appointment of an … continue…
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EADS quarterly earnings beat forecasts
(Reuters) – Europe’s EADS (EAD.PA) unveiled stronger-than-expected third-quarter earnings boosted by planemaker unit Airbus on Thursday and reaffirmed its financial targets, in a back-to-basics presentation following the failure of merger talks with BAE. Tom Enders, … continue…
Siemens aims to save 6 billion euros by 2014
(Reuters) – Germany’s Siemens said it aims to save 6 billion euros ($7.65 billion) by 2014, more than expected, as the engineering conglomerate fights to stay competitive in a weak global economy. Munich-based Siemens said … continue…
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Global shares gain, dollar slips after Obama win
(Reuters) – World shares and gold rallied while the dollar fell on Wednesday after President Barack Obama was re-elected for a second term, signaling no dramatic shift in U.S. economic policy. Gains in Europe’s main … continue…
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Americans hand Obama a second term, challenges await
(Reuters) – President Barack Obama won a second term in the White House on Tuesday, overcoming deep doubts among voters about his handling of the U.S. economy to score a clear victory over Republican challenger … continue…
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U.S. markets want clear decision from presidential vote
(Reuters) – Traders and investors seem to agree on one thing about Tuesday’s U.S. presidential election: The markets want a clear winner by Wednesday morning. The most recent Reuters/Ipsos tracking poll shows a tight national … continue…
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Suzuki to end car sales in U.S., focus on motorcycles
(Reuters) – Japan’s Suzuki Motor Corp (7269.T) will pull the plug on its unprofitable automobile sales business in the United States after nearly three decades, hurt by a strong yen and a limited choice of … continue…
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Luxury carmaker BMW starts to feel industry pain
(Reuters) – BMW (BMWG.DE), the world’s largest premium carmaker, warned it was starting to feel the pain of a sickly European market, overshadowing strong quarterly results and a forecast record annual profit. Chief Executive Norbert … continue…
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Wall Street ticks down ahead of election
(Reuters) – Stocks slipped in low volume on Monday as traders awaited Tuesday’s U.S. election to place bets on sectors seen performing better under one or the other political party. Democratic President Barack Obama and … continue…
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G20 flags U.S. fiscal cliff, Europe’s debt woes
(Reuters) – Finance chiefs of the world’s 20 leading economies are ringing alarm bells over the U.S. fiscal cliff and Europe’s debt woes at a meeting in Mexico this weekend as they look to push … continue…
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