Business News: Stocks rally as jobs data spurs optimism NEW YORK (Reuters) - Wall Street closed a stellar week on Friday after recent economic data, including a stronger-than-expected labor market report, bolstered optimism that the economy would not fall back into recession.
Fri, 03 Sep 2010 20:07:23 -0400 Venezuela OKs payment for French retailer Casino CARACAS (Reuters) - Venezuelan President Hugo Chavez has approved a $690 million payment to French retailer Casino and other owners of a supermarket chain nationalized earlier this year, state media said on Saturday.
Sat, 04 Sep 2010 17:09:56 -0400 Taxpayers likely to face initial loss on GM IPO: sources NEW YORK/DETROIT (Reuters) - The U.S. government is likely to take a loss on General Motors Co in the first offering of the automaker's stock, six people familiar with preparations for the landmark IPO said.
Fri, 03 Sep 2010 19:33:47 -0400 China tells state companies to explore Potash bid TORONTO/HONG KONG (Reuters) - Chinese officials have ordered state companies to meet investment bankers to explore ways to block BHP Billiton's $39 billion bid for Potash Corp, a source with direct knowledge of the matter said.
Fri, 03 Sep 2010 23:09:42 -0400 Obama says his economic policies halted "bleeding" WASHINGTON (Reuters) - President Barack Obama, previewing a big push on the U.S. economy next week, on Saturday defended policies that he said "have stopped the bleeding" and put the middle class on the road to recovery.
Sat, 04 Sep 2010 22:12:06 -0400 Anglo Irish Bank to be "decommissioned": minister DUBLIN (Reuters) - Nationalized Anglo Irish Bank will be "decommissioned," with a decision on its fate expected within a few weeks, a junior government minister was quoted on Saturday as saying.
Sat, 04 Sep 2010 06:32:16 -0400 Japan Noda warns on yen, suggests joint steps difficult TOKYO (Reuters) - Japanese Finance Minister Yoshihiko Noda said on Saturday Tokyo would take decisive steps to stem the yen's rise when needed, while suggesting that coordinated currency market intervention was a difficult option.
Sat, 04 Sep 2010 07:15:40 -0400 G20 members agree economic recovery to continue GWANGJU, South Korea (Reuters) - G20 delegates agreed on Saturday global economic recovery would endure although the speed of expansion may slow, a South Korean official said.
Sat, 04 Sep 2010 08:53:17 -0400 Madoff investors win $12.74 mln in Merkin case NEW YORK (Reuters) - Investors in Gabriel Capital LP, a so-called feeder fund that funneled money to imprisoned swindler Bernard Madoff, were awarded $12.74 million by a panel of three arbitrators, court records show.
Fri, 03 Sep 2010 21:14:57 -0400 Payrolls data offer ray of hope for recovery WASHINGTON (Reuters) - U.S. employment fell for a third straight month in August, but the drop was far less than expected and private hiring was a positive surprise, relieving concerns about a stalling economic recovery.
Fri, 03 Sep 2010 19:24:16 -0400
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