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Business
  News in this category: 60
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News
Stock futures off on economy concerns, dip buying seen (Reuters)
Traders work in the JP Morgan company stall on the floor of the New York Stock Exchange in New York July 15, 2010. REUTERS/Lucas JacksonReuters - Stock index futures eased on Monday after data showing a decline in European private sector activity last month and a lower target for China growth gave investors reason to pause.
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Shareholders to sue Tepco executives for $67 billion (Reuters)
Reuters - Shareholders of Tokyo Electric Power Co Inc, operator of the crippled Fukushima nuclear plant in northeast Japan, are suing the utility's executives for a record 5.5 trillion yen ($67.4 billion) in compensation, lawyers said.
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AIG selling $6 billion of AIA shares, to repay bailout (Reuters)
Reuters - American International Group (AIG) is selling part of its stake in AIA Group to raise about $6 billion to help the U.S. insurer repay a huge federal government bailout.
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China cuts growth target to 8-year low, to boost consumption (Reuters)
Reuters - Chinese Premier Wen Jiabao cut his nation's 2012 growth target to an eight-year low of 7.5 percent and made boosting consumer demand the year's first priority as Beijing looks to wean the economy off its reliance on external demand and foreign capital.
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EU's Barroso says sure Spain will honor commitments (Reuters)
Reuters - European Commission President Jose Manuel Barroso said on Monday he was confident Spain would fulfill its EU budget discipline commitments despite setting itself a softer 2012 deficit target than originally planned.
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TSX may open higher on rising commods (Reuters)
Reuters - Toronto's main stock index looked set to open higher on Thursday buoyed by rising commodity prices and upbeat economic data.
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Economist Sachs seeks job heading World Bank (Reuters)
Reuters - American economist Jeffrey Sachs threw his name into the ring for the presidency of the World Bank on Friday in an unusual public campaign for the top global development job.
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Glencore benefits from price rise for commodities (AP)
AP - Commodities giant Glencore International PLC reported a 7 percent rise in full-year profit Monday, citing rising prices for key raw materials such as oil, copper and wheat, and steadily growing demand in developing countries.
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Analysis: Out of intensive care, Europe risks chronic illness (Reuters)
Reuters - The euro zone is out of the emergency ward, but it may face a chronic debilitating illness rather than a rapid convalescence.
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AIG sells AIA shares to pay $6B off US bailout tab (AP)
AP - American International Group Inc. is selling part of its stake in AIA Group Ltd. to raise $6 billion as it continues to repay the $182 billion government bailout that prevented the company's collapse during the 2008 financial crisis.
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