| Toyota to end California plant production
August 27, 2009 at 8:55 pm
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| WASHINGTON (Reuters) - Toyota Motor Corp will end production at a California plant it has shared with General Motors for 25 years, prompting regret and criticism from labor and politicians facing more job losses in an industry and a state pummeled by recession. |
| AT&T, union reach tentative agreement
August 27, 2009 at 7:16 pm
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| NEW YORK (Reuters) - AT&T Inc and the Communications Workers of America union have reached a tentative agreement covering some 7,000 to 8,000 of telecommunications company's the U.S. core wireline employees. |
| CFTC delays first expanded trader report: source
August 27, 2009 at 5:38 pm
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| WASHINGTON (Reuters) - The Commodity Futures Trading Commission will not release its first expanded trader report by the end of August, as the regulator initially had planned, a CFTC source said on Thursday. |
| Dell results better than expected, shares jump
August 27, 2009 at 4:34 pm
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| SAN FRANCISCO (Reuters) - Dell Inc reported better-than-expected profit and sales, and said revenue should rise through the second half of the year, sending shares of the world's No. 2 PC maker up 7 percent on Thursday. |
| AIG shares soar 30 percent on CEO comments
August 27, 2009 at 12:05 pm
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| (Reuters.com) -- Shares in American International Group soared 30 percent on Thursday after new Chief Executive Officer Robert Benmosche told Reuters he did not favor a fire sale of the bailed-out insurer's assets and that in a year people will say AIG is performing well. |
| U.S. economy shrinks less, jobless claims fall
August 27, 2009 at 12:04 pm
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| WASHINGTON (Reuters) - The U.S. economy shrank less than expected in the second quarter, despite a record drop in inventories, and fewer workers filed new claims for jobless benefits last week, a sign the economy was starting to heal. |
| Ford adds shifts at two U.S. truck plants
August 27, 2009 at 12:04 pm
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| DETROIT (Reuters) - Ford Motor Co said on Thursday it is adding shifts at its truck plants in Michigan and Missouri in response to increased demand for its F-150 pickup trucks and Escape SUVs. |
| Allen Stanford hospitalized, CFO Davis pleads guilty
August 27, 2009 at 12:00 pm
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| HOUSTON (Reuters) - A top aide to accused swindler Allen Stanford entered the first guilty plea on Thursday in a $7 billion fraud case as Stanford was hospitalized with an "extremely high" heart rate. |
| U.S. problem bank list hits 416, insurance fund falls
August 27, 2009 at 11:52 am
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| WASHINGTON (Reuters) - The number of problem U.S. banks and thrifts on an official watchlist rose sharply to 416 in the second quarter of 2009 from 305 in the prior quarter, as the industry recorded a $3.7 billion loss. |
| AOL picks former Time Warner cable exec as CFO
August 27, 2009 at 10:46 am
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| NEW YORK (Reuters) - Time Warner Inc's AOL division named a former Time Warner Cable Inc executive as its chief financial officer ahead of the expected spinoff of the Internet unit later this year. |
| Boeing sees 787 flight this year, expects charge
August 27, 2009 at 10:40 am
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| ATLANTA (Reuters) - Boeing Co said on Thursday its 787 Dreamliner would make its first flight by the end of this year, with initial delivery expected in the fourth quarter of 2010, and its shares shot up 8 percent. |
| Stock futures edge lower ahead of GDP, jobs data
August 27, 2009 at 7:24 am
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| NEW YORK (Reuters) - Stock index futures edged lower on Thursday ahead of data expected to show that the U.S. economy shrank in the second quarter while the number of jobless claims improved slightly. |
| Homebuilder Toll's loss widens
August 27, 2009 at 7:18 am
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| (Reuters) - Luxury home builder Toll Brothers Inc reported a wider quarterly loss on Thursday, reflecting charges for writing down land values. |
| John Paulson buying Citigroup shares: report
August 27, 2009 at 7:16 am
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| (Reuters) - Hedge fund manager John Paulson, who bet against financial companies after foreseeing the credit crisis, has been buying Citigroup Inc shares over the past few weeks, the New York Post reported, citing sources. |
| U.S. steadying, housing no longer drags: Fed's Lacker
August 27, 2009 at 7:13 am
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| DANVILLE, Virginia (Reuters) - Richmond Federal Reserve President Jeffrey Lacker was quoted on Thursday as saying the U.S. economy was stabilizing after a painful recession and the shattered housing market will no longer be a drag on economic activity. |
| Nokia unveils its first Linux phone
August 27, 2009 at 7:02 am
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| HELSINKI (Reuters) - The world's largest handset maker Nokia unveiled on Thursday its first high-end phone running on Linux software. |
| Acer Q2 results show risks of cheap netbooks
August 27, 2009 at 6:52 am
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| TAIPEI (Reuters) - As global PC brands fight it out in the market for cheap, mini-laptops, Acer's quarterly results show not all is good news even in a robust market. |
| Fragile air traffic recovery under way: IATA
August 27, 2009 at 6:09 am
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| GENEVA (Reuters) - A recovery in air traffic is under way, according to latest data from a global industry body, in another sign the world economy is clawing its way out of recession. |
| Time Warner Cable to test TV on the Internet: report
August 27, 2009 at 2:31 am
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| (Reuters) - Time Warner Cable Inc has signed up at least seven large media companies for a test that will offer television programs on the Internet to paying subscribers, the Wall Street Journal said on Thursday, citing people familiar with the matter. |
| Feinberg to formally approve AIG CEO pay next week: report
August 27, 2009 at 12:47 am
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| (Reuters) - The $10.5 million pay package for American International Group Inc's new chief executive Robert Benmosche will likely be approved formally by the U.S. government's compensation czar Kenneth Feinberg next week, the Wall Street Journal said, citing people familiar with the matter. |
| Oil falls towards $71 on U.S. stockbuild; China eyed
August 26, 2009 at 11:09 pm
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| SINGAPORE (Reuters) - Oil fell toward $71 on Thursday, extending losses by more than $3 after touching a 10-month high this week, as rising crude and diesel stocks eclipsed healthy economic data from the United States and Europe. | | | 
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