Business Stories

Greece readies debt swap under bailout deal

By Lila Chotzoglou and Tatiana Fragou ATHENS | Thu Feb 23, 2012 4:07am EST ATHENS (Reuters) – Greece’s parliament will endorse a debt swap with private bondholders on Thursday to help reduce the country’s debt and secure an international bailout, … Continue reading

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HP profit plummets, CEO urges patience

By Poornima Gupta SAN FRANCISCO | Wed Feb 22, 2012 9:30pm EST SAN FRANCISCO (Reuters) – Hewlett-Packard Co’s earnings fell nearly 44 percent and the world’s No. 1 computer maker forecast a second-quarter profit below Wall Street estimates as it … Continue reading

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Burned before, Fed officials cautious on rebound

By Pedro Nicolaci da Costa WASHINGTON | Wed Feb 22, 2012 4:47pm EST WASHINGTON (Reuters) – U.S. central bank officials have good reason to be skeptical about the strength of the economy: excessive optimism has caught them flat-footed before. Despite … Continue reading

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Banks sink on European economic worry

By Rodrigo Campos NEW YORK | Wed Feb 22, 2012 4:45pm EST NEW YORK (Reuters) – Banks led stocks lower on Wednesday as the SP 500 stalled near a 10-month-high after signs of weak European business activity rekindled concerns about … Continue reading

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Wall St closes lower on banks

By Ryan Vlastelica NEW YORK | Wed Feb 22, 2012 4:06pm EST NEW YORK (Reuters) – Banks led stocks lower on Wednesday as the SP 500 stalled near a 10-month-high after signs of weak European business activity rekindled concerns about … Continue reading

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Home resales at 1-1/2 year-high, supply falls

By Lucia Mutikani WASHINGTON | Wed Feb 22, 2012 1:36pm EST WASHINGTON (Reuters) – U.S. home resales rose to a 1-1/2 year high in January, pushing the supply of properties on the market to the lowest level in almost seven … Continue reading

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S&P fails to break key level

By Angela Moon NEW YORK | Wed Feb 22, 2012 1:24pm EST NEW YORK (Reuters) – U.S. stocks fell on Wednesday with the SP 500 stalled near a 10-month-old high after weak data on Europe’s business activity raised concerns about … Continue reading

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Wall Street flat after housing data; S&P near key level

By Chuck Mikolajczak NEW YORK | Wed Feb 22, 2012 12:11pm EST NEW YORK (Reuters) – Stocks were little changed on Wednesday as an encouraging U.S. housing report offset soft euro zone data, while the SP 500 struggled to break … Continue reading

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Existing home sales at 1-1/2 yr-high, supply falls

WASHINGTON | Wed Feb 22, 2012 10:13am EST WASHINGTON (Reuters) – U.S. home resales surged in January to a 1-1/2 year high and the supply of properties on the market was the lowest in almost seven years, pointing to a … Continue reading

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Citi, UBS provide keys to interest rate-rigging probe: sources

By Carrick Mollenkamp Wed Feb 22, 2012 10:17am EST (Reuters) – Citigroup Inc (C.N) and UBS AG (UBSN.VX), in a series of disclosures to law-enforcement officials, have provided crucial information to investigators in multiple countries as part of inquiries into … Continue reading

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