NEW YORK (Reuters) - Two years ago, a poisonous brew of bad economics, lax regulation, and egregious behavior boiled over, scalding the financial system and pitching the United States into its steepest downturn since the Great Depression.
The antidotes to the crisis, concocted by many of the players who stirred the ...More
BOCA RATON, Florida (Reuters) - The head of the top U.S. futures regulator chided Wall Street on Thursday for resisting calls to make over-the-counter derivatives markets more transparent, arguing major reforms are required after the recent financial crisis.
Laying out his case for more oversight of the unregulated market he ...More
WASHINGTON (Reuters) - An overwhelming majority of Americans wants Wall Street subjected to tougher regulation in the aftermath of the bank bailout and the bonus scandals that have rocked the U.S. financial sector, according to a Harris poll released on Thursday.
The findings suggest that 82 percent of Americans want ...More
HELSINKI (Reuters) - Top executives at aerospace group EADS <EAD.PA> will see their bonuses hit after the cost debacle surrounding the delayed A400M military transport aircraft, but staff will mostly be spared, its top personnel executive said on Thursday.
Airbus parent EADS last week announced 1.8 billion euros ($2 ...More
NEW YORK (Reuters) - Exxon Mobil Corp <XOM.N> will increase its capital spending nearly 4 percent this year to $28 billion in part as the largest U.S. oil company seeks to increase its share of the global market for natural gas.
Exxon, with huge liquefied natural gas projects in ...More
NEW YORK (Reuters) - The chief executive of Simon Property Group Inc <SPG.N> said on Thursday a revised plan by management of General Growth Properties Inc <GGP.N> to emerge from bankruptcy would not put pressure on his company to sweeten its own $10 billion offer.
Simon CEO David Simon ...More
WASHINGTON (Reuters) - The U.S. trade deficit narrowed unexpectedly in January as oil imports fell to their lowest since February 1999, a government report showed on Thursday.
The trade gap shrank 6.6 percent to $37.3 billion, the Commerce Department said. U.S. exports declined, but not as much ...More
WASHINGTON (Reuters) - The number of U.S. workers filing new claims for unemployment benefits fell only slightly last week, indicating that rapid job growth would probably continue to elude the economy for a while.
Initial claims for state unemployment benefits slipped 6,000 to 462,000, the Labor Department said ...More
NEW YORK (Reuters) - U.S. mortgage foreclosure filings dropped for a second straight month in February, and notched the smallest annual increase in four years as housing-rescue efforts contained activity, a report released on Thursday showed.
Foreclosures are by far one of the biggest threats to the U.S. housing ...More
GENEVA (Reuters) - Airlines are recovering strongly from the crisis, as passengers, freight and pricing power return, the airline industry association IATA said on Thursday, halving its forecast for a 2010 loss.
With capacity for both passengers and cargo hitting record levels at the end of last year, all indicators are ...More
