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Updated: 18 weeks 3 days ago

Summers to lead high-level meeting on economy

2 November, 2009 - 11:30
WASHINGTON (Reuters) - White House economic adviser Lawrence Summers will lead a high-level meeting on Monday to discuss the state of the economy, job creation and ways to achieve sustainable growth.

Humana profit jumps, but sees lower 2010 profit

2 November, 2009 - 11:28
NEW YORK (Reuters) - Health insurer Humana Inc posted a 65 percent jump in third-quarter profit on Monday, helped by lower prescription drug claims and higher enrollment in Medicare plans for seniors.

Oil climbs above $78, China data supports

2 November, 2009 - 11:25
LONDON (Reuters) - Oil rose above $78 a barrel on Monday, recovering from the previous session's steep drop, after manufacturing data from China revived expectations economic recovery would generate extra fuel demand.

Automakers gird for "new normal"

2 November, 2009 - 10:36
PARIS/DETROIT (Reuters) - As automakers, parts suppliers and car retailers ready business plans for next year and beyond, the experience of the industry's 2009 crash has made caution the new byword.

Stock futures signal rebound on Wall Street

2 November, 2009 - 09:38
(Reuters) - Stock index futures pointed to a higher open on Wall Street on Monday, signaling a rebound after the previous session's steep losses, with futures for the S&P 500 up 0.74 percent, Dow Jones futures up 0.68 percent and Nasdaq 100 futures up 0.02 percent at 4:12 a.m. EST.

Human Genome, Glaxo lupus drug works in 2nd trial

2 November, 2009 - 09:11
BOSTON (Reuters) - Human Genome Sciences Inc said on Monday its experimental lupus drug Benlysta was successful in a second large clinical trial, paving the way for approval of the first new treatment for the disease in 50 years.

Comcast close to gaining control of NBC universal: report

2 November, 2009 - 07:18
(Reuters) - Comcast Corp and General Electric Co are closer to a deal to give Comcast a 51 percent stake in NBC Universal and a formal announcement may be made in the coming week, the New York Times said, citing people briefed on the talks.

U.S. companies holding more cash: report

2 November, 2009 - 05:57
(Reuters) - U.S. companies hurt by the global credit crisis are continuing to hold more cash, even as the economy begins to show signs of improvement, the Wall Street Journal said, citing its analysis of company filings.

CIT Group files for bankruptcy

2 November, 2009 - 05:07
NEW YORK (Reuters) - CIT Group Inc, a lender to hundreds of thousands of small and medium-sized businesses, filed for bankruptcy on Sunday, as the global financial crisis left it unable to fund itself and the recession clobbered its loans.

BofA reaches out to BNY Mellon chief for CEO job

2 November, 2009 - 02:50
NEW YORK (Reuters) - Bank of New York Mellon Corp Chief Executive Robert Kelly was recently approached about taking the CEO job at Bank of America Corp , but he has shown no interest in the job, The Wall Street Journal reported.

Housing and consumers may drive rally next week

21 August, 2009 - 22:48
NEW YORK (Reuters) - Is it game over for the recession? Or will consumers stay in hibernation?

GM declines to name Opel winner, new talks loom

21 August, 2009 - 22:42
FRANKFURT/DETROIT (Reuters) - The board of General Motors Co declined on Friday to name Canada's Magna International as the winning bidder for Opel, leaving the fate of its German unit up in the air.

Ricketts family finalizes deal to buy Cubs

21 August, 2009 - 22:34
CHICAGO (Reuters) - Media company Tribune Co has reached a deal to sell the Chicago Cubs baseball team and other assets to the Ricketts family for $845 million, Tribune said on Friday.

Dow Jones exploring sale of indexes business: report

21 August, 2009 - 21:43
NEW YORK (Reuters) - Dow Jones & Co Inc has been talking to potential buyers about the sale of its stock market index business, which includes the Dow Jones industrial average, the company's Wall Street Journal newspaper reported on Friday.

Pace of U.S. existing home sales fastest in 2 years

21 August, 2009 - 21:22
WASHINGTON (Reuters) - Sales of previously owned U.S. homes jumped 7.2 percent in July to mark the fastest pace in nearly two years, a survey showed on Friday, in a strong sign that housing is pulling out of a three-year slump.

AT&T: no role in Apple rejecting Google software

21 August, 2009 - 21:20
WASHINGTON (Reuters) - AT&T Inc, the exclusive carrier for the iPhone, said on Friday it played no role in a decision by Apple Inc to reject Google Inc's voice application on the handset.

Chrysler deputy CEO Press to leave: sources

21 August, 2009 - 20:19
DETROIT (Reuters) - Chrysler Group LLC Deputy Chief Executive Jim Press said he plans to leave by November, ending a two-year stint at the automaker that included its slide into bankruptcy, according to two people briefed on the still-confidential discussions.

Oil settles at 10-month high on economic optimism

21 August, 2009 - 19:56
NEW YORK (Reuters) - Oil rose nearly $1 toward $74 a barrel to settle at a 10-month high on Friday as data in the United States promised economic recovery and a potential revival in energy demand.

Fed, ECB eye recovery

21 August, 2009 - 19:53
JACKSON HOLE, Wyoming (Reuters) - U.S. Federal Reserve Chairman Ben Bernanke and other central bankers said on Friday the worst global recession in 70 years was nearing a close but warned it would be a long, slow climb back to normal growth.

SEC drops backdating probe against former Pixar CFO

21 August, 2009 - 19:19
LOS ANGELES (Reuters) - U.S. securities regulators have dropped a stock options backdating investigation against former Pixar Animation Studios Chief Financial Officer Ann Mather, according to a letter obtained by Reuters on Friday.

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