Latest business news
Euro zone loses patience with Greece
4 Feb 2012 at 5:38pmBRUSSELS (Reuters) - Euro zone finance ministers told Greece on Saturday it could not go ahead with an agreed deal to restructure privately-held debt until it guaranteed it would implement reforms needed to secure a second financing package from the euro zone and the IMF.
Eurogroup's Juncker warns of possible Greece default
4 Feb 2012 at 4:59pmBERLIN (Reuters) - The possibility of a sovereign default by Greece cannot be ruled out, Jean-Claude Juncker, head of the Eurogroup of finance ministers from the single currency zone, said in a German magazine on Saturday.
Clock ticks on Greece's bailout deadline
4 Feb 2012 at 6:56pmATHENS (Reuters) - Greek Prime Minister Lucas Papademos faces a critical task of convincing international lenders and political party leaders on Sunday to agree to the stringent terms of a 130 billion euro ($171 billion) rescue plan to stave off looming default.
Micron appoints Durcan CEO after Appleton's death
4 Feb 2012 at 8:16pmSAN FRANCISCO (Reuters) - Memory chipmaker Micron Technology's board appointed company veteran Mark Durcan as chief executive a day after longtime Chairman and CEO Steve Appleton was killed in a plane crash.
Hungary seeks 15-20 billion euro IMF/EU credit line: official
4 Feb 2012 at 6:19amBUDAPEST (Reuters) - Hungary is seeking an international credit line of 15 to 20 billion ($20 to $26.3 billion) euros, the secretary of state heading the prime minister's office, Mihaly Varga, was quoted on Saturday as saying.
Deutsche Boerse board member wants CEO out: paper
4 Feb 2012 at 6:48amFRANKFURT (Reuters) - Deutsche Boerse's chief executive Reto Francioni should step down following the collapse of its $7.4 billion plan to merge with NYSE Euronext , a member of the German exchange operator's supervisory board told a newspaper.
Central bank liquidity tap to stay open
3 Feb 2012 at 10:10amLONDON (Reuters) - After a blockbuster January for both equities and bonds - rallies that caught many in the market by surprise - investors will be paying keen attention to the world's central banks in the coming week for signs of continued easy money.
Jobless rate at 3-year low as payrolls surge
3 Feb 2012 at 6:14pmWASHINGTON (Reuters) - The United States created jobs at the fastest pace in nine months in January and the unemployment rate unexpectedly dropped to a near three-year low, giving a boost to President Barack Obama.
Analysis: Stock-picking makes a comeback as macro tides fade
3 Feb 2012 at 1:45pmNEW YORK (Reuters) - Stock-picking once again matters on Wall Street.
New York sues banks over electronic mortgage system
3 Feb 2012 at 4:54pmNEW YORK (Reuters) - New York State Attorney General Eric Schneiderman on Friday sued three major U.S. banks, accusing them of fraud for using an electronic mortgage database that resulted in deceptive and illegal practices.
