76269 results returned for search: "" category "Business"
NEW YORK (Bloomberg) — CIT Group Inc., the commercial lender run by John Thain that emerged from bankruptcy in December, is staging a bond market comeback.
CIT's $7.36 billion of 7 percent notes due 2017 have climbed 8.5 cents on the dollar to 94.375...
DATE: Apr 15, 2010
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TORONTO (Reuters) - Banks powered Toronto's main stock index higher yesterday, encouraged by forecast-beating results from US bank JP Morgan, while upbeat US economic data and firmer commodity prices played supporting roles in the rise.
The index's f...
DATE: Apr 15, 2010
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WASHINGTON (Reuters) – Sales at US retailers rose more strongly than expected in March and firming domestic demand prompted businesses to rebuild inventories to a seven-month high in February, suggesting a broadening of the economic recovery.
The ret...
DATE: Apr 15, 2010
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WASHINGTON (Reuters) – A federal watchdog is expected to soon release a report criticising how the US Securities and Exchange Commission handled a probe of alleged swindler Allen Stanford, people familiar with the matter said on Tuesday.
The report b...
DATE: Apr 15, 2010
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Roberts gets Ace Tempest post
The Ace Tempest Re Group has announced the appointment of Steve Roberts as managing director of its Ace Tempest Re International business, which includes operations in London, Zurich, Sao Paulo and Shanghai.
Effective im...
DATE: Apr 15, 2010
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WASHINGTON — Federal Reserve Chairman Ben Bernanke told Congress yesterday that he has confidence the unfolding economic recovery will have staying power, although it won't be strong enough to bring quick relief to high unemployment.
Bernanke, testif...
DATE: Apr 15, 2010
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NEW YORK — Being big could pay off for battered banks this earnings season.
Five of the biggest US banks, including struggling Bank of America Corp., are expected to report profits for the January to March period. Analysts are split about a profit at...
DATE: Apr 15, 2010
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BC-US--Earns-CSX, 3rd Ld-Writethru,0349
CSX 1Q earnings driven by 'steady' economic growth
AP Photo NYBZ146
NEW YORK (AP) -- CSX, the nation's third largest railroad, said Tuesday that "gradual and steady growth" in the economy drove its first-quarte...
DATE: Apr 15, 2010
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DUBLIN (Reuters) – Splitting Ireland's nationalised Anglo Irish Bank into an asset management company to manage its bad assets and a "good bank" for the rest is the cheapest option, the country's regulator said yesterday.
Alternatives, including wind...
DATE: Apr 15, 2010
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NEW YORK (AP) - Upbeat forecasts from Intel Corp. and JPMorgan Chase & Co. propelled the stock market higher for a fifth day.
The Standard & Poor's 500 index topped the 1,200 mark yesterday for the first time in a year and a half. The Dow Jones indus...
DATE: Apr 15, 2010
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