SYDNEY (Reuters) - Macquarie Group <MQG.AX>, Australia's top investment bank, spooked investors on Tuesday with a lukewarm outlook, warning them about weakening markets and sending its shares down 6 percent.
Macquarie shares suffered their biggest intraday fall in more than eight months after the bank issued a trading update ...More
WASHINGTON (Reuters) - A revamp of the financial system needs to be global in nature to prevent a repeat of the worst financial crisis in some 70 years, a top Federal Reserve policy maker said on Monday.
"Although the raging crisis appears to be over, our work is not close to ...More
TOKYO (Reuters) - Japan Airlines Corp <9205.T> has decided to maintain its partnership with American Airlines <AMR.N> in the Oneworld alliance and end talks with Delta Air Lines <DAL.N>, a source with knowledge of the matter said.
JAL's new management team, led by chief executive officer Kazuo ...More
CHICAGO (Reuters) - Boeing Co <BA.N> flew its twice-delayed 747-8 Freighter for the first time on Monday, a significant milestone in the history of the legendary 747 family and a step that could bolster the credibility of the world's second-largest plane maker.
The new plane -- the biggest commercial jet ...More
SAN FRANCISCO (Reuters) - Electronic Arts Inc <ERTS.O> warned that fiscal 2011 earnings would miss Wall Street expectations as it grapples with a lack of blockbuster new games after a succession of missed targets and restructurings.
Shares of the U.S. video game publisher fell 8 percent after its current-quarter ...More
NEW YORK (Reuters) - United Parcel Service Inc <UPS.N>, the world's largest package delivery service, announced plans on Monday to furlough at least 300 pilots as the very gradual pace of the U.S. economic recovery necessitates further cost-cutting.
The recession weakened UPS's air package volume at the ...More
NEW YORK (Reuters) - A former Intel Capital director pleaded guilty on Monday to fraud in the Galleon insider trading case, telling a New York court that hedge fund founder Raj Rajaratnam gave him money for personal needs and that he profited from illegal trades.
Rajiv Goel, who was arrested in ...More
NEW YORK (Reuters) - A federal judge expressed skepticism about the U.S. Securities and Exchange Commission's $150-million settlement with Bank of America Corp <BAC.N> over the Merrill Lynch takeover, questioning whether the regulator was too tame in setting forth facts to help him decide.
U.S. District Judge ...More
REUTERS FORECASTS:
The median forecast for retail sales is for a rise of 0.3 percent after a 0.3 percent fall in December. Forecasts range from a drop of 1 percent to an increase of 0.8 percent.
The median forecast for sales excluding autos is for an increase ...More
NEW YORK (Reuters) - United Parcel Service Inc <UPS.N>, the world's largest package delivery service, announced plans on Monday to furlough at least 300 pilots as the very gradual pace of the U.S. economic recovery necessitates further cost-cutting.
The recession weakened UPS's air package volume at the ...More
