Thu, May 17, 2012, 7:24 AM NZST - New Zealand Markets open in 2 hrs 6 mins

Financial News from Reuters

  • Overview -- We expect U.S.-based Global Brass and Copper Inc.'s operating results to strengthen as a result of improving end-market demandleading to increased volumes and pricing. -- We are assigning our ...

  • May 16 (Reuters) - U.S. money market fund assets fell by$10.82 billion to $2.539 trillion in the week ended May 15, theMoney Fund Report said on Wednesday.Taxable money market fund assets fell by $8.65 ...

  • * Debt strategy carries risks, rewards* Romney wants to put US on path to balanced budget* Doesn't cite specifics of where to cutBy Steve Holland ST. PETERSBURG, Fla., May 16 (Reuters) - Mitt Romney joinedcongressional ...

  • * Greek uncertainty continues, euro could test 2012 low * ECB stops operations with some Greek bank-sources * Dollar climbs to 2-week high vs yen after US data By Gertrude Chavez-Dreyfuss NEW YORK, May ...

  • NEW YORK, May 16 (Reuters) - New York and Boston may strikemany as more intellectual but Alexandria, a small urban area inVirginia just outside Washington, D.C., is the most well-readcity in the United ...

  • Coty selects banks for IPO: CNBC @ Reuters - 11 minutes ago

    (Reuters) - Beauty company Coty Inc has selected JPMorgan Chase & Co (JMP.N: Quote , Profile , Research , Stock Buzz ) and Bank of America (BAC.N: Quote , Profile , Research , Stock Buzz ) to be the underwriters ...

  • TEXT-Fitch comments on Delta Air Lines @ Reuters - 11 minutes ago

    May 16 - Delta Air Lines, Inc.'s acquisition of the Trainer refinery near Philadelphia represents an innovative but unproven approach to thelong-term management of the airline's jet fuel costs. Although ...

  • Several Federal Reserve policymakers last month thought they may need to do more to help the recovery if it stumbles, but there was almost no support for extending the central bank's "Operation Twist" ...

  • Coty selects banks for IPO-CNBC @ Reuters - 13 minutes ago

    May 16 (Reuters) - Beauty company Coty Inc has selectedJPMorgan Chase & Co and Bank of America to bethe underwriters for an initial public offering it plans toprice this summer, CNBC reported on Wednesday ...

  • Gasoline drips off a nozzle during refueling at a gas station in Altadena

    Crude oil futures tumbled on Wednesday as banking troubles in Greece further highlighted the euro zone debt crisis, pulling U.S. equities lower as risk aversion hit across markets. The European Central ...

  • (The following statement was released by the rating agency)May 16 - Standard & Poor's Ratings Services today lowered its ratings to'D(sf)' from 'CCC-(sf)' on the notes from Credit Agricole CIB Finance ...

  • SAN FRANCISCO (Reuters) - Calpers, the biggest U.S. public pension fund, said on Wednesday it is launching a $500 million real estate fund with GI Partners to invest in technology industry properties in ...

  • Calpers, the biggest U.S. public pension fund, said on Wednesday it is launching a $500 million real estate fund with GI Partners to invest in technology industry properties in the United States. Calpers, ...

  • A Verizon logo is seen during the International CTIA WIRELESS Conference & Exposition in New Orleans, Louisiana

    Verizon Wireless should see an increase in data revenue after it offers new shared data plans this summer, according to a top executive for parent company Verizon Communications Inc. Verizon's intends ...

  • SAN FRANCISCO, May 16 (Reuters) - Calpers, the biggest U.S.public pension fund, said on Wednesday it is launching a $500million real estate fund with GI Partners to invest intechnology industry properties ...

  • WASHINGTON, May 16 (Reuters) - Democrats and Republicans areon another collision course over increasing U.S. borrowingauthority as President Barack Obama told Republicans onWednesday that he does not want ...

  • (The following statement was released by the rating agency) May 16 - Fitch Ratings affirms the following ratings of the Province ofSaskatchewan, Canada (the province):--Long-term obligations at 'AA';--Long-term ...

  • Recent home buyers Robert and Debra Eaton are pictured in front of their home in Spanaway

    When Jennifer Anderson's family could no longer afford their mortgage and lost their home, she expected many years to pass before they would again become property owners. But less than two years later, ...

  • Panel on top of AIA Central flashes the company sign at Hong Kong's financial Central district

    Bailed-out insurer American International Group Inc will sell its shares in Asian insurer AIA Group Ltd after a lock-up period expires in early September, Chief Executive Bob Benmosche said on Wednesday. ...

  • To match Analysis USA-AUTOS/ECONOMY

    Groundbreaking for U.S. homes rebounded in April and factory activity gained momentum, suggesting a moderate pickup in economic growth early in the second quarter. The reports on Wednesday were the latest ...

  • (The following statement was released by the rating agency) May 16 - Fitch Ratings has placed HSBC Bank (Uruguay) S.A. on Rating WatchNegative following the announcement of the company's acquisition by ...

  • Traders work on the floor of the New York Stock Exchange

    Stocks fell in choppy trade on Wednesday, putting the S&P 500 on track for its fourth consecutive decline as concerns about the euro zone continue to be at the forefront of investors' focus. German Chancellor ...

  • Traders work on the floor of the New York Stock Exchange

    U.S. stocks were flat to lower and the euro slid on Wednesday on news that some Greek banks face emergency funding needs, while minutes from an April Federal Reserve meeting showed U.S. economic prospects ...

  • By Jilian Mincer NEW YORK, May 16 (Reuters) - When Jennifer Anderson's familycould no longer afford their mortgage and lost their home, sheexpected many years to pass before they would again becomeproperty ...

  • Pietro Scott Jovane, CEO of the Italian unit of Microsoft, was in pole position to take over as chief executive of Italian media company RCS MediaGroup, two sources close to the matter said on Wednesday. ...

  • Do the right thing. Then get fired @ Reuters - 33 minutes ago

    By Suzanne Barlyn(Reuters) - Being a compliance officer just got a little riskier, at least for those who work in the heart of America's financial center.New York's highest court recently threw out a suit ...

  • Do the right thing. Then get fired Reuters - 33 minutes ago

    Being a compliance officer just got a little riskier, at least for those who work in the heart of America's financial center. New York's highest court recently threw out a suit by a hedge fund compliance ...

  • By Daniel Flynn PARIS, May 16 (Reuters) - Pierre Moscovici, named Frenchfinance minister on Wednesday, is a reform-minded SocialDemocrat whose expertise in European affairs will prove valuableas France ...

  • * U.S. stocks mixed, euro slides on news of Greek bankfunding needs* ECB says stops funding operations for some Greek banks* Encouraging U.S. economic data initially lifted U.S.stocks* Bonds pare losses ...

  • NEW YORK, May 16 (Reuters) - Fund manager Philippe Laffont,whose Coatue Capital Management often likes technology stocks,said on Wednesday that Equinix Inc is a small stockthat could pay off big.He also ...

  • NEW YORK (Reuters) - Larry Robbins, founder of Glenview Capital Management, is bullish on Tenet Healthcare Corp. Meanwhile, Jonathan Kolatch, founder of Redwood Capital Management, is recommending buying ...

  • Larry Robbins, founder of Glenview Capital Management, is bullish on Tenet Healthcare Corp. Meanwhile, Jonathan Kolatch, founder of Redwood Capital Management, is recommending buying Argentine government ...

  • VERONA, Italy, May 16 (Reuters) - Roughly one-third ofItaly's 2,250 car dealerships risk closing their doors by theend of this year, trade group Federauto's chairman said at anannual dealers' convention ...

  • * Four Greek lenders to get bridge recap by next week* Banks will be allocated 18 bln eur of EFSF notesATHENS, May 16 (Reuters) - Greece's bank support fund willallocate 18 billion euros by next week to ...

  • * Benchmark prices well above recent 10-year low * Warm weather on tap this week, next week for much ofnation * Gas futures rise more than 4 percent, at 2-1/2 month high * Coming Up: EIA gas storage data ...

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