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Reuters: Business News
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Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals.
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Obama pitches road spending, tax incentives in Ohio
WASHINGTON (Reuters) - President Barack Obama will push billions of dollars in new business tax incentives and spending on big construction projects on Wednesday, as he tries to convince a balky Congress to pass measures intended to spur the economy and create jobs.
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Stock futures track Europe stocks up
NEW YORK (Reuters) - Stock index futures rose on Wednesday tracking a turnaround in European stocks and ahead of comments from the Federal Reserve on the state of the economy.
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Talbots profit tops estimates, but sales miss
NEW YORK (Reuters) - Women's clothing retailer Talbots Inc posted a higher-than-expected quarterly profit as tighter inventory management boosted its margins, but its shares fell as sales missed Wall Street forecasts.
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HSBC faces thorny issues in hunt for new chairman
LONDON (Reuters) - For a bank that prides itself on smooth successions, HSBC is suddenly scrambling to pick its next chairman.
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Oracle says Hurd eligible for up to $10 million bonus
BANGALORE (Reuters) - Oracle Corp said its newly appointed president, Mark Hurd, will be paid an annual salary of $950,000 and the former Hewlett-Packard chief will be eligible for a target bonus of $5-$10 million under its executive bonus plan for fiscal 2011.
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BP says Transocean missed danger signs on rig
LONDON (Reuters) - BP deflected much of the blame for a rig blast that led to the United States' worst-ever oil spill, releasing an internal report on Wednesday which said that drilling contractor Transocean had missed danger signs.
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Home buying up in week, but down 40 percent in year
NEW YORK (Reuters) - Americans applied to buy homes at the highest pace last week since May, but more than 8 of every 10 loan requests was for a refinancing, Mortgage Bankers Association data show on Wednesday.
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Japan's intervention hints fail to halt yen
TOKYO (Reuters) - Japan's finance minister acknowledged currency intervention is an option for the first time since the yen's 14 percent rise since May, and a candidate to become prime minister sanctioned solo intervention as the yen jumped to a 15-year high versus the dollar.
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Foster's knocks back $2.5 billion offer for wine
MELBOURNE (Reuters) - Foster's Group Ltd , Australia's largest brewer, rejected a private equity offer worth up to $2.5 billion for its wine business as too cheap, sending its shares up as much as 6 percent on hopes of higher bids.
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Dollar to maintain its dominance: China minister
XIAMEN, China (Reuters) - The dollar will remain the world's dominant currency for a long time, and the yuan will only gradually emerge as an alternative, Chinese Commerce Minister Chen Deming said on Wednesday.
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