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Reuters News
  • EU, IMF press Greece on reforms, Rehn upbeat on debt
    ATHENS/DAVOS (Reuters) - The European Union and IMF want Greece to push through more budget cuts and implement a series of long-agreed austerity reforms before they sign off on a new bailout the country needs to avert bankruptcy, a report obtained by Reuters shows.

  • Facebook to file IPO documents soon as Wednesday: report
    (Reuters) - Facebook plans to file documents as early as Wednesday for a highly anticipated IPO that will value the world's largest social network at between $75 billion and $100 billion, the Wall Street Journal cited unidentified sources as saying on Friday.

  • Ford hit by commodity costs, international woes
    (Reuters) - Ford Motor Co reported a lower-than-expected fourth-quarter profit on Friday as commodity costs shot up and results from operations outside North America fell short of expectations.

  • Fitch cuts Italy, Spain, other euro zone ratings
    NEW YORK (Reuters) - Fitch Ratings on Friday downgraded the sovereign credit ratings for Italy, Spain, Slovenia, Belgium and Cyprus indicating there is a 1-in-2 chance of further downgrades in the next two years.

  • Chevron profit falls as refineries, output suffer
    (Reuters) - Chevron Corp reported lower quarterly earnings on Friday, missing Wall Street forecasts, as rising spending on oil and gas projects and losses at its U.S. refinery business offset gains from higher crude oil prices.

  • U.S. growth quickens, but speed bumps ahead
    WASHINGTON (Reuters) - The U.S. economy grew at its fastest pace in 1-1/2 years in the fourth quarter, but a rebuilding of stocks by businesses and slower business spending warned of weaker growth in early 2012.

  • Wall St edges lower after GDP data
    NEW YORK (Reuters) - Stocks slipped on Friday as data showed the U.S. economy grew less than expected in the fourth quarter, while some disappointing earnings added pressure to the market.

  • Eastman Chemical to buy Solutia for $3.4 billion
    (Reuters) - Eastman Chemical is buying Solutia Inc , chemicals provider for products from iPads to tires, for about $3.4 billion in cash and stock in a bid to drive its sluggish growth and focus on emerging markets, particularly the Asia-Pacific region.

  • Geithner presses Europe to increase crisis firewall
    DAVOS, Switzerland (Reuters) - U.S. Treasury Secretary Timothy Geithner pressed Europe on Friday to boost its bailout fund resources, citing the euro zone debt crisis and oil prices as the two main factors influencing the pace of the United States' economic upturn.

  • Reuters Magazine: Felix Salmon: The devil in the CDS
    (Reuters) - The world of international finance is largely incomprehensible, even to its practitioners. Consequently, a whole industry, of which I am personally part, has sprung up to "explain finance" to the public. This makes the public think that understanding finance is something that is possible.

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