‘Flash crash’ trader’s alleged fraud a common market occurrence
NEW YORK (Reuters) – The market manipulation case against the British day trader U.S. authorities say helped spur the May 2010 “flash crash” may be the most high-profile to date, but the type of activity he is accused of is actually quite common, marke…
Facebook revenue growth slows, costs weigh on profit
(Reuters) – Facebook Inc posted its slowest growth in quarterly revenue in two years and higher spending on research and development ate into profits.
McDonald’s recipe for success may need focus on consumers, workers
LOS ANGELES (Reuters) – As McDonald’s Corp prepares yet another plan to revive its business, company watchers have the following advice: reconnect with lower income consumers who remain faithful to the brand, improve wages and ease the financial burden…
Google rolls out new U.S. wireless service
NEW YORK (Reuters) – Google Inc on Wednesday launched a new U.S. wireless service that switches between Wi-Fi and cellular networks to curb data use and keep phone bills low.
Stocks end stronger as investors look beyond mixed earnings
(Reuters) – U.S. stocks ended stronger on Wednesday as Visa’s potential expansion into China and talk of a turnaround at McDonald’s helped investors look beyond a mixed bag of quarterly earnings.
GM gets boost from smaller pickups, but doubters question for how long
DETROIT (Reuters) – General Motors Co’s return to selling smaller pickups in the United States has resuscitated a moribund market segment, but new data highlights the risk that the automaker’s new trucks are cannibalizing sales of higher-priced models….
U.S bailout of AIG in 2008 was ‘punitive,’ ex-CEO’s lawyer says
WASHINGTON (Reuters) – The U.S. government was “punitive” in its bailout of American International Group Inc in 2008, a lawyer for the company’s former chief executive argued during closing arguments of a trial that may impact how much flexibility regu…
Brent up on more Yemen bombing; U.S. crude dips after stock build
NEW YORK (Reuters) – Oil prices diverged on Wednesday with Brent closing up on renewed fighting in Yemen while U.S. crude fell after another weekly rise in inventories despite slower production.
S&P upgrades Renault to investment grade
PARIS (Reuters) – Credit rating agency Standard and Poor’s upgraded Renault on Wednesday to investment grade due to the French carmaker’s improving financial health and profitability.
Greek cash seen lasting into June, no EU deal imminent
ATHENS/BRUSSELS (Reuters) – Greece can scrape together enough cash to meet its payment obligations into June, euro zone and Greek officials said on Wednesday, playing down fears of an imminent default as hopes receded of a deal with its creditors to re…
