Citigroup’s past losses may have helped it win Costco business
NEW YORK (Reuters) – Citigroup Inc had at least one advantage in its successful bid for the exclusive right to issue credit cards for Costco Wholesale Corp, rivals and tax specialists say: it lost so much money during the financial crisis that it has b…
Target to cut thousands of jobs as seeks to cut costs by $2 billion
(This March 4 story corrects job cuts at corporate locations to 16,000 from 26,000, in fifth paragraph)
Huawei, Intel expand tie-up amid China’s rising scrutiny of U.S. tech firms
BEIJING (Reuters) – China’s Huawei Technologies Co Ltd [HWT.UL] and Intel Corp are expanding an existing alliance to provide cloud computing to global telecoms carriers, as U.S. tech firms vie for Chinese tie-ups to retain access to a tough mainland ma…
Euro zone rebuffs Spanish talk of new Greek bailout
BARCELONA/BRUSSELS (Reuters) – Germany and the European Commission slapped down talk of a third financial rescue for Greece as premature, after Spain once again suggested on Wednesday that a new aid package for Athens was almost inevitable.
U.S. private sector adds jobs in February, but growth slows: ADP
NEW YORK (Reuters) – U.S. private employers added fewer jobs than expected last month, with the gains declining as well from January’s revised level as growth slowed in some sectors, a payrolls processor report showed on Wednesday.
U.S. oil rises, Brent pares losses on Iran news
NEW YORK (Reuters) – U.S. oil futures rose on Wednesday and benchmark Brent pared losses as OPEC member Iran stressed that it opposed a timeline for a freeze on nuclear activities, news that helped crude rebound from an early slide tied to swelling U.S…
China aims for around seven percent economic growth in 2015: Premier Li
BEIJING (Reuters) – China aims to grow its economy by around 7 percent in 2015 and to keep consumer inflation at around 3 percent, Premier Li Keqiang said in remarks prepared for delivery at today’s opening of the annual meeting of parliament, the Nati…
UBS poaches executives from Evercore for its U.S. unit: WSJ
(Reuters) – UBS Group AG has hired a team of three executives for its U.S. consumer and retail investment banking unit from boutique investment bank Evercore Partners Inc , the Wall Street Journal reported citing an internal memo it saw.
U.S. oil rises, Brent pares losses on Iran news
NEW YORK (Reuters) – U.S. oil futures rose on Wednesday and benchmark Brent pared losses as OPEC member Iran stressed that it opposed a timeline for a freeze on nuclear activities, news that helped crude rebound from an early slide tied to swelling U.S…
Wall Street down for second day after rally; healthcare gains
NEW YORK (Reuters) – U.S. stocks closed down on Wednesday for the second day in a row as investors stepped back after a recent rally ahead of jobs data due later in the week.
