S&P downgrades Greece, warns time limited for a deal with creditors
ATHENS (Reuters) – Standard & Poor’s cut Greece’s long-term sovereign credit rating to B- from B on Friday, warning that liquidity restraints on Greek banks would limit the time the new government has to clinch a deal with its creditors.
For blue-collar America wage gains are slim even as employment surges
WASHINGTON (Reuters) – America has added more than a million jobs in the space of three months but wages, especially for blue-collar workers, are showing few signs of gains.
Google can disrupt car industry but is no automaker, Daimler says
FRANKFURT (Reuters) – Technology companies such as Google are unlikely to become mass car manufacturers, even if they have the potential to disrupt an industry increasingly focused on software and automated driving, the head of German carmaker Daimler …
RadioShack lines up $285 million in bankruptcy financing
NEW YORK (Reuters) – RadioShack Corp will use a $285 million debtor-in-possession (DIP) financing from DW Partners LP, a credit-focused fund manager, to back its operation during Chapter 11, according to a company statement.
Holiday shoppers, political mail boost U.S. Postal Service in first quarter
WASHINGTON (Reuters) – The United States Postal Service ended its first quarter with a net loss of $754 million but increased its operating revenue as holiday shoppers boosted its package delivery business and as political mail from the midterm electio…
Greece isolated in euro zone, ministers to meet Feb. 11
BRUSSELS (Reuters) – Greece’s new government was isolated at its first meeting with senior euro zone officials but will have a chance to put forward its plans at a special meeting of finance ministers of the currency bloc next week, EU officials said o…
World can’t rely on U.S. to carry economy forever: Canada
WHITBY, Ontario (Reuters) – The United States is carrying the world economy at the moment but that is not sustainable, and other major nations must shoulder more of the load, Canadian Finance Minister Joe Oliver said on Friday.
World can’t rely on U.S. to carry economy forever: Canada
WHITBY, Ontario (Reuters) – The United States is carrying the world economy at the moment but that is not sustainable, and other major nations must shoulder more of the load, Canadian Finance Minister Joe Oliver said on Friday.
Exclusive: Recording shows how UBS drove reluctant brokers to sell high-risk Puerto Rico funds
(Reuters) – In April 2011, two years before their prices sank, a slew of bond funds that were being sold by UBS’s Puerto Rico arm appeared to its brokers to be such risky investments that they balked at promoting them to their clients.
Bumper week for shares, oil and euro as payrolls due
LONDON (Reuters) – World shares were heading for their strongest week since October as markets awaited U.S. jobs data on Friday, while oil was shooting for a near 20 percent rebound and the euro was gunning for its biggest weekly rise since late 2013.
