Bernanke enjoys ‘fruits of free market’ with first post-Fed speech
NEW YORK/ABU DHABI (Reuters) – Ben Bernanke earned more in 40 minutes on Tuesday than he made all of last year as head of the U.S. Federal Reserve.
Lehman Europe creditors in line for extra $8 billion payday
LONDON (Reuters) – Hedge funds, asset managers and other creditors of Lehman Brothers’ European arm will next month be fully paid out from money recovered from the carcass of the bank and could get an extra 5 billion pounds ($8.4 billion).
Ecuador $9.5 billion ruling against Chevron was corrupt: U.S. judge
NEW YORK (Reuters) – An American lawyer used “corrupt means” to secure a multi-billion-dollar pollution judgment against Chevron Corp in Ecuador, a U.S. judge ruled on Tuesday, a major setback for Ecuadorean villagers hoping to collect on the award.
Boeing wins $1.16 billion contract for Apache helicopters
WASHINGTON (Reuters) – Boeing Co has won a contract valued at $1.16 billion for full-rate production of the AH-64E Apache helicopter, the U.S. Defense Department said on Tuesday.
S&P 500 ends at a record; Ukraine-Russia tensions ease
NEW YORK (Reuters) – U.S. stocks rallied on Tuesday, with the S&P 500 closing at a record as concerns about a confrontation between Russia and Ukraine eased, and the market recovered more than all of the previous session’s hefty losses.
Top official frets Fed will wait too long to tighten
NEW YORK (Reuters) – A hawkish Federal Reserve official said on Tuesday he questions whether his fellow policymakers will have the “courage” and “will” to raise interest rates when the time is right.
Chrysler halts appeal for Canadian funds, will still invest in plants
TORONTO/DETROIT (Reuters) – Chrysler Group LLC said on Tuesday that it would push ahead with development plans for two key assembly plants in the Canadian province of Ontario, but will keep its “strategic options” open after withdrawing requests for go…
Obama budget sets up election-year clash with Republicans
WASHINGTON (Reuters) – President Barack Obama proposed new tax credits and job-training programs for U.S. workers on Tuesday in a 2015 budget that drew instant condemnation from Republicans, who dismissed the document as an election-year campaign pitch…
Bitcoin bank Flexcoin shuts down after theft
(Reuters) – Bitcoin bank Flexcoin said on Tuesday it was closing down after it lost bitcoins worth about $600,000 to a hacker attack.
StanChart to sharpen strategy after rare profit drop
LONDON (Reuters) – Standard Chartered on Wednesday will show how it intends to sharpen its focus and potentially sell several small businesses to revive its fortunes in the face of slower growth and its first fall in profits in a decade, people familia…
