U.S. exploring ways to modify release of sensitive economic data: WSJ
(Reuters) – Federal officials are exploring ways to modify how the government releases sensitive economic data, in an effort to bring the system in line with fast-moving financial markets, the Wall Street Journal reported, citing people familiar with t…
Who has time to judge Madoff’s associates?
NEW YORK (Reuters) – It is hard enough to seat an impartial jury in a case stemming from the biggest Ponzi scheme in history.
G20 hopes grow for U.S. deal to avert default
WASHINGTON (Reuters) – Top finance officials from the G20 leading economies looked set to keep their focus on the receding risk of a U.S. default at talks on Friday as hopes grew that Washington could soon clinch a stop-gap deal to ensure it can keep p…
China central bank says 2013 GDP growth to exceed 7.5 percent: Xinhua
BEIJING (Reuters) – China’s economic growth should exceed 7.5 percent this year, deputy central bank governor Yi Gang was quoted by Xinhua as saying, the latest expression of confidence from Beijing that the world’s No. 2 economy is steadying.
Toyota wins California wrongful death lawsuit over acceleration issues
(Reuters) – A jury in California on Thursday found Toyota Motor Corp not liable in one of the first wrongful death lawsuits to go to trial in the United States over alleged defects that caused some vehicles to unexpectedly accelerate.
Church of England sees momentum for ethical investment
LONDON (Reuters) – The global financial crisis has strengthened the Church of England’s drive for more ethical business practices by making companies and shareholders more receptive to change, according to the man who manages its investment fund.
Ex-AIG CEO Greenberg wins temporary delay in NY fraud case
NEW YORK (Reuters) – Former American International Group Chief Executive Maurice “Hank” Greenberg on Thursday won a short reprieve from New York’s case accusing him of orchestrating sham transactions at AIG.
Norwegian Air CEO says Boeing changed 787 pump design
NEW YORK (Reuters) – The chief executive officer of Norwegian Air Shuttle ASA said on Thursday that Boeing Co redesigned an important part to fix a faulty 787 Dreamliner, revealing a more extensive reworking of the high-tech, $200 million jet than had …
Boeing restructures commercial airplane strategy, marketing
NEW YORK (Reuters) – Boeing Co said on Thursday that it will restructure its commercial airplane strategy and marketing functions, just days after it lost a $9.5 billion order in Japan, previously its most secure market.
South Korea can manage U.S. debt woes, wary on Abenomics: finance minister
WASHINGTON (Reuters) – South Korea can cope with a U.S. debt stalemate if it is brief, and welcomes any boost Japan can get from Abenomics – unless Tokyo is using that policy to weaken the yen, the country’s finance minister said on Thursday.
