November 25 trial date set for U.S. challenge to AMR/US Airways merger
WASHINGTON (Reuters) – A federal judge on Friday set a tentative November 25 trial date in the U.S. government challenge to an American Airlines merger with U.S. Airways .
Toyota to invest $102 million to boost transmission output in U.S
DETROIT (Reuters) – Toyota Motor Corp said on Friday it will invest $102 million at its West Virginia engine and transmission plant and aluminum casting factories in Missouri and Tennessee to boost production.
Power company Longview seeks bankruptcy, blames Siemens
(Reuters) – Longview Power LLC filed for Chapter 11 bankruptcy on Friday and blamed a unit of Germany’s Siemens AG for glitches at Longview’s $2 billion West Virginia power plant that left it unable to pay its debts.
India’s Singh fights for ‘reformer’ legacy as economy totters
NEW DELHI (Reuters) – Prime Minister Manmohan Singh fought for his reputation as the architect of India’s economic reforms on Friday, insisting that the current growth and currency crunch was no repeat of the 1991 balance of payments crisis that made h…
Analysis: As a credit crisis hangover ebbs, company debt costs to rise
NEW YORK (Reuters) – It’s taken nearly five-years, but one of the most persistent bond market dislocations left behind by the financial crisis has finally dissipated, likely signaling that the days of super-cheap corporate borrowing costs are numbered….
U.S. consumer sentiment slips in August
NEW YORK (Reuters) – U.S. consumer sentiment retreated in August from last month’s six-year high, though Americans were slightly more upbeat in their outlook than earlier in the month, a survey released on Friday showed.
Ex-employee pays fine for defrauding Goldman Sachs
WASHINGTON (Reuters) – A former employee of Goldman Sachs Group Inc was fined $500,000 for defrauding the investment bank in December 2007 by hiding trading positions, the U.S. derivatives regulator said on Friday.
Global investors boost euro zone assets, cut Asia stocks: Reuters poll
LONDON (Reuters) – Global investors lifted their holdings of euro zone assets to the highest in more than a year this month while trimming exposure to Asian equities during a rout of emerging market assets, Reuters polls showed.
Euro zone morale climbs in shadow of record unemployment
BRUSSELS (Reuters) – Optimism in the euro zone’s economy improved sharply in August but stubbornly high unemployment, especially in the bloc’s weaker countries, highlighted the fissure separating the recovering north from the struggling south.
Zurich Insurance CFO named Ackermann in suicide note
ZURICH (Reuters) – The finance chief of Zurich Insurance, Pierre Wauthier, named chairman Josef Ackermann in his suicide note, the company confirmed on Friday as it pledged to investigate whether he had been put under undue strain before his death.
