Who wants to be a millionaire? Likely next Fed chair already is
WASHINGTON (Reuters) – Lawrence Summers may be a poster-child for the lucrative revolving door between Wall Street and Washington. But Federal Reserve Vice Chair Janet Yellen, his chief opponent in the tight race to replace Ben Bernanke at the helm of …
Entergy focus under new CEO may shift to New York nuclear fight
HOUSTON (Reuters) – Entergy Corp’s decision to shut its Vermont nuclear plant begins the final chapter in a battle with politicians seeking to close the station and may shift the firm’s focus to the larger Indian Point nuclear plant in New York.
German Finance Minister says 11 billion euros aid estimate for Greece ‘not unrealistic’
BERLIN (Reuters) – German Finance Minister Wolfgang Schaeuble said an estimate by the International Monetary Fund that Greece will need an additional 11 billion euros to see it through to 2015 was “not completely unrealistic.”
Microsoft: The insiders who could be CEO
SEATTLE (Reuters) – Microsoft Corp has a stable of senior executives who could be contenders to succeed Chief Executive Steve Ballmer, even though outsiders have sparked the most discussion so far.
U.S. asks for March trial in airline merger challenge
WASHINGTON (Reuters) – The U.S. Justice Department asked a federal court on Tuesday to set a March 3 trial date to hear arguments over whether it should stop a planned merger between US Airways and American Airlines .
SEC reviews Nasdaq as rivals blame each other for outage
NEW YORK/WASHINGTON (Reuters) – Regulators are questioning how robust Nasdaq OMX Group’s systems are after last week’s massive trading outage, while shrugging off a spat with NYSE Euronext as a distraction, a source familiar with the matter said on Tue…
U.S. seeking $6 billion from JPMorgan to settle mortgage claims: source
(Reuters) – U.S. government housing finance authorities are pressing JPMorgan Chase & Co for at least $6 billion to settle lawsuits over bonds backed by subprime mortgages, according to a person familiar with the matter.
The rupee is where? Currency collapse confounds India Inc
MUMBAI (Reuters) – Indian companies such as Whirlpool of India Ltd say they can’t plan more than a couple of months out as a fast-falling rupee currency drives up the cost of imports, forcing them to raise prices even as consumer spending crumbles.
Analysis: Australia economy counts on post-election confidence
SYDNEY (Reuters) – With Australia’s election just days away business leaders want one thing for certain — certainty.
N.Y. appeals court revives claims against Charles Schwab
NEW YORK (Reuters) – A New York state appeals court has revived a lawsuit brought by the state attorney general’s office against Charles Schwab & Co Inc over claims that the brokerage firm fraudulently marketed auction-rate securities.
