Analysis: Investors wince but keep calm as U.S. budget battle looms
NEW YORK (Reuters) – Another year, another battle over the U.S. budget. It’s hardly what investors need, but it looks like they’re going to get it just the same.
Analysis: Intangible investments cast U.S. economy in brighter light
WASHINGTON (Reuters) – As many a former factory worker can attest, U.S. companies have invested so heavily in technology that some plants now practically run themselves.
Italian economy minister calls end to recession this year: press
MILAN (Reuters) – Italy’s economy will begin emerging from its longest slump since World War Two in the fourth quarter of this year and should grow through 2014, Economy Minister Fabrizio Saccomanni said.
Japan’s PM may rethink tax hike; could shake markets, unsettle support
TOKYO (Reuters) – Japan’s most significant fiscal reform in years – a planned increase in the country’s sales tax – could be delayed or watered down in a move that might rattle financial markets and amount to an own goal for the prime minister.
China orders nationwide government debt audit
BEIJING (Reuters) – China’s National Audit Office will conduct an audit of all government debt at the request of China’s State Council or cabinet, it said in a statement on Sunday, underlining concern over rising debt levels in the world’s second bigge…
Overstock.com CEO mocks SAC Capital indictment in WSJ ad
(Reuters) – Overstock.com Chief Executive Patrick Byrne appeared in an unusual full-page ad in The Wall Street Journal on Saturday “congratulating” Steven A. Cohen on the indictment of his SAC Capital Advisors hedge fund by federal prosecutors on insid…
Ford recalls 33,021 C-Max hybrid cars due to roof issue
(Reuters) – Ford Motor Co said it was recalling 33,021 C-Max hybrid cars because a roof component did not meet requirements for protecting against head injuries.
Obama disputes job projections for Keystone XL pipeline: NYT
WASHINGTON (Reuters) – President Barack Obama called into question the number of jobs that would be created from the controversial Keystone XL pipeline in an interview with the New York Times released on Saturday.
Siemens CEO to leave following profit warning
MUNICH (Reuters) – Siemens Chief Executive Peter Loescher is to leave the company, four years before the end of his contract, after the German engineering group this week issued its second profit warning this year.
Obama says narrowed Fed choices, to announce in months: NY Times
WASHINGTON (Reuters) – President Barack Obama has narrowed his choices to succeed Federal Reserve Chairman Ben Bernanke to “some extraordinary candidates” and will announce his pick “over the next several months,” he said in an interview with the New Y…
