Hertz Global Holdings Inc agreed to buy smaller rival Dollar Thrifty Automotive Group Inc for about $1.2 billion in a deal that will make it the second-biggest U.S. car rental company.
IBT Staff Reporter
Apr 26, 2010
Republicans will eventually vote for financial reform, paving the way for the completion this year of a massive rewrite of rules for banks and financial markets, the head of the American Bankers Association said on Monday.
IBT Staff Reporter
Apr 26, 2010
BlackRock Inc , the giant money management firm, reported weaker-than-expected quarterly earnings as its funds businesses saw outflows and customers shifted to passive funds over more actively-managed ones.
IBT Staff Reporter
Apr 26, 2010
Republicans will eventually vote for financial reform, paving the way for the completion this year of a massive rewrite of rules for banks and financial markets, the head of the American Bankers Association said on Monday.
IBT Staff Reporter
Apr 26, 2010
The Dow industrials rose on Monday on Caterpillar's strong results, while weak bank shares left the broad S&P 500 index little changed.
IBT Staff Reporter
Apr 26, 2010
Caterpillar Inc reported a stronger-than-expected quarterly profit on Monday and raised its full-year profit and sales forecasts, citing an improving global economy, especially in Asia and Latin America.
IBT Staff Reporter
Apr 26, 2010
Differences over how Europe and the United States plan to regulate derivatives is muddying the picture for buyers, who could be saddled with higher costs, a top industry official told the Reuters Global Financial Regulation Summit.
IBT Staff Reporter
Apr 26, 2010
Germany said on Monday it could offer aid for Greece within days if it agreed to painful new austerity measures, but rescue jitters pushed the cost of insuring against a Greek debt default to a record high.
IBT Staff Reporter
Apr 26, 2010
BlackRock Inc ., the giant money management firm, reported weaker-than-expected quarterly earnings as its quantitative and cash management funds businesses saw outflows.
IBT Staff Reporter
Apr 26, 2010
The most sweeping overhaul of financial regulation since the Great Depression was on track to fail its first procedural test on Monday in the Senate, where Republicans vowed to block the Democratic bill.
IBT Staff Reporter
Apr 26, 2010
Germany set tough terms on Monday for Greece to secure emergency aid, increasing uncertainty over a financial rescue that pushed the cost of insuring against a Greek debt default to a record high.
IBT Staff Reporter
Apr 26, 2010
Germany called on Monday for a financial rescue to be ready for Greece by a May 19 debt deadline after uncertainty over the terms and implementation of the aid package pushed Athens' borrowing costs up to a 12-year high.
IBT Staff Reporter
Apr 26, 2010
Fabrice Tourre and his girlfriend talked like a couple very much in love.
IBT Staff Reporter
Apr 26, 2010
More U.S. companies plan to increase their work force over the next six months, a survey showed on Monday, which could lead to a stronger recovery.
IBT Staff Reporter
Apr 26, 2010
If the U.S. Congress approves financial regulation reform -- and that looks likely to happen soon -- banking stands to become a duller business.
IBT Staff Reporter
Apr 26, 2010
Uncertainty over an aid package for Greece pushed up its borrowing costs to a 12-year high on Monday, with demands from Germany for further austerity measures before aid is granted heightening the tension.
IBT Staff Reporter
Apr 26, 2010
German Chancellor Angela Merkel's ruling coalition will back Greek aid because the euro's future is at stake, but Greece must first prove it is tackling its budget deficit, a senior official in her party said.
IBT Staff Reporter
Apr 26, 2010
Some of the biggest players in U.S. energy markets have told the Commodity Futures Trading Commission that its proposal to curb speculation is misguided and will drive investors to overseas and unregulated markets.
IBT Staff Reporter
Apr 26, 2010
Venezuela's economy could shrink for the second consecutive year in 2010, President Hugo Chavez said on Sunday, reversing an earlier forecast of growth in a sign the OPEC nation is struggling to recover from recession.
IBT Staff Reporter
Apr 25, 2010
Nielsen, the world's largest TV and consumer measurement company, plans to begin hiring bankers for its initial public offering, the Financial Times reported on Sunday.
IBT Staff Reporter
Apr 25, 2010
The People's Bank of China must choose between preserving domestic price stability and defending the yuan's fixed exchange rate as it is not possible to hit both targets at once, an adviser to the central bank said on Sunday.
IBT Staff Reporter
Apr 25, 2010
The International Monetary Fund pledged on Sunday to keep working on plans to make bankers bear the burden of their own bad behavior and not to lose heart over opposition to their first ideas for a global bank tax.
IBT Staff Reporter
Apr 25, 2010
With official interest rates near zero and the Federal Reserve unable to cut them any further, every policy meeting by definition brings the central bank one step closer to an eventual monetary tightening.
IBT Staff Reporter
Apr 25, 2010
China overtook large European nations in a shift in voting power at the World Bank on Sunday that was designed to give emerging economies greater influence in the global development institution.
IBT Staff Reporter
Apr 25, 2010
Greece's finance minister said Sunday aid will arrive in time to avert the euro zone's first sovereign debt default as signs grew that a 45 billion-euro ($60.49 billion) rescue would have to be bigger.
IBT Staff Reporter
Apr 25, 2010
Switzerland's economy minister said she hoped parliament would not link a deal between UBS and the United States on disclosing secret bank accounts with questions such as bankers' bonuses, the newspaper Sonntag reported on Sunday.
IBT Staff Reporter
Apr 25, 2010
Senators negotiating financial regulatory reform legislation said on Sunday they were close to a bipartisan agreement, as the White House said fraud charges against Wall Street titan Goldman Sachs highlighted the need for reform.
IBT Staff Reporter
Apr 25, 2010
Wall Street is heading into another earnings blitz this week and the prospects of strong results from bellwethers like Caterpillar Inc and 3M Co should propel indexes to new recovery highs.
IBT Staff Reporter
Apr 25, 2010
Greece's finance minister said on Sunday aid would arrive fast enough to avert a debt default as signs grew that a 45 billion euro ($60.49 billion) rescue package would have to be increased.
IBT Staff Reporter
Apr 25, 2010
Senators negotiating financial regulatory reform legislation said on Sunday they were close to a bipartisan agreement, but conceded they may not get a deal before a crucial Senate vote on Monday.
IBT Staff Reporter
Apr 25, 2010
