MARKETS / FINANCE

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Rajaratnam jury told of Intel deal leaks

An Intel Corp executive testified that confidential details about a big wireless network transaction were leaked before the announcement of the deal, a key transaction in hedge fund founder's Raj Rajaratnam insider trading case.
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Wall Street sags but recent rally curbs losses

U.S. stocks edged lower on Tuesday following three days of gains, but the recent rally has investors feeling less edgy about crises in Japan and Libya, and should help keep losses in check.
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Fed had record 2010 profit, Treasury got the bulk

The Federal Reserve earned a record $81.7 billion in 2010, largely on investments made to help the economy and banks weather the 2007-2009 financial crisis, and turned the bulk of it over to the U.S. Treasury.
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Markets edge lower, but VIX also drops

U.S. stocks edged lower on Tuesday following three days of gains, but further losses may be limited as investors have adapted to a defensive strategy.
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G7 yen-selling intervention estimated at Y530 billion

The Group of Seven (G7) countries may have sold a total of around 530 billion yen ($6.5 billion) on Friday as they intervened in forex markets to weaken the currency, data from the Bank of Japan showed on Tuesday.
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Dollar General forecasts higher sales, profit

Dollar General Corp posted a higher quarterly profit as more shoppers visited the discount chain for gifts and food during the holiday season and said it expected sales and earnings to rise again this fiscal year.
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PIMCO raises $1.5 billion to target bank assets: report

Pacific Investment Management Co , the manager of world's largest bond fund, has raised more than $1.5 billion for a new fund to buy assets from banks looking to strengthen their balance sheets, Bloomberg said, citing two people with knowledge of the fundraising.
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U.S. firms frustrated by Chinese red tape

U.S. firms are increasingly vexed over growing Chinese red tape that prevents them from expanding quickly in China's vast market, a survey by the American Chamber of Commerce showed on Tuesday.
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China dismisses Google accusations on Gmail

China's Foreign Ministry said on Tuesday that it did not accept accusations from Google Inc that the Chinese government was making it difficult for Gmail users to use the service in the country.
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U.S. firms say hamstrung by red tape in China

U.S. firms are increasingly vexed over growing Chinese red tape that prevents them from expanding quickly in China's vast market, a survey by the American Chamber of Commerce showed on Tuesday.
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Japan renews warning on yen, new offer to opposition

Japan tried to keep the yen in check on Tuesday as it grapples with the aftermath of a deadly earthquake and tsunami, warning markets that Tokyo was keeping a close watch on the currency and would act together with its G7 partners if needed.
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Japan stocks up 4 percent

Japanese shares rose almost 4 percent on Tuesday while government bond futures slipped as reports of progress to contain radiation leaks at a quake-hit nuclear plant prompted investors to buy back risky assets.
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Global stocks up on Japan progress

Japanese stocks jumped more than 4 percent on Tuesday amid reports of progress in stabilizing an earthquake-damaged nuclear plant and the yen edged up, putting traders on heightened alert for more central bank intervention.
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Japan stocks jump 4 percent

Japanese stocks jumped nearly 4 percent on Tuesday amid reports of progress in stabilizing an earthquake-damaged nuclear plant, and the yen was broadly weaker on the prospects for further intervention by major central banks.
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Verizon Wireless CEO says no interest in Sprint deal

The chief executive of Verizon Wireless said he has no interest in buying Sprint Nextel Corp even as the company stands to lose its top position in the U.S. wireless market because of a merger between AT&T Inc and T-Mobile USA.
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Shutterfly looks to gain from social media with $333 mln deal

Shutterfly said it agreed to buy privately held card design company Tiny Prints in a $333 million cash-and-stock deal, as the photo-sharing service tries to win back customers in a market increasingly dominated by social networking sites like Facebook.
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Microsoft sues Barnes & Noble over Nook reader

Microsoft Corp filed lawsuits for patent infringement on Monday against bookseller Barnes & Noble Inc over its Nook electronic book reader, widening the software company's legal assault on devices running on Google Inc's Android system.
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U.S. employees accuse Bayer of discrimination

NEW YORK, March 21 - Six former and current employees of a U.S. unit of Bayer AG filed a class-action lawsuit against the company on Monday, alleging gender discrimination in pay, promotions and the treatment of pregnant women and mothers.
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Employees accuse Bayer of discrimination

NEW YORK, March 21 - Six former and current employees of a U.S. unit of Bayer AG filed a class-action lawsuit against the company on Monday, alleging gender discrimination in pay, promotions and the treatment of pregnant women and mothers.

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