Former German Finance Minister Peer Steinbrueck said on Sunday he was not interested in being a candidate to lead the European Central Bank because he shares the same views as outgoing Bundesbank president Axel Weber.
Deutsche Boerse and NYSE Euronext may call a merged company DB NYSE Group, according to two people close to the negotiations, though the companies said no name for what could become the world's largest exchange operator has been picked.
Greece accused the EU and IMF of interfering in its domestic affairs on Saturday after the international lenders said Athens must speed up reforms and sell more public assets.
Deutsche Boerse and NYSE Euronext plan to call a combined company DB NYSE Group and will likely sidestep thorny issues of technology in a bid to strike a merger deal by Tuesday, two people close to the negotiations said.
A top Federal Reserve official said on Friday he believes the U.S. economy is no longer at risk of slipping into a damaging deflationary spiral but that it would be unwise for the Fed to suddenly shift course.
(Corrects fourth graph to say $1.7 trillion instead of billion)
Internet radio company Pandora Media Inc filed to raise up to $100 million in an initial public offering of common stock, becoming the latest technology company to test the public markets. Pandora, which runs an online service that allows users to stream free music based on feedback from the listener, has 80 million registered users.
NYSE Euronext and Deutsche Boerse plan to call a combined company DB NYSE Group and will likely sidestep thorny issues of technology in a bid to strike a deal by Tuesday, two persons close to the negotiations said.
Greece slammed the EU and IMF on Saturday and told them to stop interfering in its domestic affairs after the lenders said Athens was broadly on track but must speed up reforms, sell more assets and fight vested interests.
Bundesbank president Axel Weber confirmed on Saturday he would not be a candidate to head the European Central Bank, blaming resistance in some European countries to his hardline monetarist stance.
The German government may need a two-thirds majority in parliament to approve any deal on the new permanent rescue mechanism for the euro zone, meaning it will need opposition support for any compromise, Der Spiegel magazine reported on Saturday.
Bundesbank president Axel Weber confirmed on Saturday he would not be a candidate to head the European Central Bank, blaming resistance in some European countries to his hardline monetarist stance.
A top Federal Reserve official on Friday warned mortgage servicing industry executives they could face enforcement actions and that they shoulder some of the blame for a sluggish economic recovery.
A Google Inc executive who has become a hero of the Egyptian revolution is public relations gold for the Internet power, but analysts say the company must be careful not to overplay its hand.
A top executive at Activision Blizzard, the largest video game publisher in the United States, defended the company's strategy of investing only in a few big hits.
The boards of NYSE Euronext and Deutsche Boerse AG are expected to meet on Tuesday for a final vote on their planned deal, a source close to the situation said on Friday, as exchanges left out of the merger frenzy plotted their response.
The Obama administration nailed a 'condemned' sign on the wrecked U.S. housing finance system on Friday but did not offer a clear blueprint for a rebuilding project that promises to take years.
Shares of Kinder Morgan Inc rose 3.5 percent above their initial public offering price on Friday as investors showed their appetite for the U.S. pipeline company's cash flow and yields.
The board of NYSE Euronext is expected to meet on Sunday to discuss a planned takeover by Deutsche Boerse, sources close to the deal said, while exchanges left out of the merger frenzy plotted their response.
Telus Corp posted a 46 percent jump in quarterly profit on Friday, driven largely by strong data and wireless revenue, the Canadian telecoms company said, as it pushes ahead with its Internet television service.
Level Global Investors, one of four hedge funds raided by U.S. authorities last November in a broad investigation into insider trading, told investors on Friday it would shut down, citing the pressure of the probe and investor redemptions.
Corrects name of executive quoted in ninth paragraph to Chief Commercial Officer Joe Natale, from CEO Darren Entwistle
The Justice Department filed a federal suit over the restructuring of bond insurer Ambac, saying that a state court did not have the power to prevent the federal government from collecting potentially more than $700 million in taxes.
Stocks closed out their second straight week of gains with a rally on Friday sparked after Egyptian President Hosni Mubarak resigned, easing tension around the region for now.
Shares of Kinder Morgan Inc rose more than 5 percent above their initial public offering price on Friday as investors scooped up stakes in the U.S. pipeline company.
Exchanges left out of the flurry of announced takeovers this week said they are considering striking their own deals or looking to take advantage of the distractions, in early signs of ripples through the world's capital markets.
U.S. stocks closed out their second straight week of gains on Friday with a rally sparked after Egyptian President Hosni Mubarak resigned, easing tension around the region for now.
U.S. consumer sentiment rose to its highest level in eight months in early February, boosted by recent tax cuts and optimism about the economy, a survey released on Friday showed.
Wisconsin's new Republican governor on Friday proposed sharply curtailing the bargaining rights of public employee unions and other cost-saving measures to rein in the state's growing budget deficit.Governor Scott Walker said he will ask the Republican-controlled legislature to pass his budget repair bill next week. He said it was aimed at bringing stability to state finances and stave off employee layoffs this year.
Needing to ask for someone's help at some point is almost unavoidable, and there are some useful ways to go about it, says Harvard Business Review. The Management Tip of the Day offers quick, practical management tips and ideas from Harvard Business Review and HBR.org (www.hbr.org). Any opinions expressed are not endorsed by Reuters.
