Economy & Finance

UPS appeals EU rejection of $6.7 billion TNT Express bid

Published 08/04/2013

NEW YORK (Reuters) - United Parcel Services Inc (UPS.N ) has appealed the European Union regulator's decision to block its 5.16 billion euro ($6.7 billion) [more…]

Weak job gains hurt economic outlook

Published 06/04/2013

WASHINGTON (Reuters) - American employers hired at the weakest pace in nine months in March, a sign tax hikes that kicked in early this year [more…]

Hedge fund manager Ackman says mistakes made in JCPenney turnaround

Published 05/04/2013

BOSTON (Reuters) - Hedge fund manager William Ackman said that Ron Johnson, the chief executive he handpicked to turn around JC Penney, has made "big [more…]

Puerto Rico approves public pension system overhaul

Published 05/04/2013

SAN JUAN (Reuters) - Puerto Rico Governor Alejandro Garcia Padilla has signed an overhaul of the U.S. territory's cash-short public pension fund into law, after [more…]

As jobs go, banks become better bets

Published 05/04/2013

NEW YORK (Reuters) - For a business whose main products fetch record prices, the financial services industry sure is firing a lot of people. That [more…]

Bankruptcy judge approves MF Global’s liquidation plan

Published 05/04/2013

NEW YORK (Reuters) - MF Global on Friday won court approval of a plan to liquidate its assets, pay back creditors and end the $40 [more…]

Exclusive: Some wealth advisers take a fee for client fund assets

Published 05/04/2013

(Reuters) - At least three wealth management firms that market themselves as objective financial advisers are getting payments for investing their clients' money in certain [more…]

Ex-Thomson Reuters employee sues over survey distribution

Published 05/04/2013

(Reuters) - A former Thomson Reuters Corp employee has filed a lawsuit saying he was fired for telling the Federal Bureau of Investigation that he [more…]

A five-point strategy for riding the bull

Published 05/04/2013

CHICAGO (Reuters) - With the U.S. stock market rallying this year, it may be enticing to take extra cash on hand and ride the bull. [more…]

Labor “scarring” reason for more bond buying: Fed official

Published 05/04/2013

(Reuters) - The Federal Reserve should continue buying bonds through this year due to a "scarring" of the labor market, and even more aggressive policies [more…]