NEW YORK (Reuters) - U.S. stocks face more turbulence that could send indexes spiraling through key levels this week as doubts about the global recovery’s pace persist and fears linger over Europe’s sovereign debt woes.
NEW YORK (Reuters) - CIT Group Inc has hired former Merrill Lynch CEO John Thain as its new chief executive, the commercial lender said late on Sunday, wagering that the well-traveled executive can guide its post-bankruptcy turnaround.
TOKYO (Reuters) - Toyota Motor Corp is preparing a recall of its new Prius hybrid car in Japan as early as Tuesday, followed by similar steps in the United States, Europe and other markets, a source familiar with its plans said.
LONDON (Reuters) - Mining group Xstrata reinstated dividends on Monday citing an encouraging outlook for commodities demand in the medium term after posting an expected 41 percent fall in 2009 profit on weaker metals prices.
NEW YORK (Reuters) - Sidestepping the usual slapstick comedy and animal tricks, a number of advertisers tried to score during Sunday’s Super Bowl with commercials that tapped into men’s ambivalence with their everyday lives.
TOKYO (Reuters) - Sumitomo Mitsui Financial Group, Japan’s third-biggest bank by assets, outshone it larger rivals and posted its biggest profit in seven quarters on Monday, helped by an improvement in its stock portfolio and a decline in bad loans.
FRANKFURT (Reuters) - The abrupt resignation of SAP AG’s chief executive Leo Apotheker put pressure on the group’s stock on Monday as the market sought direction on where the world’s largest business-software company is headed.
ATHENS (Reuters) - Greece will lower the current 75,000 euro income threshold that is subject to a 40 percent tax rate as part of reforms to urgently boost government revenues, the country’s finance minister said on Monday.
NEW YORK (Reuters) - IBM is beginning a long-awaited upgrade to a range of servers and other hardware to make them more energy-efficient and competitive than rival products by Hewlett-Packard and Sun Microsystems Inc.
TORONTO/HONG KONG (Reuters) - The euro and growth-linked currencies fell on Monday as investors unwound risky trades amid growing worries about eurozone’s debt problems, dismissing assurances from European finance ministers at the weekend.
