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Latest International Business News

• S&P 500 hits 17-month high as banks lift Wall St

  11 Mar 2010

  NEW YORK (Reuters) - The S&P 500 hit a 17-month closing high as rising bank shares led a late rally that lifted stocks on Thursday, more than offsetting worries China may move to cool its overheating economy. ..More

• Lehman insolvent weeks before bankruptcy: examiner

  12 Mar 2010

  NEW YORK (Reuters) - Lehman Brothers Holdings Inc used accounting gimmicks and had been insolvent for weeks before it filed for bankruptcy in September 2008, a court-appointed examiner said, but he did not find extensive wrongdoing. ..More

• Bank reform talks fail, Dodd to go solo

  11 Mar 2010

  WASHINGTON (Reuters) - Chances of a broad overhaul of U.S. financial regulation dimmed on Thursday after bipartisan Senate talks collapsed, jeopardizing a top Obama administration priority and boosting bank share prices. ..More

• Toyota discounts boost sales, U.S. mulls "black box"

  11 Mar 2010

  DETROIT/WASHINGTON (Reuters) - Unprecedented discounts after a series of damaging recalls boosted Toyota Motor Corp's U.S. sales in early March, as U.S. regulators weighed new auto safety measures. ..More

• Citigroup sees return to sustained profitability

  11 Mar 2010

  NEW YORK (Reuters) - Citigroup Inc Chief Executive Vikram Pandit told investors on Thursday the bank is on track to return to sustained profitability and losses from some of its worst assets should be manageable if the economy does not deteriorate. ..More

• Movie "Avatar" has few fans among mining execs

  11 Mar 2010

  NEW YORK (Reuters) - It's enough to make a mining executive grit his teeth or his kids to give him the silent treatment. ..More

• Jobless claims fall, trade gap narrows on oil

  11 Mar 2010

  WASHINGTON (Reuters) - The number of U.S. workers filing new claims for unemployment benefits fell only slightly last week, indicating a sluggish return to jobs growth. The U.S. trade gap shrank as oil imports fell. ..More

• Fed seen keeping "extended period" low rate vow

  11 Mar 2010

  WASHINGTON (Reuters) - Lingering U.S. labor market weakness and nagging doubts about the solidity of the economic recovery are expected to keep the Federal Reserve committed to holding borrowing costs very low for a long time at a monetary policy meeting next week. ..More

• Exxon boosts 2010 capital spending to $28 billion

  11 Mar 2010

  NEW YORK (Reuters) - Exxon Mobil Corp will increase capital spending nearly 4 percent this year to $28 billion in part as the largest U.S. oil company seeks to increase its share of the global market for natural gas. ..More

• BP to pay Devon $7 bln for fields

  11 Mar 2010

  LONDON/NEW YORK (Reuters) - BP will pay $7 billion to Devon Energy for assets that will extend its reach into Brazil and bulk up its position in the Gulf of Mexico, as the world's top oil companies look to acquisitions to refill depleting reserves. ..More

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