Posted by Reuters: Business News on February 7, 2012
ZURICH (Reuters) – Swiss bank UBS posted a loss at its investment bank and warned that the unit’s poor performance would also affect first-quarter results as the euro zone debt crisis and worries about the health of the U.S. economy hurt business.
Posted by Reuters: Business News on February 6, 2012
NEW YORK (Reuters) – The mad rush to move client money out of MF Global Inc. after its collapse left two firms with the bulk of customer accounts, while other brokerages emerged with only minor gains from the chaos of carving up a multibillion-dollar business.
Posted by Reuters: Business News on January 27, 2012
(Reuters) – Facebook’s initial public offering is likely to set a new standard for how low investment banks are willing to go on advisory fees to win big business.
Posted by Reuters: Business News on January 20, 2012
DETROIT/TOKYO (Reuters) – General Motors Co regained its title as the world’s top-selling automaker from Japanese rival Toyota Motor Corp in 2011, but the U.S. company faces a challenge to stay on top this year as Toyota rebuilds its disaster-struck business.
Posted by Reuters: Business News on January 18, 2012
SAN FRANCISCO (Reuters) – EBay Inc reported a higher-than-expected quarterly profit on solid growth in its online marketplaces and an increase in transactions processed through its PayPal electronic payments business.
Posted by Reuters: Business News on
SAN FRANCISCO (Reuters) – EBay Inc’s fourth-quarter profit jumped as the e-commerce company saw solid growth in its online marketplaces and an increase in transactions processed through its PayPal electronic payments business.
Posted by Reuters: Business News on January 17, 2012
(Reuters) – The European debt crisis interrupted the plans of Citigroup Inc Chief Executive Vikram Pandit to rebuild the bank, which reported an 11 percent drop in quarterly profit and disappointed Wall Street amid lackluster investment banking and trading business.
Posted by Reuters: Business News on October 27, 2011
SAN FRANCISCO (Reuters) – Hewlett-Packard Co ditched a plan to spin off its personal computers unit, a month after the ouster of CEO Leo Apotheker whose idea would have cost billions of dollars in expenses and lost business.
Posted by Reuters: Business News on October 18, 2011
SAN FRANCISCO (Reuters) – Yahoo Inc’s net revenue and profit slipped in the third quarter, as the Internet company struggled to revive its online advertising business.
Posted by Reuters: Business News on September 16, 2011
ZURICH (Reuters) – Swiss bank UBS is expected to shrink its investment bank business — source of a $2 billion rogue trading loss — and could fire senior executives as it tries to retain worried private clients and avert a ratings downgrade.
