Reuters News Archive - Yahoo! Finance

Fed's Plosser says U.S. to withstand euro fallout: WSJ

Mon, 28 May 2012 21:24:48 +0000

The United States is well poised to withstand any fallout from Europe's escalating debt crisis, a top Federal Reserve executive told the Wall Street Journal. Charles Plosser, president of the Federal Reserve ...

Powerful "Flame" cyber weapon found in Iran

Mon, 28 May 2012 21:11:55 +0000

Security experts have discovered a highly sophisticated computer virus in Iran and other Middle East countries that they believe was deployed at least five years ago to engage in state-sponsored cyber ...

Marubeni nears $5 billion-plus Gavilon deal: sources

Mon, 28 May 2012 21:08:02 +0000

Japanese trading house Marubeni Corp is nearing a deal to buy U.S. grains merchant Gavilon for more than $5 billion including debt and could announce the transaction as early as Tuesday afternoon in Tokyo, ...

Spanish debt costs spiral as crisis deepens

Mon, 28 May 2012 20:33:04 +0000

Spanish 10-year borrowing costs neared the 7 percent danger level and Bankia shares hit record lows on Monday after the government, struggling to sort out its finances, proposed putting sovereign debt ...

Xstrata committed to Peru despite protest

Mon, 28 May 2012 20:10:50 +0000

Protests at Xstrata's Tintaya copper mine in southern Peru have blocked transport links, but it is operating normally and its port on the Pacific coast has stocks of concentrates for the time being, a ...

Shell puts Alberta oil sands project on the block

Mon, 28 May 2012 20:07:57 +0000

Royal Dutch Shell Plc has put an Alberta oil sands project on the block, six years after acquiring it as part of a C$2.4 billion acquisition near the height of the last Canadian energy boom. Shell aims ...

Brazil's PDG Realty jumps on offer of new capital

Mon, 28 May 2012 20:06:47 +0000

Shares of PDG Realty , Brazil's biggest homebuilder, jumped on Monday after a local private-equity firm offered to shore up the company's balance sheet as it confronts tighter credit and rising debt levels. ...

Bankia parent group BFA posts 2011 loss of 3.3 billion euros

Mon, 28 May 2012 20:00:24 +0000

BFA, the parent group of nationalized Spanish bank Bankia , said on Monday it had restated its 2011 results to reflect a 3.3 billion euro loss, rather than a 41 million euro profit, following a bailout ...

RIM's top lawyer joins parade of resignations

Mon, 28 May 2012 19:57:46 +0000

The top lawyer at Research In Motion Ltd has resigned and will soon leave the struggling BlackBerry maker, RIM said on Monday, joining a parade of long-time company executives to depart since Thorsten ...

Factbox: Five facts about "Flame"

Mon, 28 May 2012 19:56:21 +0000

Researchers may have gleaned new information about the extent to which nations are engaged in cyber warfare with the discovery of a virus known as Flame. Kaspersky Lab, which on Monday claimed credit for ...