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Stock futures pare gains as crude oil rises
NEW YORK (Reuters) - U.S. stock index futures pared gains on Tuesday as crude oil prices advanced.
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Bernanke to tread cautiously before Congress
March 01, 2011 02:36 AM ET
WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke will likely remain skeptical about the strength of the economic recovery in testimony on Tuesday, despite recent data pointing to improvement, signaling the central bank is unlikely to cut short its $600 billion stimulus plan.
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February auto sales seen up but oil risk looms
March 01, 2011 03:48 AM ET
DETROIT (Reuters) - U.S. auto sales are expected to show a gain of about 20 percent from the still-depressed levels of a year earlier in February, but the recent rise in oil prices could slow or even derail the industry's recovery, analysts and industry executives say.
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Morgan Stanley hit by China-based hackers: report
March 01, 2011 07:17 AM ET
NEW YORK (Reuters) - Morgan Stanley experienced a "very sensitive" break-in to its network by the same China-based hackers who attacked Google Inc's computers more than a year ago, Bloomberg reported, citing leaked emails from an Internet security company.
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World factory input costs rising sharply
March 01, 2011 06:21 AM ET
LONDON/BEIJING (Reuters) - Factory input costs leapt across the globe in February, the latest sign of rising inflationary pressures, while euro zone manufacturing grew at its fastest in nearly 10 years, surveys showed on Tuesday.
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US TOP NEWS
Gaddafi deploys forces as world raises Libya pressure
March 01, 2011 07:40 AM ET
TRIPOLI (Reuters) - Libyan leader Muammar Gaddafi despatched forces to a western border area on Tuesday in defiance of Western military and economic pressure, stirring fears that the bloodiest Arab revolt may grow more violent.
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Wisconsin governor gives Democrats ultimatum
March 01, 2011 07:11 AM ET
MADISON, Wisc. (Reuters) - Republican Governor Scott Walker on Monday gave absent Democratic lawmakers an ultimatum to return to Wisconsin within 24 hours and vote on a proposal to reduce the power of public sector unions or the state would miss out on a huge debt restructuring.
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Blackstone buys Centro's U.S. malls for $9.4 billion
March 01, 2011 12:35 AM ET
SYDNEY (Reuters) - Private equity firm Blackstone Group LP has bought nearly 600 U.S. shopping malls from Australia's debt-laden Centro Properties for $9.4 billion in one of the biggest global property deals since the credit crisis.
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Government shutdown unlikely, but budget battle remains
February 28, 2011 06:32 PM ET
WASHINGTON (Reuters) - A deal to avert a government shutdown took shape in Congress on Monday, but the short-term spending measure would do nothing to resolve the bitter debate over federal spending.
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Lawmakers question Medicare payment contractors
March 01, 2011 12:13 AM ET
WASHINGTON (Reuters) - Democratic senators on Tuesday expressed concern that companies hired to help pay and oversee medical claims under the Medicare health insurance program may have costly conflicts of interest.
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