‘Finance’ Articles
JPMorgan slashes $710 million Lehman bankruptcy claim
(Reuters) - JPMorgan Chase & Co has agreed to drop almost all of a $710 million claim against Lehman Brothers Holdings Inc's bankruptcy estate, freeing up more money to be distributed to creditors, Lehman said on Wednesday.
AMR wants to cut 13,000 jobs, pensions
(Reuters) - AMR Corp, the parent of bankrupt American Airlines, wants to slash 13,000 jobs and terminate employee pension plans as part of a cost-cutting strategy the carrier says is necessary to compete with rivals.
Global manufacturing activity rises in January
WASHINGTON/LONDON (Reuters) - Factory activity rose in China, the United States and Germany in January, and the three manufacturing superpowers drove gains in global output even as Europe struggles with fallout from its festering debt crisis.
Facebook files for mega-IPO
(Reuters) - Facebook filed for its hotly anticipated initial public offering on Wednesday, setting the stage for Silicon Valley's largest-ever IPO.
Exclusive: MF Global triggers regulatory rethink at CFTC
WASHINGTON (Reuters) - The head of the Commodity Futures Trading Commission has ordered an extensive review of how futures brokerages are regulated, following the collapse of MF Global three months ago, a CFTC official told Reuters on Wednesday.
Wall Street starts February strong on factory data, Greece
NEW YORK (Reuters) - Stocks extended January's rally on Wednesday after upbeat global manufacturing data boosted sentiment and as Greece neared a long-delayed deal with private creditors.
Exclusive: Mortgage deal would give states enforcement clout
(Reuters) - A proposed settlement to resolve mortgage abuses by top U.S. banks will give states broad authority to punish firms that mistreat borrowers in the future, according to documents seen by Reuters on Wednesday.
Auto sales in January show unusual strength
DETROIT (Reuters) - Major automakers reported a nearly 12 percent gain in U.S. sales in January, a surprisingly strong showing driven by the growing need for American drivers to replace aging cars and trucks.
