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Reuters: Business News
Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals.

Reuters News
  • Asia stocks slip on U.S. worries
    HONG KONG (Reuters) - Asian stocks sagged on Friday as worries U.S. growth data may surprise on the downside and downbeat comments from a Federal Reserve official gave investors reason to book profits from a steady rally this month.




  • Economic growth seen slower in Q2 on imports
    WASHINGTON (Reuters) - Economic growth likely slowed in the second quarter as a capital investment drive by businesses was sated by imports and consumer spending tapered off, a government report is expected to show on Friday.




  • Citigroup to pay $75 million to settle SEC charges
    NEW YORK (Reuters) - Citigroup Inc will pay $75 million to settle charges that it failed to disclose subprime exposure to investors in 2007, the U.S. Securities and Exchange Commission said on Thursday.




  • Colgate, Glaxo sue over toothpaste "nurdle"
    NEW YORK (Reuters) - Two lawsuits have been filed over a gob of toothpaste.




  • Disney sells Miramax for over $660 million to Filmyard
    LOS ANGELES/BANGALORE (Reuters) - Walt Disney Co has sold film studio Miramax for more than $660 million to Filmyard Holdings LLC, ending months of talks between the media group and various bidders.




  • Goldman Sachs eyes Slovenian top bank: report
    LJUBLJANA (Reuters) - Goldman Sachs is interested in taking over Slovenia's largest bank Nova Ljubljanska Banka (NLB), daily paper Finance reported on Friday, citing unofficial government sources.




  • SEC charges Wyly brothers with $550 million fraud
    NEW YORK (Reuters) - The Securities and Exchange Commission charged billionaire Samuel Wyly and his brother Charles with fraud for reaping more than $550 million of illicit gains by trading stock in four companies while they were serving as directors.




  • Samsung Elec sees weak profit after record Q2
    SEOUL (Reuters) - Samsung Electronics , the world's No.1 memory chipmaker, warned of weaker margins and profit growth after posting record quarterly earnings, as prices of chips and flat screens drop and smartphone competition grows.




  • Fed officials clash on need for more stimulus
    WASHINGTON (Reuters) - Federal Reserve officials clashed on Thursday over whether the central bank should be more aggressive in supporting the stumbling economy and one said the Fed's current policy may be contributing to worryingly low levels of inflation.




  • Growing smartphone battle seen hitting vendors' profits
    HELSINKI (Reuters) - An increasingly heated battle in the global smartphone market is set to weigh on handset vendors' profit margins during the remainder of the year, analysts said on Friday.





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