Business News

Tue, February 07, 2012

UBS predicts poor Q1 over euro zone woes

ZURICH (Reuters) - UBS warned of a poor first quarter as uncertainty surrounds the eurozone, its banks and U.S. deficit issues, as it posted ...

Mon, February 06, 2012

SEC to propose new rules for money-market funds: WSJ

(Reuters) - The Securities and Exchange Commission (SEC) will unveil proposals aimed at stabilizing money-market funds in the event of another financial panic, the Wall ...

Mon, February 06, 2012

Facebook governance a concern for California pension fund

By Paritosh Bansal and Soyoung Kim

NEW YORK (Reuters) - Facebook's corporate governance rules, which give shareholders little say in how the social networking ...

Mon, February 06, 2012

MGM gets $500 mln loan to expand film, TV slate

LOS ANGELES (Reuters) - Metro-Goldwyn Mayer said its lenders agreed to loan the studio $500 million to retire debt it took on when it emerged ...

Mon, February 06, 2012

Lockheed's F-35 fighter jet under renewed pressure

By Andrea Shalal-Esa

WASHINGTON (Reuters) - Key U.S. senators raised fresh questions about Lockheed Martin Corp's $382 billion F-35 fighter program on Monday ...

Mon, February 06, 2012

Mortgage deal faces setbacks, again

By Aruna Viswanatha and Karen Freifeld

(Reuters) - A multi-state mortgage settlement in the works for more than a year will likely be pushed back ...

Mon, February 06, 2012

SEC's Gallagher wants more oversight of brokers

By Sarah N. Lynch

WASHINGTON (Reuters) - Congress made a mistake when it stripped away most of the Securities and Exchange Commission's authority to ...

Mon, February 06, 2012

Ford won't bid to replace military Humvees

WASHINGTON (Reuters) - Ford Motor Co said on Monday it had decided not to participate in a new Pentagon competition to replace the U.S ...

Mon, February 06, 2012

UBS loses case to recoup bonus from ex-broker

By Suzanne Barlyn

(Reuters) - A former broker of a UBS AG unit can keep $1 million of a signing bonus he received when joining ...

Mon, February 06, 2012

BofA investor lawsuit wins class-action status

By Jonathan Stempel

(Reuters) - Investors suing Bank of America Corp won class-action status for their lawsuit accusing the bank of fraudulently misleading them about ...