Business News

Fri, January 27, 2012

Bloomberg exec in talks to run New Corp's Dow Jones

(Reuters) - Rupert Murdoch's News Corp is in "serious talks" to poach veteran Bloomberg LP executive Lex Fenwick to run its Dow Jones publishing ...

Fri, January 27, 2012

Exiting watchdog sees flaws in SEC's rulewriting

By Sarah N. Lynch

WASHINGTON, DC (Reuters) - In his final act before departing the Securities and Exchange Commission on Friday, the agency's inspector ...

Fri, January 27, 2012

Citigroup cut investment bank bonuses by 30 percent: report

(Reuters) - Citigroup has cut bonuses for its investment banking division by about 30 percent on average, Bloomberg said, citing a person briefed on the ...

Fri, January 27, 2012

Hotel industry looks for deal pace to pick up

By Karen Jacobs

LOS ANGELES (Reuters) - Hotel companies and real estate firms are optimistic that deal transactions will pick up this year despite concerns ...

Fri, January 27, 2012

Goldman, Berkshire names surface in Gupta case

By Grant McCool

NEW YORK (Reuters) - The names of a Goldman Sachs board member and a top executive of Berkshire Hathaway surfaced on Friday ...

Fri, January 27, 2012

Some G20 countries soften stance on Europe: sources

By Francesca Landini and Luis Rojas

MILAN/MEXICO CITY (Reuters) - Some of the world's biggest economies want to move quickly on a cash ...

Fri, January 27, 2012

Vanishing inflation bolsters case for Fed easing

By Pedro da Costa and Jason Lange

WASHINGTON (Reuters) - It has only been a few days since the Federal Reserve adopted a formal goal ...

Fri, January 27, 2012

Subpoenas issued to financial firms in expanded probe

By Aruna Viswanatha and James Vicini

WASHINGTON (Reuters) - The Justice Department issued civil subpoenas to 11 financial institutions as part of a new effort ...

Fri, January 27, 2012

Wal-Mart puts U.S. marketing under merchandising

By Jessica Wohl

(Reuters) - Wal-Mart Stores Inc said on Friday that its U.S. marketing team would now work under the leadership of its ...

Fri, January 27, 2012

In Facebook IPO, bankers seek prestige over fees

By Lauren Tara LaCapra

(Reuters) - Facebook's initial public offering is likely to set a new standard for how low investment banks are willing ...