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Archive for the ‘Financial News’ Category

Buffett’s Berkshire muscles into Thai reinsurance

HONG KONG/BANGKOK (Reuters) - Warren Buffett's Berkshire Hathaway is pushing into the Thai reinsurance market and selling cover for higher rates, taking advantage of the retreat of competitors such as France's CCR after they suffered losses from last year's floods.... Full story

U.S. wants more talks on Japan bid to join Pacific trade group

WASHINGTON (Reuters) - The United States said on Wednesday it was still considering whether to support Japan's bid to join talks on a trans-Pacific regional free trade agreement, three months after Tokyo announced interest in the negotiations.... Full story

HP profit plummets, CEO urges patience

SAN FRANCISCO (Reuters) - Hewlett-Packard Co's earnings fell nearly 44 percent and the world's No. 1 computer maker forecast a second-quarter profit below Wall Street estimates as it struggles with weak sales of PCs and printers. ... Full story

Greece pores over bailout laws amid protests

ATHENS (Reuters) - Trade unionists, communists and pensioners angry at punishing spending cuts in Greece marched through central Athens on Wednesday as lawmakers set to work on legislation needed to secure payment of a second bailout for the debt-laden country.... Full story

UPDATE 1-BP, Anadarko, Transocean may face US spill claims

Feb 22 (Reuters) - BP Plc and Anadarko Petroleum Corp are liable and Transocean Ltd may be liable for civil damages under federal pollution laws over the catastrophic 2010 Gulf of Mexico oil spill, a U.S. judge ruled. Reuters: Company News Full story

G20 hopes for progress on EU debt crisis: Carstens

MEXICO CITY (Reuters) - Group of 20 policymakers are hoping for a signal this weekend that Europe will boost crisis funding, smoothing the way for a deal to increase International Monetary Fund resources, the head of Mexico's central bank said on Wednesday.... Full story

US Consumer Bureau Targets Overdraft Fees

Overdraft fees, a profit center for banks, are the latest target of a new U.S. financial watchdog, which said Wednesday it would demand data from banks and work to make checking-account statements easier to understand. FOXBusiness.com Full story

Burned before, Fed officials cautious on rebound

WASHINGTON (Reuters) - U.S. central bank officials have good reason to be skeptical about the strength of the economy: excessive optimism has caught them flat-footed before. ... Full story

Exclusive: Palo Alto Networks, other tech firms tee up IPOs

NEW YORK (Reuters) - A series of technology companies, including security software maker Palo Alto Networks, are preparing to go public on the heels of Facebook's -billion filing, sensing a window of opportunity as the stock market rallies.... Full story

Analysis: Goldman’s top brass gun for cash bonuses

(Reuters) - While Wall Street slashes pay and freezes cash awards, Goldman Sachs Group's top five executives may reap special bonuses of .5 million apiece if the firm hits historically easy profit targets over the next two years.... Full story
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