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Updated: 2 weeks 4 days ago

GM CEO Barra confident about value of company's stock

Mon, 05/04/2015 - 15:15
KANSAS CITY, Kan. (Reuters) - General Motors Co's chief executive said on Monday she is confident the company will convince investors of the value of holding on to GM's stock, which has dropped nearly 9 percent since mid-March despite a $5 billion share buyback plan.

Cisco veteran Robbins to take over as CEO from Chambers

Mon, 05/04/2015 - 15:00
(Reuters) - Cisco Systems Inc Chief Executive John Chambers will step down in July after 20 years at the helm of the network equipment maker, a symbol of the stock boom 15 years ago now struggling to boost its bottom line in the era of cloud computing.

Wall St. higher led by health, finance stocks

Mon, 05/04/2015 - 14:46
(Reuters) - Wall Street was up on Monday afternoon, adding to gains from Friday, as investors bought beaten-down healthcare stocks and Berkshire Hathaway led finance stocks higher.

Greenlight's Einhorn slams oil frackers, Meister touts Yum at Sohn

Mon, 05/04/2015 - 14:32
NEW YORK (Reuters) - Billionaire hedge fund manager David Einhorn kicked off the 20th annual Sohn Investment Conference in New York on Monday by laying out his case against oil frackers, arguing that these companies drill "lots and lots of holes" and burn through plenty of cash.

Fed's Evans: rate hikes could start sooner, if kept slow

Mon, 05/04/2015 - 14:26
COLUMBUS, Ind. (Reuters) - With U.S. inflation uncomfortably low and the unemployment rate still too high, the Federal Reserve should hold off on raising short-term interest rates until early next year, a top Fed policymaker said on Monday.

GE ties up with Qualcomm, Apple in new lighting business bet

Mon, 05/04/2015 - 14:20
(Reuters) - General Electric Co on Monday announced collaborations with Qualcomm Inc and Apple Inc as it uses digital technology and the growing appetite for data to reinvigorate its 130-year-old lighting business.

GE boss to meet EU antitrust chief probing Alstom deal: source

Mon, 05/04/2015 - 14:17
BRUSSELS (Reuters) - General Electric's CEO will meet Europe's antitrust chief on Tuesday, according to a source, in what is expected to be a push for unconditional EU approval for its 12.4-billion-euro ($13.8 billion) bid for an Alstom business.

U.S. factory orders rebound solidly, but trend still soft

Mon, 05/04/2015 - 13:37
WASHINGTON (Reuters) - New orders for U.S. factory goods recorded their biggest increase in eight months in March, boosted by demand for transportation equipment, but the underlying trend remained weak against the backdrop of a strong dollar.

McDonald's reset to change structure, cut costs, boost franchises

Mon, 05/04/2015 - 12:32
(Reuters) - McDonald's Corp's new chief executive officer said on Monday he would reorganize business units, sell restaurants to franchisees and cut costs in a bid to turn the fast-food chain into a "modern, progressive burger company."

Buffett defends core holdings like IBM, Coca-Cola, in interview

Mon, 05/04/2015 - 12:20
NEW YORK (Reuters) - Billionaire investor Warren Buffett defended some of his core holdings in a televised interview on Monday, but reiterated that equities in general would look expensive in an environment with normal interest rates.

Supreme Court hands win to Barclays over $4 billion in Lehman assets

Mon, 05/04/2015 - 11:17
WASHINGTON (Reuters) - The U.S. Supreme Court on Monday allowed Barclays Plc to claim about $4 billion of disputed assets as part of its hurried purchase of much of Lehman Brothers Holdings Inc's[LEHRG.UL] brokerage unit at the height of the 2008 financial crisis.

Bull market 'supercycle' for stocks, bonds ending: Bill Gross

Mon, 05/04/2015 - 10:43
NEW YORK (Reuters) - The bull market "supercycle" for stocks and bonds is approaching an end, as the unconventional monetary policies that have bolstered asset prices since the financial crisis are running out, widely followed investor Bill Gross said on Monday.

Bank of America plans vote on change allowing CEO to be chairman

Mon, 05/04/2015 - 09:49
NEW YORK (Reuters) - Bank of America Corp plans to hold a shareholder vote on the change the board made in October to company bylaws to allow Chief Executive Officer Brian Moynihan to also be chairman.

Oil slips after hitting 2015 high above $67

Mon, 05/04/2015 - 09:42
LONDON (Reuters) - Oil eased toward $66 a barrel on Monday after reaching a 2015 high, as ample current supplies and weak Chinese factory activity countered expectations of a tighter supply and demand balance later this year.

China April HSBC PMI shows biggest drop in factory activity in a year

Mon, 05/04/2015 - 08:31
BEIJING (Reuters) - China's factories suffered their fastest drop in activity in a year in April as new orders shrank, a private business survey showed on Monday, hardening the case for fresh stimulus measures to halt a slowdown in the world's second-largest economy.

VW board will discuss recruitment of new chairman: sources

Mon, 05/04/2015 - 08:22
BERLIN/HAMBURG (Reuters) - Volkswagen's supervisory board will on Monday discuss finding a new chairman to fill the void left by Ferdinand Piech's shock departure last month, sources told Reuters.

Pension, labor disputes dog Greek talks as cash dwindles

Mon, 05/04/2015 - 07:59
ATHENS/BRUSSELS (Reuters) - Wide differences over pension and labor reforms continued to dog intensive negotiations between Greece's leftist government and its international creditors despite progress in other areas as the country's cash position becomes increasingly critical.

Stock futures edge higher ahead of U.S. factory data

Mon, 05/04/2015 - 07:37
(Reuters) - U.S. stock index futures were higher on Monday ahead of data that is expected to show demand for U.S. manufactured goods rose in March, sending factory orders up and signaling that the sector is strengthening despite a stronger dollar.

Greece aims for deal with lenders, IMF hard on reforms: minister

Mon, 05/04/2015 - 06:47
ATHENS (Reuters) - Greece intends to meet debt payments this month and reach a deal with its international lenders to unlock remaining bailout aid, but the International Monetary Fund insists on tough labor reforms, the country's labor minister said on Monday.

German data leads Europe shares higher, dollar steadies

Mon, 05/04/2015 - 06:32
LONDON (Reuters) - European shares rose on Monday, led higher by Germany after upbeat factory activity, while the dollar steadied following signs the U.S. economy may be emerging from a recent soft patch.