NEW YORK – Stocks sharply cut gains on Tuesday after news the European Central Bank stopped monetary policy operations to some Greek bank because recapitalization was not in place, central bank sources told Reuters.
Reuters: Business News
Archive for category Business
Shares cut gains after ECB funding news
Facebook expands IPO size, aims for $15 billion: source
SAN FRANCISCO – Facebook Inc is increasing the size of its IPO by 85 million shares to about 422 million, a source familiar with the matter told Reuters, raising more than $ 15 billion in Silicon Valley’s largest market debut.
Reuters: Business News
Stock futures rise as bank shares rebound
NEW YORK – Stock index futures rose on Tuesday, recovering from a string of losses as investors sought bargains in beaten-down sectors.
Reuters: Business News
JPMorgan CIO Drew retires after giant trading loss
LONDON/NEW YORK – The leader of JPMorgan Chase & Co’s hedging unit is retiring, the bank said on Monday, marking the first casualty from stunning trading losses that experts say could exceed $ 3 billion.
Reuters: Business News
Stock index futures signal lower start
(Reuters) – U.S. stock index futures pointed to a lower open on Wall Street on Monday, with S&P 500 futures down 1 percent and contracts for the Dow Jones and Nasdaq 100 down 0.9 percent at 04:53 a.m. EDT (0853 GMT).
Reuters: Business News
Avon to consider Coty’s $10.7 billion takeover bid
(Reuters) – Avon Products Inc on Sunday said it told Coty Inc that it would consider the smaller company’s $ 10.7 billion takeover bid and it expected to respond within a week.
Reuters: Business News