Retail sales flat as confidence crumbles |
September 14, 2011 09:23 AM ET |
WASHINGTON (Reuters) - Growth in retail sales stalled in August after a pitched battle over spending in Congress undermined faith Washington could steer the country clear of a double-dip recession, data showed on Wednesday. | Full Article |
EU's Barroso: Will present options on euro bonds |
September 14, 2011 08:29 AM ET |
STRASBOURG, France (Reuters) - The European Commission will soon present options on how the euro zone might issue bonds jointly, its President Jose Manuel Barroso said on Wednesday, but warned there was no simple solution to a debt crisis that threatens Europe's economic and political future. | Full Article |
Republican wins in New York Democratic stronghold |
September 14, 2011 08:11 AM ET |
NEW YORK (Reuters) - Republicans won an upset victory in a Democratic stronghold in New York on Tuesday in a special House of Representatives election for the seat vacated by former Representative Anthony Weiner, who resigned after a Twitter sex scandal. | Full Article |
Twenty-hour Kabul siege shows Taliban strength |
September 14, 2011 08:48 AM ET |
KABUL (Reuters) - A marathon siege in Kabul's diplomatic enclave ended on Wednesday with the death of the last two of a group of gunmen who had held off Western and Afghan security forces for nearly 20 hours, showering rockets on Western embassies in a dramatic show of insurgent strength. | Full Article |
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BUSINESS NEWS |
Wall St to open higher on hopes of European fix |
September 14, 2011 09:04 AM ET |
NEW YORK (Reuters) - U.S. stocks were set for a higher open on Wednesday after the head of the European Commission said it will present options for joint euro zone bonds, a tool that investors view as a step forward to addressing the region's debt crisis. | Full Article |
Geithner tries to boost confidence in Europe |
September 14, 2011 09:14 AM ET |
WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner on Wednesday tried to shore up confidence in Europe's ability to solve its escalating debt crisis, saying they had the financial and economic capacity to do so. | Full Article |
Fight brewing over U.S. offshore profit taxation |
September 14, 2011 07:05 AM ET |
WASHINGTON (Reuters) - Large U.S. corporations are pressuring Congress and the White House to exempt overseas corporate profits from taxes, a policy shift that critics say would hurt the economy and increase the federal deficit. | Full Article |
Mortgage applications rose last week: MBA |
September 14, 2011 08:01 AM ET |
NEW YORK (Reuters) - Applications for U.S. home mortgages rose last week for the first time in a month as interest rates tumbled even further, an industry group said on Wednesday. | Full Article |
Exclusive: Greek collateral issue no longer explosive: Austria |
September 14, 2011 07:53 AM ET |
VIENNA (Reuters) - A euro zone row over collateral to back loans to Greece has lost its "explosive" power under a plan that would let every member country decide for itself whether to make use of the facility, Austrian Finance Minister Maria Fekter told Reuters. | Full Article |
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