PALO ALTO, California (Reuters) – The United States should rethink domestic and global financial regulation, Lawrence Summers, director of the White House’s National Economic Council, said on Friday.
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U.S. needs tighter financial regulation: Summers
Investigators are confronted with a series of nagging questions as they try to unravel the case of a California real estate agent who said his Toyota Prius turned into a runaway death trap after the gas pedal became stuck. Why didn’t the driver simply throw…
Toyota Prius – California – National Highway Traffic Safety Administration – Automobile pedal – Toyota
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Runaway Prius case presents nagging questions
NEW YORK (Reuters) – In mid-January, a who’s who of Wall Street gathered to hear Paul Volcker, the former Federal Reserve chairman whose role in the White House seemed at best unclear.
PHILADELPHIA (Reuters) – Private equity firm Kohlberg Kravis Roberts & Co has filed to list $2.2 billion in shares on the New York Stock Exchange, moving forward in its long effort to become a publicly traded U.S. company.
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KKR files for long-awaited NYSE listing
NEW YORK/OSLO (Reuters) – Fertilizer maker CF Industries Holdings Inc on Friday agreed to buy rival Terra Industries Inc for more than $4.6 billion in cash and stock after Norwegian rival Yara International ASA decided not to raise its offer for Terra.
NEW YORK (Reuters) – U.S. stocks turned lower on Friday, as a weaker-than-forecast reading on consumer sentiment outweighed an unexpected increase in retail sales.
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Markets turn negative after sentiment data
OSLO (Reuters) – Norway’s Yara International ASA shied away from raising its offer for Terra Industries Inc to top a rival bid, boosting its shares but scuppering its U.S. expansion plans.
(Reuters) – Stock index futures pointed to a mixed open on Wall Street on Friday, with futures for the S&P 500 up 0.4 percent, Dow Jones futures down 0.01 percent and Nasdaq 100 futures up 0.01 percent.
PAJU, South Korea (Reuters) – Flat-screen maker LG Display will spend $1.3 billion to raise output and help meet robust customer demand and is betting on booming premium LCD TV sales to drive strong growth this year.
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LG Display to spend $1.3billion to up output
SINGAPORE (Reuters) – Asian stocks edged up on Friday, heading for a fifth straight week of gains, with energy stocks outperforming as oil held above $82 a barrel.
DETROIT/WASHINGTON (Reuters) – Unprecedented discounts after a series of damaging recalls boosted Toyota Motor Corp’s U.S. sales in early March, as U.S. regulators weighed new auto safety measures.
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Toyota discounts boost sales
NEW YORK (Reuters) – The S&P 500 hit a 17-month closing high as rising bank shares led a late rally that lifted stocks on Thursday, more than offsetting worries China may move to cool its overheating economy.
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S&P 500 hits 17-month high as banks lift Wall Street
SINGAPORE (Reuters) – Asian stocks edged up on Friday, heading for a fifth straight week of rises, with energy stocks firm as oil held above $82 a barrel and financials ticking higher after U.S. talks to force broad banking reform collapsed.
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Asia stocks head for 5th week of gains
NEW YORK (Reuters) – Lehman Brothers Holdings Inc used accounting gimmicks and had been insolvent for weeks before it filed for bankruptcy in September 2008, but there was not extensive wrongdoing, a court-appointed examiner has found.
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Examiner sees accounting gimmicks in Lehman demise
HOUSTON (Reuters) – White House economic adviser Larry Summers said on Thursday that the United States is “very close” to the point where job growth can begin. (Reporting by Chris Baltimore; editing by Carol Bishopric)