| Goodyear shares zoom on results ) posted a narrower-than-expected quarterly loss on Wednesday as it accelerated cost cuts and reduced inventory in response to a deep economic downturn, sending its shares up nearly 12 percent. ...[more] |
| Bond bets show government favors banks over autos As flagship automakers struggle to avert bankruptcy and with fears growing that government funding for them will soon dry up, investors in the companies have watched the bonds' prices drop to ...[more] |
| INSTANT VIEW: Economy shrinks 6.1 pct in Q1 KEY POINTS: * Gross domestic product, which measures total goods and services output within U.S. borders, dropped at a 6.1 percent annual rate in the first quarter, the Commerce Department sa ...[more] |
| INSTANT VIEW: U.S. economy shrinks 6.1 pct in Q1 KEY POINTS: * Gross domestic product, which measures total goods and services output within U.S. borders, dropped at a 6.1 percent annual rate in the first quarter, the Commerce Department sa ...[more] |
| SocGen chairman Bouton quits after verbal attacks ) whose reputation was hit by a trading scandal at the bank, resigned and blamed relentless verbal attacks on his performance for his decision to quit. "The repeated attacks against ...[more] |
| TIMELINE: SocGen chairman Bouton resigns ), whose reputation was hit by a trading scandal at the bank, said on Wednesday he would resign following repeated verbal attacks over his performance. SocGen had unveiled 4.9 billi ...[more] |
| Head of U.S. bank rescue program prepares to exit Neel Kashkari has taken the brunt of Congress' criticism of the bailout program but is credited with helping keep the country out of a complete financial meltdown. Former Treasury Secr ...[more] |
| Aetna posts profit gain, but medical costs spike ) reported a slight rise in net income on Wednesday as membership increased, but it cited higher-than-projected medical costs in its commercial business that serves employers. Net in ...[more] |
| Time Warner first-quarter revenue falls 7 percent * Q1 earnings per share $0.46 from continuing operations * Q1 earnings per share $0.55 * Q1 revenue fell 7 percent to $6.9 billion * Reuters Estimates Q1 earnings per s ...[more] |
| U.S. investors find stress tests stressful The U.S. government is telling Citigroup it may need to raise more capital, sources said on Tuesday, and the Wall Street Journal reported that Bank of America may be facing similar pressure. ...[more] |
| BofA's Lewis may be voted out of chairman role: report Citing people familiar with the preliminary results of shareholder votes ahead of the bank's annual meeting on Wednesday, the newspaper said a proposal that would force Lewis to give up his s ...[more] |
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