DETROIT (Reuters) - Sales incentives, including zero-percent financing offers, have boosted Toyota Motor Corp's <7203.T> U.S. sales by nearly 50 percent in early March, an industry tracking service and dealers said on Thursday.
Edmunds, which analyzes U.S. auto sales trends, said Toyota sales were up 47 percent ...More
NEW YORK (Reuters) - The court-appointed examiner who investigated the collapse of investment bank Lehman Brothers Holding Co is set to make his report publicly available, after a judge ruled he could do so on Thursday.
The report is expected to be the most comprehensive look at the 150-year-old firm's ...More
CHARLOTTE, North Carolina (Reuters) - Bank of America Corp's <BAC.N> push into the competitive realm of managing retirement assets is paying early dividends.
The bank's retirement business is winning more 401(k) plan business from its large corporate clients in a major initiative, Chief Executive Brian Moynihan said ...More
WASHINGTON (Reuters) - Lingering U.S. labor market weakness and nagging doubts about the solidity of the economic recovery are expected to keep the Federal Reserve committed to holding borrowing costs very low for a long time at a monetary policy meeting next week.
The Fed -- the U.S. central bank ...More
NEW YORK (Reuters) - Citigroup Inc <C.N> Chief Executive Vikram Pandit told investors on Thursday that the bank is on track to return to sustained profitability, and that losses from some of its worst assets should be manageable if the economy does not deteriorate.
The comments were uncharacteristically optimistic for ...More
NEW YORK (Reuters) - Two years ago, a poisonous brew of bad economics, lax regulation, and egregious behavior boiled over, scalding the financial system and pitching the United States into its steepest downturn since the Great Depression.
The antidotes to the crisis, concocted by many of the players who stirred the ...More
BOCA RATON, Florida (Reuters) - The head of the top U.S. futures regulator chided Wall Street on Thursday for resisting calls to make over-the-counter derivatives markets more transparent, arguing major reforms are required after the recent financial crisis.
Laying out his case for more oversight of the unregulated market he ...More
WASHINGTON (Reuters) - An overwhelming majority of Americans wants Wall Street subjected to tougher regulation in the aftermath of the bank bailout and the bonus scandals that have rocked the U.S. financial sector, according to a Harris poll released on Thursday.
The findings suggest that 82 percent of Americans want ...More
HELSINKI (Reuters) - Top executives at aerospace group EADS <EAD.PA> will see their bonuses hit after the cost debacle surrounding the delayed A400M military transport aircraft, but staff will mostly be spared, its top personnel executive said on Thursday.
Airbus parent EADS last week announced 1.8 billion euros ($2 ...More
NEW YORK (Reuters) - Exxon Mobil Corp <XOM.N> will increase capital spending nearly 4 percent this year to $28 billion in part as the largest U.S. oil company seeks to increase its share of the global market for natural gas.
Exxon, with huge liquefied natural gas projects in Qatar ...More
