| Consumer prices fall as energy demand slumps The Labor Department said its closely watched Consumer Price Index fell 0.1 percent, after increasing 0.4 percent in February. Analysts polled by Reuters had forecast headline CPI rising 0.1 ...[more] |
| Yahoo to cut hundreds of jobs: source The layoffs could be announced next Tuesday, when Yahoo reports its first-quarter financial results, according to the source, who wished to remain anonymous because of the issue's sensitivity ...[more] |
| Peabody misses estimates, cuts coal production ) said on Wednesday it would cut production because of weak demand and its stock dropped 10 percent after first-quarter profit fell far short of Wall Street estimates. The results w ...[more] |
| GM creditor cracks show as bankruptcy looms The Obama administration's auto task force led by Steven Rattner is in its second week of talks in Detroit in an effort to revamp GM's restructuring plan and wrest concessions from bondholder ...[more] |
| Fed weighs news conferences in tranparency push Press conferences have been weighed among other ideas, the official said. The Fed has sought during recent upheaval to explain its actions to a broader public, the official said, citing Chair ...[more] |
| Abbott loses sales momentum Abbott's () traditionally strong sales momentum faltered in the first quarter as negative foreign exchange factors battered overseas sales and forced the company to temper its 2009 revenue fo ...[more] |
| PIMCO says to launch fund linked to U.S. asset plan Under the U.S. plan to sop up bad assets now choking bank balance sheets, public-private funds will get opportunities to buy so-called "legacy" securities with a combination of private and go ...[more] |
| Intel says PC market hit bottom but shares slide The world's top chipmaker said on Tuesday personal computer sales hit a trough in the first quarter but there was still too much market and economic turbulence to allow a precise projection f ...[more] |
| Rio Tinto aluminum output falls 6 percent ) first-quarter aluminum output fell a steeper-than-expected 6 percent, iron ore production was down 15 percent while refined copper rose 33 percent as the firm struggled to balance supply with glo ...[more] |
| Merrill healthcare bankers move to boutique bank ) for a boutique investment bank, adding to a flood of departures since Bank of America acquired Merrill Lynch & Co in January. Alan Hartman, previously head of mergers and acqui ...[more] |
| UBS cuts 8,700 jobs Chief Executive Oswald Gruebel said the bank will post a first-quarter loss of nearly 2 billion Swiss francs ($1.7 billion), mainly due to writedowns and outflows at its prized wealth managem ...[more] |
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