Eunited Infotech - News Feeds

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Reuters: Business News
Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals.

Wall St edges higher as Greece draws up bailout terms NEW YORK (Reuters) - Stocks traded edged higher on Tuesday as investors awaited the outcome of discussions on a bailout package for Greece that would help the country avoid a chaotic default. Greece drafts bailout text for parties as talks inch forward ATHENS (Reuters) - Greece's government is preparing a document with a list of painful reforms needed to clinch a new financing package, a government official said on Tuesday, moving Athens one step closer to a deal needed to avoid a chaotic debt default. Coca-Cola beats Street, eyes cost savings NEW YORK (Reuters) - Coca-Cola Co reported better-than-expected quarterly results and announced a new cost-savings program on Tuesday that it will use to boost its brands and mitigate higher commodity costs. Glencore-Xstrata deal meets shareholder opposition LONDON (Reuters) - At least two top 10 shareholders in miner Xstrata plan to vote against a takeover by commodities trader Glencore, threatening the creation of a powerhouse spanning mining, agriculture and trading. Bernanke repeats vow to shield U.S. from Europe fallout WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke on Tuesday renewed a pledge to prevent Europe's financial crisis from damaging the U.S. economy in testimony before Congress that mirrored remarks he made last week. Fidelity money fund clients sour on SEC proposals BOSTON (Reuters) - Fidelity Investments, the largest money-market fund manager, recently warned U.S. regulators that more than half of its money fund clients would move all or some assets out of the investments if the net asset value of the funds were allowed to fluctuate. "Prove critics wrong" under-fire RBS boss tells staff LONDON (Reuters) - The boss of majority state-owned Royal Bank of Scotland urged his staff to "prove the critics wrong" and continue a clean-up that has cost 38 billion pounds ($60 billion) in the past three years. Job openings rise to 3.4 million in December WASHINGTON (Reuters) - The number of jobs waiting to be filled rose in December as employers tried to ramp up hiring in factories, retail and business services, the government said on Tuesday. CalSTRS invests $500 million in infrastructure (Reuters) - The California State Teachers' Retirement System, the second-largest public pension fund, has made what it called one of the largest single U.S. fund management commitments to infrastructure, investing up to $500 million. Watchdogs to drag shadow banks into the light LONDON (Reuters) - Beyond the reach of regulators, and about half the size of the world's banking industry, a thriving breed of "shadow banks" is emerging that could trigger the next chapter in the global financial crisis.

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