Business News:

Toyota discounts boost sales 11 Mar 2010, 11:18 pm

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.

Source: Reuters: Business News Reuters: Business News |

S&P 500 hits 17-month high as banks lift Wall Street 11 Mar 2010, 10:32 pm

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. […]

Source: Reuters: Business News Reuters: Business News |

Asia stocks head for 5th week of gains 11 Mar 2010, 10:30 pm

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. […]

Source: Reuters: Business News Reuters: Business News |

Examiner sees accounting gimmicks in Lehman demise 11 Mar 2010, 10:11 pm

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. […]

Source: Reuters: Business News Reuters: Business News |

U.S. "very close" to job growth: Summers 11 Mar 2010, 9:37 pm

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 b. […]

Source: Reuters: Business News Reuters: Business News |

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Financial News:

GMAC's pay policy called into question 11 Mar 2010, 10:34 pm

A US congressional panel criticised GMAC over its pay policy for top executives and for failing clearly to outline how the home and motor lender will return to profitability

Source: FT.com - Financials FT.com - Financials |

France and UK seek hedge fund deal 11 Mar 2010, 9:47 pm

Gordon Brown and Nicolas Sarkozy are to try to hammer out a compromise deal over European Union reforms that the US and UK believe could damage the hedge fund and private equity industries

Source: FT.com - Financials FT.com - Financials |

Human element is weakest link in bank security 11 Mar 2010, 9:35 pm

How Hervé Falciani obtained details about more than 15% of the customers of HSBC's Geneva private bank may remain a secret, but the repercussions are being felt

Source: FT.com - Financials FT.com - Financials |

Lehman report faults executives 11 Mar 2010, 9:26 pm

A one-year probe into the collapse of Lehman Brothers found 'credible evidence' that top executives, including the former chief Dick Fuld, approved misleading financial statements and used an 'account. […]

Source: FT.com - Financials FT.com - Financials |

'Repo 105' accounting in focus 11 Mar 2010, 9:16 pm

By the time Lehman Brothers imploded, $25bn in capital was supporting $700bn of assets and liabilities, a leverage ratio that was regarded as extremely high

Source: FT.com - Financials FT.com - Financials |


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