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News: Business |
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Yahoo! News: Business News
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Business News
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Asian stocks rise, U.S. jobs gain outweighs Greece
(Reuters)
 Reuters - Asian shares rose on Monday as surprisingly robust U.S. jobs data bolstered investors' risk appetite, but the euro sagged on worries over a lack of progress in Greek debt restructuring talks which are vital to containing the euro zone crisis.
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Insight: Two firms flourish in frenzied MF Global aftermath
(Reuters)
Reuters - The mad rush to move client money out of MF Global Inc. after its collapse left two firms with the bulk of customer accounts, while other brokerages emerged with only minor gains from the chaos of carving up a multibillion-dollar business.
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Greek parties face EU bailout deadline
(Reuters)
 Reuters - Greece's coalition parties must tell the European Union on Monday whether they accept the painful terms of a new bailout deal as EU patience wears thin with political dithering in Athens over implementing reforms.
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GM aims for 10 percent profit margin over next few years: report
(Reuters)
Reuters - General Motors aims to raise its profit margin to 10 percent over the next several years, up from the current margin of about 6 percent, Daniel Ammann, chief financial officer, told the Wall Street Journal in an interview.
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Glencore offers 8 percent premium to Xstrata to seal deal: FT
(Reuters)
Reuters - Commodities trader Glencore International is set to offer a bigger-than-expected premium to seal its proposed $88 billion merger with global miner Xstrata Plc , the Financial Times reported on Monday.
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Nasdaq vaults to 11-year high on surge in jobs
(Reuters)
 Reuters - A surge in hiring in the world's largest economy last month drove the Nasdaq to an 11-year high on Friday as optimism grew that the labor market is on a steady path to recovery.
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Obama pushes for veterans jobs programs
(AP)
AP - In an effort to cut the unemployment rate among veterans, President Barack Obama is calling for a new conservation program that would put veterans to work rebuilding trails, roads and levees on public lands.
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Aon Q4 profit rises, but margin pressures persist
(Reuters)
Reuters - Aon Corp posted a higher quarterly profit that narrowly beat market estimates, but the world's largest insurance broker continued to face margin pressures in its Aon Hewitt segment for the second-straight quarter.
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Greek crisis talks for debt deal pushed to Monday
(AP)
 AP - Crisis talks on a debt deal for Greece among the three leaders of parties supporting the coalition government were suspended and will continue Monday.
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New York sues banks over electronic mortgage system
(Reuters)
Reuters - New York State Attorney General Eric Schneiderman on Friday sued three major U.S. banks, accusing them of fraud for using an electronic mortgage database that resulted in deceptive and illegal practices.
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Business News 
