NEW YORK (Reuters) - U.S. mortgage foreclosure filings dropped for a second straight month in February, and notched the smallest annual increase in four years as housing-rescue efforts contained activity, a report released on Thursday showed.
Foreclosures are by far one of the biggest threats to the U.S. housing ...More
GENEVA (Reuters) - Airlines are recovering strongly from the crisis, as passengers, freight and pricing power return, the airline industry association IATA said on Thursday, halving its forecast for a 2010 loss.
With capacity for both passengers and cargo hitting record levels at the end of last year, all indicators are ...More
BRUSSELS (Reuters) - U.S. Treasury Secretary Tim Geithner has written to the European Commission warning that plans to regulate hedge funds and private equity firms could cause tensions with Washington, the Financial Times reported.
Citing a letter but not quoting from it directly, the Financial Times said Geithner wrote to ...More
LONDON/GENEVA (Reuters) - HSBC <HSBA.L>, Europe's biggest bank, said a theft of data by a former employee affected up to 24,000 Swiss client accounts, dealing a hefty blow to the reputation of its private bank.
Switzerland's financial regulator FINMA was investigating the theft, it said on ...More
PARIS (Reuters) - The apparent loss this week of a U.S. in-flight refueling tanker contract worth up to $50 billion will not affect EADS's <EAD.PA> finances, the European aerospace group's chief executive said on Thursday.
On Monday EADS's U.S. partner Northrop Grumman <NOC.N> dropped ...More
LONDON (Reuters) - London-based oil major BP has agreed to buy Brazilian, Azeri and Gulf of Mexico assets from Devon Energy for $7 billion, as the U.S. producer refocuses on onshore U.S. fields.
The companies said on Thursday that BP has also agreed to sell Devon a 50 percent ...More
By Chang-Ran Kim, Asia autos correspondent
TOKYO (Reuters) - Toyota Motor said on Thursday it has handed over to a U.S. congressional committee a letter sent to its management by a splinter union in 2006 seeking reforms to improve safety after a recall crisis at the time.
On Monday, Rep ...More
TOKYO (Reuters) - Daihatsu Motor Co <7262.T>, a unit of Toyota Motor Corp <7203.T>, said on Thursday it would recall more than 274,000 Hijet and Atrai wagon models in Japan to fix a loose knuckle joint in the front wheels.
Daihatsu said an additional 449 units have been ...More
NEW YORK (Reuters) - The U.S. dollar is still the most important world currency, Standard & Poor's said on Thursday, but added that rising levels of U.S. debt and dependence on foreigners to finance much of pose risks to the currency's primacy.
Without a credible plan to rein ...More
WASHINGTON (Reuters) - The U.S. Treasury's decision against a bankruptcy restructuring for GMAC may have increased taxpayer bailout costs for the auto finance company and made it less viable, an oversight group said on Thursday.
The Congressional Oversight Panel, in a new monthly report, said despite three separate bailouts ...More
