TOKYO (Reuters) - Japanese Finance Minister Yoshihiko Noda said on Saturday Tokyo would take decisive steps to stem the yen's rise when needed, while suggesting that coordinated currency market intervention was a difficult option. Traders are getting cautious about bidding the yen up too much after Japanese ministers kept up ...More
NEW YORK (Reuters) - A federal judge on Friday dismissed part of a criminal case accusing a former Goldman Sachs Group Inc <GS.N> computer programer of stealing proprietary computer code from the bank's lucrative high-frequency trading platform. The defendant, Sergey Aleynikov, won the dismissal of one count, alleging unauthorized ...More
NEW YORK (Reuters) - Investors in Gabriel Capital LP, a so-called feeder fund that funneled money to imprisoned swindler Bernard Madoff, were awarded $12.74 million by a panel of three arbitrators, court records show. The award to two New Jersey investment funds was disclosed in a filing Thursday with the ...More
WASHINGTON (Reuters) - President Barack Obama said on Friday he would outline new measures next week to boost the U.S. economy, but analysts were skeptical he would be able to deliver a big enough package to lift growth significantly. Obama made his remarks after August data showed that jobs -- the ...More
NEW YORK (Reuters) - The U.S. non-manufacturing sector grew in August for an eighth straight month but at a slower pace than July and at a rate that was below expectations, according to an industry report released on Friday. The Institute for Supply Management said its index of national services ...More
CHICAGO (Reuters) - Walgreen Co <WAG.N> posted weaker-than-expected August sales at stores open more than a year, hurt by generic drug introductions and a decrease in customer traffic. The results were reported a day after most retailers beat analysts' sales expectations for August. Sales at stores open at least a ...More
CHICAGO (Reuters) - Campbell Soup Co <CPB.N> posted lower-than-expected quarterly sales and forecast sales growth for the new fiscal year below its long-term target as the world's largest soup company grapples with a weak economy. Campbell shares fell 3.2 percent following the report on Friday, even though it ...More
