MIAMI (Reuters) - Rebuilding Haiti after its catastrophic earthquake should generate major contracts for private companies specializing in construction, logistics, transport and security, but U.S. executives say they need a clear reconstruction strategy to shape their business plans.
Private sector firms that focus on post-conflict or disaster relief operations gathered ...More
SAN FRANCISCO (Reuters) - Wal-Mart Stores Inc has put roughly 300 items back on its U.S. store shelves after the retailer said it "disappointed" customers by not stocking certain products.
"We did discontinue some things that people didn't buy very often, but were aggravating to a customer to lose ...More
WASHINGTON (Reuters) - The Senate on Wednesday passed a $149 billion package of jobless aid and tax breaks, as Democrats continued efforts to lower the 9.7 percent unemployment rate before congressional elections in November.
The measure, approved by a vote of 62 to 36, now heads to the House of ...More
SAN ANTONIO (Reuters) - General Motors Co <GM.UL> will pay back roughly $8 billion in debt to the United States and Canada before June, its chief executive said on Wednesday, more quickly than the automaker had promised.
CEO Ed Whitacre said in December that GM would pay back government loans ...More
CHARLOTTE, North Carolina (Reuters) - Bank of America Corp <BAC.N> Chief Executive Brian Moynihan said on Wednesday the company's decision to eliminate overdraft fees on debit card transactions will "give up a lot of revenue" for the largest U.S. bank by assets.
Late Tuesday, Bank of America announced ...More
WASHINGTON (Reuters) - The United States posted a record $220.91 billion budget deficit in February, Treasury Department data showed on Wednesday.
The February deficit was in line with analysts' consensus forecast in a Reuters poll for a $222 billion budget gap but well above the $193.86 billion for the ...More
WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner on Tuesday said the Obama administration's strategy to halt recession and contain the financial crisis has been effective, but vowed to continue stabilization efforts.
Geithner, in prepared testimony to a U.S. House of Representatives Appropriations subcommittee, said the economy and financial system ...More
WASHINGTON (Reuters) - U.S. wholesale inventories fell unexpectedly in January and sales hit their highest in more than a year, suggesting businesses will soon need to begin restocking, which would support economic growth.
Wholesale inventories slipped 0.2 percent after a 1 percent drop in December, the Commerce Department said ...More
WASHINGTON (Reuters) - An influential Republican in U.S. Senate talks on financial regulatory reform said on Wednesday there are no special exemptions for particular institutions in a proposed new government financial watchdog agency.
Senator Bob Corker, amid reports that he has pressed in negotiations for special treatment in legislation for ...More
WASHINGTON (Reuters) - Legislation that would write into law and widen the proposed "Volcker rule" to limit proprietary trading was unveiled in the U.S. Senate on Wednesday with the support of five Democratic senators.
The bill, drawn up by senators Jeff Merkley and Carl Levin, would apply not only to ...More
