Wall Street finishes flat in late reversal

NEW YORK - Stocks staged a late-day reversal on Wednesday, rallying into the close in another volatile session as a sharp rise in materials shares boosted the S&P 500 and gains in Apple helped lift the Nasdaq. | Video

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Specialist banks cherry pick from lay-offs

LONDON - Small investment banks and brokerages in Europe are making the most of a hiring shutdown and cuts at bigger rivals, cherry picking staff frustrated by new pay rules and uncertainty over strategy.

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China denounces EU airline carbon law, seeks talks

BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.

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Pictures

A U.S. Army soldier from 3/1 AD Task Force Bulldog uses his night vision equipment before an early morning joint patrol with Afghan National Army (ANA) soldiers in a village in Kherwar district in Logar province, eastern Afghanistan, May 22, 2012. REUTERS/Danish Siddiqui

Reuters Photojournalism

Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography.  See more | Photo caption 

Photo

Maxim Hot 100

The world's most beautiful women as chosen by Maxim readers.  Slideshow 

A cross is seen in Joplin, Missouri May 17, 2012. May 22 marks the one year anniversary of a deadly EF-5 tornado that ripped through the town, killing 161 people. The tornado damaged or destroyed about 7,500 homes and 500 other buildings, but the city is now well into a recovery mode that has spurred some segments of the local economy. REUTERS/Eric Thayer (UNITED STATES - Tags: DISASTER ENVIRONMENT RELIGION)

Joplin, one year after

May 22 marks the one year anniversary of a deadly tornado that ripped through Joplin, Missouri, killing 161 people.  Slideshow 

Treasury says did not push for Countrywide deal

WASHINGTON | Fri Jan 11, 2008 11:54am EST

WASHINGTON (Reuters) - The Treasury Department knew of Bank of America Corp.'s interest in buying Countrywide Financial Corp but did not push for the deal to go ahead, a Treasury spokeswoman said on Friday.

The Treasury was "aware of the discussions" between the two financial services companies but "was not actively involved in encouraging the discussions," said spokeswoman Jennifer Zuccarelli.

(Reporting by Patrick Rucker; Editing by James Dalgleish)
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