European governments agree to help Greece: source
BERLIN (Reuters) - European governments have agreed in principle to help heavily indebted Greece, a senior German coalition source said on Tuesday, in what would be the first rescue of a euro zone member in the currency's 11-year history.
S&P concerned BofA credit losses may stay high
NEW YORK (Reuters) - Bank of America's credit losses may remain at high levels for the rest of this year, warned credit rating agency Standard & Poor's on Tuesday.
Japan seeks bigger say on global accounting rules
TOKYO (Reuters) - Tokyo will likely drop its insistence on using its own accounting rules and instead adopt international standards, but it wants more say in writing the rules so they reflect Japanese business practices.
Lehman Brothers examiner ends probe of collapse
NEW YORK (Reuters) - The court-appointed examiner investigating the collapse of U.S. investment bank Lehman Brothers Holdings Inc revealed in court documents on Monday that he has completed his probe and is ready to file a report with the court.
CIT, emerging from bankruptcy, hires Thain as CEO
NEW YORK (Reuters) - CIT Group Inc has hired former Merrill Lynch CEO John Thain as its new chief executive, the commercial lender said late on Sunday, wagering that the well-traveled executive can guide its post-bankruptcy turnaround.
Greece sticks to austerity plan: finance minister
ATHENS (Reuters) - Greece will stick to its deficit-cutting plan and the first three months of the year will be crucial for regaining investors and EU confidence, the country's finance minister said in an interview on Sunday.
Firewalls could dampen commods futures: analysts
PALM BEACH, Florida (Reuters) - Commodity traders say they are nervous about a proposed clamp-down on information flow in their markets, part of broad reforms proposed by regulators and lawmakers eager to try to curb risky trading practices blamed for the 2008 financial meltdown.
Hedge investors pay up as they wait for cash back
LONDON (Reuters) - Hedge funds clients are still paying lavish fees on $100 billion of money they are unlikely to be able to touch for some time, in a sign of the lingering damage done to the opaque industry during the credit crisis.
Financial reform talks break down in Senate
WASHINGTON (Reuters) - Bipartisan efforts on Capitol Hill to tighten financial regulation ground to a halt in the Senate on Friday, casting one of the top domestic policy priorities of the Obama administration in a stark political light.
Goldman exec sees 10-percent "Volcker rule" impact
WASHINGTON (Reuters) - The Obama administration's proposed "Volcker rule" could impact about 10 percent of Goldman Sachs net revenues, a senior executive of the Wall Street giant told a U.S. Senate committee on Thursday.
Iran says nuclear fuel deal "still on the table"
TEHRAN (Reuters) - Iran believes a nuclear fuel exchange with the West is still possible, state television said on Wednesday, a day after the Islamic Republic's expansion of uranium enrichment drew a U.S. warning of more sanctions soon.
Telecoms M&A = Wireless M&A, not much else
Many analysts and bankers who focus on the U.S. telecommunications sector believe that consolidation among wireless carriers is inevitable. There are too many wireless phone service providers already, and the top two -- AT&T and Verizon -- own the lion's share of the market, which makes it increasingly tougher for smaller players to survive.
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