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Reuters: Business News
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Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals.
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Jury selected for Gupta insider trading trial
NEW YORK (Reuters) - The insider-trading trial of former Goldman Sachs board member Rajat Gupta, who is accused of spilling secrets about the investment bank, began on Monday with the government saying it would call a former top Goldman banker and a current board member as two of its first witnesses.
  
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Exclusive: U.S. lets China bypass Wall Street for Treasury orders
NEW YORK (Reuters) - China can now bypass Wall Street when buying U.S. government debt and go straight to the U.S. Treasury, in what is the Treasury's first-ever direct relationship with a foreign government, according to documents viewed by Reuters.
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Yahoo to sell an Alibaba stake for $7.1 billion, shares rise
SHANGHAI/NEW YORK (Reuters) - Chinese Internet entrepreneur Jack Ma's Alibaba Group is buying back up to half of Yahoo Inc's 40 percent stake for $7.1 billion in a deal that moves the Chinese e-commerce leader closer to a public listing.
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Expanding or not, retailers rethink stores
(Reuters) - Retailers believe there is life left in their brick-and-mortar stores and they're trying new ways of making them more inviting by pampering customers - both the two- and four-legged kinds.
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Wall Street bounces but investors dump Facebook
NEW YORK (Reuters) - Stocks rebounded on Monday after their worst weekly decline of the year with signs that investors were quickly unloading Facebook shares following its broken IPO and redeploying capital elsewhere in the technology sector.
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Facebook sinks as Nasdaq scrambles to square trades
(Reuters) - Facebook shares sank on Monday in the first day of trading without the full support of the company's underwriters, leaving some investors down 25 percent from where they were Friday afternoon.
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Eaton to buy Cooper Industries for $11.8 billion
(Reuters) - Diversified industrial manufacturer Eaton Corp agreed to buy electrical equipment maker Cooper Industries Plc for $11.8 billion in cash and stock, its biggest-ever acquisition, a move that will lower Eaton's taxes by shifting its incorporation to Ireland.
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Lowe's cuts profit outlook as demand weakens
(Reuters) - Lowe's Cos Inc , the world's No. 2 home improvement chain, cut its fiscal-year earnings outlook and said demand slowed toward the end of the traditionally strong first quarter, sending its shares down nearly 10 percent.
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JPMorgan stops stock buybacks, maintains dividend
NEW YORK (Reuters) - JPMorgan Chase & Co has suspended repurchases of its stock while it tries to get out of money-losing derivatives trades that have cost it at least $2 billion, Chief Executive Jamie Dimon said on Monday.
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Euro zone needs growth and austerity: ECB's Asmussen
BERLIN (Reuters) - A European growth pact and deeper political integration in the euro zone could bolster the currency union, but there must be no softening of the bloc's fiscal pact on budget discipline, ECB policymaker Joerg Asmussen said on Monday.
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