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Apr 27, 2010

Forbe: Asia Latest Stories. America's Approach to Asia. April, 27th, 2010


Latest Stories

America's Approach To Asia

America's Approach To Asia
U.S. envoy Kurt Campbell lays out his approach to engaging with Asia.
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Terminology For A Fast-Changing China

Terminology For A Fast-Changing China
Some of the biggest challenges involved in writing and teaching about contemporary China are lingui
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Can Vedanta Find its Soul?

Can Vedanta Find its Soul?
Charges of environmental damage and human rights violations are forcing Anil Agarwal's Vedanta group to change.
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Energy Companies' New Strategy

Energy Companies' New Strategy
China's oil companies move to increase collaboration overseas and within China.
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Yankees Topple ManU

Yankees Topple ManU
The Bronx Bombers can add another accolade to their trophy case.
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Click for updates: forbes.com/asia

Forbes:Europe Latest Stories. April 27th, 2010


Latest Stories

Goldman Sachs' German Problem

Goldman Sachs' German Problem
Fabrice Tourre's testimony gives clues as to the strength and weakness of Goldman's SEC case.
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Bank Stocks: Looking Pretty, Going Nowhere

Bank Stocks: Looking Pretty, Going Nowhere
Investors pummel bank stocks on fears they will be regulated out of profitability.
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The Puny Price Of A Digital Fake Passport

The Puny Price Of A Digital Fake Passport
Thanks to increased identity verification on the Web, the market for forged digital documents is booming.
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ManU Dethroned

ManU Dethroned
Storied soccer club no longer the world's most valuable sports brand.
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Lafarge In India

Lafarge In India
Lafarge has a cement plant with one leg in India and the other in Bangladesh, and on both sides of law.
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Click for updates: forbes.com/europe

DAI: Greece woes, Goldman case sink Wall Street. April 27th, 2010




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Good evening Fernando, TUE 27 Apr 2010 
Greece woes, Goldman case sink Wall Street
Goldman fends off accusations of exploiting bubble
Senate faces fresh vote on bank rule reform
Confidence up, home prices rise on annual basis
Fed meeting starts on day of global market turmoil
S&P cuts Greek debt to junk, downgrades Portugal
Ford posts quarterly profit, raises 2010 outlook
AstraZeneca, U.S. settle anti-psychotic drug case
UAL, US Airways losses shrink on better demand
EU says ash cloud cost billions


Greece woes, Goldman case sink Wall Street
April 27, 2010 04:35 PM ET
NEW YORK (Reuters) - U.S. stocks tumbled on Tuesday as downgrades of Greece and Portugal fueled fear about euro-zone economic stability, and a grilling of Goldman Sachs on Capitol Hill heightened the possibility of financial reform.

Full Article
Goldman fends off accusations of exploiting bubble
April 27, 2010 04:26 PM ET
WASHINGTON (Reuters) - Lower level Goldman Sachs executives tried to fend off accusations they inflated the housing bubble, sold clients "shi**y" deals and made billions off the market's collapse, in a high stakes Senate hearing.

Full Article
Senate faces fresh vote on bank rule reform
April 27, 2010 03:57 PM ET
WASHINGTON (Reuters) - A sweeping overhaul of banking rules appeared to be headed toward another roadblock in the U.S. Senate on Tuesday, although an influential Republican predicted it ultimately will pass the chamber.

Full Article
Confidence up, home prices rise on annual basis
April 27, 2010 04:04 PM ET
NEW YORK (Reuters) - U.S. consumer confidence firmed to a 1-1/2-year high in April, while house prices rose in February on an annual basis for the first time in more than three years, in fresh signs of a strengthening economy.

Full Article
Fed meeting starts on day of global market turmoil
April 27, 2010 02:14 PM ET
WASHINGTON (Reuters) - The U.S. Federal Reserve opened a two-day meeting on Tuesday that is widely expected to end with a decision to leave interest rates on hold near zero and a fresh commitment to keep them there for an "extended period."

Full Article
S&P cuts Greek debt to junk, downgrades Portugal
April 27, 2010 04:09 PM ET
ATHENS/BERLIN (Reuters) - Rating agency Standard and Poor's slashed Greek debt to junk status on Tuesday and also downgraded Portugal, as investors worried political pressures could block a multi-billion euro bailout of Greece.

Full Article
Ford posts quarterly profit, raises 2010 outlook
April 27, 2010 01:24 PM ET
DETROIT (Reuters) - Ford Motor Co posted a stronger-than-expected $2.1 billion quarterly profit and said it would be "solidly profitable" in 2010, a year ahead of schedule, driven by strong U.S. sales and market share gains.

Full Article
AstraZeneca, U.S. settle anti-psychotic drug case
April 27, 2010 04:11 PM ET
WASHINGTON (Reuters) - AstraZeneca PLC has agreed to pay $520 million to settle charges that it illegally marketed and promoted its schizophrenia drug Seroquel for unapproved uses, U.S. authorities said on Tuesday.

Full Article
UAL, US Airways losses shrink on better demand
April 27, 2010 01:33 PM ET
CHICAGO (Reuters) - United Airlines and US Airways Group reported smaller quarterly losses that topped Wall Street estimates on Tuesday, signaling a recovery for an industry that endured sagging demand in the recent recession.

Full Article
EU says ash cloud cost billions
April 27, 2010 11:13 AM ET
BRUSSELS (Reuters) - Last week's volcanic ash cloud cost European Union airlines 1.5-2.5 billion euros ($2-3.3 billion), the EU executive said as it proposed a series of actions to help the cash-strapped industry.

Full Article
REUTERSwww.reuters.com