Special Report: Singed by Solyndra
Posted in : Politics
By Nichola Groom and Sarah McBride LA/SAN FRANCISCO | Mon Oct 24, 2011 10:21am EDT LA/SAN FRANCISCO (Reuters) – David Prend is one of the most respected investors in green technology – but even he picks some losers. Like the Department of Energy, Prend thought Solyndra, an innovative solar company, was a good bet. His venture capital firm, RockPort Capital, began investing in the company three years before the federal government gave the start-up a …
Inside Room 200, home of the "super committee"
Posted in : Politics
By Thomas Ferraro and Rachelle Younglai WASHINGTON | Mon Nov 7, 2011 5:51pm EST WASHINGTON (Reuters) – Deep beneath the Capitol is a red-carpeted room that recently reverberated to the sound of Democrats and Republicans singing together, and then to their angry exchanges over how to fix the U.S. budget. Welcome to Congress’s “super committee” room. This is where a dozen lawmakers lock themselves away to try to strike a deal that, if reached, could …
Commentary says China not a "savior" for Europe
Posted in : Business
BEIJING | Sun Oct 30, 2011 2:42pm EDT BEIJING (Reuters) – Europe should not expect China to ride to the rescue as its “savior” from the debt crisis, though Beijing will do what it can to help a friend in need, state-run news agency Xinhua said in a commentary on Sunday. The head of Europe’s rescue fund sought to entice China on Saturday to invest in the facility by saying investors may be protected against …
BlackBerry maker delays tablet update in new setback
Posted in : Technology
By Alastair Sharp TORONTO | Wed Oct 26, 2011 3:43pm EDT TORONTO (Reuters) – Research In Motion won’t upgrade the software for its much-maligned PlayBook tablet computer until February, months behind schedule, and the new version still won’t feature the popular BlackBerry Messenger application. Shares of RIM dropped more than 6 percent on Wednesday as investors digested the latest in a string of disappointments as RIM struggles to compete with Apple Inc’s category-defining iPad tablet. …
Exclusive: MF Global mixed funds, transferred abroad
Posted in : Business
By Christopher Doering WASHINGTON | Fri Dec 2, 2011 8:42pm EST WASHINGTON (Reuters) – Regulators investigating the collapse of MF Global have determined that the firm combined money between securities and futures accounts owned by customers, and transferred funds outside the country to at least one entity, a source said on Friday. “The further we get into (the investigation) the more complex it is … but we’re making progress,” the source said, adding that the …
Insight: Dreaded "Brazil cost" may dim Foxconn’s iPad dreams
Posted in : Technology
By Luciana Lopez and Stuart Grudgings JUNDIAI, Brazil | Sun Oct 30, 2011 12:13pm EDT JUNDIAI, Brazil (Reuters) – The nondescript stretch of asphalt is an unlikely symbol of Brazil’s attempt to lift its economy into a new high-tech era. If officials in the industrial town of Jundiai get their way, it will soon be named Steve Jobs road — in homage to the late Apple Inc co-founder and a nod to the expected windfall …
Saudi Telecom plans acquisitions in 2012
Posted in : Technology
By Suleiman Al-Khalidi DEAD SEA, Jordan | Sun Oct 23, 2011 9:00pm EDT DEAD SEA, Jordan (Reuters) – Saudi Telecom Co (STC) plans major acquisitions in the Middle East next year to take advantage of a buyer’s market to expand it’s regional presence, the chief executive of its international operations said on Sunday. “I see 2012 as a year of potential acquisitions. We are now in more acquisitions mode than before,” Ghassan Hasbani, chief executive …
Woman accuses U.S. candidate Cain of groping
Posted in : Politics
By Michelle Nichols NEW YORK | Mon Nov 7, 2011 6:28pm EST NEW YORK (Reuters) – A woman accused U.S. Republican presidential hopeful Herman Cain on Monday of reaching under her skirt in 1997, adding to sexual harassment allegations that are threatening to derail his campaign. Cain, a former pizza company executive, has led many opinion polls in the race to be the Republican nominee to face President Barack Obama, a Democrat, in next year’s …
Obama tries to pressure Republicans on tax cut
Posted in : Politics
By Caren Bohan WASHINGTON | Sat Dec 3, 2011 6:03am EST WASHINGTON (Reuters) – President Barack Obama sought on Saturday to boost pressure on Republican lawmakers to back an extension of a tax cut for U.S. workers that he views as vital to help the fragile economy. Obama’s proposal to renew a temporary payroll tax holiday has received a lukewarm reception from Republicans who say it would not do much to spur economic growth and …
Investors should avoid Groupon IPO: Barron’s
Posted in : Technology
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Debt funds needed in all eurozone states: Germany
BERLIN | Sat Dec 3, 2011 7:23am EST BERLIN (Reuters) – Every country in the euro zone needs to set up a special national fund for sovereign debt that is more than 60 percent of gross domestic product, Germany’s finance minister told a newspaper. Wolfgang Schaeuble, detailing a proposal he will make at a European Union summit on December 9, told the Passauer Neue Presse that a total of 500 billion euros ($672 billion) would …
Searching across the Atlantic for clues
By Chuck Mikolajczak NEW YORK | Sat Dec 3, 2011 7:17am EST NEW YORK (Reuters) – The euro zone will once again serve as the source of Wall Street’s angst, as investors look to a summit of the region’s political leaders for decisive solutions for the ballooning debt crisis. Stocks posted their best week in more than two years this week, driven by central bank efforts to provide cheaper dollar loans to struggling European banks. …
Obama tries to pressure Republicans on tax cut
By Caren Bohan WASHINGTON | Sat Dec 3, 2011 6:03am EST WASHINGTON (Reuters) – President Barack Obama sought on Saturday to boost pressure on Republican lawmakers to back an extension of a tax cut for U.S. workers that he views as vital to help the fragile economy. Obama’s proposal to renew a temporary payroll tax holiday has received a lukewarm reception from Republicans who say it would not do much to spur economic growth and …
