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Medici lawyer says Kohn didn't get Madoff payments (Reuters)
Reuters - Austrian fund manager Sonja Kohn did not receive any kickbacks from Bernard Madoff to steer Bank Medici customer funds to the swindler's investment business, a Medici lawyer said on Friday.
Fri, 03 Jul 2009 17:17:20 GMT

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Teck to sell 17 percent stake to China for C$1.74 billion (Reuters)

Teck Resources President and Chief Executive Officer Donald Lindsay speaks to shareholders during the annual general meeting in Vancouver British Columbia April 26, 2006. REUTERS/Lyle StaffordReuters - Teck Resources (TCKb.TO) said on Friday it will sell a 17.2 percent equity stake to state-owned China Investment Corp in a deal that will help the Canadian miner pay down its debt while expanding China's portfolio of commodity investments.



Fri, 03 Jul 2009 21:29:07 GMT

Earnings to set tone for stocks in week ahead (Reuters)

A trader works the floor of the New York Stock Exchange June 23, 2009. REUTERS/Eric ThayerReuters - With Wall Street stuck in a range since May, the start of second-quarter earnings season next week could prove to be a decisive factor for determining how much faith investors should have in an economic recovery.



Thu, 02 Jul 2009 23:02:48 GMT

Financial Widgets


Stanford clients sue insurance broker Willis Group (Reuters)

Texas billionaire Allen Stanford gives members of the media a thumbs up as he leaves the Bob Casey Federal courthouse in the custody of U.S. Marshals in Houston June 29, 2009. REUTERS/ Steve CampbellReuters - Several Mexican clients of Stanford Financial Group have sued insurance broker Willis Group Holdings Ltd , contending it was a willing participant in a $7 billion fraud at the Texas-based investment company.



Fri, 03 Jul 2009 20:48:47 GMT

Dollar status unlikely to be in G8 communique: G8 source (Reuters)
Reuters - The dollar's status as the top global reserve currency is unlikely to be mentioned explicitly in the final communique at next week's Group of Eight summit, a European G8 source involved in preparations for the meeting said on Friday.
Fri, 03 Jul 2009 18:13:35 GMT

Earnings to set tone for stocks in week ahead (Reuters)

A trader works the floor of the New York Stock Exchange June 23, 2009. REUTERS/Eric ThayerReuters - With Wall Street stuck in a range since May, the start of second-quarter earnings season next week could prove to be a decisive factor for determining how much faith investors should have in an economic recovery.



Thu, 02 Jul 2009 23:02:48 GMT

Fannie, Freddie ease terms for mortgage refinance (Reuters)

The headquarters of mortgage lender Fannie Mae is shown in Washington September 8, 2008. REUTERS/Jason ReedReuters - The Obama administration on Wednesday expanded its foreclosure prevention efforts to help a greater number of underwater homeowners refinance their mortgages.



Wed, 01 Jul 2009 21:57:34 GMT

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