Lehman insolvent weeks before bankruptcy: examiner | read this item
NEW YORK (Reuters) – Lehman Brothers Holdings Inc used accounting gimmicks and had been insolvent for weeks before it filed for bankruptcy in September 2008, a court-appointed examiner said, but he did not find extensive wrongdoing.
Toyota discounts boost sales, U.S. mulls "black box" | read this item
DETROIT/WASHINGTON (Reuters) – Unprecedented discounts after a series of damaging recalls boosted Toyota Motor Corp’s U.S. sales in early March, as U.S. regulators weighed new auto safety measures.
Bank reform talks fail, Dodd to go solo | read this item
WASHINGTON (Reuters) – Chances of a broad overhaul of U.S. financial regulation dimmed on Thursday after bipartisan Senate talks collapsed, jeopardizing a top Obama administration priority and boosting bank share prices.
BP to pay Devon $7 bln for fields | read this item
LONDON/NEW YORK (Reuters) – BP will pay $7 billion to Devon Energy for assets that will extend its reach into Brazil and bulk up its position in the Gulf of Mexico, as the world’s top oil companies look to acquisitions to refill depleting reserves.
Jobless claims fall, trade gap narrows on oil | read this item
WASHINGTON (Reuters) – The number of U.S. workers filing new claims for unemployment benefits fell only slightly last week, indicating a sluggish return to jobs growth. The U.S. trade gap shrank as oil imports fell.
Citigroup sees return to sustained profitability | read this item
NEW YORK (Reuters) – Citigroup Inc Chief Executive Vikram Pandit told investors on Thursday the bank is on track to return to sustained profitability and losses from some of its worst assets should be manageable if the economy does not deteriorate.
S&P 500 hits 17-month high as banks lift Wall St | read this item
NEW YORK (Reuters) – The S&P 500 hit a 17-month closing high as rising bank shares led a late rally that lifted stocks on Thursday, more than offsetting worries China may move to cool its overheating economy.
EADS to cut bonuses, not jobs after A400M: exec | read this item
HELSINKI (Reuters) – Top executives at aerospace group EADS will see their bonuses hit after the cost debacle surrounding the delayed A400M military transport aircraft, but staff will mostly be spared, its top personnel executive said on Thursday.
Exxon boosts 2010 capital spending to $28 billion | read this item
NEW YORK (Reuters) – Exxon Mobil Corp will increase capital spending nearly 4 percent this year to $28 billion in part as the largest U.S. oil company seeks to increase its share of the global market for natural gas.
