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Reuters News
  • Wall Street edges up on Greece, Disney earnings
    NEW YORK (Reuters) - Stocks edged higher on Wednesday as hopeful investors awaited the latest attempt by Greece to reach a deal on reforms in exchange for a new bailout.

  • Frustration mounts as Greeks seek elusive bailout deal
    ATHENS (Reuters) - Greek party leaders finally gathered on Wednesday to agree a reform deal in return for a new EU/IMF rescue to avoid a chaotic default, after repeated delays which have prompted warnings that the euro can live without Athens.

  • Goldman's van Praag to retire at end of March: memo
    NEW YORK (Reuters) - Lucas van Praag, a Goldman Sachs partner and the global head of corporate communications for the firm will leave at the end of March, according to a memo obtained by Reuters.

  • Time Warner beats forecasts, shares up
    (Reuters) - Time Warner Inc posted better-than-expected quarterly profit on Wednesday helped by its cable networks and the last installment of its Harry Potter movie franchise.

  • Mortgage applications jump on refi demand: MBA
    NEW YORK (Reuters) - Applications for home mortgages jumped last week, fueled by increased demand for refinancing as interest rates fell, an industry group said on Wednesday.

  • Sprint loss widens on iPhone costs
    (Reuters) - Sprint Nextel posted a bigger loss, reflecting the higher costs of selling Apple Inc's iPhone. But the loss was smaller than expected because its signed up fewer subscribers than expected.

  • CVS raises forecast due to rivals' rift
    (Reuters) - CVS Caremark Corp raised its full-year profit forecast as it wins over former patrons of Walgreen Co who fill prescriptions with pharmacy benefits manager Express Scripts Inc .

  • Yahoo chairman exits, review drags on
    SAN FRANCISCO (Reuters) - Yahoo Inc Chairman Roy Bostock and three other directors will step down as the struggling company ploughs ahead with an internal overhaul, including discussions on dealing with its stakes in China's Alibaba Group and Yahoo Japan.

  • McDonald's January sales beat expectations
    (Reuters) - McDonald's Corp reported a better-than-expected rise in January sales at established restaurants across the globe, as strength in the United States helped offset the impact of economic weakness in Europe.

  • Disney earnings beat despite shaky economy
    (Reuters) - Walt Disney Co's quarterly revenue fell short of Wall Street's expectations after the movie studio put in a poor showing, but profit grew at a faster-than-expected 12 percent clip as media networks and theme parks held strong in an uncertain economy.

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