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Reuters: Business News
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Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals.
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S&P 500 falls 1 percent on euro bank worries
NEW YORK (Reuters) - Wall Street dropped on Tuesday, with the S&P 500 briefly falling 1 percent, after reports on the European banking system reignited concerns about the financial stability of the region.
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HSBC Chairman Green to step down
LONDON (Reuters) - Change swept through the top of Britain's banks on Tuesday as Barclays said its investment banking supremo Bob Diamond will take over as chief executive and HSBC said its chairman is leaving to go into government.
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Google to start TV service in U.S. this autumn
BERLIN (Reuters) - Google Inc will launch its service to bring the Web to TV screens in the United States this autumn and worldwide next year, its chief executive said, as it extends its reach from the desktop to the living room.
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Coke Enterprises sets profit, revenue growth plan
CHICAGO (Reuters) - Coca-Cola Enterprises said it expects revenue to increase 4 percent to 6 percent annually, with earnings per share up in the high-single digits after its pending deal to sell some operations to Coca-Cola Co closes.
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Oracle hires HP's former chief Mark Hurd
NEW YORK (Reuters) - Silicon Valley technology giant Oracle Corp has hired Mark Hurd, the former chief executive of Hewlett-Packard Co who resigned amid a scandal, as president.
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Sinochem approaches Temasek on Potash bid: sources
SINGAPORE (Reuters) - China's state-owned chemicals group Sinochem Corp has approached Singapore state investor Temasek to join a consortium that may bid for Canada's Potash Corp , sources with knowledge of the deal said on Tuesday.
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Enterprise Products to buy Enterprise GP for $8 billion
BANGALORE (Reuters) - Midstream energy services provider Enterprise Products Partners LP said it would buy Enterprise GP Holdings LP for about $8.03 billion to reduce its capital costs and simplify its partnership structure.
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Basel bank talks refocus investors on capital
LONDON (Reuters) - Global regulators meeting on Tuesday look set to finalize tougher bank capital rules roughly in line with expectations but the package may take effect sooner than anticipated, raising investor concerns over dividends.
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FDA warns Unilever and Dr Pepper on Green Tea wording
CHICAGO (Reuters) - The Food and Drug Administration has warned beverage makers Dr Pepper Snapple Group Inc and Unilever for making improper statements regarding green tea on product labels and web sites.
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Financier Soros gives $100 million to rights group
NEW YORK (Reuters) - Billionaire financier George Soros is donating $100 million to Human Rights Watch over the next 10 years, the group said on Tuesday.
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