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Reuters: Business News
  • U.S. to pump $250 billion into banks
    LONDON/TOKYO (Reuters) - The United States will pump $250 billion into its banks on Tuesday, following similar measures in Europe, but data showed the threat of recession has not been banished even if a financial sector meltdown has.

  • Bank capital plan lifts futures, Citi jumps
    NEW YORK (Reuters) - Stock index futures pointed to a sharply higher open for a second day on Tuesday as a plan by Washington to inject $250 billion of capital in major U.S. banks spurred investors to wade back into equities.

  • J&J profit beats forecast, shares jump
    NEW YORK (Reuters) - Johnson & Johnson, fueled by strong sales of consumer products and medical devices, on Tuesday reported third-quarter earnings that eclipsed Wall Street expectations and lifted shares almost 5 percent.

  • General Motors says bankruptcy not an option
    DUBAI (Reuters) - General Motors said on Tuesday bankruptcy for the firm is not an option and called for coordinated federal action to assist the ailing U.S. automobile industry.

  • PepsiCo profit misses view; to cut 3,300 jobs
    NEW YORK (Reuters) - PepsiCo Inc reported a quarterly profit that missed Wall Street expectations, hurt by disappointing U.S. soft drink sales.


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Tue, Oct 14th, 2008, @6:30pm
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