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Reuters Newsfeed

Saturday, 22 November 2008 07:18

Reuters: Top News
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.

Obama moves to pick Timothy Geithner for Treasury
CHICAGO (Reuters) - President-elect Barack Obama on Friday moved toward nominating Timothy Geithner as Treasury secretary and charging the respected head of the New York Federal Reserve with helping pull the United States out of an economic ...

Citigroup talking to U.S. government as shares dive: source
NEW YORK (Reuters) - Citigroup Inc has begun talks with the U.S. government as its plummeting share price raises doubts about the bank's ability to survive, a person familiar with the matter said.<div class="feedflare"> <a ...

GM cuts output, jets as U.S. demands turnaround plans
DETROIT/WASHINGTON (Reuters) - Detroit automakers began work on turnaround plans demanded by Congress in return for $25 billion in aid as General Motors Corp said it would cut production more and give up two of its controversial corporate jets.<div ...

General Motors board weighs bankruptcy option: report
WASHINGTON (Reuters) - The board of directors of embattled U.S. automaker General Motors Corp is considering "all options" including bankruptcy, according to a report on the Wall Street Journal's website late on Friday.<div ...

Wall Street stages late rally on Geithner news
NEW YORK (Reuters) - U.S. stocks stormed higher in a late rally on Friday to cap another volatile week as investors welcomed reports that President-elect Barack Obama has chosen his point person to combat the U.S. economic crisis, instilling confidence ...

U.S. eyes "surge" of over 20,000 for Afghanistan
CORNWALLIS, Nova Scotia (Reuters) - The Pentagon is considering a plan to send more than 20,000 troops to Afghanistan over the next 12 to 18 months to help safeguard elections and quell rising Taliban violence, officials said on Friday.<div ...

U.S. Bancorp acquires deposits of failed Downey, PFF
WASHINGTON (Reuters) - U.S. banking regulators seized California banks Downey Savings and Loan and PFF Bank & Trust late Friday as the housing crisis claimed two more victims from the financial crisis.<div class="feedflare"> <a ...

Suspected U.S. missile strike kills 5 in Pakistan
PESHAWAR, Pakistan - A missile strike believed to have been launched by a U.S. drone aircraft killed at least five people in the North Waziristan tribal region of Pakistan on Saturday, Pakistani intelligence officials said.<div ...

Bush, Hu discuss North Korea ahead of APEC summit
LIMA (Reuters) - U.S. President George W. Bush held talks on ending North Korea's nuclear program with Chinese leader Hu Jintao on Friday, the first in a series of meetings U.S. officials hope will lead to a renewal of six-party talks by early ...

Space station's new urine recycler has glitches
HOUSTON (Reuters) - NASA is having problems with a $250 million system it just delivered to the International Space Station to recycle urine and other wastewater into drinking water for astronauts.<div class="feedflare"> <a ...