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Reuters: Business News |
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Asian shares gain, euro steadies as Greek talks in
TOKYO (Reuters) - Asian shares hit their highest level in more than five months on Wednesday and the euro hovered close to an 8-week high as investors kept hopes alive for an agreement on details of a new Greek bailout package despite further delays.
  
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Customers seek access to MF Global insurance sums
(Reuters) - Customers of MF Global's broker-dealer unit say at least $120 million in insurance policies for the company's executives should instead go toward filling a massive hole in their accounts.
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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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Nine companies sued over "exclusive forum" bylaws
(Reuters) - Chevron Corp and eight other corporations were sued by shareholders on Tuesday for adopting a bylaw that requires common types of shareholder lawsuits be brought exclusively in Delaware's Chancery Court.
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SEC's Gallagher wants more oversight of brokers
WASHINGTON (Reuters) - Congress made a mistake when it stripped away most of the Securities and Exchange Commission's authority to police the holding companies of broker-dealers for risks, according to the SEC's newest commissioner.
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CVS gets restraining order in drug abuse probe
(Reuters) - A federal judge on Tuesday granted CVS Caremark Corp a temporary restraining order allowing it to keep selling controlled prescription drugs at two Florida pharmacies at the center of raids by the U.S. Drug Enforcement Agency.
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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.
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Greeks seek elusive bailout deal as EU tempers fray
ATHENS (Reuters) - Greek parties will try yet again on Wednesday to strike a reform deal in return for a new international rescue to avoid a chaotic default, after a string of delays which have prompted some EU leaders to warn that the euro zone can live without Athens.
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Eyes on dissident states as mortgage deal nears
(Reuters) - A broad settlement with major banks over mortgage servicing abuses that would bring relief to distressed U.S. homeowners could be announced as early Thursday, two people familiar with the matter said.
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SEC weighs two money market fund proposals
(Reuters) - The chairman of the Securities and Exchange Commission is eyeing two potential plans to bolster the stability of money market funds, but their fate remains uncertain due to internal disagreement at the SEC over the need for more regulations.
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