| | Dow at fresh record as Wall Street edges higher | NEW YORK (Reuters) - U.S. stocks edged up on Monday, lifting the Dow to another record closing high even as investors turned their focus to how soon the Federal Reserve might begin reducing stimulus. | | | | | OSX becomes second Batista company to file for bankruptcy | RIO DE JANEIRO (Reuters) - Brazilian shipbuilder OSX Brasil SA filed for bankruptcy protection on Monday, becoming the second company controlled by former billionaire Eike Batista to seek court protection from creditors in just over a week. | | | | | | China to unveil 10-year reform plan, expectations toned down | BEIJING (Reuters) - China's leaders will unveil a reform agenda for the next decade on Tuesday, seeking to balance the need to overhaul the world's second-largest economy as it loses steam with preserving stability and to reinforce the Communist Party's power. | | | | | | Virgin enters fray to oppose US Airways-American deal | WASHINGTON (Reuters) - The airline Virgin America Inc asked for permission on Monday to file a brief with the court hearing the Justice Department's bid to stop a merger of US Airways and American Airlines, arguing for barriers to entry to be lowered in the industry. | | | | | | Alitalia calls board meeting, may discuss job cuts | MILAN (Reuters) - Italian airline Alitalia has called a board meeting for Wednesday to discuss a revised industrial plan for the loss-making carrier that could include heavy job losses, sources familiar with the situation said on Monday. | | | | | | Moody's, S&P and Fitch sued over failed Bear Stearns funds | NEW YORK (Reuters) - The liquidators of two Bear Stearns hedge funds filed a lawsuit on Monday against the three major U.S. rating agencies, accusing them of fraudulently assigning inflated ratings to securities in the run-up to the financial crisis. | | | | U.S. should get mortgage firm data for probe, judge says | (Reuters) - A federal judge on Monday recommended that a large firm that reviewed mortgages for Wall Street banks turn over e-mails and other data that may help the government decide which banks to sue for packaging shoddy mortgages into securities that fueled the financial crisis. | | | | | | | A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today | | | | | | | The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today | | | | | » MORE NEWSLETTERS | |
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