Reuters: U.S.

Obama confident of passing healthcare reform

Fri, 10 Jul 2009 12:08:52 -0400

WASHINGTON (Reuters) - U.S. President Barack Obama acknowledged on Friday that tough negotiations on overhauling U.S. healthcare lie ahead after some of his own Democrats rebelled but he expressed confidence a plan will be passed.

Waning U.S. consumer mood raises recovery questions

Fri, 10 Jul 2009 11:56:28 -0400

NEW YORK/WASHINGTON (Reuters) - U.S. consumers' moods soured in early July on persistent worries about jobs, a survey showed on Friday, offering little hope their spending will help the sputtering economic recovery.

Americans swap homes for hotels as recession bites

Fri, 10 Jul 2009 13:20:16 -0400

CAMBRIDGE, Massachusetts (Reuters) - Some Americans are swapping homes for motels as the ranks of the homeless swell during the recession, crowding out shelters and forcing cities and states across the country to find new types of housing.

U.S. retailers continue struggle with employee theft

Fri, 10 Jul 2009 13:26:54 -0400

CHICAGO (Reuters) - Walking the pharmacy aisle of a Target Corp discount store, shoppers can't miss the many anti-shoplifting measures: locked display cases, alarm cords around boxes of expensive merchandise, display hangers with locks on the end.

Feeder fund assets frozen in Petters Ponzi case

Fri, 10 Jul 2009 13:32:08 -0400

WASHINGTON (Reuters) - A federal judge froze the assets of a hedge fund manager accused of acting as a $2 billion feeder fund for a multibillion-dollar Ponzi scheme operated by Minnesota businessman Thomas Petters, federal regulators said on Friday.

GM and eBay testing partnership in California

Fri, 10 Jul 2009 11:03:09 -0400

DETROIT (Reuters) - General Motors and its dealers will test a partnership with eBay Inc in California that allows customers to bid on new vehicles or buy them at a predetermined price online, the automaker said on Friday.

UBS tax deal uncertain ahead of U.S. court case

Fri, 10 Jul 2009 12:41:29 -0400

ZURICH/WASHINGTON (Reuters) - Swiss bank UBS braced on Friday for a high-stakes trial in the United States next week that could force it to reveal secret client data, as a last-minute deal remained elusive.

Judge in Chrysler case reappointed to 14-year term

Fri, 10 Jul 2009 11:48:20 -0400

NEW YORK (Reuters) - Judge Arthur Gonzalez, who recently oversaw the bankruptcy of automaker Chrysler, was reappointed to a second 14-year term at the U.S. Bankruptcy Court for the Southern District of New York.

U.S. asks banks to expand foreclosure prevention

Fri, 10 Jul 2009 12:04:45 -0400

WASHINGTON (Reuters) - The Obama administration is asking the largest mortgage finance companies to quicken the pace of modifying home loans and so help more troubled borrowers avoid foreclosure.

For many Americans, health cover is key to a job

Thu, 09 Jul 2009 14:07:36 -0400

SOUTHLAKE, Texas (Reuters) - Real estate agent Lisa DeWaal serves coffee at a Starbucks outlet for four hours every morning before she goes to the office to start her "day job."