Two meter sea level rise unstoppable-experts
OXFORD, England (Reuters) - A rise of at least two meters in the world’s sea levels is now almost unstoppable, experts told a climate conference at Oxford University on Tuesday.
September 29, 2009
Wall Street dips as confidence data weighs
NEW YORK (Reuters) - Stocks fell on Tuesday as a surprise drop in a gauge of consumer confidence overshadowed signs of stabilization in housing and solid earnings from Walgreen Co .
FDIC wants banks to prepay fees to meet failure bill
WASHINGTON (Reuters) - U.S. banking regulators proposed on Tuesday that banks prepay three years of fees to help cover the rising cost of bank failures, now put at 0 billion through 2013.
Toyota plans recall of 3.8 million vehicles
DETROIT/WASHINGTON (Reuters) - Toyota Motor Corp said on Tuesday it will recall some 3.8 million vehicles because of the risk that a loose floormat could force down the accelerator, a problem suspected of causing crashes that killed five people.
Boston Sci to pay J&J $716 million to settle suits
NEW YORK (Reuters) - Boston Scientific Corp will pay Johnson & Johnson 6 million to settle more than a dozen patent dispute lawsuits involving coronary stents and other heart devices, the companies said on Tuesday.
U.S. consumer woes overshadow housing cheer
NEW YORK (Reuters) - U.S. house prices rose for a third month in July, but consumer confidence fell unexpectedly in September as the worst job market in 26 years fueled worries about personal finances, private reports showed on Tuesday.
Hartford Financial names ex-BofA exec as CEO
NEW YORK (Reuters) - Hartford Financial Services Group Inc named a former Bank of America Corp executive to replace its chairman and CEO, Ramani Ayer, who had announced plans to retire in June after the 199-year-old insurer struggled with record losses.
CIT in talks for loan of up to $10 billion: sources
NEW YORK (Reuters) - CIT Group Inc is negotiating a new credit facility of up to billion that could help the finance company pay off maturing debt and stave off bankruptcy, people familiar with the situation said.
Nike beats on cost cuts, shares jump
SAN FRANCISCO (Reuters) - Nike Inc beat quarterly profit expectations as deep cost cuts and lower taxes more than offset crumbling revenue in key markets like the United States and China, sending its shares up 4.4 percent.
Coke, bottler launching campaign against soda tax
NEW YORK (Reuters) - Coca-Cola Co and its largest independent bottler, Coca-Cola Enterprises Inc, are mounting a campaign against a possible U.S. tax on soft drinks.