Senate Democratic healthcare negotiators said they agreed on Tuesday to replace a government-run insurance option with a scaled-back non-profit plan and would seek cost estimates on the deal. "We have a broad agreement," Senate Democratic leader Harry Reid told reporters, refusing to provide...

Banks outside the Gulf played down their exposure to Dubai debt on Friday after fears of default shook global markets, and European leaders said the world economy was now strong enough to cope with the setback. Stocks from Tokyo to London were haunted by concerns that banks were exposed to state...

The U.S. Federal Reserve this month asked nine banks that were part of "stress tests" conducted earlier this year to submit plans to repay money injected under the Troubled Asset Relief Program (TARP), Bloomberg said, citing a person familiar with the situation. The banks may be allowed to repay...

Two private equity-owned U.S. retailers, discounter Dollar General Corp (DG) and youth apparel chain rue21 Inc (RUE) rose in their trading debuts on Friday, in performances that will soothe worries that investor appetite for buyout-backed initial public offerings has waned. Shares of Dollar...

Toyota Motor Corp's (TM) surprise quarterly profit and halving of its annual loss forecast failed to convince investors the world's No.1 carmaker is back on track, as government subsidies peter out and a strong yen takes its toll. Major Japanese automakers have raised their forecasts for the year...

Kraft Foods Inc, which posted weaker-than-expected quarterly revenue and cut its full-year sales forecast on Tuesday, said it would not overpay for British chocolatier Cadbury Plc. Investors in both companies had hoped strong quarterly results would bolster the value of Kraft's initial $16.7...

The board of General Motors Co has opted to keep Opel, undoing months of painstaking negotiations to sell the European unit to a Russian-backed group led by Canada's Magna. GM confirmed the decision made by its 13-member board after a meeting of directors on Tuesday in Detroit, saying that...

U.S. auto sales in October are expected to provide more evidence that the worst of the industry's four-year downturn has passed, while leaving open doubts about the speed and strength of the recovery. Analysts and executives expect U.S. auto sales will be above 10 million vehicles on the annualized...

JPMorgan Chase & Co raised concerns about Galleon hedge fund founder Raj Rajaratnam and his associates as far back as 2001, the Financial Times reported, citing an internal company document seen by the newspaper. Rajaratnam, 52, was arrested on October 16 along with five others in what...

The United States, which posted a record deficit in the last fiscal year, may lose its Aaa-rating if it does not reduce the gap to manageable levels in the next 3-4 years, Moody's Investors Service said on Thursday. The U.S. government posted a deficit of $1.417 trillion in the year ended September...