NEW YORK (Reuters) - Investors in Gabriel Capital LP, a so-called feeder fund that funneled money to imprisoned swindler Bernard Madoff, were awarded $12.74 million by a panel of three arbitrators, court records show. The award to two New Jersey investment funds was disclosed in a filing Thursday with the ...More
WASHINGTON (Reuters) - President Barack Obama will outline new measures next week to boost the U.S. economy after August data on Friday showed again that jobs -- the central issue in November elections -- were being created too slowly. Obama, speaking to reporters in the White House Rose Garden, greeted a better-than-expected ...More
NEW YORK (Reuters) - The U.S. non-manufacturing sector grew in August for an eighth straight month but at a slower pace than July and at a rate that was below expectations, according to an industry report released on Friday. The Institute for Supply Management said its index of national services ...More
CHICAGO (Reuters) - Walgreen Co <WAG.N> posted weaker-than-expected August sales at stores open more than a year, hurt by generic drug introductions and a decrease in customer traffic. The results were reported a day after most retailers beat analysts' sales expectations for August. Sales at stores open at least a ...More
CHICAGO (Reuters) - Campbell Soup Co <CPB.N> posted lower-than-expected quarterly sales and forecast sales growth for the new fiscal year below its long-term target as the world's largest soup company grapples with a weak economy. Campbell shares fell 3.2 percent following the report on Friday, even though it ...More
RIO DE JANEIRO (Reuters) - Brazilian state oil company Petrobras on Friday filed to sell up to $64.5 billion of new stock -- the largest in capital markets history -- sending its stock sharply higher after months of uncertainty that dragged on its share price. The global stock offer could be expanded ...More
LONDON (Reuters) - Global service sector surveys highlighted a growing divergence in economic recovery on Friday with a pick up in growth in China and Germany but slowdowns in Britain and Spain and an expected deceleration in the United States. The data follows sister surveys which earlier this week painted a ...More
