PAJU, South Korea (Reuters) - Flat-screen maker LG Display <034220.KS> will spend $1.3 billion to raise output and help meet robust customer demand and is betting on booming premium LCD TV sales to drive strong growth this year.
The LCD industry has enjoyed brisk demand for flat-screen TVs, helped ...More
OSLO (Reuters) - Norway's Yara International ASA <YAR.OL> shied away from raising its offer for Terra Industries Inc <TRA.N> to top a rival bid, boosting its shares but scuppering its U.S. expansion plans.
"Terra would be a perfect fit to Yara and attractive at our proposed valuation ...More
HOUSTON (Reuters) - White House economic adviser Larry Summers said on Thursday that the United States is "very close" to the point where job growth can begin. (Reporting by Chris Baltimore; editing by Carol Bishopric)
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WASHINGTON (Reuters) - President Barack Obama plans to nominate San Francisco Federal Reserve Bank President Janet Yellen, a respected policy dove, to be vice chairman of the central bank, a source familiar with the process said on Thursday.
Yellen would replace Donald Kohn, a 40-year veteran of the Fed who announced ...More
NEW YORK (Reuters) - It's enough to make a mining executive grit his teeth or his kids to give him the silent treatment.
In a case of art imitating life -- with perhaps a little poetic license -- Oscar-winning movie "Avatar" paints big mining companies as the villains of the future.
But ...More
DETROIT/WASHINGTON (Reuters) - Unprecedented discounts after a series of damaging recalls boosted Toyota Motor Corp's U.S. sales in early March, as U.S. regulators weighed new auto safety measures.
Toyota's U.S. sales surged by nearly 50 percent in the first eight days of March compared with ...More
NEW YORK (Reuters) - Lehman Brothers Holdings Inc used accounting gimmicks and had been insolvent for weeks before it filed for bankruptcy in September 2008, but there was not extensive wrongdoing, a court-appointed examiner has found.
In a 2,200-page report made public on Thursday, examiner Anton Valukas, chairman of law ...More
CHARLOTTE, North Carolina (Reuters) - Bank of America Corp's <BAC.N> push into the competitive realm of managing retirement assets is paying early dividends.
The bank's retirement business is winning more 401(k) plan business from its large corporate clients in a major initiative, Chief Executive Brian Moynihan said ...More
WASHINGTON (Reuters) - Lingering U.S. labor market weakness and nagging doubts about the solidity of the economic recovery are expected to keep the Federal Reserve committed to holding borrowing costs very low for a long time at a monetary policy meeting next week.
The Fed -- the U.S. central bank ...More
NEW YORK (Reuters) - Citigroup Inc <C.N> Chief Executive Vikram Pandit told investors on Thursday the bank is on track to return to sustained profitability and losses from some of its worst assets should be manageable if the economy does not deteriorate.
The comments were uncharacteristically optimistic for Pandit. The ...More
