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Paulson to Reveal More on Fed Stability Role

BERLIN (Reuters) - Treasury Secretary Henry Paulson will reveal more details about his accelerated plans for the Federal Reserve to assume a larger regulatory role in maintaining financial system stability

Ex-Airbus Boss Humbert Held in Trading Probe

PARIS (Reuters) - Former Airbus chief executive Gustav Humbert has been placed in police custody for questioning in a widening probe into allegations of insider trading at European aerospace group

Navistar Says Pickup Market in "stranglehold"

CHICAGO (Reuters) - U.S. truck and engine maker Navistar International Corp <NAVZ.PK> said on Monday the U.S. pickup truck market was in a "stranglehold," squeezed by both economic weakness and

PIMCO’s Gross: Long-term Treasury Yields to Rise

NEW YORK (Reuters) - The world's biggest bond fund manager anticipates that Barack Obama will be the next U.S. president, and warns that he will face stern economic circumstances.

Majors Say High Oil Prices Not Due to Speculators

MADRID (Reuters) - The heads of some of the world's biggest oil companies countered on Monday OPEC claims that speculators were driving high oil prices, blaming instead a dearth of

Campbell Sees Profit at Upper End of Forecast

CHICAGO (Reuters) - Campbell Soup Co <CPB.N> on Monday said it expects profit for the current fiscal year to be at the upper end of its forecast range and set

World Needs Tough Monetary Policy to Tackle Inflation

BASEL (Reuters) - The world needs higher interest rates to tackle a clear inflation threat, even though economic growth is likely to be hit harder than most observers expect, the

Bank of NY Mellon CEO Sees More Losses From Banks

PARIS (Reuters) - The chief executive of Bank of New York Mellon Corp <BK.N> said on Monday he expected further losses from the banking sector and added that the U.S.

China Airlines to Raise Fuel Surcharge Up to 50 Percent

SHANGHAI (Reuters) - Chinese airlines including China Southern Airlines <600029.SS> <1055.HK> will raise domestic jet fuel surcharges as much as 50 percent from Tuesday to offset pressure from high oil

France Telecom Withdraws TeliaSonera Offer

PARIS/STOCKHOLM (Reuters) - France Telecom withdrew a $40 billion plan to acquire TeliaSonera on Monday, pleasing its own shareholders but casting doubt over the Nordic operator's future.