NEW YORK (Reuters) - Coffee roasters quietly pulled off a financial feat last year that went unnoticed by most customers: Adding a higher proportion of cheaper, lower-grade robusta to their grounds as the price of top-notch arabica beans surged.
Reuters
Wall Street climbs two percent on talk of Spain solution
NEW YORK (Reuters) - Stocks jumped on Wednesday, giving the S&P 500 its best day since December, as talk of a rescue of Spain's troubled banks and hopes for more monetary stimulus sparked a rebound from recent selling.
Gupta trial defense bids to sow doubt with phone records
NEW YORK (Reuters) - Lawyers for former Goldman Sachs Group Inc board member Rajat Gupta on Wednesday tried to use phone records to sow doubt at his insider-trading trial about contact with now-imprisoned hedge fund founder Raj Rajaratnam.
Yellen argues for more Fed easing amid Europe risk
BOSTON (Reuters) - The Federal Reserve's second-highest official on Wednesday laid out the case for the U.S. central bank to provide more support to a fragile economy as financial turmoil in Europe mounts.
