Yara buys Terra for $4.1B
February 15, 2010
OSLO (Reuters) - Norway's Yara agreed to buy Terra Industries for $4.1 billion to create the world's biggest mineral fertilizer producer and boost its U.S. presence, as rivals look to join forces to gain size and reach.
February 15, 2010
OSLO (Reuters) - Norway's Yara agreed to buy Terra Industries for $4.1 billion to create the world's biggest mineral fertilizer producer and boost its U.S. presence, as rivals look to join forces to gain size and reach.
Greek drama plays out on Wall Street
February 15, 2010
NEW YORK (Reuters) - U.S. stocks could struggle to make headway this week if a meeting of European finance ministers fails to reassure markets that they can contain Greece's debt problems.
February 15, 2010
NEW YORK (Reuters) - U.S. stocks could struggle to make headway this week if a meeting of European finance ministers fails to reassure markets that they can contain Greece's debt problems.
HSBC seeks big growth, sukuk pickup in 2010
February 15, 2010
DUBAI (Reuters) - HSBC expects double-digit revenue growth this year in its Amanah Islamic banking division and more sukuk mandates than in 2009, Razi Fakih, deputy chief executive of Amanah told Reuters.
February 15, 2010
DUBAI (Reuters) - HSBC expects double-digit revenue growth this year in its Amanah Islamic banking division and more sukuk mandates than in 2009, Razi Fakih, deputy chief executive of Amanah told Reuters.
Toyota to brief on recalls in Tokyo on Feb 17
February 15, 2010
TOKYO (Reuters) - The president of Toyota Motor Corp will hold a briefing on Wednesday in Tokyo to update on the progress of a massive global recall that has tarnished the reputation of the world's largest car maker.
February 15, 2010
TOKYO (Reuters) - The president of Toyota Motor Corp will hold a briefing on Wednesday in Tokyo to update on the progress of a massive global recall that has tarnished the reputation of the world's largest car maker.
Bharti confirms $10.7B bid for Zain Africa
February 15, 2010
NEW DELHI (Reuters) - Bharti Airtel is in exclusive talks to buy for $10.7 billion in cash most of Kuwaiti telecom group Zain's African cellular assets, the Indian firm's third attempt at gaining a foothold in a continent that offers a last opportunity for major subscriber growth.
February 15, 2010
NEW DELHI (Reuters) - Bharti Airtel is in exclusive talks to buy for $10.7 billion in cash most of Kuwaiti telecom group Zain's African cellular assets, the Indian firm's third attempt at gaining a foothold in a continent that offers a last opportunity for major subscriber growth.
BAE in $929M write-down on lost U.S. deal
February 15, 2010
LONDON (Reuters) - BAE Systems , Europe's biggest military contractor, said it will take a charge of 592 million pounds ($929 million) to its 2009 accounts after losing out on a U.S. Army contract after an unsuccessful appeal.
February 15, 2010
LONDON (Reuters) - BAE Systems , Europe's biggest military contractor, said it will take a charge of 592 million pounds ($929 million) to its 2009 accounts after losing out on a U.S. Army contract after an unsuccessful appeal.
Tata Motors appoints former GM exec as CEO
February 15, 2010
MUMBAI (Reuters) - India's Tata Motors has appointed Carl-Peter Forster, a former General Motors executive, as the group chief executive officer, the company said on Monday.
February 15, 2010
MUMBAI (Reuters) - India's Tata Motors has appointed Carl-Peter Forster, a former General Motors executive, as the group chief executive officer, the company said on Monday.
Japan GDP up, stimulus masks deflation crisis
February 15, 2010
TOKYO (Reuters) - Japan's economy grew faster than expected in the fourth quarter with a stimulus-fueled rebound in domestic demand and a corporate investment revival masking rising deflationary pressure and the risk of a slowdown in 2010.
February 15, 2010
TOKYO (Reuters) - Japan's economy grew faster than expected in the fourth quarter with a stimulus-fueled rebound in domestic demand and a corporate investment revival masking rising deflationary pressure and the risk of a slowdown in 2010.
EU asks Greece to explain derivatives reports
February 15, 2010
BRUSSELS (Reuters) - The European Commission said on Monday it was asking Greece to explain reports in the U.S. and German press that it engaged some years ago in derivatives deals with U.S. investment banks to cut its deficit and debt figures.
February 15, 2010
BRUSSELS (Reuters) - The European Commission said on Monday it was asking Greece to explain reports in the U.S. and German press that it engaged some years ago in derivatives deals with U.S. investment banks to cut its deficit and debt figures.
Juncker: Greece must cut deficit in 2010
February 15, 2010
BRUSSELS (Reuters) - Greece must cut its budget deficit by 4 percentage points this year and if it doesn't, additional measures could be called for, Eurogroup chairman Jean-Claude Juncker said on Monday.
February 15, 2010
BRUSSELS (Reuters) - Greece must cut its budget deficit by 4 percentage points this year and if it doesn't, additional measures could be called for, Eurogroup chairman Jean-Claude Juncker said on Monday.
ECB’s Orphanides: Accommodation still needed
February 15, 2010
FRANKFURT (Reuters) - The European Central Bank has to keep its monetary policy accommodative while it continues unwinding of some of its crisis liquidity measures, Governing Council member Athanasios Orphanides was quoted on Monday as saying. Orphanides also told news agency Bloomberg he was concerned that inflation undershooting the ECB's price stability definition could start to impact inflation expectations, and said there are advantages to keeping full allotment policy in place in at least
February 15, 2010
FRANKFURT (Reuters) - The European Central Bank has to keep its monetary policy accommodative while it continues unwinding of some of its crisis liquidity measures, Governing Council member Athanasios Orphanides was quoted on Monday as saying. Orphanides also told news agency Bloomberg he was concerned that inflation undershooting the ECB's price stability definition could start to impact inflation expectations, and said there are advantages to keeping full allotment policy in place in at least
Dow, S&P 500 slip; Nasdaq flat
February 12, 2010
NEW YORK (Reuters) - The Dow and S&P 500 edged lower on Friday as China's move to curb bank lending and euro zone growth data stoked fears that the global economic recovery might be in jeopardy.
February 12, 2010
NEW YORK (Reuters) - The Dow and S&P 500 edged lower on Friday as China's move to curb bank lending and euro zone growth data stoked fears that the global economic recovery might be in jeopardy.
Microsoft to announce new phone software
February 12, 2010
SEATTLE (Reuters) - Microsoft Corp is set to announce new mobile phone software on Monday, according to sources close to the company, as it looks to wrestle back market share from Apple Inc's iPhone and Research in Motion Ltd's BlackBerry.
February 12, 2010
SEATTLE (Reuters) - Microsoft Corp is set to announce new mobile phone software on Monday, according to sources close to the company, as it looks to wrestle back market share from Apple Inc's iPhone and Research in Motion Ltd's BlackBerry.
Goldman shuffles investment management leaders
February 12, 2010
NEW YORK (Reuters) - Goldman Sachs Group Inc announced on Friday a management shuffle atop its investment management division, according to internal memos.
February 12, 2010
NEW YORK (Reuters) - Goldman Sachs Group Inc announced on Friday a management shuffle atop its investment management division, according to internal memos.
Wall Street tumbles as China ups bank reserves
February 12, 2010
NEW YORK (Reuters) - Stocks tumbled on Friday after a surprise move by China to increase bank reserve requirements raised worries about the impact of monetary tightening on global growth, weighing on commodity prices and resource shares.
February 12, 2010
NEW YORK (Reuters) - Stocks tumbled on Friday after a surprise move by China to increase bank reserve requirements raised worries about the impact of monetary tightening on global growth, weighing on commodity prices and resource shares.
German halt, Italian reverse euro zone recovery
February 12, 2010
PARIS (Reuters) - Europe's post-recession recovery hit a roadblock on Friday as German economic growth unexpectedly halted and Italy went into reverse in the final quarter of 2009, knocking total euro zone GDP growth almost flat.
February 12, 2010
PARIS (Reuters) - Europe's post-recession recovery hit a roadblock on Friday as German economic growth unexpectedly halted and Italy went into reverse in the final quarter of 2009, knocking total euro zone GDP growth almost flat.
Ingersoll-Rand profit below Wall Street view
February 12, 2010
BOSTON (Reuters) - Ingersoll-Rand Plc posted fourth-quarter earnings that missed Wall Street's expectations as weak nonresidential construction activity hit demand for heating and cooling systems.
February 12, 2010
BOSTON (Reuters) - Ingersoll-Rand Plc posted fourth-quarter earnings that missed Wall Street's expectations as weak nonresidential construction activity hit demand for heating and cooling systems.
Discover settles Morgan Stanley suit for $775M
February 12, 2010
NEW YORK (Reuters) - Discover Financial Services paid Morgan Stanley $775 million to settle claims related to sharing proceeds from an antitrust suit against credit card networks Visa Inc and MasterCard Inc , according to a regulatory filing on Friday.
February 12, 2010
NEW YORK (Reuters) - Discover Financial Services paid Morgan Stanley $775 million to settle claims related to sharing proceeds from an antitrust suit against credit card networks Visa Inc and MasterCard Inc , according to a regulatory filing on Friday.
Retail sales stronger than expected in January
February 12, 2010
WASHINGTON (Reuters) - Sales at U.S. retailers rose more than expected in January as strong receipts from sporting goods, general merchandise, electronic and appliance stores offset flat purchases of motor vehicles, government data showed on Friday.
February 12, 2010
WASHINGTON (Reuters) - Sales at U.S. retailers rose more than expected in January as strong receipts from sporting goods, general merchandise, electronic and appliance stores offset flat purchases of motor vehicles, government data showed on Friday.
Forex pressures weigh on PepsiAmericas Q4
February 12, 2010
(Reuters) - Bottler PepsiAmericas Inc , which is being bought by PepsiCo Inc , posted a lower-than-expected quarterly profit, hurt by forex pressures.
February 12, 2010
(Reuters) - Bottler PepsiAmericas Inc , which is being bought by PepsiCo Inc , posted a lower-than-expected quarterly profit, hurt by forex pressures.