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https://www.reuters.com/article/rbssConsumerFinancialServices/idUSN2619086820091026
Freeze U.S. credit card rates, says Sen. Dodd
Freeze U.S. credit card rates, says Sen. Dodd By Reuters Staff2 Min Read WASHINGTON, Oct 26 (Reuters) - Senate Banking Committee Chairman Christopher Dodd said on Monday he was introducing legislation calling for a temporary freeze on credit card interest rates on existing balances. The push for a freeze comes as Democ...
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https://www.reuters.com/article/rbssConsumerGoodsAndRetailNews/idINL076703820080507?edition-redirect=in
Tyre firm Nokian Renkaat Q1 beats forecasts
Tyre firm Nokian Renkaat Q1 beats forecasts By Reuters Staff2 Min Read HELSINKI (Reuters) - Finnish tyre maker Nokian Renkaat NRE1V.HE on Wednesday reported better-than-expected profits and sales for the January-March quarter, helped by strong demand for its products in Russia and eastern Europe. Nokian Renkaat’s first...
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https://www.reuters.com/article/rbssConsumerGoodsAndRetailNews/idINN0942108820090809?edition-redirect=in
UPDATE 1-'G.I. Joe' movie leads worldwide invasion
UPDATE 1-'G.I. Joe' movie leads worldwide invasion By Reuters Staff5 Min Read * “G.I. Joe” earns $100 million worldwide * Costly action film leads N.America with $56.2 million * “Julie & Julia” cooks up $20.1 million (new throughout, recasts lead; adds quotes, analysis) LOS ANGELES, Aug 9 (Reuters) - A new action movie...
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https://www.reuters.com/article/rbssConsumerGoodsAndRetailNews/idINN2854955120090129?edition-redirect=in
Chile Cencosud delays $500 million mall due crisis
Chile Cencosud delays $500 million mall due crisis By Reuters Staff0 Min Read SANTIAGO, Jan 28 (Reuters) - Chile's Cencosud CEN.SN, one of Latin America's largest retailers, said on Wednesday it would gradually delay construction work on a $500 million mega-mall in the capital, Santiago, because of the global financial...
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https://www.reuters.com/article/rbssConsumerGoodsAndRetailNews/idINTOE63001F20100401?edition-redirect=in
Xinyi Glass Holdings shares suspended -HKEx
Xinyi Glass Holdings shares suspended -HKEx By Reuters Staff1 Min Read HONG KONG, April 1 (Reuters) - Trading in shares of Xinyi Glass Holdings Ltd 0868.HK was suspended on Thursday, the Hong Kong exchange said. No further details were immediately available. (Reporting by Jimmy Tsim; Editing by Jonathan Hopfner) Our St...
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https://www.reuters.com/article/rbssConsumerGoodsAndRetailNews/idUKBNG26101120080708?edition-redirect=uk
UPDATE 1-Syntax-Brillian files for Chapter 11 bankruptcy
UPDATE 1-Syntax-Brillian files for Chapter 11 bankruptcy By Pratish Narayanan3 Min Read (Adds details from court documents, background) BANGALORE, July 8 (Reuters) - U.S. television set and digital camera maker Syntax-Brillian Corp BRLC.O filed for Chapter 11 bankruptcy protection on Monday after a year of weak sales, ...
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https://www.reuters.com/article/rbssConsumerGoodsAndRetailNews/idUKLF17129320090417?edition-redirect=uk
FEATURE African beer keeps head as other markets go flat
FEATURE African beer keeps head as other markets go flat By Alistair Thomson, Joe Bavier7 Min Read * Continent offers expansion prospects despite slowdown * Growth still set to outstrip other regions * Brewers substitute local ingredients for imported barley DAKAR/KINSHASA, April 17 (Reuters) - As the sun sets over the...
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https://www.reuters.com/article/rbssConsumerGoodsAndRetailNews/idUKN0243945420090303?edition-redirect=uk
UPDATE 1-Colombia says troops kill guerrilla commander
UPDATE 1-Colombia says troops kill guerrilla commander By Reuters Staff4 Min Read (Adds four soldiers killed, union leader’s arrest) BOGOTA, March 2 (Reuters) - Colombian troops killed a FARC guerrilla commander accused of ordering extortion and bombings around Bogota, including small blasts at supermarkets and video s...
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https://www.reuters.com/article/rbssConsumerGoodsAndRetailNews/idUSBNG7174220090804?sp=true
UPDATE 3-'Iron Man' helps Marvel soar past Wall Street
UPDATE 3-'Iron Man' helps Marvel soar past Wall Street By 4 Min Read * Q2 EPS $0.37 beats estimates by 6 cents * Q2 rev beats estimates * Q2 publishing margins down * Raises low end of full-year profit, sales forecasts * Shares touch all-time high of $41.74 (Adds analyst comment, conference call details; updates share ...
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https://www.reuters.com/article/rbssConsumerGoodsAndRetailNews/idUSFWN0ZV07720150716
BRIEF-UAZ announces delisting of shares from Moscow Exchange
BRIEF-UAZ announces delisting of shares from Moscow Exchange By Reuters Staff1 Min Read July 16 (Reuters) - UAZ : * Says its shares are delisted from Moscow Exchange as of July 8 Source text: bit.ly/1e1Z3SC Further company coverage: (Gdynia Newsroom) Our Standards: The Thomson Reuters Trust Principles.
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https://www.reuters.com/article/rbssConsumerGoodsAndRetailNews/idUSL0932139720080109
Daimler, ADM, Bayer to test Jatropha for biodiesel
Daimler, ADM, Bayer to test Jatropha for biodiesel By Reuters Staff2 Min Read FRANKFURT, Jan 9 (Reuters) - German carmaker Daimler AG DAIGn.DE has teamed up with Archer Daniels Midland ADM.N and Bayer CropScience BAYG.DE to explore tropical plant Jatropha as a biodiesel fuel, Daimler said. “Biodiesel derived from Jatro...
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https://www.reuters.com/article/rbssConsumerGoodsAndRetailNews/idUSL1490716820080514
UPDATE 2-New Britain doubles profit from palm oil
UPDATE 2-New Britain doubles profit from palm oil By Hsu Chuang Khoo4 Min Read (Adds director, analyst comments, background, share price) LONDON, May 14 (Reuters) - New Britain Palm Oil NBPO.L doubled quarterly profits and underlined plans to double acreage over the next seven years in anticipation of strong palm oil p...
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https://www.reuters.com/article/rbssConsumerGoodsAndRetailNews/idUSL42706220081004
UPDATE 1-S.Korea finds melamine in China-made Snickers,KitKat
UPDATE 1-S.Korea finds melamine in China-made Snickers,KitKat By Reuters Staff2 Min Read (Adds statement from Nestle, Mars) SEOUL, Oct 4 (Reuters) - South Korea's food watchdog has ordered China-manufactured snacks from Nestle SA NESN.VX and Mars Inc to be taken off shelves after detecting melamine in their samples, it...
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https://www.reuters.com/article/rbssConsumerGoodsAndRetailNews/idUSL812308620091008
UPDATE 1-Russia to ban incandescent light bulbs from 2014
UPDATE 1-Russia to ban incandescent light bulbs from 2014 By 3 Min Read * Three-step plan to phase out standard bulbs * Ban on 100-watt bulbs from 2011, 70-watt from 2013 * Designed to save energy * Mirrors European Union plan (Adds details, background) By Darya Korsunskaya MOSCOW, Oct 8 (Reuters) - Russia plans to ban...
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https://www.reuters.com/article/rbssConsumerGoodsAndRetailNews/idUSL957994520090709
Italy approves first class-action law
Italy approves first class-action law By Reuters Staff2 Min Read ROME, July 9 (Reuters) - Lawmakers on Thursday approved Italy’s first law establishing class-action lawsuits after several delays, a law criticised by several consumer groups as being unworkable. Under the law, effective from January 2010, consumers teami...
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https://www.reuters.com/article/rbssConsumerGoodsAndRetailNews/idUSLB6378320081211
REFILE-Merckle sets Friday deadline in debt talks -sources
REFILE-Merckle sets Friday deadline in debt talks -sources By Reuters Staff2 Min Read (Refiles to fix ‘deadline’ typo in headline) FRANKFURT, Dec 11 (Reuters) - German tycoon Adolf Merckle has given creditor banks a Friday deadline to accept his conditions for a deal his family needs to escape a liquidity crunch, sourc...
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https://www.reuters.com/article/rbssConsumerGoodsAndRetailNews/idUSLM28892820090522
UK car production -55.3 pct yy in April-SMMT
UK car production -55.3 pct yy in April-SMMT By Reuters Staff1 Min Read LONDON, May 22 (Reuters) - British car production fell 55.3 percent in April versus a year ago, the Society of Motor Manufacturers and Traders said on Friday. The industry group said 68,258 cars were produced in April. In the year-to-date, there we...
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https://www.reuters.com/article/rbssConsumerGoodsAndRetailNews/idUSMAN8833120080317
UPDATE 1-Manila asks fast-food chains to offer less rice
UPDATE 1-Manila asks fast-food chains to offer less rice By Carmel Crimmins4 Min Read (Adds customer comments) MANILA, March 17 (Reuters) - The Philippine government, struggling to secure rice on world markets at skyrocketing prices, wants people to waste less of the national staple. “I’m asking fast-food restaurants t...
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https://www.reuters.com/article/rbssConsumerGoodsAndRetailNews/idUSN1036502320080410
Next round of bids for Weather Channel due in May-sources
Next round of bids for Weather Channel due in May-sources By Jui Chakravorty Das4 Min Read NEW YORK, April 10 (Reuters) - A handful of media companiesare gearing up to submit second round bids for the Weather Channel, although a sale of the asset could go for significantly less than the $5 billion its owners originally...
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https://www.reuters.com/article/rbssConsumerGoodsAndRetailNews/idUSN1054489220090310
Google employees swap 93 pct of underwater options
Google employees swap 93 pct of underwater options By Reuters Staff2 Min Read SAN FRANCISCO, March 10 (Reuters) - U.S. Web search leader Google Inc GOOG.O said on Tuesday its employees exchanged about 93 percent of "underwater" stock options for new options with a lower exercise price. The exchange, which became a subj...
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https://www.reuters.com/article/rbssConsumerGoodsAndRetailNews/idUSN1138359320081211
UPDATE 1-BJ's Wholesale names Laura Sen CEO
UPDATE 1-BJ's Wholesale names Laura Sen CEO By Reuters Staff2 Min Read NEW YORK, Dec 11 (Reuters) - BJ's Wholesale Club BJ.N on Thursday named its president, Laura Sen, to serve as chief executive officer, succeeding Herb Zarkin in a widely expected management change. BJ’s, the No 3 U.S. warehouse club operator, said S...
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https://www.reuters.com/article/rbssConsumerGoodsAndRetailNews/idUSN1153597120081111
RPT-Google adds video and voice chat to Gmail
RPT-Google adds video and voice chat to Gmail By Reuters Staff2 Min Read (Repeating to widen distribution) SAN FRANCISCO, Nov 11 (Reuters) - Google Inc GOOG.O added a voice and video chat feature to its Gmail email service on Tuesday, launching a free Web-based service that competes with the likes of eBay's EBAY.O Skyp...
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https://www.reuters.com/article/rbssConsumerGoodsAndRetailNews/idUSN1326983520090814
UPDATE 2-U.S. video game sales down 29 pct in July-NPD
UPDATE 2-U.S. video game sales down 29 pct in July-NPD By Gabriel Madway3 Min Read * Wii again top-selling console * EA’s “NCAA Football 10” top-selling game (Adds analyst comment, details from NPD) SAN FRANCISCO, Aug 13 (Reuters) - U.S. video game equipment and software sales fell 29 percent in July to $848.9 million,...
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https://www.reuters.com/article/rbssConsumerGoodsAndRetailNews/idUSN1553356320081216
GM to temporarily idle three Mexico assembly plants
GM to temporarily idle three Mexico assembly plants By Reuters Staff2 Min Read MEXICO CITY, Dec 15 (Reuters) - General Motors Mexico will temporarily shut down assembly lines at three of its Mexican car factories as part of an overall strategy to cut production due to falling demand, the company said on Monday. GM GM.N...
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https://www.reuters.com/article/rbssConsumerGoodsAndRetailNews/idUSN2835986420090828
Argentina adopts Japanese digital TV standard
Argentina adopts Japanese digital TV standard By Reuters Staff0 Min Read * Brazil has promoted Japanese standard in region * Japanese standard competes with European, US, others BARILOCHE, Argentina, Aug 28 (Reuters) - Argentina signed on Friday an agreement to adopt the Japanese digital television standard, joining Br...
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https://www.reuters.com/article/rbssConsumerGoodsAndRetailNews/idUSN2934312120080429
UPDATE 2-Russia bans pork imports from 4 US plants -USDA
UPDATE 2-Russia bans pork imports from 4 US plants -USDA By Bob Burgdorfer3 Min Read (Recasts, updates with USDA comment that ban may relate to antibiotic tetracycline) CHICAGO, April 29 (Reuters) - Russia, a leading market for U.S. pork, has banned pork imports from four U.S. plants amid concerns about an antibiotic i...
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https://www.reuters.com/article/rbssConsumerGoodsAndRetailNews/idUSN3141117120090331
UPDATE 2-U.S. top court dismisses Philip Morris appeal
UPDATE 2-U.S. top court dismisses Philip Morris appeal By 4 Min Read * Philip Morris was appealing $79.5 mln punitive damages * Case involved widow of longtime Oregon smoker * Supreme Court does not decide merits of dispute * Altria shares down about 3 pct (Adds company, analyst comment) By James Vicini WASHINGTON, Mar...
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https://www.reuters.com/article/rbssConsumerGoodsAndRetailNews/idUST9782620080829?sp=true
Nintendo lifts profit, shares soar
Nintendo lifts profit, shares soar By Sachi Izumi3 Min Read TOKYO (Reuters) - Nintendo Co boosted its annual profit outlook by 23 percent on white-hot demand for its Wii video game console and DS portable player, beating market expectations and sending its shares more than 8 percent higher. Nintendo Co's Wii game conso...
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https://www.reuters.com/article/rbssConsumerGoodsAndRetailNews/idUSTKG00431920090427
Sharp sees LCD TV business in the red this year
Sharp sees LCD TV business in the red this year By Reuters Staff1 Min Read TOKYO, April 27 (Reuters) - Japan's Sharp Corp 6753.T said on Monday its LCD TV operations are likely to stay in the red this year although its losses are likely to shrink substantially. Sharp expects its audio-visual and communications equipmen...
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https://www.reuters.com/article/rbssEnergyNews/idUSN028762620090702
U.S. natgas rig count edges up 1 to 688 for week
U.S. natgas rig count edges up 1 to 688 for week By Reuters Staff2 Min Read NEW YORK, July 2 (Reuters) - The number of rigs drilling for natural gas in the United States unexpectedly rose again, the second gain in seven months, according to a report on Thursday by oil services firm Baker Hughes in Houston. The report s...
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https://www.reuters.com/article/rbssEnergyNews/idUSN1129300620090911
UPDATE 3-US cracks down on mountaintop coal-mine permits
UPDATE 3-US cracks down on mountaintop coal-mine permits By Timothy Gardner3 Min Read (Adds background, analyst comments, byline) NEW YORK, Sept 11 (Reuters) - U.S. environmental regulators said on Friday they will scrutinize 79 applications for mountaintop coal-mine permits in Appalachia to guard against damage to wat...
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https://www.reuters.com/article/rbssEnergyNews/idUSOSO00102420071212
Norway oil spill may not reach coast - official
Norway oil spill may not reach coast - official By Reuters Staff1 Min Read OSLO, Dec 12 (Reuters) - Norway’s coastal administration said on Wednesday there was only a small chance that a 25,000-barrel oil spill in the North Sea would reach the Norwegian coast. “We see the probability as being small that this spill will...
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https://www.reuters.com/article/rbssEnergyNews/idUSPEK12824920090826
Sinopec says ADDAX deal got Iraqi approval -paper
Sinopec says ADDAX deal got Iraqi approval -paper By Reuters Staff2 Min Read BEIJING, Aug 26 (Reuters) - China Sinopec Group's $7.24 billion acquisition of Swiss oil firm Addax Petroleum Corp AXC.TO was approved by the Iraqi government, a local paper quoted a senior Sinopec official as saying on Wednesday. The remark c...
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https://www.reuters.com/article/rbssEnergyNews/idUSSYD17361920090115
UPDATE 1-Woodside suspends gas project due to tough market
UPDATE 1-Woodside suspends gas project due to tough market By Reuters Staff2 Min Read (Adds details, background) PERTH, Jan 16 (Reuters) - Woodside Petroleum Ltd WPL.AX, Australia's second-biggest oil and gas producer, will suspend work on a proposed natural gas import project in the United States due to weak energy ma...
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https://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUKBNG9049020080619?edition-redirect=uk
UPDATE 1-Washington Mutual cuts 1,200 jobs after big losses
UPDATE 1-Washington Mutual cuts 1,200 jobs after big losses By Jonathan Stempel3 Min Read (New throughout, adds dateline and byline) BANGALORE, June 19 (Reuters) - Washington Mutual Inc WM.N said on Thursday it eliminated 1,200 jobs, following mortgage losses that some analysts have said will keep the largest U.S. savi...
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https://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUKL734907520090207?edition-redirect=uk
Swiss law expert: UBS US clients committed no fraud
Swiss law expert: UBS US clients committed no fraud By Reuters Staff3 Min Read GENEVA, Feb 7 (Reuters) - American customers of Swiss bank UBS AG UBSN.VX suspected of avoiding U.S. taxes did not commit a tax fraud, according to an investigation by a Swiss legal expert published in Swiss daily Le Temps on Saturday. Inste...
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https://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSBRU00738520090428
Fortis shareholders in Belgium approve BNP deal
Fortis shareholders in Belgium approve BNP deal By Reuters Staff1 Min Read GHENT, Belgium, April 28 (Reuters) - Shareholders of Fortis FOR.BR approved the sale of assets to France's BNP Paribas BNPP.PA in Belgium on Tuesday, bringing the carve-up of the stricken group a step closer to conclusion. In the first of two pl...
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https://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSBUC00342720090803
Romania BRD H1 net falls 17.4 pct, beats consensus
Romania BRD H1 net falls 17.4 pct, beats consensus By Reuters Staff1 Min Read BUCHAREST, Aug 3 (Reuters) - Romania's No. 2 bank BRD BRDX.BX, controlled by France's Societe Generale SOGN.PA, posted a 17.4 percent fall in first-half net profit on Monday, beating market expectations. BRD posted a net profit of 425 million...
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https://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSKLR15089620080922
AIG unit gets Malaysian Islamic insurance license
AIG unit gets Malaysian Islamic insurance license By Reuters Staff2 Min Read KUALA LUMPUR, Sept 22 (Reuters) - AIA Bhd, the Malaysian unit of American International Assurance Co (AIA), has been awarded Malaysia’s first international takaful (Islamic insurance) licence, the company said on Monday. Hong Kong-based AIA is...
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https://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSL1776106620080317
UPDATE 1-Indonesia airline loses half its fleet after default
UPDATE 1-Indonesia airline loses half its fleet after default By Reuters Staff3 Min Read (Adds new quotes from airline president) JAKARTA, March 17 (Reuters) - Indonesian budget carrier Adam Air may face temporary closure because a leasing firm seized more than half its fleet after the airline defaulted on payments, th...
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https://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSL846186920081108
Germany's LBBW to lose 350 mln eur on Iceland deals
Germany's LBBW to lose 350 mln eur on Iceland deals By Reuters Staff2 Min Read FRANKFURT, Nov 8 (Reuters) - German state lender LBBW [LBBW] said on Saturday it expected losses of 350 million euros ($447.8 million) as a result of its exposure to the Icelandic market, facing a deep recession after the collapse of three m...
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https://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSL9953120080909
LSE says systems fault not due to trading volume
LSE says systems fault not due to trading volume By Reuters Staff1 Min Read LONDON, Sept 9 (Reuters) - The London Stock Exchange's LSE.L failure on Monday was down to a software fault rather than high trading volume and has now been resolved, the exchange told Reuters on Tuesday. "It was software-related, a coincidence...
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https://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSLA11294220081010
Russian bank calls on clients to pay back mortgages now
Russian bank calls on clients to pay back mortgages now By Simon Shuster3 Min Read MOSCOW, Oct 10 (Reuters) - Russia’s Rosevrobank, a mid-sized lender, has asked clients to pay back their mortgages right away rather than risk the prospect of real estate prices falling 30 percent, the bank said on Friday. “We are warnin...
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https://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSLI27608320090118
UBS, Credit Suisse seen cutting more jobs - paper
UBS, Credit Suisse seen cutting more jobs - paper By Reuters Staff1 Min Read ZURICH, Jan 18 (Reuters) - Swiss banking giants UBS UBSN.VXUBS.N and Credit Suisse CSGN.VX are both expected to cut thousands more jobs this year, Swiss weekly newspaper Sonntag said on Sunday. UBS, which shed around 9,000 jobs in 2008, may an...
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https://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSLK54889720090820
Norwegian savings bank seeks $400 mln in state aid
Norwegian savings bank seeks $400 mln in state aid By Reuters Staff2 Min Read OSLO, Aug 20 (Reuters) - Norwegian savings bank SpareBank 1 SR-Bank ROGG.OL said on Thursday it asked the government for an injection of 2.4 billion crowns ($396.7 million) to boost its core and preferred capital. SpareBank 1 SR-Bank is one o...
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https://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSLR23783520090727
Dubai's Jumeirah to manage new resort in China
Dubai's Jumeirah to manage new resort in China By Reuters Staff2 Min Read DUBAI, July 27 (Reuters) - Dubai luxury hotelier Jumeirah Group said on Monday it had been appointed by Hong Kong's Agile Property Holdings 3383.HK to manage a beach resort in China. The Jumeirah Qing Shui Bay Resort, located on the southern isla...
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https://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSN0351371720081203
Goldman Whitehall head warned of firm's exposure
Goldman Whitehall head warned of firm's exposure By Joseph A. Giannone, Ilaina Jonas5 Min Read NEW YORK, Dec 3 (Reuters) - Goldman Sachs Group Inc GS.N real estate head Stuart Rothenberg told an industry group last month that the firm had put more of its own capital at risk as the commercial real estate market was peak...
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https://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSN1142999220080711
US Treasuries' debt protection costs jump to record
US Treasuries' debt protection costs jump to record By Reuters Staff1 Min Read NEW YORK, July 11 (Reuters) - The cost to insure U.S. Treasury debt against default surged to a record on Friday on fears that the U.S. government may need to put capital into mortgage finance companies Fannie Mae FNM.N and Freddie Mac FRE.N...
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https://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSN1529735620080915
UPDATE 2-Shareholders sue Merrill over proposed BofA deal
UPDATE 2-Shareholders sue Merrill over proposed BofA deal By Reuters Staff3 Min Read (Adds lawsuit filed vs Merrill, details and quotes) NEW YORK, Sept 15 (Reuters) - Shareholders sued Merrill Lynch & Co Inc MER.N Chief Executive John Thain and the company's board of directors on Monday over the proposed buyout by Bank...
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https://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSN1721907020090917
CBIC <CM.TO> to open third agency office in New York
CBIC <CM.TO> to open third agency office in New York By Reuters Staff1 Min Read WASHINGTON, Sept 17 (Reuters) - The Federal Reserve said on Thursday it approved the Canadian Imperial Bank of Commerce's CM.TO request to open a third agency in New York. CBIC, based in Toronto, engages in a broad range of retail banking, ...
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https://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSN2253103620090526
UPDATE 2-Freddie Mac to start new multifamily funding program
UPDATE 2-Freddie Mac to start new multifamily funding program By Lynn Adler4 Min Read (Adds investor comment) NEW YORK, May 26 (Reuters) - Freddie Mac FRE.NFRE.P in June will expand mortgage funding for multifamily buildings with a new debt program, aimed at managing its risk and improving liquidity in a turbulent real...
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https://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSN2434481320090324
UPDATE 1-Geithner nonbank plan a power grab:House's Boehner
UPDATE 1-Geithner nonbank plan a power grab:House's Boehner By Reuters Staff2 Min Read (Adds Boehner quote, background) WASHINGTON, March 24 (Reuters) - U.S. Treasury Secretary Timothy Geithner’s request for government authority to wind down failing non-bank financial firms is an unprecedented power grab, House Minorit...
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https://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSN2449998220081124
Citigroup gets massive U.S. government bailout
Citigroup gets massive U.S. government bailout By 7 Min Read * Citigroup to issue $27 bln preferred stock, cut dividend * U.S. to shoulder bulk of potential losses, CEO stays * Stock soars as much as 72 pct, CDS prices cut in half (Adds analyst, White House, Alwaleed comments; updates stock) By Dan Wilchins and Jonatha...
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https://www.reuters.com/article/rbssFoodDistribution%20&%20Convenience%20Stores/idUSLH48383320090217
Tesco sets size on euro, sterling bonds -IFR
Tesco sets size on euro, sterling bonds -IFR By Reuters Staff2 Min Read LONDON, Feb 17 (Reuters) - Tesco Plc TSCO.L, Britain's biggest retailer, has tightened guidance and set the sizes on its planned three-tranche bond issue, IFR reported on Tuesday. The six-year euro bond will be 600 million euros ($759 million), wit...
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https://www.reuters.com/article/rbssHealthcareNews/idUKL1625397020080616?edition-redirect=uk
Novo says study shows weight loss from liraglutide
Novo says study shows weight loss from liraglutide By Reuters Staff2 Min Read STOCKHOLM, June 16 (Reuters) - Denmark's Novo Nordisk NOVOb.CO said on Tuesday its biggest new drug hope, liraglutide, led to significant weight loss in obese people treated over one year. Monday’s results were from a 32-week open-label exten...
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https://www.reuters.com/article/rbssHealthcareNews/idUKN2213705220090122?edition-redirect=uk
Worm gene offers clues to nerve cell repair -study
Worm gene offers clues to nerve cell repair -study By Reuters Staff3 Min Read CHICAGO, Jan 22 (Reuters) - Researchers believe they have found a potential way to regenerate nerves by stimulating a gene and said on Thursday they hope their work in worms may some day help people with spinal cord injuries. The gene is part...
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https://www.reuters.com/article/rbssHealthcareNews/idUSBNG51405520090630
UPDATE 4-GE teams up with Geron for stem-cell research
UPDATE 4-GE teams up with Geron for stem-cell research By 5 Min Read * To focus on human embryonic stem cells * Products would be used to test developing drug safety * Technology is controversial in United States * Geron shares surge (Adds quote, paragraphs 12-13) By Scott Malone BOSTON, June 30 (Reuters) - General Ele...
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UPDATE 2-Merck ends development of obesity drug taranabant
UPDATE 2-Merck ends development of obesity drug taranabant By Lewis Krauskopf4 Min Read (Adds analyst comment, background, byline; updates shares) NEW YORK, Oct 2 (Reuters) - Merck & Co MRK.N has stopped development of its experimental obesity drug taranabant after data in a late-stage clinical study found more side ef...
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UPDATE 1-Amgen CEO says threat from biosimilars not absolute
UPDATE 1-Amgen CEO says threat from biosimilars not absolute By Ransdell Pierson3 Min Read * Smart biotechs may stem damage from biosimilars * Sensipar kidney drug could get big boost from study (Adds details on Amgen, rival drugs, byline) NEW YORK, May 18 (Reuters) - The chief executive of Amgen Inc AMGN.O forecast on...
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US teen lives 118 days without heart
US teen lives 118 days without heart By Jim Loney3 Min Read MIAMI, Nov 19 (Reuters) - An American teen-ager survived for nearly four months without a heart, kept alive by a custom-built artificial blood-pumping device, until she was able to have a heart transplant, doctors in Miami said on Wednesday. The doctors said t...
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https://www.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idINJKF00025920090806?edition-redirect=in
Indonesia's Inco says protesters lift mine blockade
Indonesia's Inco says protesters lift mine blockade By Reuters Staff1 Min Read JAKARTA, Aug 6 (Reuters) - Indonesia's PT International Nickel Indonesia INCO.JK said on Thursday that protesters have lifted blockade of road leading to its nickel mine in Sulawesi island. A company spokesman also said the firm would contin...
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https://www.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idINN1513314120100316?edition-redirect=in
US Navy request raises issue about aluminum ships
US Navy request raises issue about aluminum ships By Andrea Shalal-Esa5 Min Read * Navy officials say not concerned about Austal ships * Analysts question Navy move shortly before LCS award WASHINGTON, March 16 (Reuters) - The U.S. Navy is seeking an analytical tool to predict problems with aluminum-hulled ships just m...
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https://www.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idINTOE62P04E20100326?edition-redirect=in
China express train forces airlines to stop flights
China express train forces airlines to stop flights By Reuters Staff2 Min Read BEIJING, March 26 (Reuters) - A new high-speed rail link between two inland Chinese cities has cut travel times so dramatically that all competing air services on the route have been suspended, state media said. The suspension of flights bet...
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https://www.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idUKBOM34121620090505?edition-redirect=uk
UPDATE 1-India's Larsen, EADS unit form defence JV
UPDATE 1-India's Larsen, EADS unit form defence JV By Reuters Staff2 Min Read (Adds details, share price) MUMBAI, May 5 (Reuters) - India's Larsen & Toubro LART.BO and the defence and security division of Europe's EADS EAD.PA will form a joint venture to make defence electronics in India, eyeing orders from a modernisi...
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https://www.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idUKL389608020090303?edition-redirect=uk
Alitalia to lose 200 mln euros in 2009-CEO
Alitalia to lose 200 mln euros in 2009-CEO By Reuters Staff1 Min Read ROME, March 3 (Reuters) - Italian airline Alitalia, which was privatised and relaunched in January, expects to lose 200 million euros this year, its chief executive said on Tuesday. The airline, which is now a slimmed-down carrier with a smaller capa...
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https://www.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idUKN2930781720090129?edition-redirect=uk
US Postal Service mulls 5-day-a-week delivery
US Postal Service mulls 5-day-a-week delivery By Reuters Staff3 Min Read WASHINGTON, Jan 29 (Reuters) - The financially squeezed U.S. Postal Service is asking reluctant lawmakers to lift a 26-year-old requirement that it deliver mail six days a week. Postmaster General John Potter made the surprise request at a U.S. co...
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India state calls meet to speed $40 bln steel projects
India state calls meet to speed $40 bln steel projects By Reuters Staff2 Min Read BHUBANESWAR, India, Oct 19 (Reuters) - Indian authorities have called an urgent meeting this week to discuss ways to speed up $40 billion steel projects delayed by mass farmer protests in an eastern state, officials said on Monday. Author...
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Indonesia villagers block roads to Inco nickel mine -witnesses
Indonesia villagers block roads to Inco nickel mine -witnesses By Reuters Staff1 Min Read SOROWAKO, Indonesia, Aug 6 (Reuters) - About 500 Indonesian villagers have blocked roads leading to a nickel mine operated by PT International Nickel Indonesia INCO.JK on Indonesia's Sulawesi island, Reuters witnesses said on Thur...
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https://www.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idUSJAK40333220090811
Inco says protest ends at Indonesian nickel mine
Inco says protest ends at Indonesian nickel mine By Reuters Staff2 Min Read JAKARTA, Aug 11 (Reuters) - Villagers at a Sulawesi mine operated by PT International Nickel Indonesia Tbk INCO.JK have ended a protest over jobs after reaching an agreement with Inco, the company said on Tuesday. Last month, Inco said it plann...
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Indonesia's Inco: road blockade not hitting output
Indonesia's Inco: road blockade not hitting output By Reuters Staff2 Min Read JAKARTA, Aug 10 (Reuters) - Production at a Sulawesi mine operated by PT International Nickel Indonesia INCO.JK has not been affected by a new road blockade to protest against the firm's plans to cut jobs there, INCO said on Monday. The block...
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Photo-Me shares surge on sale of US vending unit
Photo-Me shares surge on sale of US vending unit By Reuters Staff2 Min Read LONDON, July 21 (Reuters) - Britain's Photo-Me International PHTM.L added more than ten percent to its market value on Monday, after it sold its loss-making U.S. vending business. Photo-Me, which operates about 21,000 photo booths in railway st...
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https://www.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idUSLM10598020090422
UPDATE 2-Barco has Q1 operating loss, cautiously optimistic
UPDATE 2-Barco has Q1 operating loss, cautiously optimistic By Reuters Staff2 Min Read * Q1 operating loss 6.0 mln euros, vs 4.9 mln loss forecast * Says cautiously optimistic for 2009 * Shares rise 3.2 percent (Adds share price, analyst comment) BRUSSELS, April 22 (Reuters) - Belgian display and visual systems company...
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Europe's A400M may be delayed another year-report
Europe's A400M may be delayed another year-report By Reuters Staff2 Min Read PARIS, Feb 22 (Reuters) - The A400M military transport aircraft is unlikely to be delivered before late 2013, adding another year to its already delayed schedule, French daily La Tribune reported on its website on Sunday. Citing officials at t...
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CORRECTED - Areva's Finnish nuclear costs rise sharply -paper
CORRECTED - Areva's Finnish nuclear costs rise sharply -paper By Reuters Staff1 Min Read (Corrects new cost in first paragraph to 4.5 billion euros, not 4 billion euros, and old figure to 3 billion euros, not 3.5 billion euros) PARIS, Aug 28 (Reuters) - The expected building costs of a new nuclear reactor in Finland by...
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https://www.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idUSN0142249220090501?sp=true
UPDATE 1-Smaller lots, lower prices seen in NY art auctions
UPDATE 1-Smaller lots, lower prices seen in NY art auctions By Christopher Michaud4 Min Read (Adds results of London sale, paragraph 6) * Houses offering pared down, tightly edited sales * Consigners reluctant to sell in down market NEW YORK, May 1 (Reuters) - On the eve of another art auction season staged against a b...
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Pentagon eyes accelerated "bunker buster" bomb
Pentagon eyes accelerated "bunker buster" bomb By Jim Wolf4 Min Read * Bomb could be ready for B-2 bomber by July 2010 * Would deliver 10 times explosive power of predecessor WASHINGTON, Aug 2 (Reuters) - The Pentagon is seeking to speed deployment of an ultra-large “bunker-buster” bomb on the most advanced U.S. bomber...
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https://www.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idUSN0743161420081107
UPDATE 1-USG cuts 900 jobs as economy deteriorates
UPDATE 1-USG cuts 900 jobs as economy deteriorates By Reuters Staff1 Min Read NEW YORK, Nov 7 (Reuters) - U.S. building materials maker USG Corp USG.N said on Friday it was cutting around 900 jobs, or 20 percent of its salaried positions. The company said the layoff plan began on Monday. USG said it expected charges in...
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No start date in sight for Guatemala nickel mine
No start date in sight for Guatemala nickel mine By Reuters Staff2 Min Read GUATEMALA CITY, Sept 17 (Reuters) - No start date has been set for the reopening of the Fenix nickel project in Guatemala, owned by HudBay Minerals, although economic conditions are improving, the company’s Guatemalan partner said on Thursday. ...
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https://www.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idUSN1840742920090618
UPDATE 1-Pentagon to decide tanker contest structure soon
UPDATE 1-Pentagon to decide tanker contest structure soon By Reuters Staff0 Min Read * Gates: within days of decision on shape of contest * Gates still hoping for proposal request by midsummer (Adds quotes, background) WASHINGTON, June 18 (Reuters) - The Pentagon will decide "within a few days" how to structure the ne...
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Two French Rafale fighter jets crash at sea
Two French Rafale fighter jets crash at sea By Reuters Staff1 Min Read PARIS, Sept 24 (Reuters) - Two French Rafale fighter jets crashed in the Mediterrenean on Thursday during a test flight from the Charles de Gaulle aircraft carrier, the navy said in a statement. One pilot has been rescued at sea, another is still mi...
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https://www.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idUSPEK17909520080508
UPDATE 1-China caps prices for fertiliser, ingredients-NDRC
UPDATE 1-China caps prices for fertiliser, ingredients-NDRC By Reuters Staff4 Min Read (Adds comment from official, paragraphs 10-11) BEIJING, May 8 (Reuters) - China’s central planner warned fertiliser companies on Thursday not to raise prices of important ingredients and set a maximum range for mark-ups on imported f...
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https://www.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idUSPEK34522820090419
Ex-aide to China official sentenced to death-report
Ex-aide to China official sentenced to death-report By Reuters Staff2 Min Read BEIJING, April 19 (Reuters) - A Chinese court has handed down the capital sentence to a former aide to late Vice Premier Huang Ju for taking bribes and abuse of power, a website operated by People’s Daily reported on Sunday. Wang Weigong, wh...
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https://www.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idUSSEO23453820080304
LG Chem battery plant to resume in 2-3 months
LG Chem battery plant to resume in 2-3 months By Reuters Staff2 Min Read SEOUL, March 4 (Reuters) - LG Chem 051910.KS said on Tuesday it expected its fire-damaged battery plant to be back in production in two to three months, estimating the stoppage would cost about 80 billion won ($84.5 million) in lost revenue. Produ...
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Grand China Air, Yunnan govt to set up new airline
Grand China Air, Yunnan govt to set up new airline By Reuters Staff2 Min Read SHANGHAI, June 10 (Reuters) - Grand China Air, partly owned by financier George Soros, has agreed to set up an airline jointly with the Yunnan provincial government to seek a share of southwest China’s lucrative tourism market, a company exec...
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https://www.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idUSSYD30917220081002
PRESS DIGEST-Australian Business News - Oct 3
PRESS DIGEST-Australian Business News - Oct 3 By 8 Min Read Compiled for Reuters by Media Monitors. Reuters has not verified these stories and does not vouch for their accuracy. THE AUSTRALIAN FINANCIAL REVIEW (www.afr.com) Private equity players are pulling out of the A$800 million-plus auction of Group Danone's BNEUR...
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https://www.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idUST17444920090323
Japan ship shot at off Somalia, no one hurt
Japan ship shot at off Somalia, no one hurt By Reuters Staff1 Min Read TOKYO, March 23 (Reuters) - A Japanese ship operated by Mitsui O.S.K. Lines 9104.T was shot at by two pirate ships off Somalia, but none of the 18 Filipino crew were injured, the company said on Monday. The incident, which occured on Sunday, came af...
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TOCOM to cut number of board members in December
TOCOM to cut number of board members in December By Reuters Staff2 Min Read TOKYO, July 16 (Reuters) - Tokyo Commodity Exchange is planning to slash the number of board members to 10 from the current 31 when it becomes a shareholder-owned company in December, its chairman said on Wednesday. TOCOM has been preparing to ...
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https://www.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idUST36654420090825?rpc=401&
UPDATE 3-TEPCO gets final OK to restart second nuclear unit
UPDATE 3-TEPCO gets final OK to restart second nuclear unit By Osamu Tsukimori3 Min Read * TEPCO scheduled to restart 1,356-MW No.6 unit on Wednesday * Restart would help save thermal fuel purchases, cut CO2 (Adds details) TOKYO, Aug 25 (Reuters) - Tokyo Electric Power Co (TEPCO) 9501.T received final local approval on...
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https://www.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idUST6574420071230
Hitachi seen to exit small hard drive business
Hitachi seen to exit small hard drive business By Reuters Staff2 Min Read reporter on mobile: +81-90-3238-9965 TOKYO (Reuters) - Hitachi Ltd 6501.T, Japan's biggest electronics conglomerate, plans to exit the business of making small hard disk drives as demand shifts to flash memory chips, the Nikkei business daily rep...
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https://www.reuters.com/article/rbssIntegratedOilGas/idUSL549744920090805
Austria to investigate OMV chief over share buy
Austria to investigate OMV chief over share buy By Reuters Staff3 Min Read VIENNA, Aug 5 (Reuters) - Austrian financial watchdog FMA has asked the state prosecutor's office to investigate the chief executive of Austrian oil and gas group OMV OMVV.VI over a share trade he made, a prosecutor's spokesman said on Wednesday...
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https://www.reuters.com/article/rbssIntegratedOilGas/idUSN1134230020080911
US Interior Secy 'outraged' by oil-sex scandal
US Interior Secy 'outraged' by oil-sex scandal By Tom Doggett3 Min Read WASHINGTON, Sept 11 (Reuters) - U.S. Interior Secretary Dirk Kempthorne on Thursday said he was “outraged” by department workers who had sex, used drugs and took gifts from employees at regulated oil companies, while one senator called for a Bush a...
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https://www.reuters.com/article/rbssInvestmentServices/idUSL13631420081001
CEO of French CO2 exchange BlueNext leaves company
CEO of French CO2 exchange BlueNext leaves company By Reuters Staff1 Min Read LONDON, Oct 1 (Reuters) - Andrei Marcu, chief executive of French carbon emissions exchange BlueNext, left the company after reaching a mutual agreement with the board of directors on Tuesday, the exchange said. “We thank Mr. Marcu for his co...
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https://www.reuters.com/article/rbssInvestmentServices/idUSN2834717120080828?sp=true
Bank of NY Mellon data breach now affects 12.5 mln
Bank of NY Mellon data breach now affects 12.5 mln By Jonathan Stempel3 Min Read NEW YORK (Reuters) - Bank of New York Mellon Corp said on Thursday that a security breach involving the loss of personal information is much larger than previously reported, affecting about 12.5 million people, up from 4.5 million. The cas...
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https://www.reuters.com/article/rbssITServicesConsulting/idUSN1213117420090812
Shareholders challenge Google deal to buy On2
Shareholders challenge Google deal to buy On2 By Reuters Staff3 Min Read * Suit seeks to block Google’s acquisition of On2 * Says 60 cents/share well below recent On2 level * Seeks class action status for On2 shareholders SAN FRANCISCO, Aug 12 (Reuters) - Google Inc's GOOG.O deal to buy video compression software compa...
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https://www.reuters.com/article/rbssLeisureProducts/idUST23491120081030
UPDATE 1-Nikon cuts profit forecast on chip equipment, yen
UPDATE 1-Nikon cuts profit forecast on chip equipment, yen By Reuters Staff3 Min Read *Cuts profit forecast by 40 pct on chip equipment, yen *Lowers chip stepper sales target by 30 pct *Rival ASML shares down 2 pct after announcement *Nikon shares close up 13.8 pct before announcement (Updates with details, background)...
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https://www.reuters.com/article/rbssLeisureProducts/idUST33522420080704
UPDATE 2-Canon to build $140 mln camera plant - source
UPDATE 2-Canon to build $140 mln camera plant - source By Reuters Staff2 Min Read (Adds source-based confirmation, details, share price) TOKYO, July 4 (Reuters) - Canon Inc 7751.T plans to spend some 15 billion yen ($141 million) to build a new digital camera plant in Japan, with production scheduled to begin by the en...
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https://www.reuters.com/article/rbssPersonalServices/idUSBNG49351220091116
UPDATE 2-Apollo unit gets recertified for student aid programs
UPDATE 2-Apollo unit gets recertified for student aid programs By Reuters Staff2 Min Read * University of Phoenix gets Title IV recertification * New program participation expires Dec. 31, 2012 * Shares rise 9 percent (Adds details, analyst comment, share movement) Nov 16 (Reuters) - For-profit education provider Apoll...
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https://www.reuters.com/article/rbssRealEstateOperations/idUSHKG24591720080725?pageNumber=1&virtualBrandChannel=0
Indonesia property -- a free, though not liquid, lunch?
Indonesia property -- a free, though not liquid, lunch? By Dominic Whiting4 Min Read HONG KONG, July 25 (Reuters) - Where can you get prime land, thousands of homes and some shopping malls virtually for free? Indonesia, it seems. While global investors shirk at anything property-related after the U.S. subprime mortgage...
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https://www.reuters.com/article/rbssRetailCatalogInternetOrder/idUSN2629894320081226
UPDATE 2-Amazon claims record holiday orders in '08 season
UPDATE 2-Amazon claims record holiday orders in '08 season By Reuters Staff2 Min Read (Adds details on orders, analyst quote, updates shares) NEW YORK, Dec 26 (Reuters) - Online retailer Amazon.com Inc AMZN.O on Friday reported its best holiday sales season yet, even as sales and traffic at U.S. store chains were the w...
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https://www.reuters.com/article/rbssRetailSpecialty/idUSN2336278120090423
UPDATE 3-Amazon beats Q1 sales, profit estimates, shares up
UPDATE 3-Amazon beats Q1 sales, profit estimates, shares up By 5 Min Read * Q1 EPS 41 cents vs Street’s 31 cents * Sees Q2 revenue $4.3 bln-$4.75 bln * Sees Q2 operating income $110 mln-$190 mln * Shares up over 2 percent in extended trade (Adds comments, details on Kindle, valuation comparisons) By Alexandria Sage SAN...