Monday, January 17, 2011

Business News - 17 January 2011

  • Steve Jobs takes leave of absence
    Mon, 17 Jan 2011 06:17:34 -0800
    Apple CEO Steve Jobs will take another medical leave of absence beginning on Monday, two years after a six-month sabbatical during which he received a liver transplant.
  • Apple's Steve Jobs takes medical leave
    Mon, 17 Jan 2011 06:17:04 -0800
    (Reuters) - Apple Inc's Steve Jobs said the board has granted him medical leave to concentrate on his health.

  • Five Chinese trade tricks
    Mon, 17 Jan 2011 06:16:40 -0800
    The U.S. is in the hole more than ever before, and business leaders say a lot of it has to do with unfair practices from one of the country's largest trading partners.
  • Wikileaks given Swiss bank data
    Mon, 17 Jan 2011 06:06:46 -0800
    A former Swiss banker hands over data to Wikileaks that he says contains offshore account details of 2,000 prominent people.
  • Tata Consultancy Profit Beats Estimates as Orders Gain
    Mon, 17 Jan 2011 06:06:02 -0800
    Tata Consultancy Services Ltd., India’s largest software exporter, reported third-quarter profit that beat analysts’ estimates after customers outsourced more information-technology contracts.
  • Massmart backs sale to Wal-Mart
    Mon, 17 Jan 2011 06:05:21 -0800
    Shareholders in Massmart, South Africa's largest retailer, have approved the sale of a controlling stake in the company to US giant Wal-Mart.
  • Euro Falls as Bailout Debated; U.S. Futures Drop on Apple CEO
    Mon, 17 Jan 2011 06:02:01 -0800
    - The euro fell, snapping a five-day rally against the dollar, and yields on interest-rate futures dropped as the region’s ministers debated a bailout plan. U.S. stock futures extended losses as Apple Inc. said Chief Executive Officer Steve Jobs was granted a medical leave of absence.
  • Buy BP and Shell, analysts say, as oil price nears $100
    Mon, 17 Jan 2011 05:56:35 -0800
    Investors should buy shares in Britain's big oil companies, City analysts say.
  • Against The Odds, Chrysler Goes "From Third World To World Class"
    Mon, 17 Jan 2011 05:56:31 -0800
    CEO Sergio Marchionne overhauls Chrysler's model lineup by staying under the radar
  • Hezbollah Backs Karami for Premier as Deadlock Deepens
    Mon, 17 Jan 2011 05:56:04 -0800
    The Shiite Muslim Hezbollah movement and its allies may nominate Omar Karami to head Lebanon’s next government, after they toppled the coalition led by Saad Hariri last week.
  • Caution sets in after BP-Rosneft deal
    Mon, 17 Jan 2011 05:50:48 -0800
    LONDON (Reuters) - Investors and analysts gave a cautious welcome on Monday to BP's share swap and Arctic exploration deal with Russia's Rosneft , saying that any return is likely a long way off.

  • Canada Tightens Mortgage Rules to Curb Household Debt
    Mon, 17 Jan 2011 05:50:04 -0800
    Canadian Finance Minister Jim Flaherty announced steps to tighten record household borrowing amid concern rising debt levels could threaten the economic recovery.
  • Chinese president bats away yuan criticism
    Mon, 17 Jan 2011 05:43:45 -0800
    Chinese President Hu Jintao, on the eve of his U.S. visit, has called the dollar-dominated international currency system a "product of the past" and said the yuan will emerge as a global currency.
  • BP wins right to explore offshore in Australia
    Mon, 17 Jan 2011 05:43:24 -0800
    Australia on Monday gave BP permission to explore for oil and gas off its south coast, saying the company had agreed to integrate lessons learned from the Gulf of Mexico spill in its operations.
  • iTunes jackpot: Billions and billions
    Mon, 17 Jan 2011 05:40:31 -0800
    Apple has paid out more than $2 billion to developers, $12 billion to music labels.
  • Talks on eurozone debt crisis
    Mon, 17 Jan 2011 05:38:51 -0800
    Eurozone finance ministers look at 750bn euro bail-out fund and the impact should Portugal be next to seek debt relief
  • Couples to share maternity leave
    Mon, 17 Jan 2011 05:33:18 -0800
    Plans to allow couples to share maternity leave - and extend flexible work rights to family friends - are outlined by the deputy prime minister.
  • 10,000th sale lifts Airbus past Boeing in 2010
    Mon, 17 Jan 2011 05:26:12 -0800
    TOULOUSE, France (Reuters) - European planemaker Airbus celebrated a surprise win in the annual orders race against Boeing with the 10,000th plane sale in its 40-year history, part of a $5 billion...

  • Hermes Investors Appealing Family LVMH Defense Waiver
    Mon, 17 Jan 2011 05:26:02 -0800
    Minority investors in Hermes International SCA are appealing a French regulator’s decision allowing the luxury-goods maker’s founding family to form a holding company for their stake without bidding for the rest of the shares.
  • Why Martin Luther King Matters
    Mon, 17 Jan 2011 05:23:12 -0800
    Martin Luther King Day means many things to me.?? But this year, one message of Dr. King's is resona
  • Mobius Wants Romanian Fund to Buy Stakes in Regional Companies
    Mon, 17 Jan 2011 05:20:28 -0800
    Mark Mobius, who oversees $34 billion for Templeton Asset Management, plans to diversify Romanian Property Fund’s portfolio with central and east European companies after the fund’s Jan. 25 share sale.
  • Spain Offers Premium to Existing Debt on 10-Year Bond
    Mon, 17 Jan 2011 05:19:06 -0800
    Spain is having to offer a premium over its existing debt to sell new 10-year bonds as Europe’s sovereign deficit crisis pushes up borrowing costs.
  • Special Report: Is a solar trade war about to flare?
    Mon, 17 Jan 2011 05:18:09 -0800
    EBERSWALDE, Germany (Reuters) - Germany's fifth-biggest solar power park emerges as a smudge on the horizon long before you reach it on the outskirts of the small, sleepy village of Eberswalde, an...

  • Fed's Plosser: Monetary policy has its limits
    Mon, 17 Jan 2011 05:13:13 -0800
    WASHINGTON (Reuters) - Monetary policy cannot speed up labor market healing or prevent asset price bubbles, and counting on it to do so may do more harm than good, a top U.S. Federal Reserve official...

  • Investors crave more strong bank results
    Mon, 17 Jan 2011 05:12:52 -0800
    NEW YORK (Reuters) - U.S. bank stocks are flying high, and this week's earnings could give investors more reason to be optimistic about the sector.

  • U.S. Solar Manufacturer to U.S. Taxpayers: Drop Dead
    Mon, 17 Jan 2011 05:10:33 -0800
    Evergreen Solar, a Marlboro, Mass.-based solar energy start-up, is shutting down its manufacturing f
  • How 'image rights' allow footballers to skip past the taxman
    Mon, 17 Jan 2011 05:08:00 -0800
    Wayne Rooney's income is already astronomical - and a tax loophole could boost it further.
  • Euro slips before euro zone meet
    Mon, 17 Jan 2011 04:39:17 -0800
    LONDON (Reuters) - The euro slipped against the dollar on Monday while global stocks dipped as hopes of swift action from policymakers to boost the euro zone's rescue fund faded ahead of a meeting of...

  • Business Bullet: BP rise, house prices, Airbus
    Mon, 17 Jan 2011 04:24:36 -0800
    Latest news on: BP rise, House prices, Airbus.
  • Euro zone finance ministers to discuss changes to rescue fund
    Mon, 17 Jan 2011 04:05:48 -0800
    BRUSSELS (Reuters) - Euro zone finance ministers on Monday will discuss an increase in the effective lending capacity of the euro zone rescue fund, but France said it would be March before a firm...

  • BP, Rosneft deal: what the analysts say
    Mon, 17 Jan 2011 03:48:19 -0800
    BP has agreed a joint venture and share-swop with Russian energy group Rosneft to explore for oil offshore Western Siberia. Here is what City analysts think of the deal.
  • US Productivity Growth To Slow in 2011
    Mon, 17 Jan 2011 03:45:27 -0800
    The United States productivity growth will slow substantially in 2011 and could even fall below the rate in the euro area, The Conference Board reported on Monday.
  • BP, Rosneft deal by numbers
    Mon, 17 Jan 2011 03:41:59 -0800
    BP and Russia's state-controlled Rosneft have agreed to a share swap under which they plan jointly to explore for offshore oil and gas. Here is the deal by numbers
  • Royal Wedding: stamp collectors in the money but others will claim to have lost out
    Mon, 17 Jan 2011 03:41:27 -0800
    Yours for just £12.95 - an Isle of Man commemorative first day cover to mark the engagement of HRH Prince William of Wales and Miss Catherine Middleton.
  • Stanley Gibbons predicts Royal Wedding winnings
    Mon, 17 Jan 2011 03:41:16 -0800
    The Royal Wedding bandwagon is gathering pace after Stanley Gibbons, the stamp and memorabilia group, said its sales would benefit from the marriage of Prince William and Kate Middleton.
  • Royal Wedding: five commemorative items you can buy
    Mon, 17 Jan 2011 03:30:38 -0800
    Stanley Gibbons, the stamp-collecting and memorabilia company, expects to benefit from the sale of commemorative collectible products related to the Royal Wedding. Here are five commemorative memorabilia you can buy already.
  • Morning Tech Wrap: Groupon, Wikipedia, Facebook
    Mon, 17 Jan 2011 03:21:04 -0800
    Groupon's Andrew Mason says sorry to Japanese customers, Wikipedia turns 10 and other tech news.
  • Next Week's Guest: Nouriel Roubini
    Mon, 17 Jan 2011 03:00:00 -0800
    The renowned economist--who some call Dr. Doom--sits down with Steve Forbes to talk about what the economy has in store.
  • Transcript: James Wolfensohn
    Mon, 17 Jan 2011 03:00:00 -0800
    The former World Bank president sits down with Steve Forbes to discuss America's place in the global economy.
  • Can America Compete With China?
    Mon, 17 Jan 2011 03:00:00 -0800
    James Wolfensohn, former World Bank president, says the U.S. needs to move beyond the quick fix in order to compete globally in the 21st century.
  • FSA sues '£140m' private investor
    Mon, 17 Jan 2011 02:41:42 -0800
    The Financial Services Authority (FSA) has filed a suit claiming the manager of a "£140m hedge fund" misused the money of up to 287 clients - after his company was first accused of trading without authorisation seven years ago.
  • Lloyds Banking Group, RBS, Barclays and HSBC share price down on FTSE 100 as investors seek profits
    Mon, 17 Jan 2011 02:25:21 -0800
    Shares in British banks were down on the FTSE 100 in morning trading as investors continued seeking profits.
  • BP shares up on Rosneft share swap, arctic deal
    Mon, 17 Jan 2011 02:06:01 -0800
    Shares in BP rose 2.0 percent on Monday following the share swap and arctic exploration deal that the London-based oil major signed with Russia's largest oil producer Rosneft late on Friday.
  • From Ricky Gervais To 'The Social Network', The Golden Globes' REAL Winners And Losers
    Mon, 17 Jan 2011 02:02:42 -0800
    The Hollywood Foreign Press Association got its chance to dole out statues on Sunday evening. Now it

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