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Sunday, February 5, 2012

Greece says faces 24-hour deadline to clinch rescue

Posted by Reuters: Business News on February 4, 2012

ATHENS (Reuters) – Greece has just one day left to strike a deal with impatient lenders and reluctant political party leaders on a 130 billion rescue plan before the country is pushed towards a chaotic default, its finance minister warned on Saturday.



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Ex UBS trader Adoboli denies fraud, faces trial

Posted by Reuters: Business News on January 30, 2012

LONDON (Reuters) – Former UBS trader Kweku Adoboli will stand trial in September after pleading not guilty on Monday to charges related to the loss of more than $2 billion on trades the Swiss bank says were unauthorized.



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Apple CEO faces first test with cash mountain

Posted by Reuters: Business News on January 26, 2012

SAN FRANCISCO (Reuters) – Apple CEO Tim Cook has a problem, a $98 billion problem.



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Carnival and cruise sector count cost of disaster

Posted by Reuters: Business News on January 16, 2012

LONDON (Reuters) – The cruise ship industry faces an uphill task to restore confidence among customers spooked by spectacular images of the stricken Costa Concordia flipped on its side and could suffer a major hit to sales in a key booking period.



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Analysis: Troubled Kodak faces UK pension woes

Posted by Reuters: Business News on January 11, 2012

(Reuters) – Eastman Kodak , an American icon that is struggling to survive, could find that one of its costliest problems hails from overseas.



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CME faces regulatory probe on MF Global: report

Posted by Reuters: Business News on January 6, 2012

(Reuters) – CME Group Inc is under investigation for its handling of MF Global before the broker’s collapse last October, the New York Times said.



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Audi CEO: Auto industry faces tougher year in 2012

Posted by Reuters: Business News on December 25, 2011

Ingolstadt, GERMANY (Reuters) – The automotive industry faces a tougher year in 2012 than it has done this year, Audi Chief Executive Rupert Stadler told Reuters in an interview for release on Sunday.



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World economy to trudge on in 2012 despite Europe: poll

Posted by Reuters: Business News on December 24, 2011

LONDON (Reuters) – Europe faces another year of dismal economic performance in 2012 that will weigh on global growth, but emerging markets and the United States should at least keep the world economy moving in the right direction.



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Italy’s Monti faces confidence vote on austerity

Posted by Reuters: Business News on December 16, 2011

ROME (Reuters) – Italy’s government faces a confidence vote in parliament on Friday, a move to speed up approval of a 33-billion euro ($43 billion) austerity package intended to restore market confidence in the euro zone’s third largest economy.



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Italy’s Monti faces confidence vote on austerity

Posted by Reuters: Business News on

ROME (Reuters) – Italy’s government faces a confidence vote in parliament on Friday, a move to speed up approval of a 33-billion euro ($43 billion) austerity package intended to restore market confidence in the euro zone’s third largest economy.



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