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Sunday, February 5, 2012

Markets warm to European debt, Portugal pressure eases

Posted by Reuters: Business News on February 1, 2012

LONDON/ATHENS (Reuters) – Cautious optimism that the euro zone crisis may be turning a corner fuelled demand for European government debt on Wednesday, easing pressure on Portugal, seen as the most vulnerable country after Greece.



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Apple hires Dixons chief to drive global retail

Posted by Reuters: Business News on January 31, 2012

LONDON/SAN FRANCISCO (Reuters) – Apple Inc has hired Dixons Chief Executive John Browett, who revived the British electronics retailer by emphasizing customer service, to lead the iPad maker’s global retail expansion.



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Greece’s creditors leave Athens, talks to continue

Posted by Reuters: Business News on January 21, 2012

LONDON/ATHENS (Reuters) – The representatives of Greece’s private creditors left Athens unexpectedly on Saturday without a deal on a debt swap plan that is vital to avert a disorderly default, sources close to the negotiations told Reuters.



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Greece, creditors make scant progress as clock ticks

Posted by Reuters: Business News on January 19, 2012

LONDON/ATHENS (Reuters) – Greece and its bondholders have made little progress since resuming stalled talks on a debt swap, three sources close to the talks told Reuters on Thursday, as time to strike a deal and avoid a messy default runs out rapidly.



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BP challenges Halliburton court request on spill

Posted by Reuters: Business News on January 3, 2012

LONDON/NEW YORK (Reuters) – BP has opened 2012 with a new legal move in its battle to force contractor Halliburton to help pay the costs and expenses it incurred to clean up the 2010 Gulf of Mexico oil spill, which the oil major previously put at around $42 billion.



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Factory output subdued going into 2012

Posted by Reuters: Business News on January 2, 2012

LONDON/MUMBAI (Reuters) – Global manufacturing activity was subdued going into 2012, with the euro zone’s industrial sector suffering its fifth straight month of declines in December and Asian factories mostly stuck in a rut.



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European stocks edge up, euro stuck before Italy auction

Posted by Reuters: Business News on December 27, 2011

LONDON/TOKYO (Reuters) – European stocks edged up on Tuesday, catching the tailwind of a pre-holiday U.S. rally, while the euro was hamstrung by the prospect of a large Italian debt auction later in the week.



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AT&T braces for T-Mobile deal collapse

Posted by Reuters: Business News on November 24, 2011

LONDON/FRANKFURT (Reuters) – AT&T said it would take a $4 billion charge in case its takeover of T-Mobile USA fails, reflecting the dwindling chances for the deal seen as job-destroying by powerful political opponents.



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Bulk of MF Global positions in Europe still open

Posted by Reuters: Business News on November 7, 2011

LONDON/KUALA LUMPUR (Reuters) – Nearly two-thirds of positions from the UK unit of MF Global were still open on Monday, a week after it filed for bankruptcy protection, sparking frustration about delays in moving business to new brokers and dampening volumes in metals trading.



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Best Buy buys out U.S. mobile partner for $1.3 billion

Posted by Reuters: Business News on

LONDON/NEW YORK (Reuters) – U.S. electronics retailer Best Buy Co Inc is buying its British partner out of a fast-growing U.S. mobile phone joint venture for $1.3 billion and scrapping plans for a chain of European megastores, it said on Monday.



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