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Thursday, July 28, 2011 12:02 AM PDT

Today's Reuters Business News Headlines - Yahoo! News: Sanofi ups EPS but Genzyme seen missing milestone Xstrata makes $153 million bid for Canada's First Coal Hyundai beats forecasts with strong quarter Sony sticks with profit outlook despite TV squeeze Siemens results hit by weak healthcare unit Stocks fall, Australia dollar up on debt deadlock Sharp profit plunges on weak TV demand, keeps outlook Husky sees 4-5 year payback on $6.5 billion Liwan plan Instant view: Hyundai Motor profit up 37 percent; beats HSBC may cut more than 10,000 jobs: report Hyundai Motor profit soars 37 percent; beats forecasts Ford to build billion dollar plant in India Analysis: Asia's small exporters at risk in U.S. slump UBS sets up China asset management unit for PE business China says to press ahead with FX reserves Sanofi ups EPS but Genzyme seen missing milestone Wed,27 Jul 2011 11:47 PM PDT Reuters - PARIS (Reuters) - French drugmaker Sanofi raised its earnings forecast for 2011 now that Genzyme is part of its business, but said the U.S. biotech would likely miss its first milestone fee due to supply constraints of one of its key drugs. Full Story Top Xstrata makes $153 million bid for Canada's First Coal Wed,27 Jul 2011 11:43 PM PDT Reuters - LONDON (Reuters) - Miner Xstrata has made an all-cash bid for privately held Canadian miner First Coal Corporation, it said on Thursday, with an offer valuing the firm at $153 million. Full Story Top Hyundai beats forecasts with strong quarter Wed,27 Jul 2011 11:43 PM PDT Reuters - SEOUL (Reuters) - South Korea's Hyundai Motor outperformed its rivals as it reported a consensus-beating 37 percent rise in quarterly profit on Thursday, fueled by strong U.S. sales of popular new models. Full Story Top Sony sticks with profit outlook despite TV squeeze Wed,27 Jul 2011 11:37 PM PDT Reuters - TOKYO (Reuters) - Sony Corp stuck with its full-year profit forecast after slashing its outlook for TV sales, confident that other units will perform better than earlier anticipated to offset additional losses in the unit. Full Story Top Siemens results hit by weak healthcare unit Wed,27 Jul 2011 11:36 PM PDT Reuters - MUNICH (Reuters) - Siemens AG , Europe's largest engineering conglomerate, cautioned that global economic risks were increasing as its healthcare unit dragged quarterly results below expectations. Full Story Top Stocks fall, Australia dollar up on debt deadlock Wed,27 Jul 2011 11:15 PM PDT Reuters - SINGAPORE (Reuters) - Asian stocks slid more than 1 percent in thin volume on Thursday as investors trimmed positions with just three trading days to go before a deadline to lift the U.S. debt ceiling, while the Australian dollar showed resilience in the face of global sovereign risks. Full Story Top Sharp profit plunges on weak TV demand, keeps outlook Wed,27 Jul 2011 11:12 PM PDT Reuters - TOKYO (Reuters) - Japan's Sharp Corp reported an 84.4 percent drop in quarterly operating profit after the company was forced to suspend operations for weeks at its state-of-the-art LCD panel plant due to weak demand for TVs. Full Story Top Husky sees 4-5 year payback on $6.5 billion Liwan plan Wed,27 Jul 2011 10:46 PM PDT Reuters - CALGARY, Alberta (Reuters) - Husky Energy Inc expects to recoup its investment in a $6.5 billion Asian offshore gas project in four to five years after agreeing on a rich gas sales deal, executives at Canada's No. 3 oil producer and refiner said on Wednesday. Full Story Top Instant view: Hyundai Motor profit up 37 percent; beats Wed,27 Jul 2011 10:38 PM PDT Reuters - SEOUL (Reuters) - South Korea's Hyundai Motor posted a 37 percent rise in quarterly net profit, outstripping the consensus forecast, after it logged record global vehicle sales and gained market share from Japanese rivals reeling from the March 11 earthquake. Full Story Top HSBC may cut more than 10,000 jobs: report Wed,27 Jul 2011 10:11 PM PDT Reuters - HONG KONG (Reuters) - HSBC Plc may cut more than 10,000 jobs as it embarks on a cost-cutting drive, Sky News reported, citing people close to Europe's biggest bank. Full Story Top Hyundai Motor profit soars 37 percent; beats forecasts Wed,27 Jul 2011 10:05 PM PDT Reuters - SEOUL (Reuters) - South Korea's Hyundai Motor posted a 37 percent rise in quarterly net profit, outstripping the consensus forecast, after it logged record global vehicle sales and gained market share from Japanese rivals reeling from the March 11 earthquake. Full Story Top Ford to build billion dollar plant in India Wed,27 Jul 2011 10:00 PM PDT Reuters - MUMBAI (Reuters) - Ford Motor Co said on Thursday said it plans to invest $1 billion to build a factory in western India, doubling its investment in the country as the U.S. carmaker seeks to gain a greater share in the second-fastest growing auto market in the world. Full Story Top Analysis: Asia's small exporters at risk in U.S. slump Wed,27 Jul 2011 09:56 PM PDT Reuters - SINGAPORE (Reuters) - Asia's small, export-driven economies look most vulnerable to the threat of a deeper U.S. economic slump, which could materialize even if Washington manages to avert a debt default. Full Story Top UBS sets up China asset management unit for PE business Wed,27 Jul 2011 09:16 PM PDT Reuters - SHANGHAI (Reuters) - Swish bank UBS said on Thursday it has set up an asset management unit in Beijing to tap China's rapidly-growing $650 billion private equity market. Full Story Top China says to press ahead with FX reserves Wed,27 Jul 2011 08:56 PM PDT Reuters - BEIJING (Reuters) - China will press ahead with diversification of its $3.2 trillion in foreign exchange reserves, and does not pursue large-scale currency holdings, the State Administration of Foreign Exchange said on Thursday. Full Story Top

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