Today's Reuters Business News Headlines - Yahoo! News:
|
|
Thousands of AT&T workers to stay on job as talks continue
Sat,7 Apr 2012 10:39 PM PDT
Reuters -  NEW YORK (Reuters) - More than 20,000 AT&T Inc workers will keep working under the terms of an expired labor contract while their union continues negotiations with the telephone company, averting a potentially costly strike for now. The workers in AT&T's traditional wireline telephone business are among a group of more than 40,000 that voted recently to give their union, the Communications Workers of America, authority to call a strike ahead of the expiration of four separate labor contracts at midnight local time April 7. ...
Full Story | Top |
National Review fires columnist accused of racism
Sat,7 Apr 2012 07:36 PM PDT
Reuters - (Reuters) - The National Review has fired columnist John Derbyshire over a web posting in which he wrote that black people are hostile to whites and that white people should stay out of black neighborhoods and away from black crowds. The magazine on Saturday night disavowed Derbyshire's "nasty and indefensible" posting - which ran on a website unrelated to the National Review - and said it amounted to a "letter of resignation" by the columnist. ... Full Story | Top |
Apollo ups Great Wolf offer to outbid rival
Sat,7 Apr 2012 06:17 PM PDT
Reuters - NEW YORK (Reuters) - Private equtiy firm Apollo Global Management LLC raised its cash offer to buy Great Wolf Resorts Inc by 35 percent to $225.7 million, outbidding a rival for North America's largest operator of indoor water parks. Great Wolf said in a statement late on Friday it had agreed to amend its previous agreement with Apollo after the private equity firm, headed by billionaire Leon Black, raised its offer to $6.75 per share in cash from $5. ... Full Story | Top |
Poll: Greek pro-bailout parties recover as vote nears
Sat,7 Apr 2012 01:39 PM PDT
Reuters - ATHENS (Reuters) - The two main parties backing Greece's EU/IMF bailout are recovering some popularity as a general election nears, an opinion poll showed on Saturday. Support for the conservative New Democracy and the Socialist PASOK now reaches a combined 40 percent from 26 percent in February, according to an Alco survey for the Proto Thema newspaper. Other polls showed the parties' support had sunk over the past few weeks because of unpopular austerity measures, casting doubt on whether their coalition could survive an election. ... Full Story | Top |
U.S. gives nod to Eli Lilly's brain plaque test
Sat,7 Apr 2012 01:16 PM PDT
Reuters - WASHINGTON (Reuters) - U.S. regulators gave the nod to an imaging test from Eli Lilly and Co. that can for the first time help doctors detect brain plaque tied to Alzheimer's disease, the company said. The U.S. Food and Drug Administration approved the radioactive dye, called Amyvid, to help doctors rule out whether patients have Alzheimer's, the most common form of dementia, Lilly announced late on Friday. The dye binds to clumps of a toxic protein called beta amyloid that accumulates in the brains of patients with Alzheimer's. ... Full Story | Top |
Romania backs out of mine sale, privatization hits snag
Sat,7 Apr 2012 08:28 AM PDT
Reuters - BUCHAREST (Reuters) - Romania has backed out of a deal to sell its biggest copper mine to Canada's Roman Copper Corp, its economy minister said on Saturday, a fresh blow to a privatization plan agreed with the International Monetary Fund. Former communist countries across the European Union have sold state holdings, but Romania's persistent failure to do so has left a huge, inefficient public sector in the bloc's second-poorest nation as it struggles to emerge from deep recession. Roman Copper won a tender to buy the Cupru Min Abrud mine for 200.8 million euros ($262. ... Full Story | Top |
Iran oil development fund could reach $55 billion: Ahmedinejad
Sat,7 Apr 2012 08:17 AM PDT
Reuters -  DUBAI (Reuters) - Iran's President Mahmoud Ahmadinejad said on Saturday the country's sovereign wealth fund could reach $55 billion by March next year if oil prices kept high, in an apparent bid to defend his economic record in the face of increasing isolation. Washington and the European Union have stepped up sanctions on the Islamic Republic, alarmed by its disputed nuclear program. Iran earned up to $100 billion in oil revenue last year but an EU embargo set to come into force in July could put a major dent in future income. ...
Full Story | Top |
Iran oil development fund could reach $55bln-president
Sat,7 Apr 2012 08:16 AM PDT
Reuters - DUBAI (Reuters) - Iran's President Mahmoud Ahmadinejad said on Saturday the country's sovereign wealth fund could reach $55 billion by March next year if oil prices kept high, in an apparent bid to defend his economic record in the face of increasing isolation. Washington and the European Union have stepped up sanctions on the Islamic Republic, alarmed by its disputed nuclear program. Iran earned up to $100 billion in oil revenue last year but an EU embargo set to come into force in July could put a major dent in future income. ... Full Story | Top |
Gazprom flags Shtokman gas shift; Europe wary
Sat,7 Apr 2012 08:12 AM PDT
Reuters - URENGOI, Russia (Reuters) - Gazprom may ditch plans to pipe Arctic gas from its Shtokman project, a top executive said, potentially giving Russia's top energy firm more leeway to sell supplies from the huge field to customers outside Europe. Gazprom may instead focus on producing more easily transportable liquefied natural gas at the Barents Sea deposit, deputy chief executive Alexander Medvedev said on Saturday - the first time the company has mentioned that option. ... Full Story | Top |
India's jewelers call off strike
Sat,7 Apr 2012 05:48 AM PDT
Reuters - NEW DELHI (Reuters) - Jewellers in India called off their three-week-old strike on Saturday, an industry official said, on assurances from Finance Minister Pranab Mukherjee that the government would consider scrapping a budget proposal to levy excise duty on unbranded jewelry. "The strike has been called off today onwards. We will be starting our shops from tomorrow," said Kumar Jain, vice chairman of the Mumbai Jewellers Association. ... Full Story | Top |
Reforming Myanmar targets boost in rice exports
Sat,7 Apr 2012 02:35 AM PDT
Reuters -  YANGON (Reuters) - Myanmar plans to increase rice exports by almost a fifth to 1 million tons in the current fiscal year (2012-2013), owing partly to international help in reviving its agriculture sector, state media said on Saturday. Minister of Agriculture Myint Hlaing said President Thein Sein, a key reformer in the year-old civilian government, had instructed the ministry to boost rice yields and quality. Tax concessions would also be extended to help rice exporters, the newspapers said. ...
Full Story | Top |
Jobs recovery suffers setback in March
Sat,7 Apr 2012 01:05 AM PDT
Reuters -  Employers hired far fewer workers in March than in previous months, keeping the door open for the Federal Reserve to provide more monetary support for a still sluggish economy. The report was seized upon by Republicans hoping to make the weak economy the centerpiece of their campaign for November's presidential and congressional elections. Even as the unemployment rate fell to a three-year low of 8.2 percent, job growth slowed to 120,000 last month, the Labor Department said on Friday, the smallest increase since October. ...
Full Story | Top |
No timetable for restarting California nuclear plant: Jaczko
Fri,6 Apr 2012 11:49 PM PDT
Reuters -  DANA POINT, California (Reuters) - The top U.S. nuclear official said on Friday his agency has not set any timetable for restarting the troubled San Onofre nuclear station in Southern California and that it would only do so if safety was assured. Nuclear Regulatory Commission Chair Gregory Jaczko made his comments after touring the facility where both reactors have been shut since January due to the discovery of premature wear on tubes in giant steam generators installed in 2010 and 2011. Senator Dianne Feinstein, a Democrat, and U.S. ...
Full Story | Top |
China's big banks lend nearly 300 billion yuan in March: paper
Fri,6 Apr 2012 09:16 PM PDT
Reuters - BEIJING (Reuters) - China's big four state banks extended almost 300 billion yuan ($47.50 billion) in new local-currency loans last month, the official Securities Times reported on Saturday, citing unidentified sources. The newspaper also estimated that the total new loans from all Chinese banks may exceed 900 billion yuan in March, based on a 30-40 percent weight that the top four lenders typically account for the total new loans. Chinese banks issued 710. ... Full Story | Top |
Housing secretary pushes mortgage write-downs
Fri,6 Apr 2012 04:53 PM PDT
Reuters -  WASHINGTON (Reuters) - The Obama administration wants Fannie Mae and Freddie Mac, which finance the bulk of U.S. mortgages, to start reducing loan balances for troubled borrowers, but with safeguards to prevent them from purposely defaulting to obtain relief. Housing and Urban Development Secretary Shaun Donovan laid out the case for a program with such checks and balances to convince the Federal Housing Finance Agency, which regulates the companies, to provide more mortgage aid. ...
Full Story | Top |
| |
|
No comments:
Post a Comment