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Monday, August 22, 2011 12:04 AM PDT

Today's Reuters Business News Headlines - Yahoo! News: Soaring Australian dollar claims manufacturing victims Schaeuble says markets have confidence in euro Nowotny worried about EFSF timeline delay: report Southern California grocery workers authorize a strike Germany against euro bonds China paper warns of euro crisis "Black Death" Magazines flex their apps -- but will they make money? Legendary secures $220 mln for China movie venture Insight: DePuy's handling of hip recall sparks questions Kinetic Concepts gets offer from Avista: report Dollar Thrifty seeks best bids from Avis, Hertz Analysis: HP - Dial "M" for mayhem MediaNews delays deal to buy Freedom's newspapers: report All eyes on Bernanke as recession looms "The Help" outflexes "Conan" to win box office Soaring Australian dollar claims manufacturing victims Sun,21 Aug 2011 11:36 PM PDT Reuters - MELBOURNE (Reuters) - Australia's strong currency struck a heavy blow to the nation's manufacturing industry on Monday when BlueScope Steel , its largest steelmaker, unveiled plans to shut half of its steel-making capacity, cease exports and slash 1,000 jobs. Full Story Top Schaeuble says markets have confidence in euro Sun,21 Aug 2011 11:23 PM PDT Reuters - BERLIN (Reuters) - German Finance Minister Wolfgang Schaeuble said in a radio interview on Monday that the euro remains a stable currency and despite the euro zone debt crisis has held steady against the dollar in a consistent range. Full Story Top Nowotny worried about EFSF timeline delay: report Sun,21 Aug 2011 11:18 PM PDT Reuters - VIENNA (Reuters) - European Central Bank Governing Council member Ewald Nowotny is concerned that euro zone countries will not push through parliamentary approval of changes to their EFSF bailout fund as quickly as planned, an Austrian magazine quoted him as saying. Full Story Top Southern California grocery workers authorize a strike Sun,21 Aug 2011 07:37 PM PDT Reuters - LOS ANGELES (Reuters) - The union representing 62,000 grocery workers in southern California has received the go-ahead from members to call a strike if an acceptable contract deal cannot be reached with Ralphs, Vons and Albertsons supermarkets, officials said on Sunday. Full Story Top Germany against euro bonds Sun,21 Aug 2011 06:05 PM PDT Reuters - BERLIN (Reuters) - Germany strongly rejected mounting calls for the euro zone to issue joint debt at the weekend, but signaled it was open for the bloc to move toward a form of fiscal union, with the finance minister saying he personally supported a European counterpart. Full Story Top China paper warns of euro crisis "Black Death" Sun,21 Aug 2011 11:57 PM PDT Reuters - BEIJING (Reuters) - The "Black Death" of the debt crisis across the euro zone will hurt China's exports, although Beijing's relatively small holdings of euro assets will limit damage to foreign exchange reserves, the nation's top official newspaper said on Monday. Full Story Top Magazines flex their apps -- but will they make money? Sun,21 Aug 2011 05:49 PM PDT Reuters - NEW YORK (TheWrap.com) - Beachgoers this summer may have noticed that their favorite magazines -- from Time to Vanity Fair to Esquire -- have shiny new tablet editions. Full Story Top Legendary secures $220 mln for China movie venture Sun,21 Aug 2011 03:36 PM PDT Reuters - LOS ANGELES (TheWrap.com) - Legendary East, the Hong Kong-based venture launched by Legendary Entertainment this summer, will get $220 million in funding from a new investor, the company announced on Sunday. Full Story Top Insight: DePuy's handling of hip recall sparks questions Sun,21 Aug 2011 02:55 PM PDT Reuters - BOSTON (Reuters) - Johnson & Johnson, which could face billions of dollars in costs over an artificial hip recall, is taking an unusual approach to managing the crisis -- one that could limit its financial exposure, legal experts say. Full Story Top Kinetic Concepts gets offer from Avista: report Sun,21 Aug 2011 02:32 PM PDT Reuters - PHILADELPHIA (Reuters) - Kinetic Concepts Inc , a maker of medical devices used in wound care, got a rival takever big from Avista Capital Partners LLC's ConvaTec Inc that exceeds the existing $5 billion bid from Apax Partners LLP, according to Bloomberg. Full Story Top Dollar Thrifty seeks best bids from Avis, Hertz Sun,21 Aug 2011 02:20 PM PDT Reuters - NEW YORK (Reuters) - Dollar Thrifty Automotive Group Inc , the object of a takeover battle between rivals Hertz Global Holdings Inc and Avis Budget Group Inc , said on Sunday it wants best and final offers from the suitors by early October. Full Story Top Analysis: HP - Dial "M" for mayhem Sun,21 Aug 2011 01:22 PM PDT Reuters - SAN FRANCISCO (Reuters) - Leo Apotheker's credibility as a CEO is falling along with Hewlett-Packard's stock price. Full Story Top MediaNews delays deal to buy Freedom's newspapers: report Sun,21 Aug 2011 01:07 PM PDT Reuters - NEW YORK (Reuters) - MediaNews Group Inc has delayed a deal to buy Freedom Communications Inc's newspapers due to trouble with financing, the Wall Street Journal reported on Sunday on its website. Full Story Top All eyes on Bernanke as recession looms Sun,21 Aug 2011 12:03 PM PDT Reuters - WASHINGTON (Reuters) - With the global economy sputtering and financial markets on the rocks, the world needs reassurance the U.S. central bank stands ready to save the day. Full Story Top "The Help" outflexes "Conan" to win box office Sun,21 Aug 2011 11:55 AM PDT Reuters - LOS ANGELES (Reuters) - The maids of "The Help" proved far mightier than muscle-flexing "Conan the Barbarian" and three other new releases at the weekend box office, taking the top spot with an estimated $20.5 million in U.S. and Canadian ticket sales. Full Story Top

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