Today's Reuters Business News Headlines - Yahoo! News:
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Apple patent victory boosts Microsoft as Asian vendors scramble
Sat,25 Aug 2012 07:43 PM PDT
Reuters -  HONG KONG/SEATTLE (Reuters) - Apple Inc's decisive triumph over Samsung Electronics in the most closely watched patent trial in years could open the door for Microsoft Corp to finally hop on board the mobile boom as manufacturers of Android-based smartphones and tablets weigh their legal risks. Microsoft sounded a challenge to Apple and Samsung in July when it took the wraps off its Surface tablet, a showcase for the revamped Windows software that it hopes will pave the way for its entry into the mobile space. ...
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Hertz near $2.5 billion deal to buy Dollar Thrifty: sources
Sat,25 Aug 2012 01:25 PM PDT
Reuters -  NEW YORK (Reuters) - Hertz Global Holdings is nearing an agreement to acquire Dollar Thrifty Automotive Group for around $2.5 billion, sources familiar with the matter said on Saturday, potentially ending years of an on-again-off-again takeover battle involving the U.S. rental car companies. Under the terms of a deal that is expected to be announced in coming days, Hertz could buy Dollar Thrifty for $87.50 per share, the sources said. The price would represent a premium of around 8 percent to Dollar Thrifty's Friday closing price of $81 per share, and more than double than the $1. ...
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Apple CEO Tim Cook says chose legal action "reluctantly"
Sat,25 Aug 2012 10:55 AM PDT
Reuters -  SAN FRANCISCO (Reuters) - Apple Inc decided to take its patent infringement battle to the courts only after "repeatedly" asking close component partner and arch-rival Samsung Electronics to stop mimicking the company's designs, Chief Executive Tim Cook told employees. "We chose legal action very reluctantly and only after repeatedly asking Samsung to stop copying our work," Cook said in an internal memo obtained by Reuters. ...
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Carrefour unions see job cuts in France
Sat,25 Aug 2012 07:51 AM PDT
Reuters - PARIS (Reuters) - French retailer Carrefour could unveil between 500 and 600 job cuts at its various French headquarters next week, unions said on Saturday, as the company's new chief executive seeks to cut costs and turn around the company. Le Figaro newspaper reported earlier that two further waves of around 500 job cuts could follow next year, although Carrefour hoped to avoid the third. ... Full Story | Top |
Shell's Ormen Lange gas field output hit by plant glitch
Sat,25 Aug 2012 05:51 AM PDT
Reuters -  OSLO (Reuters) - Output from Royal Dutch Shell's Ormen Lange gas field in Norway has dropped due to technical problems at a processing plant that supplies gas to Britain, the country's gas system operator said on Saturday. Output from the 70 million cubic meter (mcm) capacity Nyhamna plant that processes gas from Ormen Lange before it is shipped to Britain was reduced by 30 mcm, gas system operator Gassco said on its website. Shell was not immediately available to comment. ...
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GM's Opel may cut 30 percent of jobs in Germany: report
Sat,25 Aug 2012 05:34 AM PDT
Reuters - FRANKFURT (Reuters) - General Motors Co's ailing German unit Opel may have to cut a third of all jobs in the country, German newspaper Bild reported on Saturday citing a source. The person said Opel had agreed on a phased strategy with its parent General Motors that began by cutting the working hours of several thousand workers, a move announced earlier this week. The newspaper reported that GM has given Opel a clear goal of 30 percent for the job cuts. But Steve Girsky, president at GM Europe denied the report. "There is no such strategy," he was quoted as saying by the paper. ... Full Story | Top |
Dexia says likely to pump money into Luxembourg arm
Sat,25 Aug 2012 04:18 AM PDT
Reuters - BRUSSELS (Reuters) - Franco-Belgian bank Dexia SA said it believes it will need to recapitalise its Luxembourg arm before the latter's imminent sale, which could see it demanding further money from the Belgian and French governments. Dexia, bailed out for a second time in three years last October, agreed in April to sell Dexia Banque Internationale a Luxembourg (Dexia BIL) for 730 million euros. A 90 percent stake will go to Precision Capital, owned by Qatar's al-Thani royal family, and the remaining 10 percent to the Luxembourg government. ... Full Story | Top |
Lindt says can source cocoa from around the world
Sat,25 Aug 2012 02:19 AM PDT
Reuters - ZURICH (Reuters) - Lindt & Spruengli can source cocoa from a variety of places around the world if one country's yield suffers due to rainfall, the gourmet chocolate maker's chief executive said. Ernst Tanner, at Lindt since 1993, also told the newspaper Le Temps on Saturday that acquisitions were not imminent. "Those that we'd like to buy aren't for sale and those that are for sale we don't want," he said. ... Full Story | Top |
Nigeria eyes new Eurobond worth up to $1 bln
Sat,25 Aug 2012 02:16 AM PDT
Reuters -  ABUJA (Reuters) - Nigeria is looking at issuing a Eurobond worth up to $1 billion next year to fund its power and gas sector reforms, taking advantage of the country's likely inclusion in a JP Morgan emerging market index, the finance minister said on Friday. Finance Minister Ngozi Okonjo-Iweala also told Reuters in an interview on Friday that her long-term target was to scrap the country's Excess Crude Account (ECA) and replace it with a planned sovereign wealth fund. ...
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Wall St gains on ECB, but negative for week
Sat,25 Aug 2012 02:09 AM PDT
Reuters - NEW YORK (Reuters) - U.S. stocks gained on Friday on news the European Central Bank is considering setting targets in a new bond-buying program that could help contain euro-zone borrowing costs and on hopes of more stimulus from the Federal Reserve. The Dow Jones industrial average shot up 100.51 points, or 0.77 percent, to end unofficially at 13,157.97. The Standard & Poor's 500 Index advanced 9.04 points, or 0.64 percent, to finish unofficially at 1,411.12. The Nasdaq Composite Index gained 16.39 points, or 0.54 percent, to close unofficially at 3,069.79. For the week, the Dow fell 0. ... Full Story | Top |
Platinum prices could rise in 2013 on limited supply
Sat,25 Aug 2012 01:58 AM PDT
Reuters -  HYDERABAD, India (Reuters) - Prices of platinum could rise in 2013 as markets digest limited supply from major producer South Africa, analysts said at an industry conference on Saturday, with platinum trading at a premium over gold. South Africa accounts for 80 percent of platinum supply and its producers have seen output fall sharply over the last year because of industrial action and a flurry of government-imposed safety stoppages, sending prices to their highest level in more than three months. ...
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Ghana cedi rises against dollar on oversubscribed bond
Sat,25 Aug 2012 01:55 AM PDT
Reuters - ACCRA (Reuters) - Ghana's cedi rose 0.28 percent against the dollar on Friday on the back of an oversubscribed 5-year government bond, traders said. Barclays Bank Ghana trader Jacob Brobbey said the local currency closed the day's session at 1.9275/00 to the dollar, from an open of 1.9330/55. "It was a good gain and we expect a consolidation around this level on the inflows in the next few days," Brobbey told Reuters. The Bank of Ghana said on Thursday it sold 898. ... Full Story | Top |
S.African rand, bonds fall on euro weakness, risk concerns
Sat,25 Aug 2012 01:55 AM PDT
Reuters - JOHANNESBURG (Reuters) - South Africa's bonds fell and the rand weakened against the dollar on Friday, tracking a weaker euro and also weighed by lingering political risk concerns in the wake of the recent violence at Lonmin's Marikana mine which left 44 people dead. The yield on the benchmark bond due in 2015 climbed 8.5 basis points to 5.57 percent and that for 14-year paper jumped 10 basis points to 7.565 percent. The rand lost as much as 1.2 percent against the dollar during the session and was at 8.3950 by 1553 GMT, down 0.87 percent from Thursday's close at 8.3225. ... Full Story | Top |
Analysis: Sweeping Apple win, but Samsung set for bounce-back
Fri,24 Aug 2012 10:33 PM PDT
Reuters -  SEOUL (Reuters) - Defeat in a bitter patent wrangle with Apple Inc, its smartphone rival and biggest customer, will dent Samsung Electronics Co's $21 billion cash-pile, but could actually help cement its leadership in the global smartphone market. A U.S. court has ordered Samsung - which sold around 50 million phones in April-June, almost twice the number of iPhones - to pay $1.05 billion damages, after ruling that the South Korean firm infringed on some Apple patents. While the verdict was a big win for Apple, the damages are less than half the $2. ...
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Apple triumphs over Samsung in landmark patent case
Fri,24 Aug 2012 07:01 PM PDT
Reuters -  SAN JOSE, California (Reuters) - Apple Inc scored a sweeping legal victory over Samsung on Friday as a U.S. jury found the Korean company had copied critical features of the hugely popular iPhone and iPad and awarded the U.S. company $1.05 billion in damages. The verdict -- which came after less than three days of jury deliberations -- could lead to an outright ban on sales of key Samsung products and will likely solidify Apple's dominance of the exploding mobile computing market. ...
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