German unemployment drops slightly in November
BERLIN - Official figures show the number of Germans unemployed ticked down slightly in November, even though growth in Europe's largest economy is coming off the boil. Labor Agency head Frank Weise...
View ArticleEuro rises on optimism of U.S. fiscal cliff deal
LONDON (Reuters) - The euro rose against the dollar on Thursday after comments from U.S. policymakers revived expectations of a deal being reached to avert sharp fiscal tightening in the world's...
View ArticleECB right not to disclose Greece-related documents: court
BRUSSELS (Reuters) - The European Central Bank was right to refuse access to documents on the economic situation in Greece to a journalist in 2010, because disclosure would have undermined the public...
View ArticleU.S. budget deal hopes buoy global shares and commodities
LONDON (Reuters) - World shares hit three-week peaks and commodities were also higher on Thursday as comments from a senior U.S. lawmaker raised hopes of a budget deal by year-end to avoid a fiscal...
View ArticleEuro zone economic mood cheers up a little in November
BRUSSELS (Reuters) - Morale in the euro zone's economy improved for the first time in almost a year in November, but signs of stagnant investment plans for next year in industry dampened hope of a...
View ArticleEuro Zone Central Banks May Roll Over Greek Bonds
Euro zone central banks might roll over their Greek debt holdings to cut by 5.6 billion euros ($7.2 billion) the amount governments will have to provide Athens by 2016, according to a document that...
View ArticleBankia Debtholders Face Bailout Losses
Bankiaâs subordinated debt and hybrid securities holders will face large losses on their investments as part of a restructuring demanded by Brussels in return for eurozone aid. The investors â...
View ArticleBarroso Unveils Euro Survival Plan
The euro zone should gradually acquire the powers of a national government with a single treasury and the right to tax or issue commonly backed bonds under a Brussels blueprint to ensure the single...
View ArticleEU executive wants 2-speed integration
BRUSSELS - The European Union's executive wants to allow the 17 member states that use the euro currency to move faster toward economic integration than the broader 27-nation EU. EU Commission...
View ArticleCrude Higher, Eye on Mideast Tensions
U.S. crude futures edged higher on Thursday, as U.S. lawmakers appeared to be inching closer to a deal on the "fiscal cliff" and tensions in the Middle East worsened, but investors remained wary of...
View ArticleYen off 1-week high, euro firm on renewed U.S. fiscal hopes
TOKYO (Reuters) - The yen slipped from a one-week high hit overnight on Thursday and the euro regained some footing after comments from U.S. policy makers rekindled hopes of a deal to avert a sharp...
View ArticleJapan October Retail Sales Fall 1.2 Percent On-Year
Japanese retail sales fell 1.2 percent in October from a year earlier, government data showed on Thursday, adding to mounting evidence that the economy has fallen into a mild recession. The fall...
View ArticleSouthwest to merge 3 AirTran call centers
DALLAS - Southwest Airlines Co. said Wednesday that it will consolidate three AirTran Airways reservations call centers into a single facility in Atlanta. Centers in Savannah and Carrollton, Ga., will...
View ArticleHSBC in talks on closing South Korean retail bank unit: report
SEOUL (Reuters) - HSBC is talking with South Korean regulators about shutting its local retail banking operations after a failed attempt to sell the business, the Donga Ilbo newspaper reported on...
View ArticleCitigroup chairman O'Neill buys $1 million Citi stock
(Reuters) - Citigroup Inc chairman Michael O'Neill bought $1 million of the bank's stock about a month after the exit of chief executive Vikram Pandit. O'Neill acquired 28,200 shares through a trust...
View ArticleNokia Siemens to close Bruchsal plant in Germany
HELSINKI/FRANKFURT (Reuters) - Mobile network equipment maker Nokia Siemens Networks (NSN) will cut 650 jobs as it shuts down its plant in Bruchsal, Germany, a spokeswoman for the company said on...
View ArticleOil rises as worries over US budget deal ease
BANGKOK - The price of oil rose Thursday as U.S. leaders voiced optimism that a budget deal would be reached before the end of the year. Benchmark crude for January delivery was up 34 cents to $86.83...
View ArticleSiemens paying for Invensys Rail out of liquidity
FRANKFURT (Reuters) - Siemens AG is paying for its 1.74 billion pound ($2.8 billion) acquisition of Invensys' rail business out of existing liquidity, the Infrastructure & Cities division's...
View ArticleProbe of boat's sinking leads to crab pot lines
WARRENTON, Ore. - Testimony in a second round of hearings into a fishing vessel that sank off the Washington coast, killing four people, has raised the possibility that the boat got tangled in crab...
View ArticleIsrael Discount Bank profit jumps on fee income
* Q3 net profit 221 mln shekels vs 202 mln forecast * Net interest income slips, credit loss charges rise JERUSALEM, Nov 29 (Reuters) - Israel Discount Bank , Israel's third-largest bank, reported an...
View ArticleKuwait could ban 100,000 from travel over dues: paper
KUWAIT (Reuters) - Kuwait could ban nearly 100,000 of its residents from leaving the country for failing to pay dues owed to the state, local newspaper reported, quoting a senior Justice Ministry...
View ArticleMilwaukee flight delayed after passenger finds shotgun shell
MILWAUKEE (Reuters) - A Delta flight from Milwaukee to Detroit was delayed on Wednesday after a passenger found a live shotgun shell by his seat and everyone on board had to pass through a security...
View ArticleInvestors say Timken should split into 2 companies
NEW YORK - Investment fund Relational Investors LLC said Wednesday that it believes steel and bearings maker Timken Co. should split itself into two companies. Relational said the two businesses are...
View ArticleCroatia's teachers, nurses strike against budget cuts
ZAGREB (Reuters) - Croatia's teachers and nurses staged a one-day strike on Thursday, the first major protest against austerity measures in the country that will join the European Union next year....
View ArticleR&B star Mary J. Blige sued for defaulting on $2.2 million loan
(Reuters) - R&B star Mary J. Blige was hit with a lawsuit on Wednesday alleging the Grammy winner and her husband defaulted on a $2.2 million bank loan. According to court documents filed in New...
View ArticleYue Yuen says 12-month net profit up 13 pct to $506 mln
Nov 29 (Reuters) - For a full statement on the results of Yue Yuen Industrial (Holdings) Ltd , which is a sports shoe manufacturer, please click on: Note: The latest statement is for the year ending...
View ArticleU.S. daily deals website Living Social to cut 400 jobs: WSJ
(Reuters) - U.S. daily deals online firm Living Social Inc is expected to announce on Thursday it is cutting 400 jobs, representing 9 percent of its workforce, as demand for daily deals and emailed...
View ArticleUPDATE 1-Israel's Bank Hapoalim net profit beats estimates
* Q3 net profit 625 mln shekels vs 607 mln forecast * Credit loss charges 286 mln shekels vs 351 mln forecast (Adds details) TEL AVIV, Nov 29 (Reuters) - Bank Hapoalim , Israel's largest bank,...
View ArticleJimmy Buffett sells 'Cheeseburger in Paradise' restaurants
(Reuters) - Jimmy Buffett is parting with Cheeseburger in Paradise, a chain of theme restaurants that is named after one of his songs, for $11 million. Luby's Inc. announced on Wednesday it was buying...
View ArticleBOJ's Shirai: outlook for capex, consumption among key risks
KUMAMOTO, Japan (Reuters) - Bank of Japan board member Sayuri Shirai said on Thursday she will focus on the outlook for capital spending and private consumption as among key risks to the country's...
View ArticleMorgan hat-trick leads U.S. women in rout over Ireland
(Reuters) - Alex Morgan's first-half hat-trick proved she has not lost her scoring touch as the United States women's soccer team blanked Ireland 5-0 in an international friendly on Wednesday. Morgan,...
View ArticleNY businessman pleads not guilty to fraud charge
NEW YORK - A New York man arrested on criminal fraud charges after he claimed Facebook founder Mark Zuckerberg had years ago promised him half ownership in the company has pleaded not guilty. Paul...
View ArticleGM venture in China plans $1 billion auto plant
HONG KONG - General Motors and its joint venture partners in China say they will build a third car plant to keep up with demand for vehicles in the world's biggest auto market. The SAIC-GM-Wuling...
View ArticleKodak reaches improved financing deal worth $830M
NEW YORK - Struggling photo pioneer Eastman Kodak Co. will get loans worth $830 million in a new financing package that replaces a $793 million deal. The new package also has a longer maturity and...
View ArticleEmpire State Building surprises NY with new lights
NEW YORK - Earlier this week, a switch was flipped at the Empire State Building, turning on its dancing new LED lights. They burst from the skyscraper, synchronized with R&B star Alicia Keys...
View ArticleIndia's parliament to vote on foreign supermarket investment
NEW DELHI (Reuters) - India's parliament will hold a non-binding vote on one of the government's flagship economic reforms, allowing foreign direct investment in supermarkets, the Speaker said on...
View ArticleBRIEF-Transaction Capital says FY normalised headline EPS up 17.1 pct
JOHANNESBURG, Nov 29 (Reuters) - Transaction Capital Ltd : * Says FY normalised headline earnings per share up 17.1% to 81.6 cents * Says gross loans and advances grew 33.9% to R9 758 million * Says...
View ArticleU.N. chief recommends "offensive military operation" in Mali
UNITED NATIONS (Reuters) - U.N. chief Ban Ki-moon cautiously recommended on Wednesday that the Security Council approve the deployment of an African Union "offensive military operation" to combat...
View ArticleMalaysia PM prepares ruling party for elections
KUALA LUMPUR, Malaysia - Malaysia's leader has warned voters that their country risks economic collapse if the opposition wins national elections that must be held by mid-2013. Prime Minister Najib...
View ArticleJapan's Nikkei rises on boosted hopes for a deal on U.S. fiscal woes
TOKYO (Reuters) - Japan's Nikkei share average rebounded from the previous session's one-week closing low as comments by U.S. policy makers hinting at progress in reaching a fiscal deal with the White...
View ArticleTwo winning tickets share record $588 million Powerball draw
PHOENIX (Reuters) - Winning tickets bought in Arizona and Missouri matched numbers drawn for a record Powerball lottery jackpot of $588 million, the Multi-State Lottery Association said. Holders of...
View ArticleU.N. nuclear chief sees no progress on Iran concerns
VIENNA (Reuters) - The U.N. nuclear chief said on Thursday that no progress had been made in trying to clarify concerns about possible military dimensions to Iran's nuclear program, despite "intensive...
View ArticleBRIEF-Monument reports Q1 EPS of $0.05
Nov 28 (Reuters) - Monument Mining Ltd : * Reports first quarter of fiscal 2013 results * Q1 earnings per share $0.05 * Q1 gross revenue $20.8 million * Source text * Further company coverage...
View ArticleBRIEF-Israel's Bank Leumi Q3 results
Nov 29 (Reuters) - Israel's Bank Leumi says: * Q3 net profit 479 mln shekels vs 155 mln shekels * Forecast in Reuters poll to post Q3 net profit of 529 mln shekels * Takes 150 mln shekel provision to...
View ArticleRondo ejected as Brooklyn beat Boston
(Reuters) - - Brooklyn beat Boston 95-83 in an Eastern Conference clash that turned nasty in the second quarter when three players were ejected after a skirmish on Wednesday. Nets forward Kris...
View ArticleTwo bombs kill 28 people in Iraq Shi'ite cities
HILLA, Iraq (Reuters) - Bombs in two majority Shi'ite Muslim cities in southern Iraq killed 28 people on Thursday, police and hospital sources said. Scores were wounded in the blasts, which struck...
View ArticleGoldman's Blankfein nets $2.8 million after exercising stock options
(Reuters) - Goldman Sachs Group Inc Chief Executive Lloyd Blankfein exercised company stock options that netted about $2.8 million, joining several top executives at the bank cashing in on options in...
View ArticleGermany to abstain in U.N. vote on Palestinian status: Foreign Minister
BERLIN (Reuters) - Germany said it would abstain in a vote on Thursday at the U.N. General Assembly on changing the Palestinian Authority's diplomatic status, citing fears that it could be...
View ArticleReport: Economy boosted entrepreneurship in 2011
NEW YORK - The slow improvement in the economy gave a huge boost to entrepreneurship in the U.S. last year, according to a study released Thursday. More than 29 million people were starting or running...
View ArticleDurant nets 37 as Thunder blast Rockets in Harden's return
(Reuters) - Kevin Durant greeted former team mate James Harden with 37 points as the Oklahoma City Thunder blasted Houston Rockets 120-98 on Wednesday to spoil the shooting guard's return to the...
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