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Sunday, May 20, 2012

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  • Stock index futures signal steady open

     

    Traders work on the floor of the New York Stock Exchange

    LONDON (Reuters) - Stock index futures pointed to a steady open on Wall Street on Monday, with futures for the Nasdaq 100, the S&P 500 and the Dow Jones staying flat. The Commerce Department releases March personal income and consumption data at 1230 GMT. Economists expect a 0.3 percent rise in income and a 0.4 percent increase in spending. In February, income rose 0.2 percent and spending was up 0.8 percent. NYSE Euronext said its profits fell by almost a third in the first quarter due to a difficult trading environment and costs from its failed merger with Deutsche Boerse . ...


  • Falcone gets extension in LightSquared creditor talks

     

    Falcone testifies before a US House Oversight and Government Reform Committee hearing on the regulation of hedge funds, on Capitol Hill in Washington

    NEW YORK (Reuters) - Hedge fund manager Philip Falcone's LightSquared is avoiding a default for now on about $1.6 billion of debt after creditors of the upstart wireless telecom company agreed to extend negotiations for a week, source familiar with the matter said. The holders of LightSquared's debt, who include billionaire investor Carl Icahn and hedge fund manager David Tepper, had given Falcone's Harbinger Capital until 10 a.m. Monday to strike a deal for restructuring Harbinger's 96 percent equity control of LightSquared, the source said. ...


  • Spain in recession as austerity bites

     

    Trader gestures in front of his screens during a bond auction on a trading floor in Madrid

    MADRID, APRIL 30 - Spain's economy slipped into recession in the first quarter as domestic demand shrank, data showed on Monday, with deep government spending cuts in an uphill battle to trim the public deficit likely to delay any return to growth. Gross domestic product shrank 0.3 percent in January-March from the previous quarter according to preliminary National Statistics Institute data, unchanged from October-December and compared to a Reuters poll expecting a 0.4 percent contraction. ...


  • For businesses in China, a minefield of bribery risks

     SHANGHAI (Reuters) - Foreign companies doing business in China must navigate a business culture in which bribery is rife, finding ways to remove obstacles to expanding in the world's second-largest economy without running afoul of local or home-country laws. Especially in areas such as dealing with local officials in charge of permits, it is still common for bribes, whether cash or illegal gifts, to be expected in return for providing the necessary approvals, industry and legal experts say. For U.S. ...

  • Euro zone inflation cools but ECB seen holding rates

     

    A sculpture showing the Euro currency sign is seen in front of the European Central Bank (ECB) headquarters in Frankfurt

    BRUSSELS (Reuters) - - Inflation pressures in the euro zone eased slightly in April from March but were still above expectations, giving the European Central Bank little room to lower interest rates to help revive economic growth across the continent. Consumer price inflation in the 17 nations sharing the euro moderated to 2.6 percent year-on-year in April from 2.7 percent in March, the EU's statistics office Eurostat said on Monday. Economists polled by Reuters had forecast inflation of 2.5 percent. ...


  • Law firm Dewey dumps executive; talks with rival end

     

    A sign marking the Dewey & LeBoeuf LLP headquarters on Sixth Avenue is seen in New York

    NEW YORK (Reuters) - Embattled law firm Dewey & LeBoeuf said on Sunday it removed its former chairman from various leadership positions amid a probe by the Manhattan district attorney and said that talks with rival firm Greenberg Traurig about a potential transaction ended with no deal. According to an internal firm memo obtained by Reuters, Dewey's executive committee voted to oust Steven Davis from its ranks and remove him from a five-member management team put in place during a leadership shakeup last month. The firm's management also disclosed that talks with Greenberg Traurig had ended. ...


  • Energy Transfer Partners to buy Sunoco for $5.3 billion

     (Reuters) - Pipeline operator Energy Transfer Partners LP said it will buy Sunoco Inc for $5.3 billion in stock and cash as part of its plan to bulk up presence in the transportation of crude oil, natural gas liquids and refined products. Sunoco shareholders will receive $50.13 per share, a 22.5 percent premium over the stock's Friday close of $40.91 on the New York Stock Exchange. (Reporting by Swetha Gopinath in Bangalore; Editing by Sriraj Kalluvila)

  • Nokia in talks to sell luxury Vertu unit: source

     

    A Vertu Signature mobile phone costing over 9,500 euros is displayed in Helsinki

    LONDON (Reuters) - Cellphone maker Nokia is in talks to sell its UK luxury subsidiary Vertu, which hand makes some of the world's most expensive mobile phones, a source familiar with the company's strategy said on Monday. Earlier the Financial Times reported that talks with private equity group Permira were at an advanced stage on a possible sale which would raise about 200 million euros ($265 million). Vertu's cellphones can feature crystal displays and sapphire keys, costing more than 200,000 pounds ($320,000) due to the precious metal components. ...


  • EU's Barnier backs economic growth pact: paper

     

    European Union's Internal Market Commissioner Michel Barnier addresses a news conference on the progress of the single market and the 2011 governance check-up report in Brussels

    BERLIN (Reuters) - The EU's Internal Market Commissioner Michel Barnier has thrown his weight behind calls for an economic growth pact to complement an austerity drive that has triggered a political and popular backlash across the euro zone. "I am advocating that we prepare a European growth initiative in addition to the agreements on budget discipline," Barnier told Germany's Die Welt newspaper in an interview published on Monday. ...
Business News Headlines - Yahoo! News 

Micro Digger - Micro Digger
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Industrial Coatings - Industrial Coatings
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Machine Repair - Machine Repair
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Fendering - Fendering
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Cnc Routing - Cnc Routing
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Machinery Moving - Machinery Moving
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Self Storage Victoria - Self Storage Victoria
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Ridgid Pipe Threading - Ridgid Pipe Threading
...ting and ventilation industry. Although his firm sells lots of other products my husband is responsible for the Ridgid pipe threadingmachines as part of his position there. He has worked for the com...
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Septic Tanks Cornwall - Septic Tanks Cornwall
... towns and cities waste water from the toilet usually gets flushed into the drainage system. This in turn ends up at water treatment plants where it is processed and cleaned before it can be used agai...
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Coldrooms - Coldrooms
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Drainage Channel - Drainage Channel
...roduced with the evolution of civilization. The modern drainage system in urban and country set up depends heavily on drainage channel. Drainage Channelis made up of different materials; such as plast...
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Cold Room Shelving - Cold Room Shelving
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Compost Toilets - Compost Toilets
...n space is of a premium, say in a boat or in a caravan, something as simple as a toilet might take up too much room. That is, of course, if you consider a conventional toilet and the ancillary plumbin...
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Used Cranes - Used Cranes
...manufactured will need the right type of lifting gear. Hardy cranes will be used and they are more than capable of lifting the heaviest of loads. New lifting equipment can be installed within a rang...
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Gas Generators - Gas Generators
... the high pressure gas cylinders that are used on your site if you like because compact gas generators can be used to produce gas on your behalf. they are extremely efficient and let you as the user ...
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Handmade Unique Semi-precious Bead Jewellery - Handmade Unique Semi-precious Bead Jewellery
... a different type of present for her Birthday this year, something that I could put plenty of thought into and the type of gift that I know she would absolutely adore. Looking around for inspiration ...
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...s an Englishman`s home is his castle ? and because of this you want to keep it safe and secure. You can now buy the best gate closerin the market place today on line from one of the most reputable fir...
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Buffer - Buffer
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Lift Designer - Lift Designer
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Drainage Products - Drainage Products
...been evolved a lot with the evolution of human civilization. Generally the natural and artificial removal of surface and sub-surface water is named as drainage. Drainage system of a society or town is...
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