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Updated: 56 min 9 sec ago

U.S. Postal Service loses $1.3 billion in October-December

Fri, 02/08/2013 - 10:39
WASHINGTON (Reuters) - The U.S. Postal Service lost $1.3 billion in the October to December quarter, an official said on Friday, days after the beleaguered mail agency announced plans to cut back on Saturday delivery to save money.

McDonald's January sales drop more than anticipated

Fri, 02/08/2013 - 09:49
(Reuters) - McDonald's Corp said on Friday that January sales at established restaurants around the world fell 1.9 percent, a steeper decline than expected as fast-food chains fight for diners.

Global shares up on ECB rate hopes, China data; euro flat

Fri, 02/08/2013 - 09:18
LONDON (Reuters) - World shares rose and the euro hovered near a two-week low on Friday, on course for its biggest weekly loss in seven months after the European Central Bank rekindled speculation about another cut in interest rates.

Raytheon to roll out new India air-traffic system this year

Fri, 02/08/2013 - 09:10
BANGALORE (Reuters) - U.S. group Raytheon will roll out a new satellite-based aircraft navigation system in India this year, a move that could save airlines up to 20 percent in fuel costs.

Exclusive: Dell shareholder Southeastern unhappy with buyout

Fri, 02/08/2013 - 08:50
(Reuters) - Dell Inc's largest independent shareholder, Southeastern Asset Management Inc, has told the computer maker that a $24.4 billion buyout bid undervalues it, adding to a chorus of investor dissatisfaction with the landmark deal to take it private, two sources close to the situation said.

Monte Paschi says considering legal action to protect business

Fri, 02/08/2013 - 06:56
MILAN (Reuters) - Italian bank Monte dei Paschi said on Friday it is considering legal action against anyone who damages its commercial activity or spreads false information about the bank.

Daimler denies report on internal sales targets

Fri, 02/08/2013 - 06:54
FRANKFURT (Reuters) - Daimler has denied a magazine report which claimed to publish the German carmaker's internal sales targets for its core Mercedes-Benz Cars division.

Greece sees lower budget deficit in 2013, fiscal gap in 2016

Fri, 02/08/2013 - 06:11
ATHENS (Reuters) - Greece expects to cut its budget deficit to 4.3 percent of GDP this year, lower than previously forecast following debt relief measures, but faces a smaller primary surplus in 2016 than agreed with its lenders, new budget projections show.

Boeing starts 2013 ahead of Airbus despite 787 freeze

Fri, 02/08/2013 - 05:50
PARIS (Reuters) - Boeing started the year ahead of its European rival Airbus, after clinching the industry's top spot in 2012, with broadly higher orders and deliveries in January, data showed on Friday.

Nissan outlook defies optimism among Japan carmakers

Fri, 02/08/2013 - 05:42
TOKYO (Reuters) - Nissan Motor Co bucked the optimistic trend among Japanese carmakers reporting quarterly earnings, leaving its annual profit forecast unchanged as sluggish sales weighed on its bottom line while others got a boost from a weakening yen.

Norwegian Air seeks backup for Boeing Dreamliner

Fri, 02/08/2013 - 04:50
OSLO (Reuters) - Norwegian Air Shuttle said it will lease aircraft to replace Boeing's 787 Dreamliners if they are not delivered in time to launch its long-haul service.

BMW posts record group sales in January, up 9.9 percent

Fri, 02/08/2013 - 04:17
FRANKFURT (Reuters) - BMW , the world's largest premium carmaker, said group sales in January rose by 9.9 percent to 123,276 vehicles, a record for that month.

Heineken spells out gains from APB full purchase

Fri, 02/08/2013 - 04:05
BRUSSELS (Reuters) - Dutch brewer Heineken said on Friday its acquisition of the rest of Asia Pacific Breweries would boost its earnings per share slightly in the first year and yield 25 million euros ($33.5 million) of synergy benefits this year and next.

Singapore airport to get billion-dollar terminal boost

Fri, 02/08/2013 - 04:03
SINGAPORE (Reuters) - Singapore's Changi Airport, considered one of the best in the world, said on Friday it will boost passenger handling capacity by around 25 percent with a fourth terminal that will cost an estimated S$1.28 billion ($1.03 billion).

Kolon is challenging U.S. in trade-secrets case

Fri, 02/08/2013 - 01:12
(Reuters) - South Korea's Kolon Industries Inc is seeking dismissal of U.S. government charges of stealing trade secrets from DuPont Co , on the grounds that the Department of Justice did not properly notify the company of the case.

Goldman reaps fee bonanza from record Sinopec deal

Fri, 02/08/2013 - 00:52
HONG KONG (Reuters) - Goldman Sachs earned the envy of its rivals this week as the investment bank secured a rare monopoly on the fees tied to a record stock offering by Asia's biggest oil refiner.

New York attorney general probing three major rating firms: source

Fri, 02/08/2013 - 00:48
NEW YORK (Reuters) - New York Attorney General Eric Schneiderman has kicked off an investigation into three major credit ratings agencies, according to a person familiar with the matter, a move that follows the U.S. Justice Department's $5 billion lawsuit against Standard & Poor's over pre-crisis mortgage bond ratings.

Einhorn sues Apple, marks biggest investor challenge in years

Thu, 02/07/2013 - 23:42
NEW YORK/SAN FRANCISCO (Reuters) - Apple Inc on Thursday confronted its first major challenge from an activist shareholder in years as hedge fund manager David Einhorn's Greenlight Capital filed suit against the company and demanded it dole out a bigger piece of its $137 billion cash pile to investors.

Vietnam steps in for Vinashin restructuring: Basis Point

Thu, 02/07/2013 - 23:08
HONG KONG, Feb 8 - More than two years after Vietnam's state-owned shipbuilder Vinashin defaulted on a US$600 million loan, the Ministry of Finance has finally decided to step in by offering to guarantee a bond issue under a restructuring plan, a source familiar with the matter told Basis Point.

Energy Future Holdings hires restructuring advisors: source

Thu, 02/07/2013 - 22:15
NEW YORK (Reuters) - U.S. power company Energy Future Holdings (EFH), once known as TXU Corp, has hired legal and financial advisors to lay the groundwork for a potential restructuring, according to a source familiar with the matter.