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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. ...
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Cesspit - Cesspit
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Hoses - Hoses
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Refrigerated Trailer - Refrigerated Trailer
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...ed to promote a new brand I`m certainly invest in full colour leaflet printing to get my message across to the target audience. When you look at the prices of the leaflet printing you quickly realize...
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...assport Holders are available in many colours with black or maroon being popular choices and plenty of other colours to choose from as well. Each and every one of the Passport Holders is made from to...
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...d sizes and you will not find many that are not used for advertising purposes, they are a really fantastic way to promote a company. Using the web you can find many manufacturers and printers of promo...
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...are used in garden applications as they can provide valuable water to lawns and plants. Households throughout the World use hose reels to water prized shrubs and for numerous other reasons as well, i...
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...ntribute greatly to portraying a professional reputation for that firm. The style of the acrylic signs can vary hugely in a number of different aspects. The signs can be created with different thickne...
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... and, of course, she has to make sure that all the medical supplies are got rid of by secure disposal . secure disposal is really important because if certain things are left lying around they can c...
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... you are at an outdoor event when there isn`t a fridge to be seen for miles? The simple answer is to take a refrigerated trailer to the site and power it by mains or generated power sources. chiller...
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Cheap Leaflets - Cheap Leaflets
...ecially a new one it is very important to advertise products and services as much as possible. It is one of the best ways to let potential customers know what you can offer and where they can find you...
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Waterjet - Waterjet
...a decent local supplier who can provide you with the parts that you need when you need them the most? There`s a supplier in Yorkshire who stocks a comprehensive stockpile of parts and these component...
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... of fraud can have serious consequences and anyone who finds themselves in this unlucky situation will need to find the best types of fraud solicitors. Help isn`t too far away for those unlucky peopl...
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Criminal Solicitor - Criminal Solicitor
... decent criminal solicitor to be by your side. Should Customs and Excise want to take you to court over a supposed smuggling operation legal representation will almost certainly be required. People ...
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Archive Boxes - Archive Boxes
...se and we were looking for ways to pack up our belongings. Luckily, my boyfriend works for a large office firm in the city centre and they have lots of archive boxes which he was able to bring home. ...
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...r seas there are a number of options of transport. Using Sea freight exports is one method. There are many advantages to sending your goods this way. Choosing your goods by sea you are taking advantag...
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