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Senin, 16 Mei 2011

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IMF can't allow leadership vacuum -ECB's Nowotny
Reuters
VIENNA, May 16 (Reuters) - The arrest of IMF chief Dominique Strauss-Kahn must not create a leadership vacuum during efforts to get a grip on Europe's debt crisis, European Central Bank Governing Council member Ewald Nowotny said on Monday. ...
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China's Stocks Drop on Concern Over Inflation, Slowing Growth
Bloomberg
By Bloomberg News - Mon May 16 08:08:45 GMT 2011 China's stocks fell for the third time in four days as a jump in the nation's food prices fueled concern inflation will quicken and Greece's debt crisis boosted speculation global economic growth will ...
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Teva buys Japanese drugmaker for $460m
Financial Times
By Andrew Jack in London Teva of Israel took a leap towards its ambition of becoming Japan's largest generic drugs group with the purchase of the majority of Taiyo Pharmaceutical Industry for $460m. The cash payment, for 57 per cent of the privately ...
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MUFG Q4 net sinks 82 pct, sees slight rise this FY
Reuters
By Taiga Uranaka TOKYO, May 16 (Reuters) - Mitsubishi UFJ Financial Group on Monday posted a sharp fall in quarterly profit, weighed down by losses at non-commercial banking units, and forecast a weaker-than-expected rise this year amid an uncertain ...
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Moody's: May Review Ratings On Tepco Lenders In Event Of Debt Waiver
Wall Street Journal
TOKYO (Dow Jones)--Moody's Investors Service said Monday that it may review for potential downgrade its ratings on creditors of Tokyo Electric Power Co. (9501.TO) if they waive loans made to the troubled utility, a scenario the ratings agency described ...
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India's Move to Increase Gasoline Prices May Stoke Inflation
Bloomberg
By Anil Varma and Pratish Narayanan - Mon May 16 08:55:02 GMT 2011 Customers fill up their motorcycles at an Indian Oil Corp. gas station in Bhubaneshwar, India. Photographer: Sanjit Das/Bloomberg India's move to increase gasoline prices by the most in ...
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Rosneft Climbs First Day in Four as BP Share-Swap Deadline Nears
Bloomberg
By Jason Corcoran - Mon May 16 08:50:37 GMT 2011 OAO Rosneft, Russia's largest oil producer, gained for the first day in four as a share-swap deadline approached. Rosneft gained as much as 1.3 percent and last traded 0.5 percent stronger at 231.41 ...
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China shares fall, HK flirts with key level as traders dump risk
Reuters
By Yixin Chen and Clement Tan HONG KONG/SHANGHAI, May 16 (Reuters) - Hong Kong stocks closed down on Monday in thin trade and the benchmark index may close below its 200-day moving average this week as funds keep unwinding their positions in ...
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Japan Machine Orders Unexpectedly Rose in March, Withstanding Quake Impact
Bloomberg
By Keiko Ujikane - Mon May 16 02:24:26 GMT 2011 Factory orders rose 2.9 percent in March from February, when they dropped a revised 1.9 percent, the Cabinet Office said today in Tokyo. Photographer: Haruyoshi Yamaguchi/Bloomberg May 16 (Bloomberg) ...
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Emerging Stocks Drop to Seven-Week Low on Greece, Goldman Sachs' Ratings
Bloomberg
By Berni Moestafa - Mon May 16 08:41:08 GMT 2011 Emerging-market stocks fell, sending the benchmark index to a seven-week low, as concern over Greece's debt crisis deepened, Goldman Sachs Group Inc. lowered its rating on South Korea shares and ...
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Treasury Yields Approach Lowest This Year on Recovery Concern Before Data
Bloomberg
By Lucy Meakin and Wes Goodman - Mon May 16 09:09:41 GMT 2011 Treasury yields approached their lowest levels this year amid concern about the strength of the recovery as Federal Reserve Bank of Atlanta President Dennis Lockhart said it's too early to ...
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Glenmark Pharma Surges After Selling Drug Rights to Sanofi
Bloomberg
By Adi Narayan - Mon May 16 07:56:15 GMT 2011 Glenmark Pharmaceuticals Ltd. (GNP) surged the most in 10 weeks in Mumbai trading after selling to Sanofi rights to develop an experimental multiple sclerosis treatment. Glenmark will get cash payments ...
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VimpelCom Chairman Lunder Named CEO as Izosimov Steps Down
Bloomberg
By Diana ben-Aaron - Mon May 16 07:07:19 GMT 2011 VimpelCom Ltd. (VIP), Russia's third- largest wireless carrier by subscribers, named Chairman Jo Lunder to succeed Alexander Izosimov as chief executive officer. Lunder, who is currently executive vice ...
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H&M same-store sales climb 11 percent, beating forecasts
Reuters
STOCKHOLM (Reuters) - Warm weather in key European markets and the Easter holiday helped Swedish budget fashion chain Hennes & Mauritz AB post its biggest rise in sales in eight months in April. The group posted an 11 percent year-on-year rise in sales ...
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Pound Snaps 4-Day Decline Versus Dollar as House Prices Rise
BusinessWeek
By Emma Charlton May 16 (Bloomberg) -- The pound snapped four days of declines against the dollar as a report showed UK home sellers raised asking prices to the highest since 2008 this month. Sterling weakened against the euro. ...
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Higher Prices to Restrain U.S. Growth, Business Economists Say
San Francisco Chronicle
May 16 (Bloomberg) -- The economy in the US will grow less than previously estimated this year as rising commodity costs hurt consumers, a survey showed. Gross domestic product in the world's largest economy will expand 2.8 percent in 2011, ...
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Scrushy art collection brings $549000
Bizjournals.com
Sixteen pieces of art seized from HealthSouth Corp. founder and former CEO Richard Scrushy's art collection sold for $549500 at auction Sunday. The collection was expected to take in about $521000, reports The Birmingham News' website al.com. ...
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Air Zimbabwe Suspended by IATA, Nehanda Radio Reports
Bloomberg
By Brian Latham - Mon May 16 08:34:52 GMT 2011 The International Air Transport Association, known as IATA, suspended Air Zimbabwe for non- payment of booking fees, UK-based Nehanda Radio said, citing an IATA statement. The state-owned airline owes IATA ...
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China needs rate hike to curb inflation: Report
Economic Times
BEIJING: China should raise interest rates to battle spiralling inflation, which is likely to hit 4.2-4.3 pe cent this year, exceeding the official target, a central bank adviser was quoted saying Monday. Beijing should target a gradual increase in ...
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Power Outage at State Penitentiary
WOWT
Nebraska Correctional Services has confirmed that a fire, which was caused by an electrical malfunction, wiped out electricity to all housing units for several hours. Power has since been restored, and the penitentiary has resumed normal operations. ...
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US Navy drones: Coming to a carrier near China?
The Associated Press
YOKOSUKA, Japan (AP) — The US is developing aircraft carrier-based drones that could provide a crucial edge as it tries to counter China's military rise. American officials have been tightlipped about where the unmanned armed planes might be used, ...
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The Associated Press
Autonomy To Buy Some Iron Mountain Digital Assets For $380M
Wall Street Journal
By Lilly Vitorovich LONDON (Dow Jones)--UK software group Autonomy Corp. (AU.LN) Monday said it agreed to buy selected assets of US information management company Iron Mountain Inc.'s (IRM) digital division for $380 million in cash. ...
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Stocks: Investors playing defense
CNN
By Hibah Yousuf May 15, 2011: 9:04 AM ET NEW YORK (CNNMoney) -- Investors have hunkered down in defensive mode and that trend will continue in the week ahead, which includes a smattering of economic data and the minutes from the most recent Fed meeting ...
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Farmers' Market Season Begins
WDTV
One city in our area is encouraging its residents to not only eat healthy, but, more importantly, to eat local. Sunday marked the start of the 3rd season of the Bridgeport Farmers' Market. Vendors brought fresh produce, meats, breads, and flowers from ...
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Utah companies leading local renewable energy effort
KSL-TV
By Chris Robinson, ksl.com Contributor The last few decades of human development have brought with them a sobering reality: in the quest for an ever-higher quality of life, humankind is crippling the planet. Environmentalists and politicians have ...
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KSL-TV
Glencore Narrows Price Range for Its Planned $10 Billion Initial Offering
Bloomberg
By Jesse Riseborough and Zijing Wu - Mon May 16 08:04:52 GMT 2011 A woman picks up a prospectus for the upcoming Glencore International Plc initial public offering in Hong Kong. Photographer: Jerome Favre/Bloomberg May 6 (Bloomberg) -- Scott Rostan, ...
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BRIEF-Moody's Tenzing CFO - no neg rtg impct follwing an amndmnt
Reuters
We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our ...
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Dubai Bank Gets Government-Led Rescue Package After Loans Losses Spiral
Bloomberg
By Arif Sharif - Mon May 16 08:33:37 GMT 2011 Dubai Bank PJSC, an Islamic lender owned by Dubai Holding LLC and Emaar Properties PJSC (EMAAR), was rescued by Dubai's government after loan losses increased. "The intervention is designed to ensure that ...
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Federal Reserve approves Hancock-Whitney deal
Houston Chronicle
© 2011 AP GULFPORT, Miss. — Hancock Holding Co. will take over Gulf Coast banking rival Whitney Holding Corp. early next month. The Federal Reserve Board said late Friday that it had approved the $1.5 billion stock-for-stock deal for Hancock to take ...
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AP-Mortgages-TransUnion
WLOS
NEW YORK (AP) -- Fewer homeowners are making late payments, or no payments, on their mortgages. TransUnion, which is one of the Big Three credit reporting agencies, says the delinquency rate fell during the first quarter for the fifth quarter in a row. ...
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