Reuters

Glencore-Xstrata deal meets shareholder opposition

Reuters - News - 46 min 24 sec ago
LONDON (Reuters) - Two top 10 shareholders in miner Xstrata said on Tuesday they would vote against a takeover by commodities trader Glencore, threatening the industry's biggest deal to create a powerhouse spanning mining, agriculture and trading.
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BP preparing "vigorously" for oil spill lawsuits

Reuters - News - 1 hour 9 min ago
LONDON (Reuters) - BP said it was preparing "vigorously" for lawsuits related to its Gulf of Mexico oil spill, which are due to start later this month, as it unveiled a rise in fourth-quarter earnings boosted by higher oil prices and one-off gains.
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Toyota raises annual profit forecast, eyes recovery

Reuters - News - 1 hour 17 min ago
TOKYO (Reuters) - Toyota Motor Corp raised its full-year profit forecast by more than a third as it cuts costs, trims spending and expects Japanese government schemes to boost sales, though the guidance was still some way below analysts' expectations.
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Syrian forces bombard Homs, Lavrov arrives for talks

Reuters - News - 1 hour 18 min ago
AMMAN (Reuters) - Syrian forces renewed their bombardment of Homs on Tuesday as Russian Foreign Minister Sergei Lavrov arrived in Damascus for talks aimed at pressing President Bashar al-Assad to end a bloody crackdown on a popular revolt and carry out reforms.
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Greek hopes prop up euro, results hit shares

Reuters - News - 1 hour 21 min ago
LONDON (Reuters) - The euro was underpinned by hopes a way would be found to push through a second bailout deal for Greece, though poor results from some top European firms on Tuesday rekindled unease about the region's debt crisis, sending shares lower.
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Greek leaders face crunch talks as unions strike

Reuters - News - 2 hours 14 min ago
ATHENS (Reuters) - Greek leaders face crunch talks on Tuesday to secure a new international bailout and avoid a chaotic debt default, caught between EU demands that they accept painful reforms now and a national strike against more austerity.
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Santorum aims for a victory in Republican contests

Reuters - News - 4 hours 3 min ago
DENVER (Reuters) - Republican candidate Rick Santorum is gunning for a victory in at least one of the three states holding presidential nominating contests on Tuesday in an attempt to slow down front-runner Mitt Romney and revive his fading White House hopes.
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U.S. closes embassy in Syria, vows further pressure

Reuters - News - Tue, 02/07/2012 - 00:37
WASHINGTON (Reuters) - The United States closed its embassy in Damascus on Monday and President Barack Obama vowed to ratchet up pressure on Syrian leader Bashar al-Assad to step down, even as world powers remained divided over how to end the crisis.
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Analysis: Euro zone strugglers lack innovative knack

Reuters - News - Tue, 02/07/2012 - 00:29
LONDON (Reuters) - To get an idea of the economic mountain euro zone strugglers Greece and Portugal have to climb, consider this: per million inhabitants, they each filed fewer than eight applications with the European Patent Office in 2010.
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Insight: Two firms flourish in frenzied MF Global aftermath

Reuters - News - Mon, 02/06/2012 - 17:02
NEW YORK (Reuters) - The mad rush to move client money out of MF Global Inc. after its collapse left two firms with the bulk of customer accounts, while other brokerages emerged with only minor gains from the chaos of carving up a multibillion-dollar business.
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Exclusive: Hacked companies still not telling investors

Reuters - News - Thu, 02/02/2012 - 17:13
SAN FRANCISCO (Reuters) - At least a half-dozen major U.S. companies whose computers have been infiltrated by cyber criminals or international spies have not admitted to the incidents despite new guidance from securities regulators urging such disclosures.
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Exclusive: U.S. and allies exploring prospects for Assad exile

Reuters - News - Thu, 02/02/2012 - 17:03
WASHINGTON (Reuters) - The United States, European governments and Arab states have begun discussing the possibility of exile for Bashar al-Assad despite skepticism the defiant Syrian president is ready to consider such an offer, Western officials said on Wednesday.
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Deutsche Bank's Ackermann era ends in quarterly loss

Reuters - News - Thu, 02/02/2012 - 16:54
FRANKFURT (Reuters) - Josef Ackermann's reign at Deutsche Bank ended in a surprise quarterly loss on Thursday, with the bank hit by a downturn in bond trading due to the euro zone crisis and writedowns on holdings in drug and gambling companies.
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Sony sees $2.9 billion loss, new CEO warns of pain

Reuters - News - Thu, 02/02/2012 - 16:49
TOKYO (Reuters) - Ailing Japanese electronics giant Sony Corp warned it was heading for a bigger-than-expected $2.9 billion annual loss, presenting a daunting task for incoming CEO Kazuo Hirai, who vowed to move quickly to turn things around.
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Taliban return seen unlikely threat in reshaped Afghanistan

Reuters - News - Thu, 02/02/2012 - 16:31
KABUL (Reuters) - Among the snippets in a secret NATO report detailing the hopes of jailed Taliban militants to retake Afghanistan was news the Islamist movement had set up telephone hotlines for Afghans to report anonymously on failures of its shadow government.
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Jobless claims fall, jobs market slowly healing

Reuters - News - Thu, 02/02/2012 - 16:14
WASHINGTON (Reuters) - New claims for unemployment benefits in the United States fell more than expected last week, pointing to more healing in the nation's battered jobs market.
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Glencore and Xstrata in $80 billion merger talks

Reuters - News - Thu, 02/02/2012 - 15:28
LONDON (Reuters) - Mining group Xstrata and commodities trader Glencore are in talks over an all-share merger that could create a combined group worth more than 50 billion pounds ($79 billion), shaking up the industry with its biggest deal to date.
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U.S. plans to halt Afghan combat role early

Reuters - News - Thu, 02/02/2012 - 15:15
BRUSSELS/KABUL (Reuters) - The United States took Kabul by surprise by laying out plans to end its Afghan combat role earlier than expected, just after the leak of a secret report that the Taliban is confident of regaining control of the country.
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Facebook's Zuckerberg to keep iron grip after IPO

Reuters - News - Thu, 02/02/2012 - 15:08
SAN FRANCISCO (Reuters) - Facebook unveiled plans for the biggest ever Internet IPO that could raise as much as $10 billion, but made it clear CEO Mark Zuckerberg will exercise almost complete control over the company, leaving investors with little say.
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China's Wen: May consider bigger role in EU rescue

Reuters - News - Thu, 02/02/2012 - 14:27
BEIJING (Reuters) - China is considering increasing its participation in the rescue funds aimed at resolving the European debt crisis, Chinese Premier Wen Jiabao told journalists on Thursday.
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