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Saturday, May 19, 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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Refrigerated Trailer - Refrigerated Trailer
...therefore, why not invest in a refrigerated trailer and you`ll be able to keep your goods in cool environments? Stock up a refrigerated trailer with all types of perishable foods and drinks and you`l...
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Hose Reels - Hose Reels
...y 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, including car washing, window cleaning ...
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Waterjet - Waterjet
...o 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 components are suitable for the lea...
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Water Jet Machines - Water Jet Machines
...e options you still can`t decide what types of water jet machines you should invest in for the future. Having looked at numerous options one clear candidate seems to stand out from the rest. The mod...
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Employees Pay - Employees Pay
...new challenge or for better pay. Negotiations are often entered into when it comes to the employees pay and some people are better at negotiating than others. If you have been offered a new job rece...
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Pop Up Banners - Pop Up Banners
...business, special event or product. These banners will ensure maximum exposure of your brand, logo or important message with minimum fuss or effort. They are perfect for use outdoors, at sporting even...
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Sea Freight Exports - Sea Freight Exports
...s 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 advantage of ...
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Criminal Solicitor - Criminal Solicitor
... 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 that fi...
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Chiller Trailers - Chiller Trailers
...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 trailers...
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Grade Structure Review - Grade Structure Review
...e secretarial team, I was called into a meeting the other day to discuss a grade structure review for my team. Obviously, as within all large firms, there are different grades within every team. W...
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Full Colour Leaflet Printing - Full Colour Leaflet Printing
... my attention and if I had to advertise a product or wanted 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 ...
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Cesspit - Cesspit
...arge sealed tank that is used to store sewage and waste water. They come in all different shapes and sizes and are usually stored underground. Traditionally, a cesspit was made out of brick and these ...
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Flag Poles - Flag Poles
...of your country and there`s nothing wrong with showing a little loyalty to the place where you were born. On the various Patron Saints day around the United Kingdom you can see flags fluttering every...
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Secure Disposal - Secure Disposal
...s are got rid of by secure disposal . secure disposal is really important because if certain things are left lying around they can cause disease and, perhaps even death. One thing that is really ne...
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Engraved Labels - Engraved Labels
...for the local tennis club and I have been asked to get some Engraved Labels made for the cups that we will be giving out in our next tennis tournament. Obviously, we cannot get Engraved Labels before...
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Sea Freight Imports - Sea Freight Imports
...vices of sea fright import specialists who can provide cost effective solutions to the entire process. Problems faced with customs clearance and customs inspection can soon become minor concerns beca...
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Archive Boxes - Archive Boxes
...ntly in the throes of moving house 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 w...
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Coasters - Coasters
... in all sorts of shapes and 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 manufactu...
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Cheap Leaflets - Cheap Leaflets
...ucts 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. The problem is that many businesses often have several...
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Passport Holders - Passport Holders
...n being popular choices and plenty of other colours to choose from as well. Each and every one of the Passport Holders is made from top grade leather and this will help to keep their contents safe fr...
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Acrylic Signs - Acrylic Signs
...eatly 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 thicknesses, can b...
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Fraud Solicitors - Fraud Solicitors
...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 people who are subject of investigation in Gr...
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Hoses - Hoses
...ighted to have some outside space at last. I have been stocking up with equipment for the garden and one of the things my father told me was very important was to make sure I looked at hoses for the...
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Biological Treatment - Biological Treatment
...ganisms to treat waste material. It means that toxic chemicals may be decomposed into less toxic or non-toxic chemicals or may be absorbed by organic matter produced by bacteria or simply pass through...
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