Business - KTOQ

Business

UBS predicts poor Q1 over euro zone woes

ZURICH (Reuters) - UBS <UBSN.VX> warned of a poor first quarter as uncertainty surrounds the eurozone, its banks and U.S. deficit issues, as it posted a sharp drop in fourth-quarter profit that missed analyst expectations on Tuesday. ...

SEC to propose new rules for money-market funds: WSJ

(Reuters) - The Securities and Exchange Commission (SEC) will unveil proposals aimed at stabilizing money-market funds in the event of another financial panic, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. ...

Exclusive: Facebook governance a concern for Calif pension fund

By Paritosh Bansal and Soyoung Kim NEW YORK (Reuters) - Facebook's corporate governance rules, which give shareholders little say in how the social networking website would be run as a public company, are raising...

Exclusive: MGM secures $500 million loan to expand film, TV

LOS ANGELES (Reuters) - Metro-Goldwyn Mayer said its lenders agreed to loan the studio $500 million to retire debt it took on when it emerged from bankruptcy about a year ago and to expand its film and TV production. ...

Toyota Q3 jumps, raises FY outlook on cost cuts, incentives

By Chang-Ran Kim TOKYO (Reuters) - Toyota Motor Corp reported a stronger-than-expected quarterly operating profit, shrugging off a firm yen and the damaging impact of flooding in Thailand, and raised its annual forecast, helped...

Toyota Q3 profit rises 51 percent, raises forecasts

TOKYO (Reuters) - Toyota Motor Corp reported on Tuesday a forecast-beating 51 percent rise in quarterly operating profit, defying the impact of a strong yen and Thai floods, and lifted its cautious annual forecasts closer to market expectations. ...

China growth could halve if Europe crisis worsens: IMF

BEIJING (Reuters) - China's annual economic growth could be cut nearly in half this year if Europe's debt crisis tips the world economy into a recession, putting pressure on Beijing to unveil "significant" fiscal stimulus, the International Monetary Fund said. ...

Analysis: Italy charm offensive more style than substance

By Gavin Jones ROME (Reuters) - The enthusiasm surrounding Mario Monti is excessive. He has not had time to address Italy's problems seriously, never mind fix them. ...

Analysis: Italy charm offensive more style than substance

By Gavin Jones ROME (Reuters) - The enthusiasm surrounding Mario Monti is excessive. He has not had time to address Italy's problems seriously, never mind fix them. ...

Glencore, Xstrata hammer out premium as deal nears

By Victoria Howley and Clara Ferreira-Marques LONDON/CAPE TOWN (Reuters) - Top executives at Glencore <GLEN.L> and Xstrata <XTA.L> are hammering out the final details of a proposed $80 billion merger, including the premium on...

Glencore, Xstrata hammer out premium as deal nears

Europe's debt rose to 82 percent of output at end-Q3

BRUSSELS (Reuters) - The European Union's total government debt rose slightly to 82.2 percent of economic output in the third quarter of 2011, the EU's statistics agency said on Monday, lower than the United States but still a burden that could take decades to pay down. ...

Citi gets approval to issue credit cards in China

By Kazunori Takada SHANGHAI (Reuters) - The China unit of Citigroup Inc <C.N> said on Monday that it has received regulatory approval to issue credit cards in China, the first non-Asian bank to receive...

Analysis: Euro zone strugglers lack innovative knack

By Alan Wheatley, Global Economics Correspondent 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...

Chrysler's "Halftime" ad: a roadmap for America?

By Bernie Woodall LAS VEGAS (Reuters) - Is what is good for Chrysler good for America? ...

Chrysler's "Halftime" ad: a roadmap for America?

By Bernie Woodall LAS VEGAS (Reuters) - Is what is good for Chrysler good for America? ...

Insight: Two firms flourish in frenzied MF Global aftermath

By Jeanine Prezioso and Cezary Podkul 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,...

GM aims for 10 percent profit margin over next few years: report

(Reuters) - General Motors <GM.N> aims to raise its profit margin to 10 percent over the next several years, up from the current margin of about 6 percent, Daniel Ammann, chief financial officer, told the Wall Street Journal in an interview. ...

As Facebook grows up, it courts Madison Avenue

By Peter Lauria (Reuters) - About a year ago, when it became clear that taking Facebook Inc public was a matter of when not if, Chief Operating Officer Sheryl Sandberg went out and poached...

GM, Ford feud over Super Bowl ad

By Bernie Woodall LAS VEGAS (Reuters) - A simmering feud between General Motors Co and Ford Motor Co heated up on Sunday as Ford objected to GM's Super Bowl advertisement for its Chevy Silverado...

Merger fails, but D.Boerse CEO says allies a must

FRANKFURT (Reuters) - D.Boerse CEO eyes new allies as NYSE deal crumbles Deutsche Boerse <DB1Gn.DE> does not believe it can survive in the long term without a new partner despite the collapse of its proposed $7.4 billion merger with NYSE Euronext <NYX.N>, its chief executive told a German newspaper. ...

Boeing to correct 787 Dreamliner fuselage issue

(Reuters) - Boeing <BA.N> has discovered a problem related to the aft fuselage of its 787 Dreamliner planes and is making repairs that will not affect production of the aircraft, the company said in an emailed statement on Sunday. ...

Boeing to correct 787 Dreamliner fuselage issue

Europe's shadow darkens outlook

By Pedro Nicolaci da Costa WASHINGTON (Reuters) - A renewed focus on Europe's banking and debt crisis may quickly sap the nascent optimism about global economic prospects that followed a remarkably solid U.S. January...

Europe's shadow darkens outlook

With sparse data, focus returns to Europe

By Chuck Mikolajczak NEW YORK (Reuters) - Europe will again be at the center of investors' focus this week as the U.S. earnings season passes the halfway mark and there is little on the...

With sparse data, focus returns to Europe

By Chuck Mikolajczak NEW YORK (Reuters) - Europe will again be at the center of investors' focus this week as the U.S. earnings season passes the halfway mark and there is little on the...

With sparse data, focus returns to Europe

By Chuck Mikolajczak NEW YORK (Reuters) - Europe will again be at the center of investors' focus this week as the U.S. earnings season passes the halfway mark and there is little on the...

Glencore offers 8 percent premium to Xstrata to seal deal: FT

(Reuters) - Commodities trader Glencore International <GLEN.L> is set to offer a bigger-than-expected premium to seal its proposed $88 billion merger with global miner Xstrata Plc <XTA.L>, the Financial Times reported on Monday. Under...

Glencore offers 8 percent premium to Xstrata to seal merger: FT

(Reuters) - Shareholders in global miner Xstrata Plc <XTA.L> are set to receive 2.8 shares in commodities trader Glencore International <GLEN.L> for each Xstrata share, under the terms of their $88 billion (55 billion pounds) proposed merger, the Financial Times reported on Monday. ...

Glencore offers 8 percent premium to Xstrata to seal merger: FT

Glencore, Xstrata hammering out final deal details

By Clara Ferreira-Marques and Victoria Howley CAPE TOWN/LONDON (Reuters) - Top executives at trader Glencore <GLEN.L> and miner Xstrata <XTA.L> are hammering out the final details of an $80 billion tie-up to seal the...

Glencore, Xstrata hammering out final deal details

Euro zone insists no Greek rescue without reforms

By Jan Strupczewski BRUSSELS (Reuters) - Euro zone finance ministers told Greece it could not go ahead with an agreed deal to restructure privately held debt until it guaranteed to implement reforms to secure...

Euro zone insists no Greek rescue without reforms

Wen says China has stake in helping Europe

BEIJING (Reuters) - China has a stake in helping euro zone countries get through their debt crisis, Chinese Premier Wen Jiabao said in comments published on Sunday, pointing to Europe's importance as a market and hinting at more possible support for beleaguered exporters. ...

China's Wen says country has stake in helping Europe

BEIJING (Reuters) - China has a stake in helping the euro zone countries get through their debt crisis, Chinese Premier Wen Jiabao said in comments published on Sunday, pointing to Europe's importance as an export market and as a source of technology. ...

Olympus ex-CEO Woodford sees more revelations

TOKYO/LONDON (Reuters) - Official investigations into a massive fraud at Japan's Olympus Corp are highly likely to lead to further revelations on the scandal soon, according to the firm's former chief executive, Michael Woodford, who blew the whistle on the affair. ...

Olympus ex-CEO Woodford sees more revelations

Olympus to hold shareholder meeting on April 20

TOKYO (Reuters) - Japan's troubled Olympus Corp said on Sunday it will hold an extraordinary shareholders meeting on April 20, when it is expected to seek approval of a new management team. The maker...

Most Germans want Greece to quit euro: poll

BERLIN (Reuters) - The majority of Germans feel the euro currency bloc would be better off if debt-crippled Greece left it, a poll published in mass-selling newspaper Bild am Sonntag showed on Sunday. The...

Eurozone loses patience with Greece

By Jan Strupczewski BRUSSELS (Reuters) - Euro zone finance ministers told Greece on Saturday it could not go ahead with an agreed deal to restructure privately-held debt until it guaranteed it would implement reforms...

Eurogroup's Juncker warns of possible Greece default

BERLIN (Reuters) - The possibility of a sovereign default by Greece cannot be ruled out, Jean-Claude Juncker, head of the Eurogroup of finance ministers from the single currency zone, said in a German magazine on Saturday. ...

Deutsche Boerse board member wants CEO out: paper

FRANKFURT (Reuters) - Deutsche Boerse's <DB1Gn.DE> chief executive Reto Francioni should step down following the collapse of its $7.4 billion plan to merge with NYSE Euronext <NYX.N>, a member of the German exchange operator's supervisory board told a newspaper. ...

Hungary seeks 15-20 billion euro IMF/EU credit line: official

BUDAPEST (Reuters) - Hungary is seeking an international credit line of 15 to 20 billion ($20 to $26.3 billion) euros, the secretary of state heading the prime minister's office, Mihaly Varga, was quoted on Saturday as saying. ...

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