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ECB's Weber hopeful of Basel III deal at weekend

Reuters Business News - Wed, 08/09/2010 - 17:32
FRANKFURT (Reuters) - Talks on the way banks around the world gird themselves for shocks can be wrapped up at the weekend, the head of Germany's Bundesbank Axel Weber said on Wednesday, warning no country should stand in the way of a deal.


Categories: Financial Media

Airgas spurns latest Air Products offer

Reuters Business News - Wed, 08/09/2010 - 17:27
NEW YORK (Reuters) - Industrial gas supplier Airgas Inc rejected the latest takeover offer from rival Air Products and Chemicals Inc on Wednesday, saying $65.50 per share is not an "appropriate value" or "sensible starting point for negotiations."


Categories: Financial Media

Tight inventories hurt Talbots sales

Reuters Business News - Wed, 08/09/2010 - 16:29
NEW YORK (Reuters) - Women's clothing retailer Talbots Inc posted lower-than-expected quarterly sales and its shares fell 11.6 percent as efforts to keep inventory lean and preserve margins left it short of items to sell.


Categories: Financial Media

BP happy to talk to Russian firms about asset sales

Reuters Business News - Wed, 08/09/2010 - 15:52
MOSCOW (Reuters) - Oil giant BP is open to talks about selling assets to Russian companies as part of its $30 billion fund raising programme to help pay for the Gulf of Mexico oil spill, the group's Russia chief said on Wednesday.


Categories: Financial Media

British monarchy boosts tourism

Reuters Business Video - Wed, 08/09/2010 - 14:59
Sep.8 - Overseas tourists flocking to sites linked to the British royals is generating around 500 million pounds a year, reveals research from VisitBritain.

Basmah Fahim, Reuters.

Categories: Financial Media

Jackson Hewitt loss narrower than expected

Reuters Business News - Wed, 08/09/2010 - 14:30
BANGALORE (Reuters) - No. 2 U.S. tax-preparer Jackson Hewitt Tax Service Inc posted a narrower-than-expected quarterly loss, as a drop in total expenses offset the decline in revenue.


Categories: Financial Media

Home buying up in week, but down 40 percent in year

Reuters Business News - Wed, 08/09/2010 - 14:18
NEW YORK (Reuters) - Americans applied to buy homes at the highest pace last week since May, but more than 8 of every 10 loan requests was for a refinancing, Mortgage Bankers Association data show on Wednesday.


Categories: Financial Media

German exports slow unexpectedly

Reuters Business Video - Wed, 08/09/2010 - 14:04
Sep.8 - After two months of strong gains, German exports fell unexpectedly in July, adding to evidence that slowing world economy could hit Europe's biggest economy.

Joanna Partridge, Reuters

Categories: Financial Media

Japan's intervention hints fail to halt yen

Reuters Business News - Wed, 08/09/2010 - 13:21
TOKYO (Reuters) - Japan's finance minister acknowledged currency intervention is an option for the first time since the yen's 14 percent rise since May, and a candidate to become prime minister sanctioned solo intervention as the yen jumped to a 15-year high versus the dollar.


Categories: Financial Media

Vodafone sells China mobile stake

Reuters Business Video - Wed, 08/09/2010 - 12:29
Sep.8 - Vodafine Group Plc sells its share of China Mobile for 6.5 billion U.S dollars.

Basmah Fahim, Reuters.

Categories: Financial Media

BP probe to spread blame for spill: report

Reuters Business News - Wed, 08/09/2010 - 12:19
HOUSTON (Reuters) - BP Plc's internal probe of the deadly April 20 blowout that unleashed the massive Gulf of Mexico oil spill will assign blame to BP as well as other companies involved in the well's operations, The Wall Street Journal reported on Tuesday.


Categories: Financial Media

Foster's knocks back $2.5 billion offer for wine

Reuters Business News - Wed, 08/09/2010 - 12:05
MELBOURNE (Reuters) - Foster's Group Ltd , Australia's largest brewer, rejected a private equity offer worth up to $2.5 billion for its wine business as too cheap, sending its shares up as much as 6 percent on hopes of higher bids.


Categories: Financial Media

Sinochem approaches Temasek on Potash bid

Reuters Business News - Wed, 08/09/2010 - 11:40
TORONTO/SINGAPORE (Reuters) - China's state-owned Sinochem Corp has invited Temasek, the Singapore sovereign wealth fund, to join a consortium that may bid for Canada's Potash Corp, the world's largest fertilizer supplier, sources with knowledge of the matter said on Tuesday.


Categories: Financial Media

Yen surges, Nikkei slides

Reuters Business Video - Wed, 08/09/2010 - 11:34
Sep 8 - Japan's Nikkei leads Asian share markets lower, as the yen's advances send exporter stocks downward. Dan Sloan reports.
Categories: Financial Media

Europe bank fears hit shares

Reuters Business News - Wed, 08/09/2010 - 10:48
SINGAPORE (Reuters) - Asian stocks fell on Wednesday, led by shares in Japan's big exporters as a rise in the yen to a new 15-year high threatened to erode their overseas earnings.


Categories: Financial Media

Dollar to maintain its dominance: China minister

Reuters Business News - Wed, 08/09/2010 - 07:52
XIAMEN, China (Reuters) - The dollar will remain the world's dominant currency for a long time, and the yuan will only gradually emerge as an alternative, Chinese Commerce Minister Chen Deming said on Wednesday.


Categories: Financial Media

Sinochem, Temasek eye Potash hunt

Reuters Business Video - Wed, 08/09/2010 - 07:49
Sep 8 - China's state-owned Sinochem has invited Singapore's sovereign wealth fund Temasek to join it in a bid for Canada's Potash Corp. Dan Sloan reports.
Categories: Financial Media

Report: BP probe to spread blame for spill

Reuters Business News - Wed, 08/09/2010 - 02:54
HOUSTON (Reuters) - BP Plc's internal probe of the deadly April 20 blowout that unleashed the massive Gulf of Mexico oil spill will assign blame to BP as well as other companies involved in the well's operations, The Wall Street Journal reported on Tuesday.


Categories: Financial Media

HP sues to stop ex-CEO Hurd joining Oracle

Reuters Business News - Wed, 08/09/2010 - 02:39
SAN FRANCISCO (Reuters) - Hewlett-Packard Co sued former Chief Executive Mark Hurd and asked a court to block him from joining Oracle Corp, saying his hiring by the rival technology firm puts HP's trade secrets "in peril."


Categories: Financial Media

Hurd's move to Oracle under fire

Reuters Business Video - Wed, 08/09/2010 - 01:29
Sept 07 - One day after Oracle announced it was hiring former Hewlett Packard CEO, Mark Hurd, HP filed a suit against Hurd potentially thwarting the move. Jeanne Yurman reports.
Categories: Financial Media