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UBS back to profit in fourth quarter
February 9, 2010
ZURICH (Reuters) - Swiss bank UBS posted its first quarterly net profit since Oswald Gruebel took the helm a year ago, but client withdrawals rose well above forecasts, signalling he may need more time to steady the ship.
Euro gains as market speculates on Greece
February 9, 2010
TOKYO (Reuters) - The euro rose against the dollar on Tuesday, recovering from an 8-½ month low hit last week, as the market speculated that a rescue for struggling Greece would be organised soon, prompting some covering of short positions.
Macquarie outlook disappoints
February 9, 2010
SYDNEY (Reuters) - Macquarie Group , Australia’s top investment bank, forecast a disappointing second-half profit and gave an outlook that raised worries about its key equity business, sending its shares sliding 7 percent.
British Land Q3 NAV value up 18 percent
February 9, 2010
LONDON (Reuters) - British Land posted an 18 percent rise in third-quarter net asset value on Tuesday, providing ballast to a rebounding UK property market still haunted by worries over loan defaults and tenant failures.
Sanctions should be imposed to boost loans
February 9, 2010
LONDON (Reuters) - The Treasury should impose “effective and enforceable” sanctions to encourage the country’s bailed-out lenders to meet loan promises made as a condition of receiving taxpayer support, lawmakers said in a report.
Even when treated, depression costs employers
February 9, 2010
Toyota recalls Prius, other hybrids over brake woes
February 9, 2010
TOKYO/DETROIT (Reuters) - Toyota Motor Corp is recalling nearly half a million of its flagship Prius and other hybrid cars for braking problems, a third major recall since September and a further blow to the reputation of the world’s largest automaker.
BSkyB places 10.4 percent ITV stake
February 8, 2010
LONDON (Reuters) - British pay-TV group BSkyB sold a 10.4 percent stake in commercial broadcaster ITV Plc for around 196 million pounds ($305.4 million) on Monday, to finally bring an end to a long-running legal battle.
JAL to stay with American: source
February 8, 2010
TOKYO (Reuters) - Japan Airlines Corp has decided to maintain its partnership with American Airlines in the Oneworld alliance and end talks with Delta Air Lines , a source with knowledge of the matter said.
CIT sets Thain’s salary at $6 mln a year
February 8, 2010
NEW YORK (Reuters) - CIT Group Inc said its new Chief Executive John Thain will get an annual base salary of $6 million (3.85 million pounds), most of which is in stock, and a bonus of up to another $1.5 million, in a nod to compensation practices popularized by the Obama administration’s pay czar.
House price growth picks up pace
February 8, 2010
LONDON (Reuters) - Property price rises picked up pace in January, even as unusually heavy snowfall led to a sharp drop in new buyer enquiries, a survey indicated on Tuesday.
Retail sales fall 0.7 percent
February 8, 2010
LONDON (Reuters) - Retail sales fell in January to record the worst performance for that month in 15 years, a survey by the British Retail Consortium showed on Tuesday.
UK says Novartis, Bristol cancer drugs too costly
February 8, 2010
LONDON (Reuters) - Britain’s cost-effectiveness watchdog recommended against two expensive cancer drugs from Novartis AG and one from Bristol-Myers Squibb Co being used within the state-run health service.
CIT sets Thain’s salary at $6 million a year
February 8, 2010
NEW YORK (Reuters) - CIT Group Inc said its new Chief Executive John Thain will get an annual base salary of $6 million (3.85 million pounds), most of which is in stock, and a bonus of up to another $1.5 million, in a nod to compensation practices popularized by the Obama administration’s pay czar.
BSkyB selling 10.4 percent ITV stake
February 8, 2010
LONDON (Reuters) - Pay-TV group BSkyB is selling a 10.4 percent stake in commercial broadcaster ITV Plc for about 200 million pounds to end a long-running legal battle over its investment.
Miners, defensive rally helps FTSE up
February 8, 2010
LONDON (Reuters) - The top share index closed 0.6 percent higher on Monday, as gains in rebounding miners and strength in defensive issues more than offset weaker financials, which were weighed by ongoing eurozone debt issues.
NYT, WTO, life, test, trade »
Green Inc. Column: Fraud Besets E.U. Carbon Trade System
February 8, 2010
The latest bump in the E.U.’s Emission Trading System came last month, when swindlers used faked e-mail messages to obtain access codes for individual accounts.
life, test, trade »
Euro gains as market speculates on Greece
February 9, 2010
TOKYO (Reuters) - The euro rose against the dollar on Tuesday, recovering from an 8-½ month low hit last week, as the market speculated that a rescue for struggling Greece would be organised soon, prompting some covering of short positions.