BUSINESS NEWS

Papandreou Says Obama Supports Greece Crisis Meaures (Update1)

2010-03-10T04:26:00Z

Greek Prime Minister George Papandreou said President Barack Obama expressed support for measures being taken to deal with Greece’s financial crisis. Read More......(read more)

Myners Says U.K. Banks Must Disclose More Details on Banker Pay

2010-03-10T04:25:01Z

The U.K. intends to force banks to increase disclosure on compensation, lowering the bar on reporting bonuses to 500,000 pounds ($746,000) from 1 million Read More......(read more)

BA, American, Iberia Airline Alliance Commitments Tested by EU

2010-03-10T04:25:01Z

British Airways Plc, AMR Corp.’s American Airlines and Iberia Lineas Aereas de Espana SA offered to give up takeoff and landing slots in the U.S and U.K. Read More......(read more)

Tullett Prebon Says It’s in Talks Over Possible Offer (Update1)

2010-03-10T04:20:00Z

Tullett Prebon Plc, the London- based inter-dealer broker led by Terry Smith, said it’s in early talks that may lead to an offer for the company. Read More......(read more)

Citigroup Selling TruPS After Repaying Bailout: Credit Markets

2010-03-10T04:16:00Z

Citigroup Inc., seeking capital after repaying bailout funds to the Treasury, is selling trust preferred securities as rising investor demand drives borrowing Read More......(read more)

Greek Crisis Is Over, Rest of Region Safe, Prodi Says (Update1)

2010-03-10T04:04:02Z

The worst of Greece’s financial crisis is over and other European nations won’t follow in its path, said former European Commission President Romano Prodi Read More......(read more)

E.ON to Give Post-2010 Earnings Outlook Mid-Year, Bernotat Says

2010-03-10T04:03:00Z

E.ON AG, Germany’s largest utility, will give an earnings outlook for 2011 onwards at the middle of this year as economic progress remains “difficult” Read More......(read more)

Korea Investment Picks SDI, LG Chem on Battery Sales (Update1)

2010-03-10T03:17:00Z

South Korean rechargeable battery makers’ stocks will outperform the benchmark index on increased use in mobile devices, autos and electricity grids, according Read More......(read more)

Iraqis Maneuver Amid Signs No Party Will Win Majority (Update1)

2010-03-10T03:10:00Z

Iraq faces tough political coalition-building as leaders maneuvered amid indications that no party would win a majority when initial results from the parliamentary Read More......(read more)

Pink Floyd, Queen May Ditch EMI as Guy Hands Buyout ‘Implodes’

2010-03-10T03:06:01Z

Pink Floyd and Queen, bands that have been with EMI Music for about four decades, may head for the door, according to two people familiar with their talks, Read More......(read more)

San Miguel Rises as Directors Initiate Tender Offer (Update1)

2010-03-10T03:05:00Z

San Miguel Corp., the Philippines’ largest food and drinks maker, rose to the highest in more than two years in Manila trading after a company controlled Read More......(read more)

Cathay Pacific Rises After Posting Better-Than-Expected Profit

2010-03-10T02:19:00Z

Cathay Pacific Airways Ltd., Hong Kong’s biggest carrier, rose the most in about a month after posting a better-than-expected profit on capacity cuts and Read More......(read more)

E.ON Profit Falls on Higher Debt From Acquisitions (Update1)

2010-03-10T02:18:05Z

E.ON AG, Germany’s largest utility, said full-year profit fell 4.8 percent after it took on debt to acquire power plants and add clients. Read More......(read more)

Toyota’s ‘Bargains’ May Boost Sales 30%, Edmunds Says (Update1)

2010-03-10T02:07:00Z

Toyota Motor Corp., battling a two- month slide in U.S. sales amid recalls of millions of vehicles, may rebound this month after introducing an incentive Read More......(read more)

China May Start Raising Interest Rates as Prices Gain (Correct)

2010-03-10T02:07:00Z

China’s inflation accelerated in February, according to a survey of economists, and exports climbed in the month, increasing the likelihood of the central Read More......(read more)