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(990 results)- Honda Expands Recall, More Toyotas Probed
- By Chang-Ran Kim and Soyoung KimTOKYO/DETROIT (Reuters UK) - Honda Motor Co said it would recall another 440,000 cars around the world for faulty airbags as rival Toyota Motor Corp faced further probes over its largest-ever safety crisis.Honda, Japan's No.2 automaker, said the faulty airbags had previously been linked to...
- News items 2010-02-09
- Gmail Takes on Facebook, Twitter
- By Alexei OreskovicMOUNTAIN VIEW, California (Reuters UK) - Google Inc injected social networking features into its popular Web email product as the world's No. 1 search engine seeks to fend off competition from Facebook and Twitter.Google introduced a new product dubbed Google Buzz on Tuesday that allows users to quickly...
- News items 2010-02-09
- Eurozone Agreed in Principle to Aid Greece - Source
- By Matthias SobolewskiBERLIN (Reuters UK) - Euro zone countries have decided in principle to help debt-stricken Greece, a senior German ruling coalition source said on Tuesday."The decision on help for Greece has been taken in principle within the euro zone," said the source who has knowledge of the negotiations on...
- News items 2010-02-09
- Toyota Recalls New Prius
- By Nobuhiro Kubo and John CrawleyTOKYO/WASHINGTON (Reuters UK) - Toyota Motor Corp said it would call in nearly half a million new Prius and other hybrid cars for braking problems, the third recall in a spiralling safety crisis at the world's biggest carmaker.U.S. authorities stepped up scrutiny of Toyota, whose...
- News items 2010-02-09
- Barclays CEO Hits Out at U.S. Reforms
- By Steve SlaterLONDON (Reuters UK) - A top banker condemned the United States for pushing ahead with its own financial regulatory reform which he said undermined attempts to set up a coordinated global framework for change.John Varley, chief executive of Barclays Plc BARC, said banks would not obstruct reform and...
- News items 2010-02-09
- Kraft Confirms Cadbury's Plan to Shut Bristol Plant
- LONDON (Reuters UK) - Kraft Foods Inc said on Tuesday it would not reverse a decision by Cadbury Plc to close a manufacturing plant near Bristol because the firm's plans were too advanced to change them.Kraft, which is in the final stages of taking over Cadbury after a prolonged bid...
- News items 2010-02-09
- FTSE Boosted By Miners
- By Tricia WrightLONDON (Reuters UK) - The top share index closed up on Tuesday, led higher by miners and banks, but lingering concerns over Europe's fiscal problems weighed on sentiment.The FTSE 100 ended 19.51 points or 0.4 percent ahead at 5,111.84, having hit a session high of 5,132.93.Metals prices...
- News items 2010-02-09
- German Government Denies Decision on Greece Aid
- BERLIN (Reuters UK) - Reports that the euro zone has made a decision to help debt-stricken Greece were unfounded, a spokesman for the German government said on Tuesday."Government spokesman Ulrich Wilhelm rejects as unfounded reports citing coalition sources saying a decision for aid for Greece has in effect been made,"...
- News items 2010-02-09
- Lloyds Calls Time on Irish Retail Banking
- By Padriac HalpinDUBLIN (Reuters UK) - Lloyds Banking Group PLC LLOY is to close its fledgling retail banking operation in Ireland, cutting some 750 jobs, after a strategy review found the unit was too small to survive the post-crisis environment.Following the outcome of a major review of its Irish operations,...
- News items 2010-02-09
- Eurozone Agrees to Aid Greece - Source
- BERLIN (Reuters UK) - Euro zone countries have decided in principle to help debt-stricken Greece, a senior German ruling coalition source said on Tuesday."The decision on help for Greece has been taken in principle within the euro zone," said the source.Various options were being considered and no decision had yet...
- News items 2010-02-09
- Opel Asks For 1.5 Billion Euros
- By Christiaan Hetzner and Matthias SobolewskiFRANKFURT/BERLIN (Reuters UK) - General Motors GM unit Opel has asked Germany for 1.5 billion euros (1.3 billion pounds) in state aid to fund some 4,000 job cuts in its home country that would help return Opel to profitability no later than 2012.Earlier on Tuesday,...
- News items 2010-02-09
- National Express CEO to Start Feb 15
- LONDON (Reuters UK) - Transport group National Express NEX said its new chief executive, Dean Finch, would take up his new role on February 15, slightly earlier than expected.Finch, who was announced as the new CEO in December, will move over from the London Underground contractor Tube Lines to take...
- News items 2010-02-09
- Lloyds to Close Irish Branches - Union
- DUBLIN/LONDON (Reuters UK) - Lloyds Banking Group Plc is to close its retail branch network in Ireland, although it will maintain a business presence, union Unite said Tuesday.Irish unit Bank of Scotland Ireland BoSI was originally part of lender HBOS, taken over by Lloyds after the latter ran into trouble...
- News items 2010-02-09
- Top Financial Regulator Quits
- By Kirstin Ridley and Clara Ferreira-MarquesLONDON (Reuters UK) - The top financial regulator is to step down, surprising markets and casting doubt over the future of the Financial Services Authority FSA and prospects for an overhaul of the sector.Hector Sants, a former investment banker, will leave the FSA just after...
- News items 2010-02-09
- EU Seeks Clampdown on Speculators
- By Julien Toyer and John O'DonnellSTRASBOURG (Reuters UK) - European Union lawmakers are calling for a clampdown on speculators and short-selling ahead of a meeting next week between EU financial markets chief Michel Barnier and EU finance ministers to discuss the issue.Finance ministers from the 27-country bloc will meet in...
- News items 2010-02-09
- Funds Trade More Often Than Claimed - Study
- LONDON (Reuters UK) - Market volatility during the credit crisis forced fund managers to trade shares more frequently than they told investors they would, raising concerns this could drive costs higher, a study showed on Tuesday.The study, by consultants Mercer and funded by the IRRC Institute, a not-for-profit organisation, found...
- News items 2010-02-09
- G7 Boosts Outlook, Lags Emerging Stars
- By Andy Bruce LONDON (Reuters UK) - The world's richest economies are set to grow faster this year than forecast a month ago, although the latest Reuters economic outlook showed the upturn will be feeble in comparison to resurgent emerging market peers.The monthly survey of around 250 economists showed upward...
- News items 2010-02-09
- Lamprell Shares Jump on Contract Win
- LONDON (Reuters UK) - Oil services firm Lamprell LAM has boosted its presence in the fast-growing wind sector by winning its biggest contracts this year from Norway's Fred Olsen FOE for turbine installation vessels.The news of the contracts, worth $320.4 million (204 million pounds), sent shares in UAE-based Lamprell soaring...
- News items 2010-02-09
- Sanctions Backed to Boost Loans
- LONDON (Reuters UK) - 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, MPs said in a report.Both part-nationalised Royal Bank of Scotland and rival Lloyds Banking Group, 43 percent state-owned, have indicated...
- News items 2010-02-09
- UBS Back to Profit in Fourth Quarter
- By Lisa JuccaZURICH (Reuters UK) - Swiss bank UBS UBSNUBS posted its first quarterly net profit since Oswald Gruebel took the helm a year ago but clients withdrew far more money than forecast, signalling he may need more time to steady the ship.UBS, left damaged by the credit crisis and...
- News items 2010-02-09
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