Mon, May 28, 2012, 5:36 PM EDT - U.S. Markets closed for Memorial Day

Financial News from Reuters

  • Philadelphia Federal Reserve President Charles Plosser speaks at an Economics21 event in New York

    The United States is well poised to withstand any fallout from Europe's escalating debt crisis, a top Federal Reserve executive told the Wall Street Journal. Charles Plosser, president of the Federal Reserve ...

  • * EFSF, IMF should guarantee Spain financial assistance* Cenbanker sees Europe moving to "fiscal consolidationlight"LIMA, May 28 (Reuters) - Spain could count on a firewall ofinternational funding ...

  • LIMA (Reuters) - State-run Petroperu said on Monday it plans to use capital earned through an initial public offering and a possible debt sale to finance a $1.7 billion expansion of its largest petroleum ...

  • * TSX down 10.32 pts, or 0.1 pct, at 11,566.15 * CP among top decliners as strike enters 6th day * Spanish bank woes rattle markets * China, Greek hopes help contain losses By Jon Cook TORONTO, May 28 ...

  • To match Feature IRAN-INTERNET/

    Security experts have discovered a highly sophisticated computer virus in Iran and other Middle East countries that they believe was deployed at least five years ago to engage in state-sponsored cyber ...

  • By Emi Emoto and Soyoung Kim TOKYO/NEW YORK (Reuters) - Japanese trading house Marubeni Corp (8002.T: Quote , Profile , Research , Stock Buzz ) is nearing a deal to buy U.S. grains merchant Gavilon for ...

  • Man walks past a sign of Marubeni Corp at the company's head office in Tokyo

    Japanese trading house Marubeni Corp is nearing a deal to buy U.S. grains merchant Gavilon for more than $5 billion including debt and could announce the transaction as early as Tuesday afternoon in Tokyo, ...

  • * Takeover announcement could come on Tuesday* Marubeni, Gavilon have been in talks since early May* Gavilon's owners include George SorosBy Emi Emoto and Soyoung Kim TOKYO/NEW YORK, May 28 (Reuters) - ...

  • TORONTO, May 28 (Reuters) - The publisher of Canada'slargest chain of daily newspapers will cut costs by droppingsome Sunday editions, charging online fees for several titlesand cen tralizing more editorial ...

  • * C$ ends at C$1.0238 vs US$, or 97.68 U.S. cents * Outperforms most G10 currency peers * Bond prices fall across the curve By Jennifer Kwan TORONTO, May 28 (Reuters) - Canada's dollar climbed againstits ...

  • RIO DE JANEIRO, May 28 (Reuters) - Brazilian federalprosecutors in the country's state of Para have asked a court tosuspend operations at Vale's Onca Puma nickel project in theBrazilian Amazon.The prosecutors ...

  • By Zelie PollonSANTA FE, N.M., May 28 (Reuters) - Firefighters in NewMexico were working on Monday to protect several Depression-eralandmarks from a blaze burning through the rugged high countryof the ...

  • Spanish debt costs spiral as crisis deepens Reuters - 1 hour 3 minutes ago

    Spanish 10-year borrowing costs neared the 7 percent danger level and Bankia shares hit record lows on Monday after the government, struggling to sort out its finances, proposed putting sovereign debt ...

  • CANADA STOCKS-TSX rally fizzles on Spain, railways @ Reuters - 1 hour 19 minutes ago

    TORONTO, May 28 (Reuters) - Canada's main stock indexfinished down for the first time in five sessions in U.S.holiday-thinned trade on Monday, as losses from Canada's twolargest railways and fears about ...

  • Xstrata committed to Peru despite protest Reuters - 1 hour 25 minutes ago

    Protests at Xstrata's Tintaya copper mine in southern Peru have blocked transport links, but it is operating normally and its port on the Pacific coast has stocks of concentrates for the time being, a ...

  • * Journalist appears at ease with kidnappers* FARC rebels have vowed to release reporter on Weds.BOGOTA, May 28 (Reuters) - Colombian FARC rebels on Mondayreleased a proof of life video in which a kidnapped ...

  • Royal Dutch Shell Plc has put an Alberta oil sands project on the block, six years after acquiring it as part of a C$2.4 billion acquisition near the height of the last Canadian energy boom. Shell aims ...

  • Spain's Repsol shakes up management, still no CEO @ Reuters - 1 hour 28 minutes ago

    MADRID, May 28 (Reuters) - Spanish oil major Repsol said on Monday it was remodelling its management structure butstopped short of creating the post of chief executive.Many corporate governance experts ...

  • Brazil's PDG Realty jumps on offer of new capital @ Reuters - 1 hour 29 minutes ago

    By Vivian Pereira and Brad HaynesSAO PAULO (Reuters) - Shares of PDG Realty (PDGR3.SA: Quote , Profile , Research , Stock Buzz ), Brazil's biggest homebuilder, jumped on Monday after a local private-equity ...

  • Shares of PDG Realty , Brazil's biggest homebuilder, jumped on Monday after a local private-equity firm offered to shore up the company's balance sheet as it confronts tighter credit and rising debt levels. ...

  • The logo of Spain's Bankia bank is seen on a wall of one of its branches in Madrid

    BFA, the parent group of nationalized Spanish bank Bankia , said on Monday it had restated its 2011 results to reflect a 3.3 billion euro loss, rather than a 41 million euro profit, following a bailout ...

  • DIARY - Today in Washington - May 29 @ Reuters - 1 hour 36 minutes ago

    ALL TIMES IN EDT/GMT----------------------------------------------------------No set time: Intuit Small Business Employment Index for May.1100/1500: The USDA releases weekly U.S. export inspectionsfor ...

  • * Vinci Partners proposes $405 million capital injection* Buyout firm says fresh capital could help pay down debts* PDG shares up 7.5 pct, leading Bovespa's homebuilder rallyBy Vivian Pereira and Brad ...

  • RIM's top lawyer joins parade of resignations Reuters - 1 hour 38 minutes ago
    One of the women uses a mobile phone as they walk at the Blackberry maker's Research in Motion RIM campus in Waterloo

    The top lawyer at Research In Motion Ltd has resigned and will soon leave the struggling BlackBerry maker, RIM said on Monday, joining a parade of long-time company executives to depart since Thorsten ...

  • Factbox: Five facts about "Flame" Reuters - 1 hour 39 minutes ago

    Researchers may have gleaned new information about the extent to which nations are engaged in cyber warfare with the discovery of a virus known as Flame. Kaspersky Lab, which on Monday claimed credit for ...

  • Argentina targets mining firms in import crackdown @ Reuters - 1 hour 47 minutes ago

    * Mining companies must get government approval for imports* Gov't wants to foment local service providers to industry* President boosting import controls to bolster tradesurplusBUENOS AIRES, May 28 (Reuters) ...

  • Former Bank of Italy Governor Antonio Fazio smiles after he attended Pope's Benedict XVI general audience in St. Peter's square at the Vatican

    An appeals court sentenced former Bank of Italy governor Antonio Fazio to two-and-a-half years in jail on Monday for trying to thwart a foreign takeover of local lender Banca Antonventa in 2005, a scandal ...

  • Canada rail bill to impose binding arbitration @ Reuters - 2 hours 0 minutes ago

    OTTAWA, May 28 (Reuters) - The Canadian government'slegislation to force striking employees of Canadian PacificRailway Ltd back to work will impose binding arbitrationon the parties.Provisions of the bill, ...

  • (Adds details, Fazio to appeal)By Sara RossiMILAN, May 28 (Reuters) - An appeals court sentenced formerBank of Italy governor Antonio Fazio to two-and-a-half years injail on Monday for trying to thwart ...

  • Damascus merchants strike over Houla killings @ Reuters - 2 hours 32 minutes ago

    By Khaled Yacoub OweisAMMAN, May 28 (Reuters) - Sunni Muslim businesses closed inOld Damascus on Monday in the biggest act of civil disobedienceby the capital's merchant class, a backbone of support forPresident ...

  • Fukushima radiation seen in tuna off California @ Reuters - 2 hours 36 minutes ago

    * Miniscule amounts of radioactive cesium detected* Not thought to be dangerous for human consumption* Tuna may transport radiation faster than wind or waterBy Deborah Zabarenko WASHINGTON, May 28 (Reuters) ...

  • FEATURE-Spring revival for America's housing market @ Reuters - 2 hours 36 minutes ago

    By Leah Schnurr and Jilian Mincer NEW YORK, May 28 (Reuters) - Kate Carpenter and her husbandwaited for two years before sensing the time was right to lookto buy a home in the suburbs of New York."This ...

  • May 29 (Reuters) - Japanese electronics group Panasonic Corp plans to nearly halve its headquarters divisionworkforce through early retirement and transfers tosubsidiaries, Nikkei business daily said.The ...

  • UPDATE 2-Top Greek banks handed 18 bln euros support @ Reuters - 2 hours 47 minutes ago

    * HFSF disburses 18 bln euros of EFSF bonds* NBG, Eurobank, Alpha, Piraeus to regain access to ECBfundingBy Lefteris Papadimas and George GeorgiopoulosATHENS, May 28 (Reuters) - Greece handed 18 billion ...

  • UPDATE 2-Ranbaxy gets U.S. OK for acne treatment @ Reuters - 2 hours 51 minutes ago

    * Ranbaxy sees U.S. launch of Absorica in Q4* Cipher, Galephar Pharma to get $9 mln milestone fee* Cipher to draw royalty on sales from Ranbaxy* Cipher shares jump 58 pct to a 4-year high on TSXMay 28 ...

  • Gold prices slightly lower as euro slips Reuters - 2 hours 54 minutes ago
    To match Feature GOLD PEOPLE

    Gold prices were slightly lower on Monday afternoon, giving back some earlier gains after the euro slipped into negative territory versus the dollar in U.S. holiday-thinned trade, but the precious metal ...

  • Brazil stocks gain 2 pct on Greek election outlook @ Reuters - 2 hours 55 minutes ago

    SAO PAULO, May 28 (Reuters) - Brazilian stocks gained over 2percent on Monday as opinion polls in Greece showed pro-bailoutparties regaining their lead against anti-austerity opponents,easing investor ...

  • PRECIOUS-Gold prices slightly lower as euro slips @ Reuters - 2 hours 56 minutes ago

    * Euro gives up early gains to slip 0.2 pct vs dollar* Stresses in European banking system still spook markets* Increase in gold shorts outpaces gains in longs - CFTC (Updates prices, adds NEW YORK to ...

  • * Venezuela tanker hit sandbank-sources* Will be in dry dock for about 40 daysBy Marianna ParragaCARACAS, May 28 (Reuters) - A tanker operated by Venezuela'sstate oil company PDVSA damaged its hull hitting ...

  • Containers filled with oil cleaned up from the oil spill site are seen at Beilianggang port in Dalian

    Oil rose above $107 per barrel on Monday as fears of a euro zone break-up receded, but Middle East oil supply worries resurfaced after minimal progress in talks over Iran's nuclear program. Opinion polls ...

  • * Greece opinion polls support pro-bailout government* Euro off two-year lows as Greece exit fears ease* Lack of progress in Iran nuclear talks underpin pricesBy Christopher Johnson LONDON/NEW YORK, May ...

  • HARARE, May 28 (Reuters) - BBC radio presenter PetrocTrelawny, being treated in a Zimbabwe hospital for a fracturedarm, will not be prosecuted and is free to fly home, his lawyertold Reuters on Monday.Zimbabwean ...

  • LOS ANGELES, May 28 (Reuters) - Following are the top 10movies at North American box offices for the four-day MemorialDay holiday weekend starting May 25, led by "Men in Black 3" atNo. 1, a c ...

  • * Orion pumps 5,000 bpd from 22 well pairs* Came with acquisition of Blackrock in 2006* Bids due mid- to late JulyBy Jeffrey Jones and Scott Haggett CALGARY, Alberta, May 28 (Reuters) - Royal Dutch Shell ...

  • OTTAWA, May 28 (Reuters) - Canada's government is aiming torestore Canadian Pacific Railway Ltd services byThursday after it introduces legislation on Monday to forcestriking workers back to work."From ...

  • TORONTO, May 28 (Reuters) - Royal Bank of Canada will register a C$180 million ($175.57 million) boost to itsthird-quarter results after resolving a tax dispute with CanadaRevenue Agency in the bank's ...

  • The case for unfair dismissal brought by former Olympus CEO Michael Woodford following the uncovering of one of Japan's biggest corporate frauds was delayed on Monday, sparking talk of an out-of-court ...

  • By Simon Meads and Kirstin Ridley LONDON, May 28 (Reuters) - The case for unfair dismissalbrought by former Olympus CEO Michael Woodford following theuncovering of one of Japan's biggest corporate frauds ...

  • PBG extends debt talks with banks @ Reuters - 3 hours ago

    WARSAW, May 28 (Reuters) - Polish builder PBG hasextended a deadline on a debt restructuring deal with itslenders and broadened its scope to include its financing needsover the next year, it said on Monday.The ...

  • * Karima Bawa ran RIM's litigation, commercial agreements* RIM to trim to near 10,000 staff by early 2013 - sourcesBy Alastair Sharp TORONTO, May 28 (Reuters) - The top lawyer at Research InMotion Ltd ...

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