Sat, May 26, 2012, 3:40 PM EDT - U.S. Markets closed

Financial News from Reuters

  • * U.N. nuclear watchdog finds higher uranium trace in Iran * Upbeat U.S. consumer sentiment supports crude futures * Euro zone debt crisis worries keep day's gains slim * Coming up: API weekly U.S. inventory ...

  • JPMorgan Chase & Co is replacing Lou Lebedin after keeping him for just two months as the New York bank's sole global prime brokerage chief, Bloomberg News reported, citing unnamed people familiar with ...

  • Monitors show the value of the Facebook, Inc. stock before the closing bell at the NASDAQ Marketsite in New York

    Dead silence. For nearly 20 minutes on the morning of Facebook Inc's trading debut last Friday, the line Nasdaq had opened up to keep traders informed about the social media company's $16 billion IPO had ...

  • Islamists walk out of Algeria parliament in protest @ Reuters - 1 hour 16 minutes ago

    * Islamist lawmakers allege election was rigged* Algeria going against tide of "Arab Spring"* Prolonged boycott could hamper constitution reformBy Lamine Chikhi ALGIERS, May 26 (Reuters) - Islamist ...

  • J.P. Morgan replaces prime brokerage chief-report @ Reuters - 1 hour 18 minutes ago

    CHICAGO, May 26 (Reuters) - JPMorgan Chase & Co is replacingLou Lebedin after keeping him for just two months as the NewYork bank's sole global prime brokerage chief, Bloomberg Newsreported, citing unnamed ...

  • By Zelie PollonSanta Fe, N.M., May 26 (Reuters) - A blaze raged uncheckedfor a fourth day in the steep mountains of southwestern NewMexico on Saturday, one of several wildfires that have consumedmore than ...

  • Germany sets new solar power record, institute says @ Reuters - 1 hour 39 minutes ago

    * German solar plants produce as much power as 20 nuclearplants* Higher capacity and bright sunshine boost outputBy Erik Kirschbaum BERLIN, May 26 (Reuters) - German solar power plantsproduced a world ...

  • Final polls show Irish set to pass referendum Reuters - 2 hours 4 minutes ago

    Final opinion polls show that Irish voters are likely to give the green light to the European Union's new fiscal treaty, with the 'Yes' campaign leading comfortably ahead of the referendum on Thursday. ...

  • Ethiopia detains, quizzes U.S. journalist-VOA @ Reuters - 2 hours 6 minutes ago

    ADDIS ABABA, May 26 (Reuters) - Ethiopian authoritiesbriefly detained a journalist for Voice of America (VOA) and histranslator as he covered a dispute between Muslims and thegovernment in the capital ...

  • Four EU leaders set June 22 crisis talks Reuters - 2 hours 29 minutes ago

    The leaders of France, Germany, Spain and Italy will meet on June 22 to discuss the euro zone crisis, said a spokeswoman for the Spanish prime minister's office. "They've just confirmed the date," ...

  • Biden tells West Point cadets: prepare for new threats @ Reuters - 2 hours 29 minutes ago

    * Says ending Iraq, Afghanistan wars allows U.S. to refocus* U.S.-China relationship critical with trade booming* Salutes brave choices of "9/11 generation" soldiersBy Laura MacInnis WASHINGTON, ...

  • UPDATE 1-Four EU leaders set June 22 crisis talks @ Reuters - 2 hours 32 minutes ago

    PARIS/MADRID, May 26 (Reuters) - The leaders of France,Germany, Spain and Italy will meet on June 22 to discuss theeuro zone crisis, said a spokeswoman for the Spanish primeminister's office."They've ...

  • Japan says Fukushima spent-fuel risk contained @ Reuters - 2 hours 47 minutes ago

    By Kevin Krolicki and Kiyoshi Takenaka FUKUSHIMA, Japan, May 26 (Reuters) - Japanese officials saidon Saturday the unprecedented effort to remove spent fuel rodsfrom one of the crippled Fukushima nuclear ...

  • Serbian tells Putin he will not trade Kosovo for EU @ Reuters - 2 hours 49 minutes ago

    * Newly elected leaders of Serbia and Russia exchange praise* Serbia's Nikolic offers assurance he wants to be in EU* Putin says Russia ready to extend $800 infrastructure loanBy Maria TsvetkovaMOSCOW, ...

  • * Net profit 3.32 bln rupees vs 1.43 bln rupees consensus* Profit jump helped by sharp fall in depreciation andamortisation costs* Investors waiting for tower arm deal, unit IPO (Adds details)May 26 (Reuters) ...

  • (Corrects dateline to Manzanillo)* No injuries reported* Manzanillo port to reopen later SaturdayMANZANILLO, Mexico, May 26 (Reuters) - The remnants of thefirst hurricane of the 2012 season, Bud, dumped ...

  • * Capsule to return to Earth Thursday* SpaceX to deliver station cargo for NASA* 2nd freighter to debut this yearBy Irene KlotzCAPE CANAVERAL, Fla. May 26 (Reuters) - Astronauts aboardthe International ...

  • * No injuries reported* Manzanillo port to reopen later SaturdayMEXICO CITY, May 26 (Reuters) - The remnants of the firsthurricane of the 2012 season, Bud, dumped heavy rain alongMexico's coast early on ...

  • MIAMI, May 26 (Reuters) - Subtropical Storm Beryl churnedtoward the U.S. southeast coast on Saturday, threatening heavyrains and dangerous surf on Sunday to northeastern Florida,Georgia and South Carolina, ...

  • India's Telecom Commission will ask the sector regulator to analyse the potential impact of a proposed airwaves auction base price that is seen as too high and has drawn protests from carriers. The Commission ...

  • * Telecom Commision ask regulator to analyse impact ofproposed price* Telecom Commision endorses auction of 900 MHz band by June2013* Ministers panel has final say on airwave auction rulesNEW DELHI, May ...

  • A Greek flag flies behind a statue to European unity outside the European Parliament in Brussels

    Central banks and companies risk making a grave error if they do not brace for a possible Greek exit from the euro zone, Belgium's foreign minister said on Friday, rattling markets already alarmed by Spain's ...

  • The Swiss government has set up a working group to consider how to support the economy in the case of an escalation of the euro zone crisis, Economy Minister Johann Schneider-Amman was quoted as saying ...

  • A logo of the Blackberry maker's Research in Motion is seen on a building at RIM Technology Park in Waterloo

    Research In Motion Ltd is preparing for a major restructuring beginning in the next couple of weeks that will see it eliminate at least 2,000 jobs worldwide, the Globe and Mail reported on Saturday, citing ...

  • A man shouts slogans during a protest outside headquarters of Spain's fourth largest bank Bankia in Madrid

    Spain's fourth biggest lender, Bankia, on Saturday prepared to sell stakes it holds in companies to meet European competition rules after a state rescue that has so far cost 23.5 billion euros . Bankia's ...

  • * Article says major restructuring begins in next few weeks* Source tells Reuters job cuts could be much higher* BlackBerry maker had already slashed jobs in 2011By Alastair Sharp TORONTO, May 26 (Reuters) ...

  • May 26 (Reuters) - Reliance Communications,India's second-biggest mobile phone carrier by subscribers, saidon Saturday its fourth-quarter profit nearly doubled -- itsfirst profit rise in 11 quarters -- ...

  • * Swatch CEO wants franc at 1.30-1.35 per euro* SNB lost opportunity while without permanent head* Chinese Consumption not slowingZURICH, May 26 (Reuters) - The chief executive of SwatchGroup, the world's ...

  • * Conservative Interior Minister warns Greece before vote* Greece must honour promises, Friedrich saysBy Erik Kirschbaum BERLIN, May 26 (Reuters) - Germany will not "pour money intoa bottomless pit" ...

  • May 26 (Reuters) - DB Realty results for thequarter ended March 31. (Versus a year earlier, in million rupees unless stated) March 2012 March 2011 Net profit 203 81 Total income from ops 977 3,919 Total ...

  • TORONTO, May 26 (Reuters) - Research In Motion Ltd is preparing for a major restructuring beginning in the nextcouple of weeks that will see it eliminate at least 2,000 jobsworldwide, the Globe and Mail ...

  • ThyssenKrupp's Steel Americas business, which the company may put up for sale, will continue posting operating losses until at least next year, Chief Executive Heinrich Hiesinger told a German newspaper. ...

  • FRANKFURT, May 26 (Reuters) - ThyssenKrupp's SteelAmericas business, which the company may put up for sale, willcontinue posting operating losses until at least next year,Chief Executive Heinrich Hiesinger ...

  • * Capsule to return to Earth Thursday* SpaceX to deliver station cargo for NASA* 2nd freighter to debut this yearBy Irene KlotzCAPE CANAVERAL, Fla. May 26 (Reuters) - Astronauts aboardthe International ...

  • By Mike Collett-White CANNES, France, May 26 (Reuters) - "Mud", a touchingcoming-of-age tale set on the Mississippi River and starringMatthew McConaughey and Reese Witherspoon, brought the Cannesfilm ...

  • By Jesús AguadoMADRID, May 26 (Reuters) - Spain's Bankia onSaturday prepared to sell stakes it holds in companies as partof its clean-up after a state rescue of the real estate-ladenbank that has so far ...

  • By Alexandria Sage CANNES, France, May 26 (Reuters) - The "Arab Spring" is thefocus of two movies at Cannes this year as film makers presenttentative steps towards democracy on the big screen, ...

  • (Adds background and context)By Marcus GeorgeDUBAI, May 26 (Reuters) - Iran has played down a UnitedNations report that said Iranian nuclear scientists had enricheduranium to a higher-than-expected level, ...

  • Perceived differences between France and Germany over how to solve Europe's debt crisis are "largely overstated", International Monetary Fund chief Christine Lagarde said in an interview published ...

  • PARIS, May 26 (Reuters) - The leaders of France, Germany,Spain and Italy will meet in Rome on June 22 to discuss the eurozone crisis, the French newspaper Le Figaro said on Saturday,citing Italian government ...

  • The extent of potential losses at Spain's Bankia, which has been rescued by the state to the tune of 23.5 billion euros, cannot be extrapolated to the country's banking system as a whole, Chairman Jose ...

  • MADRID, May 26 (Reuters) - The extent of potential losses atSpain's Bankia, which has been rescued by the state tothe tune of 23.5 billion euros, cannot be extrapolated to thecountry's banking system as ...

  • People walk behind the logo of Swiss bank UBS in Zurich

    UBS AG could see up to 10 percent of its European assets of 300 billion Swiss francs moved out due to pressure to clamp down on untaxed accounts, the head of the wealth management business was quoted as ...

  • FRANKFURT, May 26 (Reuters) - European aerospace and defencecompany EADS would have to rethink its cost structureif the euro zone collapsed and Europe returned to a system ofnational currencies, outgoing ...

  • The logo of Renesas Electronics is seen at its headquarters in Tokyo

    Japanese chipmaker Renesas Electronics Corp plans to sell off loss-making operations and cut its payroll by at least 12,000, a source close to the matter told Reuters on Saturday, as the company battles ...

  • * Renesas plans to sell system chip plant, mobile unit-source* Taiwan's TSMC plans to buy north Japan chip plant -Nikkei* Renesas hopes to raise more than $1.3 billion forrestructuring* To cut payroll ...

  • By Rodrigo Campos and John McCrank May 25 (Reuters) - Dead silence.For nearly 20 minutes on the morning of Facebook Inc's trading debut last Friday, the line Nasdaq had opened upto keep traders informed ...

  • By Marcus GeorgeDUBAI, May 26 (Reuters) - Iran played down a United Nationsreport that said Iranian nuclear scientists had enriched uraniumto a higher-than-expected level, state media reported onSaturday."This ...

  • The United States and Japan need to tackle their tax issues and China must relax restrictions on the yuan as they share responsibility with Europe for restoring global economic health, EU leaders said ...

  • * EU says United States needs to avoid "fiscal cliff"* EU leaders reiterate want Greece to stay in euro* Say on track with IMF reforms* G20 summit set to seek balance between growth, austerityBy ...

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