Sunday, January 6, 2013

Yahoo! News: Business

Yahoo! News: Business

Google pact with FTC could affect other patent disputes

Posted: 06 Jan 2013 09:29 AM PST

A neon Google logo is seen at the new Google office in TorontoNEW YORK (Reuters) - While the focus of last week's agreement between the Federal Trade Commission and Google Inc was search, the deal's restrictions on how Google uses its patents could have a broader impact on the technology industry. Under the deal, which ended an antitrust investigation by the FTC and disappointed many critics, Google will make only minor changes to its search business. But Google is also now limited in when it can seek injunctions against products from rival companies that use certain of its patents. ...

Citi's Corbat builds bridges with regulators

Posted: 06 Jan 2013 10:36 AM PST

A Citi sign is seen at the Citigroup stall on the floor of the New York Stock Exchange(Reuters) - Citigroup Inc's Michael Corbat has been meeting with bank regulators in his first months as CEO, as he looks to bolster relationships and finalize the bank's plan to return capital to shareholders, sources familiar with the matter said. Corbat also expects to name his team of top managers within the next week or so, one of the sources said on Sunday. Corbat is expected to play it safe when Citigroup asks the U.S. Federal Reserve for permission for moves such as buying back shares or increasing dividends, analysts and investors said. ...

Regulators ease key bank rule to spur credit

Posted: 06 Jan 2013 12:51 PM PST

The Governor of the Bank of England Mervyn King speaks to the Economic Club of New York in New YorkBASEL, Switzerland/LONDON (Reuters) - Global regulators gave banks four more years and greater flexibility on Sunday to build up cash buffers so they can use some of their reserves to help struggling economies grow. The pull-back from a draconian earlier draft of new global bank liquidity rule to help prevent another financial crisis went further than banks had expected by allowing them a broader range of eligible assets. ...

Riches in niches: U.S. cops, in-flight movies may be model for Panasonic survival

Posted: 06 Jan 2013 12:54 PM PST

Panasonic Toughpad and handheld Toughbook model are displayed at the company's IT products headquarters in MoriguchiTOKYO (Reuters) - Panasonic Corp's answer to the brutal onslaught on its TV sales may be in a product the Japanese firm launched 17 years ago and which is a must-have for U.S. police cars. Two thirds of the 420,000 patrol cars in the United States are equipped with the company's rugged Toughbook computers, and Panasonic chief Kazuhiro Tsuga sees the niche product as a model for how the sprawling conglomerate can make money beyond a gadget mass market increasingly dominated by Samsung Electronics and Apple Inc. ...

DOJ pledges to respect Swiss law in tax probe: paper

Posted: 06 Jan 2013 04:29 AM PST

File photo of a logo of Swiss bank Credit Suisse pictured at the company's headquarters in ZurichZURICH (Reuters) - Swiss chief finance diplomat Michael Ambuehl was given a verbal pledge from the U.S. Department of Justice to respect Swiss law when asking for bank client data of potential tax dodgers, a newspaper reported on Sunday. Switzerland is in negotiations with U.S. authorities to find a deal that would end tax probes into at least ten Swiss banks suspected of helping clients dodge taxes, including Credit Suisse and Julius Baer. ...

Air France-KLM in advanced talks for Alitalia: report

Posted: 06 Jan 2013 05:10 AM PST

An Alitalia airplane is seen at the airport in CairoROME (Reuters) - Franco-Dutch carrier Air France-KLM is in "advanced" talks to take control of Italy's flagship airline Alitalia by the summer, Rome's Messaggero newspaper reported on Sunday without citing its sources. Alitalia is owned by CAI, a consortium of investors that bought the then-bankrupt airline in 2008. CAI is already partly owned by Air France-KLM. Alitalia's shareholders can exercise options to trade their shares when a lock-up period ends on January 12. ...

Volkswagen to push used car sales in Germany: paper

Posted: 06 Jan 2013 04:46 AM PST

Old Volkswagen emblems are displayed with other car companies logos at antique market in Olszyny near Szczytno, northern PolandFRANKFURT (Reuters) - Volkswagen will expand its business of selling used approved cars in Germany, its head of sales and marketing for passenger cars told industry publication Automobilwoche. Raising the quality of second-hand VW vehicle sales in Europe's largest economy is key to improving sales margins and increasing the frequency of client contact, which may in turn boost new car sales, Thomas Zahn said. (Reporting By Edward Taylor; Editing by Mike Nesbit)

Egypt says to reassure IMF on economy, government plans

Posted: 06 Jan 2013 05:43 AM PST

CAIRO (Reuters) - Egypt will seek to reassure an IMF delegation about the state of the economy and government plans on Monday, Prime Minister Hisham Kandil said in remarks reported by the state news agency. The government would also explain Cairo's reasons for postponing conclusion of a deal to secure a $4.8-billion loan from the IMF, he said. The government would assure IMF officials about the "soundness of the government's orientation and the ability of the Egyptian economy to recover," Kandil said. (Writing by Tom Perry; Editing by Janet Lawrence)

Anglo close to naming AngloGold's Cutifani as CEO

Posted: 06 Jan 2013 07:32 AM PST

LONDON (Reuters) - Global miner Anglo American is close to appointing Australian Mark Cutifani, head of gold miner AngloGold Ashanti , as its new chief executive, two sources familiar with the situation said. If the appointment is finalized, Cutifani will replace Cynthia Carroll in what analysts and investors see as one of the toughest jobs in the business, joining Anglo as it tackles restive unions in South Africa, restructures its platinum arm and tries to recover from delays that have driven up the cost of a flagship iron ore project in Brazil. ...

Global regulators agree on bank asset rules

Posted: 06 Jan 2013 10:45 AM PST

BERLIN (AP) — International banking regulators agreed Sunday on global rules meant to ensure banks keep enough cash in hand to survive future market crises, and gave banks until 2019 to comply fully.

Lenovo to release giant 27-inch 'coffee table PC'

Posted: 06 Jan 2013 03:36 PM PST

An image provided by Lenoovo shows the IdeaCentre Horizon Table PC that they say is the first "interpersonal computer." It is a PC the size of a coffee table that works like a gigantic tablet and lets four people use it at once. (AP Photo/Lenovo)LAS VEGAS (AP) — Dismayed that family members are spread out over the house, each with a separate PC or tablet? Lenovo has something it believes will get them back together: a PC the size of a coffee table that works like a gigantic tablet and lets four people use it at once.

No movement: Lawmakers dig in heels on debt crisis

Posted: 06 Jan 2013 12:58 PM PST

House Minority Leader Nancy Pelosi of Calif. applauds after handing the gavel to House Speaker John Boehner of Ohio who was re-elected as House Speaker of the 113th Congress, Thursday, Jan. 3, 2013, on Capitol Hill in Washington. (AP Photo/Susan Walsh)WASHINGTON (AP) — Congressional leaders on Sunday showed no signs of emerging from their corners to resolve the next step in the financial crisis, with Democrats still talking about higher taxes on the wealthy and the Senate's top Republican suggesting that a crippling default on U.S. loans was possible unless there were significant cuts in government spending.

Obama signs bill for Sandy flood insurance claims

Posted: 06 Jan 2013 09:36 AM PST

WASHINGTON (AP) — President Barack Obama has signed into law a $9.7 billion bill to pay flood insurance claims from Superstorm Sandy.

Money for college athletes: not if, but how

Posted: 06 Jan 2013 01:26 PM PST

Alabama head coach Nick Saban and Notre Dame head coach Brian Kelly pose with The Coaches' Trophy during a news conference for the BCS National Championship college football game Sunday, Jan. 6, 2013, in Miami. (AP Photo/John Bazemore)MIAMI (AP) — After decades when paying college athletes was thought to violate the spirit of amateurism, the enormous television revenue generated by sports — football and basketball in particular — and the long hours of work by the players have changed the debate.

HBO will continue screening Universal movies

Posted: 06 Jan 2013 03:10 PM PST

NEW YORK (AP) — HBO has renewed its deal with Universal Pictures to be the exclusive pay-TV provider of the studio's movies for another decade, the companies said on Sunday. Financial terms of the agreement were not disclosed.

Egypt shakes up Cabinet, appoints 10 new ministers

Posted: 06 Jan 2013 12:14 PM PST

In this image released by the Egyptian Presidency, President Mohammed Morsi, center, meets with his cabinet including 10 new ministers after their swearing in at the presidential palace in Cairo, Egypt, Sunday Jan. 6, 2013. Egypt's government swore in 10 new ministers on Sunday in a Cabinet shake-up aimed at improving the government's handling of the country's struggling economy as foreign reserves levels slid closer to $15 billion, just enough to cover three months' worth of imports. (AP Photo/Egyptian Presidency)CAIRO (AP) — Egypt swore in 10 new ministers on Sunday in a Cabinet shake-up aimed at improving the government's handling of the country's ailing economy ahead of talks this week with the International Monetary Fund over a badly needed $4.8 billion loan.

'Chainsaw 3-D' carves out No. 1 debut with $23M

Posted: 06 Jan 2013 12:26 PM PST

This undated publicity film image from Lionsgate shows Alexandra Daddario, left, as Heather Miller in a scene from "Texas Chainsaw 3-D," releasing in theaters on Friday, January 4, 2013. (AP Photo/Lionsgate, Justin Lubin)LOS ANGELES (AP) — It took Leatherface and his chainsaw to chase tiny hobbit Bilbo Baggins out of the top spot at the box office.
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)