News archive from 21 December 2011

No breakthrough on gas as Russia, Ukraine PMs meet

"We need to seek a compromise, a mutually beneficial decision," Azarov said after the talks at Putin's Novo Ogaryovo residence outside Moscow. "I hope that today's talks will give a decisive impulse in the search for a final...

 
Cuban banks begin offering loans to private businesses

Cuban banks begin offering loans to private businesses

Banks in Cuba have begun offering loans to individual citizens, in the latest free-market reform in the communist-run island. The loans are aimed at the growing number of small businesses and the self-employed, as well as farmers and people building...

BBC, 22:33 in Business
 
Nike profits from increased sales

Nike profits from increased sales

Sportswear maker Nike saw its second-quarter income rise, helped by strong demand for its branded products. The world's biggest sports clothing maker earned $469m (£300m; 359m euros), up from $457m for the same quarter a year ago. Revenue at Nike...

BBC, 22:33 in Business
 
Exclusive: Amazon weighed buying RIM but interest cooled:sources

Exclusive: Amazon weighed buying RIM but interest cooled:sources

Amazon hired an investment bank this summer to review a potential merger with RIM, but it did not make a formal offer, said one of the sources. It is not clear whether informal discussions between Amazon and RIM ever led to specific price talk, or who...

 

Financial advisers see social media benefits decline: survey

Out of the 437 advisers surveyed, only 19 percent said social media was useful for reaching new prospective clients -- roughly half the number from two years ago, when it was considered a leading benefit. "Social media has been over-hyped and the...

 

Exclusive - Amazon weighed buying RIM but interest cooled-sources

Amazon hired an investment bank this summer to review a potential merger with RIM, but it did not make a formal offer, said one of the sources. It is not clear whether informal discussions between Amazon and RIM ever led to specific price talk, or who...

 
Analysis: AT&T may eye Dish or Clearwire deals next

Analysis: AT&T may eye Dish or Clearwire deals next

AT&T said its $39 billion proposal to buy T-Mobile USA was motivated solely by its spectrum shortage, so the No. 2 U.S. mobile service now needs to look for another acquisition to bolster its wireless airwaves holdings. AT&T is already seeking...

 
Analysis: EA bets big on Jedis and Wookies

Analysis: EA bets big on Jedis and Wookies

If it succeeds, the game, which features the Star Wars movies' familiar Jedis, Wookies, and Siths, could bring EA riches for years to come. If it fails, EA's earnings will be hurt in future quarters. "A lot is at stake for EA," said Robert...

 

Microsoft says ITC judge finds against Motorola

"ITC finds Motorola patent infringement in Microsoft case. Another indication that licensing is the best path for the industry," tweeted Smith. The case at the ITC is No. 337-744. (Reporting By Diane Bartz)

 
ZUBAR RESCUES POINT FOR WOLVES

ZUBAR RESCUES POINT FOR WOLVES

Wolves twice came from behind to rescue a precious 2-2 draw in their battle for Barclays Premier League survival against Norwich at Molineux. Former Wolves midfielder Andrew Surman broke the deadlock only for Sylvan Ebanks-Blake, who replaced the...

Daily Star, 23:15 in Sport
 
Analysis - AT&T may eye Dish or Clearwire deals next

Analysis - AT&T may eye Dish or Clearwire deals next

AT&T said its $39 billion (24.9 billion pound) proposal to buy T-Mobile USA was motivated solely by its spectrum shortage, so the No. 2 U.S. mobile service now needs to look for another acquisition to bolster its wireless airwaves holdings....

Reuters, 23:30 in Business
 
US Federal Reserve proposes stricter rules for banks

US Federal Reserve proposes stricter rules for banks

The US Federal Reserve has proposed new rules for large US banks aimed at strengthening the financial system against another collapse. Banks with more than $50bn in assets will have to increase the minimum amount of cash they hold. The largest...

BBC, 23:36 in Business
 
Analysis - Russia's wealth gap wounds Putin

Analysis - Russia's wealth gap wounds Putin

At the age of 44 he is part of Russia's new generation of rich bankers, but is too cautious to let his full name be published in a country where the wealth gap generates anger and resentment. Pensioner Lyudmila Rybakova can only dream of such a...

 
All you need is Stacy! George Clooney leaves girlfriend Keibler at home as he accompanies Cindy Crawford on Mexican holiday

All you need is Stacy! George Clooney leaves girlfriend Keibler at home as he accompanies Cindy Crawford on...

Cindy is another repeat visitor to Cabo San Lucas, and at 45 has retained a bikini body well worth showing off. More... Love on the high seas! Sporty Stacy Keibler hits the waves during Mexican getaway with boyfriend George Clooney Newlyweds Molly...

 

Jabil sees Q2 largely below estimates, shares fall

Jabil, which supplies to Cisco Systems (CSCO.O), Hewlett-Packard (HPQ.N), IBM Corp (IBM.N) and Nokia Corp (NOK1V.HE), sees a 14 percent decline in its high velocity segment (HVS), which brings in more than one-thirds of its revenue. The company, which...

 


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