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Denmark

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  • News Summary: Marlboro maker Altria 3Q profit down Thursday, 25 Oct 2012 | 9:46 AM ET

    THE RESULTS: Marlboro maker Altria Group Inc.' s third-quarter net income fell 44 percent to of $657 million on charges for a loss on early extinguishment of debt. Revenue, excluding excise taxes, rose about 3 percent to $4.46 billion. OTHER TOBACCO: Volumes of its smokeless tobacco brands such as Copenhagen and Skoal rose nearly 6 percent.

  • FOREX-Euro dragged down by weakening German data Wednesday, 24 Oct 2012 | 11:57 AM ET

    LONDON, Oct 24- The euro fell to a one-week low against the dollar on Wednesday after worse-than-expected German business activity and sentiment data fuelled concerns of weakness in the euro zone's largest economy.

  • *More countries follow lead set by Britain and Italy. LONDON, Oct 24- Fifty percent off the first three months of cancer medicine. ``Special offers'' on prescription medicines are all the rage in state-backed healthcare systems across Europe as governments struggle to balance the books.

  • EU: Spain, Italy putting EU emissions cuts at risk Wednesday, 24 Oct 2012 | 7:28 AM ET

    COPENHAGEN, Denmark-- Debt-ridden Spain and Italy could hinder the European Union from achieving its goal of cutting greenhouse emissions under an international climate pact, the EU's environmental agency said Wednesday.

  • BRUSSELS, Oct 23- European Union countries will examine a plan this week to allow the ECB to supervise banks in states outside the euro zone alongside those within the currency area, according to an EU document that lays down limits on the central bank's role.

  • Netflix slashes its forecast for subscriber gains Tuesday, 23 Oct 2012 | 5:16 PM ET

    LOS ANGELES-- Netflix slashed its prediction for how many U.S. video-streaming subscribers it would add this year after subpar third-quarter results, causing a sharp sell-off in its stock in after-hours trading.

  • Oil below $92 amid US supplies rise, China growth Thursday, 18 Oct 2012 | 7:28 AM ET

    By early afternoon in Europe, benchmark oil for November delivery was down 21 cents at $91.91 a barrel in electronic trading on the New York Mercantile Exchange. Brent crude, which is used to price international varieties of oil, was down 47 cents to $112.86 per barrel on the ICE Futures exchange in London.

  • Parker Hannifin to buy Sea Recovery, no terms Wednesday, 17 Oct 2012 | 3:10 PM ET

    CLEVELAND-- Parker Hannifin Corp., which makes industrial hoses, airplane wheels and other products, said Wednesday that it has agreed to buy Sea Recovery from Denmark's Danfoss A/S. Cleveland- based Parker Hannifin will assume ownership of the business on Nov. 1. Parker Hannifin shares rose $1.85, or 2.3 percent, to $83.82 in afternoon trading Wednesday.

  • Danish c.bank signs $6.7 bln IMF loan deal Friday, 12 Oct 2012 | 7:42 AM ET

    COPENHAGEN, Oct 12- Denmark's central bank said on Friday it had signed a bilateral loan agreement with the International Monetary Fund worth 40 billion Danish crowns to help boost the IMF's resources.

  • *Says market has slowed in the United States. COPENHAGEN, Oct 12- Danish wind turbine maker Vestas said the impending expiry of a U.S. tax credit had exacerbated a fall in orders for next year, forcing it to make more than 800 job cuts in the United States and Canada so far this year.

  • Euribor rates steady, pausing after year-long slide Friday, 12 Oct 2012 | 5:23 AM ET

    FRANKFURT, Oct 12- Key Euribor bank-to-bank lending rates steadied on Friday, as the prospect faded of the European Central Bank loosening policy further with an interest rate cut. ,traditionally the main gauge of unsecured bank-to-bank lending, was unchanged at 0.210 percent.

  • OSLO, Oct 12- Stronger winds and lower consumption will drag down Nordic spot power prices for the weekend, analysts at Point Carbon said on Friday. Saturday delivery was expected to ease to 32.5 euros per MWh and to 32.4 euros on Sunday, compared with 36.6 euros on Friday.

  • *Maersk Line to cut Asia to Europe capacity further. COPENHAGEN, Oct 12- Danish oil and shipping group A.P. Moller-Maersk said on Friday its container shipping unit would cut further capacity on the core Asia to Europe trade following low demand which shows no sign of improving.

  • Vestas says 2013 U.S. orders fall on tax uncertainty Friday, 12 Oct 2012 | 4:29 AM ET

    COPENHAGEN, Oct 12- Danish wind turbine manufacturer Vestas on Friday said uncertainty surrounding a U.S. Production Tax Credit had led to a fall in turbine orders for next year in the country.

  • Maersk cuts Asia to Europe capacity on low demand Friday, 12 Oct 2012 | 4:07 AM ET

    COPENHAGEN, Oct 12- Danish oil and shipping group A.P. Moller-Maersk said on Friday it would cut further capacity on the core Asia to Europe trade on the back of low demand.

  • New Orleans Film Fest opens with 'The Paperboy' Thursday, 11 Oct 2012 | 7:34 PM ET

    NEW ORLEANS-- Louisiana- made films are being shown alongside the work of filmmakers from across the world at the New Orleans Film Festival, which opened Thursday night with a red-carpet showing of the Louisiana- shot thriller "The Paperboy."

  • PensionDanmark invests in infrastructure to boost returns Thursday, 11 Oct 2012 | 11:00 AM ET

    COPENHAGEN, Oct 11- PensionDanmark became the latest manager of retirement funds to branch out in the hunt for higher returns, saying it would invest 1.6 billion euros in energy infrastructure in Europe and the United States.

  • OSLO, Oct 11- Nordic spot power prices were expected to fall on higher wind output and lower export capacity to Germany, analysts at Point Carbon said on Thursday.

  • NORDIC STOCKS - Factors to watch on Oct 11 Thursday, 11 Oct 2012 | 1:57 AM ET

    HELSINKI, Oct 11- The following stocks may be affected by newspaper reports and other factors on Thursday:. Unitech Ltd, Telenor's Indian partner, has agreed to sell its share of their mobile phone joint venture in what it termed as an amicable settlement after months of dispute.

  • SINGAPORE, October 11 Fitch Ratings says Singapore- based First Ship Lease Trust's rating is not affected by a restructuring agreement of one of its lessees, Denmark- based TORM A/S, with its banks and tonnage providers. FSLT is rated Long-Term Issuer Default' B+' with Negative Outlook.