BRUSSELS, March 16- The euro zone struck a deal on Saturday to hand Cyprus a bailout worth 10 billion euros, but demanded depositors in its banks forfeit some money to stave off bankruptcy despite the risks of a wider bank run.
BRUSSELS, March 16- Euro zone ministers struck a deal on Saturday to hand Cyprus a bailout worth 10 billion euros to stave off bankruptcy. -Cyprus has agreed to increase its nominal corporate tax rate by 2.5 percentage points to 12.5 percent, which could bring in up to 200 million euros a year.
*Cyprus to tax interest on deposits. BRUSSELS, March 16- International lenders struck a deal on Saturday to hand Cyprus a bailout worth 10 billion euros to stave off bankruptcy, a senior euro zone official said.
BRUSSELS, March 16- International lenders struck a deal on Saturday to hand Cyprus a bailout worth 10 billion euros to stave off bankruptcy, a senior euro zone official said.
The company that manages the Empire State Building is seeking approval to create a real estate investment trust that would allow the skyscraper become a publicly owned company.
NEW YORK, March 15- HD Supply, a one-time division of Home Depot Inc that was taken private for $8.5 billion in 2007, has chosen Bank of America Merrill Lynch, Barclays and JPMorgan Chase to lead a proposed initial public offering, people familiar with the matter said.
Malkin Holdings LLC, the company that manages the Empire State Building-- which for four decades after its completion in 1931 ranked as the world's tallest building-- is seeking investor approval to create a real estate investment trust, called Empire State Realty Trust Inc. Of the investors who have already cast votes, 90 percent have favored the Malkin plan, according to a filing with the Securities and Exchange Commission.
*Trims earnings forecast to $1.80- $2.10/ shr vs $2.20- $2.40. March 15- Cruise operator Carnival Corp, grappling with a series of recent headline-grabbing mishaps involving its ships, said on Friday it returned to profitability in the latest quarter but cut its revenue and profit forecast for the year.
BRUSSELS, March 15- International lenders are aiming to give Cyprus a bailout of close to 10 billion euros, less than initially expected, with taxes imposed on Cypriot bank depositors likely to fill the gap, officials said on Friday.
*Cuts earnings forecast to $1.80- $2.10/ shr vs $2.20- $2.40. March 15- Carnival Corp, the world's largest cruise operator, swung to a quarterly profit on Friday but posted lower revenue per cabin and cut its profit and revenue forecast for the year, citing weakness in Europe and pricing promotions.
With the Dow Jones reaching an all-time high and the S&P 500 not far behind, markets have shrugged off the disappointment of the sequester. But Alastair Newton, senior political analyst at Nomura says that far bigger hurdles lie ahead that could potentially give the U.S. another "brush with default".
The star of "Ted," "Friends With Benefits," and "That 70s Show" told CNBC: "I've just started investing in stocks, which is new for me."
*Finance experts worked late into night to prepare Cyprus rescue. BRUSSELS, March 15- EU officials worked on a rescue package for Cyprus on Friday, hoping to get approval from the IMF and euro zone finance ministers later in the day.
LONDON, March 15- London remains the top financing centre for the global transport industry, although it faces stiff competition from New York and capitals in Asia Pacific as companies seek to tap more funding sources, a survey showed on Friday.
BRUSSELS, March 15- EU and IMF officials planned to work on a rescue package for Cyprus through the night in Brussels with the aim of presenting the outline of a bailout programme to euro zone finance experts on Friday morning, sources said.
NEW YORK, March 14- AT&T Inc said on Thursday that it could sell non-core assets if it wanted additional financial flexibility, but declined say which assets might be offered. AT&T spokesman Brad Burns declined to comment on speculation from an RBC analyst that the company could sell its wireless broadcast towers.
March 14- Steelmaker Nucor Corp forecast a drop in first-quarter earnings per share on Thursday, and said its mills have not seen the seasonal improvement they usually do in the first quarter. At the same time, Nucor said its downstream steel products business has seen a seasonal slowdown, and it expects "a modest loss" in that segment.
BRUSSELS, March 14- Euro zone finance ministers are expected to agree the parameters of a bailout of Cyprus on Friday in the hope of preventing the island economy falling into default. Cyprus has a banking sector that is around eight times the size of the economy-- more than double the EU average.
Michigan Governor Rick Snyder is expected to announce on Thursday an emergency state takeover of Detroit, putting a lawyer in charge of the destitute city's finances.
*2012 net profit 510 mln euros. PARIS, March 14- French aircraft maker Dassault beat 2012 profit expectations, helped by a gradual recovery in the business jet market which it expects to continue this year. More than a year after starting exclusive talks to sell 126 Rafale jets worth $10 billion to India, Dassault said it was still trying to finalise the contract.