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  • US Energy Agency Adopts Brent, Drops US Crude Friday, 7 Dec 2012 | 5:13 AM ET

    The U.S. government's energy agency has adopted North Sea Brent crude as its benchmark for oil forecasts, dropping its domestic benchmark.

  • Starbucks Says to Pay More UK Tax Thursday, 6 Dec 2012 | 8:49 AM ET

    Coffee chain Starbucks said it could pay up to 20 million pounds more in tax as it announced plans to change its accounting practises, surrendering to widespread criticism.

  • Rolls-Royce Could Face Prosecution in Bribery Probe Thursday, 6 Dec 2012 | 4:42 AM ET

    Aerospace and defense group Rolls-Royce said it was in talks with Britain's Serious Fraud Office over potential corruption involving its intermediaries overseas.

  • Billionaire Green Sells Topshop Stake to US Group Thursday, 6 Dec 2012 | 4:31 AM ET
    Philip Green, the billionaire owner of fashion retailer Arcadia Group Ltd

    British retail billionaire Philip Green on Thursday sold a 25 percent stake in Topshop and Topman to U.S. private equity firm Leonard Green and Partners in a deal that values the popular high street chain at 2 billion pounds.

  • Shareholders Clinch Pact to Overhaul EADS Ownership Thursday, 6 Dec 2012 | 1:22 AM ET

    The accord to wind down a Franco-German power-sharing pact came weeks after talks broke down to merge the group with UK arms firm BAE Systems, taking advantage of the groundwork for the failed $45 billion deal.

  • Basic Hygiene at Risk in Debt-Stricken Greek Hospitals Wednesday, 5 Dec 2012 | 5:40 AM ET
    Since 2000, the number of trained nurses entering the job market has increased, but demand is expected to outpace it  according to the Bureau of Labor Statistics. This leaves many nursing positions unfilled.“There are lots of different nursing categories, but there are always shortages,” said Tony Lee, publisher of  and  “Every time they go through a hiring binge, they have to have another one six months later because of demand.”

    Greek hospitals are in such dire straits that staff are failing to keep up basic disease controls such as using gloves and gowns, threatening a rise in multi-drug-resistant infections, according to Europe's top health official.

  • Tesco Launches Strategic Review of US Chain Wednesday, 5 Dec 2012 | 2:35 AM ET

    Britain's Tesco, the world's No. 3 retailer, has launched a strategic review of its loss-making United States chain Fresh & Easy.

  • France, Germany Clash Over Banking Union Plan Tuesday, 4 Dec 2012 | 7:59 AM ET

    Germany and France publicly clashed on Tuesday over plans to put the European Central Bank in charge of supervising banks, deepening a dispute over the scope of the ECB's powers that threatens to undermine one of Europe's boldest reforms.

  • UBS Near Settlement With US, UK Over Libor Monday, 3 Dec 2012 | 3:09 AM ET

    Swiss bank UBS is close to a settlement with U.S. and U.K. authorities and is expected to pay more than $450 million over claims that some of its employees submitted false Libor rates, the NYT reported.

  • Japan-Style 'Lost Decade' Still Looms for Euro Zone Monday, 3 Dec 2012 | 2:30 AM ET

    The currency area's escape route hinges more on the pace of expansion in the United States and China, lifting the world economy, than on the policy mix in Europe, which will continue to favour austerity over growth in 2013.

  • Google, Amazon and Starbucks Face Questions on Tax Monday, 12 Nov 2012 | 12:55 AM ET

    LONDON-- Multinational companies are paying little or no tax on their earnings in Britain, angry lawmakers charged Monday at an unusual hearing involving Starbucks, Google and Amazon. Legislators were skeptical, for example, about the coffee chain Starbucks' claim that it is not making profits in Britain.

  • *Renault seeks concessions on pay, working time. Opening negotiations on a new nationwide labor deal, Renault indicated that it wanted an agreement by the end of January and it would not choose production sites for future models before then, according to workers' representatives who attended the meeting.

  • LONDON/ NEW YORK, Nov 6- Investor confidence in U.S. equity markets is at an all-time low due to worries over the global economy and greater market complexity, NYSE Euronext's chief executive said on Tuesday after the company reported a 42 percent drop in quarterly profit.

  • BRUSSELS, Nov 6- European Union regulators are to end an antitrust probe into e-book prices by accepting an offer by Apple and four publishers to ease price restrictions on Amazon, two sources said on Tuesday.

  • Reuters World News Highlights 1800 GMT Nov 6 Tuesday, 6 Nov 2012 | 6:01 PM ET

    WASHINGTON- President Barack Obama and Republican challenger Mitt Romney battled down to the wire on Tuesday, mounting a last-minute Election Day drive to get their supporters to the polls in a handful of states that will decide the winner in a neck-and-neck race for the White House.

  • *China spot copper demand still sluggish. LONDON, Nov 6- Copper rose slightly on Tuesday, recovering from a two-month low hit the previous session, as the lower price triggered new buying, but gains were capped by uncertainty ahead of the presidential election in the United States.

  • LONDON, Nov 6- Gold rose for a second day on Tuesday, largely tracking equities, as the market watched the U.S. presidential election in which a win for President Barack Obama could boost bullion by raising expectations for Federal Reserve stimulus.

  • Kazakh bank BTA poised to seize oligarch's assets Tuesday, 6 Nov 2012 | 5:09 PM ET

    *UK gave him political asylum. LONDON, Nov 6- Mukhtar Ablyazov, a fugitive oligarch accused of embezzling more than $5 billion, was labelled ``devious'' and ``cynical'' by judges on Tuesday as his former Kazakh bank BTA prepared to pounce on his assets.

  • *Vacancies also dropping in Europe, Asia- study. LONDON, Nov 6- London's financial sector will lay off 13,000 staff in 2013, cutting employment in a key UK economic sector to a 20- year low, as job vacancies also drop in Europe and even Asia, studies showed.

  • U.S. gasoline futures pushed higher as the effort to restart the New York Harbor energy network after Hurricane Sandy hit a bump on Monday when Phillips 66 said its Bayway refinery in Linden, New Jersey, will take two to three weeks to resume operations.