SINGAPORE, Dec 10- London copper held close to one-month highs on Tuesday as expectations that the Federal Reserve could soon start tapering its economic stimulus undermined the dollar, while steady consumer buying from China put a floor under prices.» Read More
RIO DE JANEIRO, July 1- Brazilian billionaire Eike Batista's flagship oil company OGX Petroleo e Gas SA slashed capital spending on Monday and pulled the plug on three offshore oil prospects, the latest move by his EBX Group to bolster finances and avert collapse.
Investors had waited for Murdoch to split News Corp, giving its cable, movie and equity stakes in pay-TV assets their own spotlight away from the publishing division. At 20.7 times, it is higher than Walt Disney, Viacom and Time Warner, and ranks second only to Discovery according to estimates from UBS analyst John Janedis.
July 1- Dutch pension administrator PGGM Vermogensbeheer B.V. said on Monday it would no longer invest in Wal-Mart Stores Inc, saying the retailer was not willing to discuss its concerns, including possible labor issues in the United States. Wal-Mart, the world's largest retailer, declined to comment.
*Zynga shares jump after report that new exec may be hired. NEW YORK, July 1- U.S. stocks ended higher on the first day of the third quarter on Monday, supported by signs of strength in manufacturing and construction sectors.
WASHINGTON, July 1- A group of 19 attorneys general, led by Texas, has joined a U.S. Justice Department probe of a planned merger of American Airlines Inc and US Airways Group Inc, three sources close to the discussions told Reuters.
NEW YORK, July 1- U.S. U.S. manufacturing activity grew in June but hiring in the sector was the weakest in nearly four years, the Institute for Supply Management said on Monday.
During roughly three hours of oral arguments, Judge Robert Wilkins of the U.S. District Court for the District of Columbia suggested to an attorney for the trade groups that federal courts should consider deferring to Congress on the matter.
July 1- Scott London, a former senior partner with accounting firm KPMG whose clients included Herbalife Ltd and Skechers USA, pleaded guilty before a federal judge in Los Angeles to a charge of securities fraud arising from his involvement in insider trading.
Microsoft's entertainment head, Don Mattrick, is leaving the company to join struggling games publisher Zynga as its chief executive.
NEW YORK/ LONDON, July 1- Gold started the third quarter on a strong footing to jump over 2 percent on Monday as technical buying and speculative short covering offset concerns that the U.S.
SAN FRANCISCO, July 1- Games publisher Zynga Inc will replace chief executive Mark Pincus with Microsoft Corp executive Don Mattrick, who heads Microsoft's critical Xbox business, Zynga announced on Monday. The news, reported earlier by AllThingsD, sent Zynga shares up more than 11 percent earlier in the day.
NEW YORK, July 1- Gold prices jumped 2 percent on Monday as trading for the third quarter opened after a record quarterly loss in the prior three months, and copper and oil futures rose too as the dollar fell against most major currencies.
WASHINGTON, July 1- The U.S. Federal Trade Commission said on Monday it had filed a complaint aimed at stopping Ireland's Ardagh Group S.A.' s proposed $1.7 billion acquisition of a unit of France's Saint-Gobain that makes glass containers for the U.S. market.
NEW YORK, July 1- U.S. stocks closed higher on the first day of a new quarter on Monday, boosted by economic data, but pulled off their highs late in the session as some investors booked profits. The Dow Jones industrial average gained 65.36 points, or 0.44 percent, to end unofficially at 14,974.96.
LISBON, July 1- Portugal's Finance Minister Vitor Gaspar, the architect of Lisbon's austerity drive under an EU/IMF bailout, resigned on Monday in a potential blow to the country's planned exit from the rescue programme.
SAN FRANCISCO, July 1- Commuter rail workers went on strike on Monday in the San Francisco area for the first time in more than 15 years, triggering gridlock on highways and headaches for thousands trying to get to work.
*Zynga shares jump after report that new exec may be hired. NEW YORK, July 1- U.S. stocks kicked off a new quarter with solid gains on Monday, boosted by signs of strength in the U.S. manufacturing and construction sectors.
SAN FRANCISCO, July 1- Games publisher Zynga Inc could replace its chief executive Mark Pincus with Microsoft Corp executive Don Mattrick, possibly as early as late Monday, according to a report by AllThingsD that sent Zynga shares up more than 10 percent.
NEW YORK, July 1- Oil futures rose on Monday, the first day of the third quarter, with gains in U.S. crude outpacing the rest of the oil complex and pushing the U.S. contract's discount to Brent to a 2-1/ 2 year low amid a broad commodities rally.
July 1- Citigroup Inc agreed to pay $968 million to settle claims that it left U.S.-owned mortgage guarantor Fannie Mae on the hook for home loans the agency would not have knowingly guaranteed. The settlement is the latest between a major bank and Fannie Mae, which like its smaller rival Freddie Mac, is trying to recover money that it lost after the housing bust.