Nikkei Continues Slide, Gives Up Earlier Gains
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ATHENS, Feb 13- Greece's biggest lender National Bank of Greece on Wednesday said it would cut up to 2,000 jobs, or about 15 percent of its workforce, to generate savings from its acquisition of smaller rival Eurobank. They will be completed by March and will only affect National Bank employees, said a bank executive who declined to be named.
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WASHINGTON, Feb 13- The top U.S. audit watchdog said the federal government is "simply wrong" in its decision to include the non-profit corporation on a list of agencies facing steep automatic budget cuts if Congress fails to act. The White House and its Office of Management and Budget did not respond to requests for comment.
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WASHINGTON, Feb 13- A leading U.S. business group on Wednesday threw its support behind the politically unpopular idea of raising the federal gasoline tax to help fund trillions of dollars in projected U.S. infrastructure needs.
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*Yields rise after $24 billion 10- year note sale. NEW YORK, Feb 13- Prices for U.S. We had an average, arguably a bit of a soft reception to the 10- year auction, "said Ian Lyngen, senior government bond strategist at CRT Capital LLC in Stamford, Connecticut."
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WASHINGTON, Feb 13- Republicans in the U.S. House of Representatives will seek a permanent solution to scheduled steep cuts in physician payments from the federal Medicare health insurance plan for retirees and disabled people, a House committee chairman said on Wednesday.
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DEMMIN, Germany, Feb 13- Chancellor Angela Merkel took aim on Wednesday at multinational corporations that use tax rules in Europe and the United States to avoid payments and said the Group of Eight plans to fight tax havens.
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*Favorable crop outlooks in Brazil weigh on coffee, sugar. Dealers said the prospect of large crops in Brazil this year was exerting downward pressure on coffee and sugar prices with both markets already oversupplied. Betting on improving supplies from Brazil, the world's top grower, speculative investors have built a large net short position.
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NEW YORK, Feb 13- U.S. crude futures fell on Wednesday, pressured by data showing rising crude oil inventories and a report by the International Energy Agency trimming its outlook for global oil demand growth.
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LONDON, Feb 13- A third patient in Britain has contracted a new SARS-like virus, becoming the second confirmed British case in a week and showing the deadly infection is being spread from person to person, health officials said on Wednesday. Most of the infected lived or had recently been in the Middle East.
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Postmaster General Patrick Donahoe pleaded with lawmakers on Wednesday not to block the financially strapped Postal Service from moving ahead with plans to end Saturday first-class mail delivery.
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*White House says proposal has bipartisan, industry support. WASHINGTON, Feb 13- President Barack Obama wants Congress to create a $2 billion clean-energy transportation fund using fees paid by oil and gas producers on federal lands, the White House said Wednesday, expanding a plan announced in Obama's State of the Union address.
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NEW YORK, Feb 13- The yen traded flat to slightly lower against the dollar on Wednesday, a day after sharply rising, as investors grew cautious ahead of a meeting of finance ministers and central bankers later this week where exchange rates are expected to be a hot topic.
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Feb 13- Much of Blackstone Group LP's vast U.S. real estate holdings may be bought by, or turned into, real estate investment trusts over the next couple of years, the head of the private equity group's global real estate division said on Wednesday.
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MEXICO CITY, Feb 13- America Movil, the flagship company of Mexican tycoon Carlos Slim, suffered its biggest share price loss in more than four years after the phone company reported disappointing earnings, hit by weak revenue and higher costs.
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BRUSSELS, Feb 13- The United States and the European Union agreed on Wednesday to push for the launch by the end of June of talks to create the world's biggest free trade alliance, which could be a benchmark for global competitors to follow.
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NEW YORK, Feb 13- Apple Inc on Wednesday was hit by another shareholder lawsuit, a case that is similar to the court challenge that star hedge fund manager David Einhorn brought as part of his push to unlock the company's cash hoard.
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CHICAGO, Feb 13- Farm income and land values in the southern Midwest and mid-South regions of the central United States were steady to firm in the fourth quarter of 2012, with more strength expected in early 2013, the Federal Reserve Bank of St. Louis said in a quarterly survey of agricultural bankers.
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Feb 13- Time Warner Inc is seeking to sell its publishing unit Time Inc and has met with at least one serious buyer, Fortune magazine said, citing unnamed sources. Time Inc is the publisher of magazine titles like People, Sports Illustrated, Fortune and its namesake newsweekly.
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Feb 13- Hyatt Hotels Corp reported lower-than-expected fourth-quarter revenue and margins on weak performance in Europe and the Middle East and a slow recovery in its convention business, sending its shares down as much as 4 percent.
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WASHINGTON, Feb 13- President Barack Obama's choice to be the next U.S. Tax reform took center stage at the Senate Finance Committee's confirmation hearing for Jack Lew, Obama's nominee to replace Timothy Geithner.