Archive for June, 2008

Colombia polarized by Uribe’s battle with courts

Monday, June 30th, 2008

By Hugh Bronstein BOGOTA, June 30 (Reuters) - Colombian President AlvaroUribe deepened his feud with the courts on Monday by goingahead with plans for a referendum aimed at rerunning the 2006election in which he won a second term. ...

Mondadori agrees 8.3 mln euro magazine sale

Monday, June 30th, 2008

MILAN, June 30 (Reuters) - Italian publisher Mondadori(MOED.MI: Quote, Profile, Research, Stock Buzz) has finalised a deal to sell six sports magazines toFrench publisher Motor Presse France for 8.3 million euros. Mondadori said in a statement on Monday the magazinesincluded Le ...

New drug-resistance test gives hope to TB fight

Monday, June 30th, 2008

By Laura MacInnis GENEVA (Reuters) - A new diagnostic test unveiled by the World Health Organization (WHO) on Monday will allow doctors in poor countries to find out within hours -- instead of months -- whether patients have drug-resistant tuberculosis. ...

TNK-BP CEO warns staff may have to leave Russia

Monday, June 30th, 2008

MOSCOW, June 30 (Reuters) - International staff of Russianoil major TNK-BP may have to leave the country due to the firm'sfailure to settle working permit issues with authorities, thefirm's chief executive said on Monday. "We have been working with the Russian ...

UPDATE 1-Yara says CFO quits after CEO appointment

Monday, June 30th, 2008

(Adds quotes from chairman, shares) OSLO, June 30 (Reuters) - Yara International's (YAR.OL: Quote, Profile, Research, Stock Buzz)Chief Financial Officer and strategy chief Sven Ombudstvedtunexpectedly announced he would step down on Monday, just hoursafter the fertiliser group picked a new chief ...

Sirius sees $400 mln in 2009 savings after XM deal

Monday, June 30th, 2008

NEW YORK (Reuters) - Sirius Satellite Radio said on Monday it expects to save $400 million in 2009 as a result of its proposed acquisition of XM Satellite Radio Holding Inc, which is still being scrutinized by federal regulators. The combined company expects ...

Carlyle to sell PQ unit in antitrust deal

Monday, June 30th, 2008

WASHINGTON, June 30 (Reuters) - Carlyle Partners IV, aprivate equity group, has agreed to sell a sodium silicateplant in order to gain approval to buy INEOS Group Ltd's sodiumsilicate and silicas business, the Federal Trade Commissionsaid on Monday. The commission said ...

Permira supports freenet management - source

Monday, June 30th, 2008

FRANKFURT, June 30 (Reuters) - Private equity firm Permira[PERM.UL] supports the management and supervisory boards ofGerman Internet and mobile group freenet AG (FNTG.DE: Quote, Profile, Research, Stock Buzz), a sourcefamiliar with the matter told Reuters on Monday. There was also no ...

Medicare proposes changes for imaging, tests

Monday, June 30th, 2008

WASHINGTON (Reuters) - The U.S. government on Monday proposed payment changes in the Medicare health insurance program that could affect use of medical imaging and diagnostic testing services, among other health services. Among the changes proposed are an expansion of diagnostic imaging services ...

US STOCKS-Market up as oil slips, financials cut losses

Monday, June 30th, 2008

(Updates with oil falling, financial shares paring losses) NEW YORK, June 30 (Reuters) - U.S. stocks rose on Monday asoil prices slipped and the broad market's descent to March lowsdrew bargain hunters, helping financial shares to pare losses. ...