Archive for the ‘Industries’ Category

UPDATE 4-Nokia sees cellphone, gear market falling in 2009

Saturday, November 15th, 2008

* Sees 20 mln fewer sector sales in 2008 than forecast * Global cellphone market to fall in 2009 * Global telecom equipment market seen down in 2009 * Economic slowdown, currency volatility ...

Malaysia’s UEM Land eyes bond, share sale-paper

Saturday, November 15th, 2008

KUALA LUMPUR, Nov 15 (Reuters) - Malaysian propertydeveloper UEM Land will raise 1.2 billion ringgit ($334million) through the sale of shares and Islamic bonds to payfor acquisitions and for working capital, a newspaper said onSaturday. The capital raising would take place ...

BHP Billiton faces $600 mln losses from iron ore sales -paper

Saturday, November 15th, 2008

SYDNEY, Nov 15 (Reuters) - Mining giant BHP BillitonLtd/Plc (BHP.AX: Quote, Profile, Research, Stock Buzz)(BLT.L: Quote, Profile, Research, Stock Buzz) is facing losses of up to $600 millionon iron ore sales in the second half of 2008, a newspaperreported on Saturday. ...

Lehman needs deal on assets with its European unit

Saturday, November 15th, 2008

LOS ANGELES, Nov 14 (Reuters) - Bankrupt Lehman BrothersHoldings Inc (LEHMQ.PK: Quote, Profile, Research, Stock Buzz) has filed court papers seeking approvalto communicate with its European operations for help unwindingbillions of dollars in assets that "sit unmanaged" and at riskof losing significant value. ...

Petrobras Brazil Oct. oil output up 8 pct yr-on-yr

Saturday, November 15th, 2008

SAO PAULO, Nov 14 (Reuters) - State-run oil companyPetrobras (PETR4.SA: Quote, Profile, Research, Stock Buzz)(PBR.N: Quote, Profile, Research, Stock Buzz) reported on Friday that Octobercrude output in Brazil was 1.87 million barrels a day onaverage, an 8.3 percent increase over the same month lastyear. ...

US plan opens Alaska salmon run to development

Saturday, November 15th, 2008

By Yereth Rosen ANCHORAGE, Alaska, Nov 14 (Reuters) - Nearly 2 millionacres of U.S. federal land in southwestern Alaska best knownfor its rich salmon runs and abundant wildlife will beavailable for development under a new management plan releasedon Friday by the ...

UPDATE 3-InBev cleared to buy Anheuser-Busch

Saturday, November 15th, 2008

(Recasts, updates with stock close, adds InBev comment) By Diane Bartz WASHINGTON, Nov 14 (Reuters) - Belgium's InBev NV (INTB.BR: Quote, Profile, Research, Stock Buzz)cleared the last hurdle to buying Anheuser-Busch Cos Inc(BUD.N: Quote, Profile, Research, Stock ...

US CREDIT-GM bond, CDS values depend on form of intervention

Saturday, November 15th, 2008

By Karen Brettell NEW YORK, Nov 14 (Reuters) - Legislation aimed at proppingup ailing automakers including General Motors Corp (GM.N: Quote, Profile, Research, Stock Buzz) maysupport the company's bonds and credit default swaps (CDS), ifpassed. If government intervention trips payments on the company'sCDS, or forces ...

CORRECTED-BRIEF-Cascade Investment quarterly ownership report

Saturday, November 15th, 2008

(Corrects fifth bullet point to say that Cascade InvestmentLLC taken a share stake, not an 'earnings per share' stake, inStrategic Hotels & Resorts) Nov 14 (Reuters) - Cascade Investment LLC : * Cascade Investment files quarterly ownership report as ofSeptember 30, ...

Exxon LA refinery unit restarts; LA gasoline falls

Saturday, November 15th, 2008

HOUSTON, Nov 14 (Reuters) - Exxon Mobil Corp's (XOM.N: Quote, Profile, Research, Stock Buzz)150,000 barrel per day (bpd) Los Angeles-area refinery inTorrance, California, was restarting an unidentified unit onFriday, a company spokeswoman said. LA market wholesale gasoline fell 7.25 cents on ...