http://mobile.reuters.com Copyright 2008 Reuters en-us Sat, 04 Jul 2009 11:30:02 -0400 http://mobile.reuters.com/mobile/images/small/logo.png http://mobile.reuters.com/mobile/m/Category/CBUS?src=RSS-BUS http://mobile.reuters.com/mobile/m/FullArticle/CBUS/nbusinessNews_uUSTRE5631BK20090704?src=RSS-BUS FRANKFURT (Reuters) - General Motors Europe President Carl-Peter Forster expects to sell German unit Opel to Canadian auto parts supplier Magna soon, he told a German newspaper. Sat, 04 Jul 2009 13:59:29 +0000 2009-07-04T135929Z_01_TRE5631BL_RTROPTC_0_US-OPEL-FORSTER.XML http://mobile.reuters.com/mobile/m/FullArticle/CBUS/nbusinessNews_uUSTRE5631EQ20090704?src=RSS-BUS FRANKFURT (Reuters) - Three more bidders are interested in taking a stake in German sports car maker Porsche, rivaling investment plans by Qatar, German magazine Focus reported on Saturday. Sat, 04 Jul 2009 14:46:27 +0000 2009-07-04T144627Z_01_TRE5631FH_RTROPTC_0_US-PORSCHE.XML http://mobile.reuters.com/mobile/m/FullArticle/CBUS/nbusinessNews_uUSTRE5623SG20090703?src=RSS-BUS NEW YORK/VIENNA (Reuters) - Austrian fund manager Sonja Kohn did not receive any kickbacks from Bernard Madoff to steer Bank Medici customer funds to the swindler's investment business, a Medici lawyer said on Friday. Fri, 03 Jul 2009 17:17:20 +0000 2009-07-03T171720Z_01_TRE5623X5_RTROPTC_0_US-MADOFF-KOHN.XML http://mobile.reuters.com/mobile/m/FullArticle/CBUS/nbusinessNews_uUSN0315307920090703?src=RSS-BUS TORONTO (Reuters) - Teck Resources <TCKb.TO> said on Friday it will sell a 17.2 percent equity stake to state-owned China Investment Corp in a deal that will help the Canadian miner pay down its debt while expanding China's portfolio of commodity investments. Fri, 03 Jul 2009 21:29:07 +0000 2009-07-03T212907Z_01_TRE5624XJ_RTROPTC_0_US-TECKRESOURCES.XML http://mobile.reuters.com/mobile/m/FullArticle/CBUS/nbusinessNews_uUSTRE5616O820090703?src=RSS-BUS NEW YORK (Reuters) - With Wall Street stuck in a range since May, the start of second-quarter earnings season next week could prove to be a decisive factor for determining how much faith investors should have in an economic recovery. Fri, 03 Jul 2009 08:54:44 +0000 2009-07-03T085444Z_01_TRE5621E5_RTROPTC_0_US-COLUMN-STOCKS-OUTLOOK.XML http://mobile.reuters.com/mobile/m/FullArticle/CBUS/nbusinessNews_uUSTRE5624SE20090703?src=RSS-BUS NEW YORK (Reuters) - Several Mexican clients of Stanford Financial Group have sued insurance broker Willis Group Holdings Ltd <WSH.N>, contending it was a willing participant in a $7 billion fraud at the Texas-based investment company. Fri, 03 Jul 2009 20:48:47 +0000 2009-07-03T204847Z_01_TRE5624ST_RTROPTC_0_US-STANFORD-WILLIS.XML http://mobile.reuters.com/mobile/m/FullArticle/CBUS/nbusinessNews_uUSL325178220090703?src=RSS-BUS (Reuters) - The dollar's status as the top global reserve currency is unlikely to be mentioned explicitly in the final communique at next week's Group of Eight summit, a European G8 source involved in preparations for the meeting said on Friday. Fri, 03 Jul 2009 18:18:15 +0000 2009-07-03T181815Z_01_TRE562499_RTROPTC_0_US-G8-SUMMIT-CURRENCY.XML http://mobile.reuters.com/mobile/m/FullArticle/CBUS/nbusinessNews_uUSTRE5621Z120090704?src=RSS-BUS TAIPEI (Reuters) - About 10 global and Taiwan financial firms have submitted bids to buy troubled AIG's <AIG.N> Taiwanese insurance unit, newspapers said on Saturday, in a deal that could fetch up to over $2 billion. Sat, 04 Jul 2009 03:38:07 +0000 2009-07-04T033807Z_01_TRE5630BA_RTROPTC_0_US-NANSHAN.XML http://mobile.reuters.com/mobile/m/FullArticle/CBUS/nbusinessNews_uUSTRE55L17H20090703?src=RSS-BUS LONDON (Reuters) - Oil dropped a dollar to below $66 a barrel on Friday after unemployment data hardened views economic weakness would sap energy demand and that last month's rally was overdone. Fri, 03 Jul 2009 17:42:02 +0000 2009-07-03T174202Z_01_TRE562428_RTROPTC_0_US-MARKETS-OIL.XML http://mobile.reuters.com/mobile/m/FullArticle/CBUS/nbusinessNews_uUSTRE5630CB20090704?src=RSS-BUS BEIJING (Reuters) - Wall Street may be down on its luck, but China's growing business hub, Shanghai, plans to install its own version of the Street's famed charging bull statue, casting in metal its hopes to eventually rival New York. Sat, 04 Jul 2009 04:01:16 +0000 2009-07-04T040116Z_01_TRE5630CC_RTROPTC_0_US-CHINA-SHANGHAI-BULL.XML http://mobile.reuters.com/mobile/m/FullArticle/CBUS/nbusinessNews_uUSTRE5621DR20090703?src=RSS-BUS TOKYO (Reuters) - Major countries should support the dollar as the key international currency, although emerging nations may discuss a new global reserve currency on the sidelines of the G8 summit next week, a Japanese official said on Friday. Fri, 03 Jul 2009 18:18:10 +0000 2009-07-03T181815Z_01_TRE562499_RTROPTC_0_US-G8-SUMMIT-CURRENCY.XML-sidebar-1 http://mobile.reuters.com/mobile/m/FullArticle/CBUS/nbusinessNews_uUSTRE56231920090703?src=RSS-BUS (Reuters) - Canada's Teck Resources <TCKb.TO> <TCK.N> said on Friday it will sell a 17.2 percent equity stake to state-owned China Investment Corp through a private placement that will raise C$1.74 billion ($1.5 billion) and help the miner pay down debt. Fri, 03 Jul 2009 17:11:33 +0000 2009-07-03T171139Z_01_TRE5623W2_RTROPTC_0_US-TECKRESOURCES.XML-sidebar-1 http://mobile.reuters.com/mobile/m/FullArticle/CBUS/nbusinessNews_uUSTRE5621JS20090703?src=RSS-BUS MOSCOW (Reuters) - U.S. businessmen are expected to use a Russia-U.S. business summit on Tuesday to press Moscow to rein in corruption and improve conditions for western companies operating in the country. Fri, 03 Jul 2009 17:08:48 +0000 2009-07-03T170848Z_01_TRE5623UO_RTROPTC_0_US-RUSSIA-USA-BUSINESS.XML http://mobile.reuters.com/mobile/m/FullArticle/CBUS/nbusinessNews_uUSTRE5621U520090703?src=RSS-BUS LONDON (Reuters) - PVM Oil Futures Limited said on Friday Steve Perkins, a senior broker based at the firm's London office, was responsible for unauthorized trades earlier this week which landed the firm with a loss of nearly $10 million. Fri, 03 Jul 2009 14:19:21 +0000 2009-07-03T141921Z_01_TRE562300_RTROPTC_0_US-PVM-TRADE.XML http://mobile.reuters.com/mobile/m/FullArticle/CBUS/nbusinessNews_uUSTRE56230120090703?src=RSS-BUS (Reuters) - PVM Oil Futures Limited said on Friday Steve Perkins, a senior broker based at the firm's London office, was responsible for unauthorized Brent crude futures trades which landed the firm with a loss of nearly $10 million. Fri, 03 Jul 2009 14:19:18 +0000 2009-07-03T141921Z_01_TRE562300_RTROPTC_0_US-PVM-TRADE.XML-sidebar-1 http://mobile.reuters.com/mobile/m/FullArticle/CBUS/nbusinessNews_uUSTRE5622Y720090703?src=RSS-BUS FRANKFURT/MUNICH (Reuters) - A Chinese automaker has offered to buy a stake in General Motors unit Opel, challenging a deal from Canadian auto parts supplier Magna, sources said on Friday. Fri, 03 Jul 2009 14:15:38 +0000 2009-07-03T141538Z_01_TRE5622Y7_RTROPTT_0_BUSINESSPRO-US-OPEL.XML http://mobile.reuters.com/mobile/m/FullArticle/CBUS/nbusinessNews_uUSTRE5622KZ20090703?src=RSS-BUS MOSCOW (Reuters) - U.S. and Russian negotiators have still not reached agreement on cutting stocks of their deadliest nuclear weapons ahead of President Barack Obama's first visit to Moscow on Monday, sources close to the talks said. Fri, 03 Jul 2009 13:08:03 +0000 2009-07-03T130807Z_01_TRE5622KY_RTROPTC_0_US-RUSSIA-USA-BUSINESS.XML-sidebar-2 http://mobile.reuters.com/mobile/m/FullArticle/CBUS/nbusinessNews_uUSTRE5621OD20090703?src=RSS-BUS MOSCOW (Reuters) - Prime Minister Vladimir Putin will use next week's Moscow talks to relieve President Barack Obama of mistaken impressions he remains mired in Cold War thinking, Putin's spokesman said on Firday. Fri, 03 Jul 2009 13:03:26 +0000 2009-07-03T130330Z_01_TRE5622K2_RTROPTC_0_US-RUSSIA-USA-BUSINESS.XML-sidebar-1 http://mobile.reuters.com/mobile/m/FullArticle/CBUS/nbusinessNews_uUSTRE5621SR20090703?src=RSS-BUS AMSTERDAM (Reuters) - For Dutch pension fund ABP, Michael Jackson's death could be good for business. Fri, 03 Jul 2009 11:39:15 +0000 2009-07-03T113915Z_01_TRE56225R_RTROPTC_0_US-DUTCH-PENSION-JACKSON.XML http://mobile.reuters.com/mobile/m/FullArticle/CBUS/nbusinessNews_uUSTRE55T0XQ20090703?src=RSS-BUS LONDON (Reuters) - World stocks fell on Friday after a disappointing U.S. jobs report and a sluggish euro zone services sector survey reinforced expectations that the process of recovery in the global economy would be long and slow. Fri, 03 Jul 2009 11:22:41 +0000 2009-07-03T112241Z_01_TRE56221D_RTROPTC_0_US-MARKETS-GLOBAL.XML