wednesday

LG reports handset profit after six-quarter losing (Reuters)

Reuters – South Korea’s LG Electronics Inc, the world’s No.2 TV maker, swung to a profit in the fourth quarter as its latest smartphone model helped its ailing handset unit post a small profit after six consecutive quarterly losses.

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LG reports handset profit after six-quarter losing
(Reuters)

wednesday

U.S. to charge ex-Suisse traders on subprimes: sources (Reuters)

Reuters – U.S. authorities are preparing to charge four former Credit Suisse Group AG employees with criminal and civil fraud related to write-downs on subprime mortgage derivatives at the height of the financial crisis, sources familiar with the matter said.

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U.S. to charge ex-Suisse traders on subprimes: sources
(Reuters)

wednesday

Amazon spending threatens 1st-quarter profit (Reuters)

Reuters – Amazon.com Inc warned of a possible operating loss in the first quarter following a sharp drop in fourth-quarter profit, a sign that the online retailer will keep spending heavily on expansion at the expense of short-term returns.

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Amazon spending threatens 1st-quarter profit
(Reuters)

wednesday

Facebook to file $5 billion IPO Wednesday: IFR (Reuters)

Reuters – Facebook is expected to submit paperwork to regulators on Wednesday morning for a $5 billion initial public offering and has selected Morgan Stanley and four other bookrunners to handle the mega-IPO, sources close to the deal told IFR.

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Facebook to file $5 billion IPO Wednesday: IFR
(Reuters)

wednesday

Stock index futures gain, Yahoo in focus (Reuters)

Reuters – Stock index futures pointed to a higher open for equities on Wall Street on Wednesday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 up 0.4-0.5 percent at 1045 GMT.

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Stock index futures gain, Yahoo in focus
(Reuters)

wednesday

Man Group posts further outflows, to cut $75 million costs (Reuters)

Reuters – Man Group Plc , the world’s biggest listed hedge fund manager, reported a second consecutive quarter of heavy client outflows and announced plans for further cost cuts, as nervous investors pulled out of its poorly-performing flagship fund.

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Man Group posts further outflows, to cut $75 million costs
(Reuters)

wednesday

Greece, creditors strive to avoid costly default (Reuters)

Reuters – Greece goes head to head with its creditors on Wednesday in a renewed attempt to break a deadlock in negotiations to slash the country’s debt and stave off default.

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Greece, creditors strive to avoid costly default
(Reuters)

wednesday

Yahoo co-founder Yang resigns (Reuters)

Reuters – Yahoo Inc co-founder Jerry Yang has quit the company he started in 1995, appeasing shareholders who had blasted the Internet pioneer for pursuing an ineffective personal vision and impeding investment deals that could have transformed the struggling company.

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Yahoo co-founder Yang resigns
(Reuters)