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Apr 28, 2011

Financial and Forex Info | The Australian Capital Circle: Julia succumbs to royal wedding pomp





Capital Circle Newsletter

Julia succumbs to royal wedding pomp
Republican Julia embraces royalty as Abbott winds up central Australia trip

PM Julia Gillard is doing a string of royal wedding-related interviews this morning before attending the ceremony this evening, Australian time. She says she's really enjoying the pomp and ceremony of the occasion and is looking forward to seeing the wedding dress. She met with PM David Cameron and Prince Charles overnight.
Acting PM Wayne Swan is in Brisbane. He has been interviewed by ABC's Madonna King this morning and will spend the rest of the day in his electorate.
Opposition Leader Tony Abbott is visiting a school in Alice Springs this morning and has more meetings scheduled with locals community members. He'll return to Sydney tonight.
Go on, Tim: The ABC's Phillip Williams asked Julia Gillard in London this morning if she was thinking of taking the plunge herself. Gillard: "A very good friend of mine has joked with me that before answering these questions, I should indicate it is customary to wait to be asked as to whether you want to get married... Tim and I will make our own arrangements about our own lives, but that doesn't stop us enjoying this very special celebration."
Pot? Kettle? "If you want my personal view - this is not the Government view - my personal view is I really think the BBC needs to lighten up a bit." - Kevin Rudd on the Beeb's Chaser ban.
Turnbull 2.0: New on iTunes is the latest version of Malcolm Turnbull's personal app. Enhancements include "beautiful new video section" and general "performance improvements".
Lordy: It's come to our attention that we may have reassigned the gender of Sarah Hanson-Young's new flack, the glamorously-named Paris Lord. We had visions of Paris Hilton but we're told Paris is in fact quite a masculine chap. Apologies Paris.
House of Representatives Standing Committee on Infrastructure and Communication inquiry into the role and potential of the government's proposed National Broadband Network. Witnesses include head of NBN Co, Mike Quigley. NSW Parliament House. From 9am.
Director of the Defence Intelligence Organisa
Read more...

Windsor's carbon call for BHP
Tony Windsor Siobhain Ryan INDEPENDENT Tony Windsor has challenged the world's biggest miner, BHP Billiton, to declare where it stands on the carbon tax.
Welfare chief rejects lobby pleas
Corrigan's new waterfront battle
NBN chiefs silent on scandal
More National Affairs


Mining Interactive: TUMI ARRANGES 6.25-MILLION-UNIT FINANCING PRICED AT $0.20 PER UNIT



TUMI RESOURCES LTD.
TSXv - TM; Frankfurt -TUY (WKN 251 738); Pinksheets - TUMIF
TUMI ARRANGES 6.25-MILLION-UNIT FINANCING PRICED AT $0.20 PER UNIT
  • The net proceeds from the financing will be used to finance exploration work on the company's mineral properties and for general working capital.

Dear Friends:
I herewith Tumi’s latest 2-page Company Summary.  Please review the Summary and then you will get a feel for “why I am so excited about the Company’s future”.
All Tumi’s projects are 100% owned and that is important to note.  This small placement will give the Company the extra firing power it needs to finance its exploration plans.
1) We are awaiting results from Tumi’s ‘Tomtebo’ diamond drill program in Sweden and its reverse circulation Mezquite project drill program in Mexico; and . . .
2) at La Trini in Mexico the Company has a Tellurium discovery that is being analysed; plus
3) a NI 43-101 compliant resource of 6.48 million troy ounces of Silver and 46,900 troy ounces of gold in the Indicated category and 611,400 troy ounces Ag and 5,700 troy ounces Au in the Inferred category.
Now you know why I am excited about Tumi’s prospects - - - yes, I still have high intelligent hope that this Company will throw off benefits to me and my family.
As always - - - Stay Tuned, there is lots of excitement just over the horizon for Tumi!!

Regards,
Nick L. Nicolaas
Mining Interactive "Ahead of the Pack"

Financial & Forex Info | The Australian Business Briefing: US slows as price rises bite consumers









Australian Business update for Fri Apr 29 08:13:18 EST 2011
US slows as price rises bite consumers
US economy Luca Di Leo and Jeff Bater THE world's biggest economy hit the brakes in the first quarter as higher prices squeezed consumer spending and government purchases dropped.
 
Wall St climbs on earnings optimism
Wall St Kristina Peterson US stocks extended their multi-year highs today as the market clung to optimism generated by the flow of encouraging corporate earnings.
 
Microsoft slips as profit soars 31pc
Microsoft John Kell MICROSOFT'S third-quarter profit jumped 31 per cent as the software giant reported higher sales at four of the company's five segments.
 
Telstra punts on AFL tie-up
AFL James Chessell TELSTRA has made a big bet that AFL will drive pay-TV and broadband customer growth.
 
Dollar casts pall on confession season
dollar Tracy Lee and Michael Bennet THE Australian dollar's seemingly endless record-breaking run is sharpening the market's focus on the company confession season.
 
Don't waste the mining boom: IMF
IMF David Uren, Economics correspondent THE IMF has urged Australia to establish a sovereign wealth fund to ensure future generations share in the returns from the mining boom.
 
Tapping the online global market
Globe Peter Switzer ADELAIDE-BORN Matt Barrie is a man in the fast lane of the online world.
 
Insurance sticking point on advice
John Brogden Geoffrey Newman, Wealth editor A BATTLE over reforms to financial advice services erupted yesterday between industry super funds and the for-profit superannuation sector.
 
Financial Markets
Wall St climbs on earnings optimism
Wall St Kristina Peterson US stocks extended their multi-year highs today as the market clung to optimism generated by the flow of encouraging corporate earnings.
 
Oil pares gains on high price worries
Gold and silver scale new heights
 
Financial Markets Coverage
 
Mining & Energy
Oil pares gains on high price worries
Oil Jerry DiColo OIL closed slightly higher today after retreating from two-and-a-half year highs, as worries spread that high prices will slow fuel purchases.
 
Gold and silver scale new heights
Whitehaven suitor adds to sell-off woes
 
More Mining & Energy Coverage

NYT: Afternoon Business News: U.S. Seeks Stricter Limits on Food Ads Aimed at Children



BUSINESS

U.S. Seeks Stricter Limits on Food Ads Aimed at Children

By WILLIAM NEUMAN
The Federal Trade Commission's plan seeks to restrict the marketing of products like sugary cereals and fast-food meals to help stem childhood obesity.

A.I.G. to Sue 2 Firms to Recover Some Losses

By LOUISE STORY
American International Group's lawsuit against ICP Asset Management and Moore Capital makes a case for $350 million in damages as well as recouping a "windfall."
DealBook

Former SAC Manager Pleads Guilty

By PETER LATTMAN
Donald Longueuil, a former portfolio manager at SAC Capital Advisors, pleaded guilty to conspiracy and securities fraud on Thursday.
DealBook

Exelon to Buy Constellation Energy for $7.9 Billion

By DEALBOOK
Exelon announced on Thursday that it would buy Constellation Energy for $38.59 a share, the latest deal in a wave of consolidation among energy companies, particularly utilities.

Profit Jumps at Exxon and Shell

By JULIA WERDIGIER
The biggest oil companies in the United States and Europe benefited from higher oil prices and earnings from refining.

Financial & Forex Info | Kitco New York Market Close Report






New York Market Close Apr 28/11 05:21 PM EDT
Metals
Bid
Ask
Change
Low
High
Gold
1535.80
1536.80
8.50
0.56%
1523.60
1539.50
Silver
48.48
48.50
0.71
1.49%
47.27
49.57
Platinum
1836.00
1846.00
12.00
0.66%
1813.00
1854.00
Palladium
772.00
779.00
8.00
1.05%
764.00
788.00

MarketWatch | Personal Finance Daily : Get a tax break for your next vacation

MarketWatch
Personal Finance Daily
APRIL 28, 2011

Thursday's Personal Finance stories

By MarketWatch



Don't miss these top stories:

Travel is not cheap, but what if you can write off the bulk of your trip as a tax deduction? MarketWatch's Eva Rosenberg details how to do that in her TaxWatch column today.

Plus, don't miss our story on how to handle a stock-market downturn near or at retirement, and read how to keep your online data safe in the wake of the Sony PlayStation data-hack fiasco.

Andrea Coombes , Personal Finance editor

TRAVEL

Get a tax break for your next vacation

How to travel the world — and get a tax break on your travel costs.
Read more: Get a tax break for your next vacation.


RETIREMENT

Three keys to a richer retirement

Stock prices are up substantially from their March 2009 lows, but there is always the possibility that markets will retrench. What will happen if stocks tumble soon after you retire?
Read more: Three keys to a richer retirement.


SAVING & SPENDING

Supreme Court deals blow to consumer class-actions

A Supreme Court ruling Wednesday likely will reinforce firms' ability to prevent consumers and workers from bringing class actions, and could substantially undercut consumer advocates' calls for states to adopt rules that encourage class-wide claims.
Read more: Supreme Court deals blow to consumer class-actions.


The 9 places where inflation is crushing us

Inflation is far from under control and it's time that Americans demand our government officials do something about it.
Read more: The 9 places where inflation is crushing us.


Sony gamer or no, keep online data safe

The fact that hackers gained access to Sony PlayStation users' personal data is a reminder to anyone working or playing online to rethink how you protect your personal data.
Read more: Sony gamer or no, keep online data safe.


REAL ESTATE

Mortgage rates fall after weak economic reports

Freddie Mac's chief economist points out that falling home prices and an elevated number of foreclosures are affecting how long people are staying in their homes.
Read more: Mortgage rates fall after weak economic reports.


INVESTING

How to trade Royal Weddings (and even divorce)

Forget quantitative easing or Fibonacci retracement or earnings growth. When it comes to the market, only one set of information is worth trading on: Royal Weddings.
Read more: How to trade Royal Weddings (and even divorce).


Buy stocks, commodities; short bonds

Short-term events will not derail the stock market or economic growth this year, but investors should be nervous about investing in bonds, says one veteran mutual fund manager.
Read more: Buy stocks, commodities; short bonds.


Japan power crisis could benefit coal ETFs

Power shortages expected in Japan this summer are lifting coal prices and the prospects for specialized exchange-traded funds that invest in the commodity.
Read more: Japan power crisis could benefit coal ETFs.


Sound Advice worries about gold

Veteran newsletter Sound Advice says the Bullish Supercycle remains intact, but it's worried about the future for gold, reports Peter Brimelow.
Read more: Sound Advice worries about gold.


Netflix faces some of its fiercest rivals yet

Some investors are starting to realize that the toughest days for Netflix may be coming in the not-too-distant future
Read more: Netflix faces some of its fiercest rivals yet.


ECONOMY & POLITICS

Faster GDP growth needed: White House

Reactions to news that the U.S. economy expanded by 1.8% between January and March, down from a 3.1% annualized pace in the last quarter of 2010.
Read more: White House says faster GDP growth needed.


First-quarter U.S. economic growth slows to 1.8%

The U.S. economy slowed markedly in the first quarter and inflation accelerated, clear evidence of the double whammy on the economy from higher gasoline prices.
Read more: First-quarter U.S. economic growth slows to 1.8%.


New requests for U.S. jobless benefits surge

New applications for U.S. unemployment benefits jumped last week to the highest level in three months, suggesting that a recent improvement in hiring trends may have stalled.
Read more: New requests for U.S. jobless benefits surge.


THE ROYAL WEDDING

Take this Royal Wedding and shove it

Media bacchanal over Prince William and Kate Middleton's London wedding has gotten totally out of control, argues Jon Friedman.
Read more: Take this Royal Wedding and shove it.


INTERNATIONAL NEWS

China dumps proposed income-tax cuts

Low-rung workers would have seen income taxes eliminated under a proposal quickly shelved by lawmakers, reports Caixin Online.
Read more: China dumps proposed income-tax cuts.


Japan data paint grim post-quake picture

A wide range of Japanese economic data confirms a deep hit from the March 11 earthquake and tsunami, although the figures also contain a few bright spots.
Read more: Japan data paint grim post-quake picture.

The Economist | Business This Week: Highlights From New Coverage From 23rd - 29th April 2011


Business This Week



Highlights from The Economist online's Business this week
» Corporate computing: Online reputations in the dirt
» The Federal Reserve: Ben meets mike
» Gold prices: Gilt-edged argument


» More concerns were raised about the potentially weak measures that companies employ to protect and secure data over the internet. Amazon's cloud-computing online-storage service broke down, causing websites run by Foursquare, ProPublica and others to crash and prompting questions about Amazon's backup procedures. And Sony (eventually) admitted that hackers had broken into its PlayStation Network and gained access to the personal information of some 77m customers, possibly including credit-card details. See article
» Apple faced growing criticism over the way it gathers positioning data from iPhones. Steve Jobs, the company's boss, took time from sick leave to reassure users: "Your precise location is never transmitted to Apple." The company traces information from iPhones about tower masts and other transmitters to build mapping features on devices.

Meet the press
» Ben Bernanke held a press conference at the end of the Federal Reserve's latest policy meeting, the first time a chairman of the central bank has hosted such an event. There were no surprises as Mr Bernanke affirmed that the Fed was in no hurry to raise interest rates; its $600 billion quantitative-easing programme will end in June. See article
Click Here!
» After an ever-so-brief lull, gold and silver prices continued their breathless rally after Mr Bernanke's press conference, with gold well above $1,500 a troy ounce and silver marching towards $50. The dollar sank to a new three-year-low against a basket of currencies. See article
» Standard & Poor's changed its outlook for Japan's long-term sovereign debt from "stable" to "negative". The credit-rating agency, which recently made a similar adjustment to its outlook for America's debt, said it was concerned that Japan's reconstruction costs after last month's earthquake and tsunami could weaken the country's public finances "in the absence of fiscal consolidation to offset them". Meanwhile, the Bank of Japan sharply reduced its growth forecast for the year, from 1.6% to 0.6%, because of the twin disasters.
» Johnson & Johnson made its takeover of Synthes official by agreeing to pay $21.3 billion for the medical-device-maker
» BP announced a headline profit of $5.5 billion for the first quarter, slightly less than the profit it made during the same period last year. The energy company's output fell by 11% in the quarter, partly because it has had to sell some oilfields and refineries to help cover the cost of its oil spill in the Gulf of Mexico. Meanwhile, BP started legal proceedings in Louisiana against Halliburton, Transocean and Cameron International, its contractors on the Deepwater Horizon rig, claiming that they contributed to the accident.
» Canada's Barrick Gold made a friendly C$7.3 billion ($7.6 billion) offer for Equinox Minerals, which includes a big copper mine in Zambia among its assets, topping a hostile bid from Minmetals Resources, the largest iron and steel trader in China. Minmetals confounded market expectations of a bidding war when it responded by withdrawing its proposal.

Springtime in Zurich
» UBS reported that its core wealth-management business had done much better than expected in the first three months of the year, with net inflows of new money reaching SFr11.1 billion ($11.8 billion). The Swiss bank took far bigger losses than most of its rivals during the financial crisis, causing many wealthy clients to withdraw their cash. UBS pointed to its first-quarter performance as evidence that "trust and confidence" in its business has returned.
» HSBC decided to close its retail-banking operations in Russia. The bank has found it hard to break into the market amid competition from state-controlled Russian banks, such as Sberbank, and other international financial companies. Stuart Gulliver, HSBC's boss, is expected soon to unveil a shake-up of its operations in other emerging markets.
» The audit committee of Berkshire Hathaway, the investment firm led by Warren Buffett, released a report criticising the behaviour of David Sokol, one of Mr Buffett's potential heirs until his abrupt resignation in March. Mr Sokol had bought shares in a company, before recommending that Berkshire consider acquiring it. The committee found Mr Sokol had violated Berkshire's insider-trading and ethics policies, and the company may pursue legal action against him.

A goal for 2014
» Brazil's government said it wanted to increase private-sector involvement in the running of five airports, including São Paulo's international airport. Many of the country's airports are choked, and the government wants them to improve before it hosts the football World Cup.


The Economist | Politics This Week: Highlights of New Coverage from 23rd -29th, April 2011


Politics This Week  



Highlights from The Economist online's Politics this week
» The revolt in Syria: Not so easy
» Yemen's president: On his way at last?
» Palestinian reconcilation: Is it for real?
» Mexico's drug war: Shallow graves, deepening alarm
» Canada's general election: Groundhog day
» Thailand and Cambodia clash: The guns that won't fall silent
» Afghanistan security: Break for the hills
» Sri Lanka: Truth and consequences
» Europe's Schengen zone: Another project in trouble


» Scores more people died in the Syrian government's crackdown on protesters. More than 450 people are reported to have been killed since demonstrations began six weeks ago. The European Union and the UN secretary-general condemned the violence, though the UN Security Council did not. There were calls for sanctions to be imposed on Bashar Assad's regime. See article
» Hosni Mubarak, who has had heart trouble, was ordered by Egypt's chief prosecutor to be moved from a hospital in Sharm el-Sheikh, where he has been staying since his resignation as president in February, to a military medical facility, before being taken to a prison hospital in Cairo. Mr Mubarak and his two sons seem likely to be tried for corruption and ordering troops to fire on demonstrators shortly before his regime fell.
» A deal brokered by the Gulf Co-operation Council, led by Saudi Arabia, proposed that Ali Abdullah Saleh step down as Yemen's president. Though opposition parties have agreed to the deal, pro-democracy protesters are angry that Mr Saleh is to be granted immunity from prosecution. See article
» After a bitter quarrel lasting five years, Mahmoud Abbas's secular Fatah party, which runs the West Bank, and Hamas, the Islamist movement that governs the Gaza Strip, agreed to be reconciled. Under the agreement, brokered by Egypt, the Palestinian factions say they will form a unity government and fix a date for delayed elections. See article
» In Libya the battle continued for Misrata, the only remaining rebel enclave in the west. Colonel Muammar Qaddafi's forces withdrew from the city but the rebels came under heavy fire from the Libyan leader's artillery outside. See article
» The British high commissioner to Malawi was told to leave the country. This came after the leak of a diplomatic cable in which he said that Bingu wa Mutharika, the Malawian president, did not tolerate criticism.

National security shake-up
» Barack Obama nominated Leon Panetta, the CIA's director and a former chief of staff to Bill Clinton, as defence secretary, to take over from Robert Gates. Mr Panetta's replacement as CIA chief is to be General David Petraeus, the commander of coalition forces in Afghanistan.
» Bowing to rumours that have been fanned recently by Donald Trump, the White House released the full version of Mr Obama's birth certificate in an effort to quash the claim of "birthers" that he was not born in the United States. Mr Obama said he decided to release the document as America does not "have time for this kind of silliness". Ardent birthers may disagree. See article
» Tornadoes and storms killed scores of people across southern states; 61 deaths were in Alabama alone.

An unrelenting bloodbath
» The number of bodies found at mass graves in two states in northern Mexico continued to climb, to almost 300. The victims appeared to have been kidnapped by drug gangs. See article
» In a surprising twist in the campaign for Canada's general election on May 2nd, the New Democrats, a small social-democratic party, overhauled the Liberals in the opinion polls to become the main challengers to the Conservative Party of Stephen Harper, the prime minister. See article
» Venezuela's leftist president, Hugo Chávez, increased a windfall tax on the output of PDVSA, the state oil company, and its foreign partners. Officials said this could bring in up to $16 billion a year. Mr Chávez, who will seek another term at an election next year, also wants to raise public-sector wages by up to 66%.

Nationalist claims
» Thailand and Cambodia exchanged fire at disputed points along their border, killing at least 15 people, most of them soldiers, and displacing 60,000 civilians. The clashes are an escalation of skirmishes that began earlier this year. Both sides are expected to meet in Jakarta next week during a summit of South-East Asian leaders. See article
Click Here!
» A spectacular jail break at southern Afghanistan's largest prison saw nearly 500 prisoners, most of them Taliban, scurry to freedom. An officer in the Afghan air force turned his weapon on NATO troops, killing eight people. The government cancelled its annual military parade the next day, citing the lack of security. See article
» A month-long confrontation at Kirti monastery, in a Tibetan part of China's Sichuan province, erupted in violence following the death of a young monk who had set fire to himself. More than 300 Buddhist monks were forcibly removed from the monastery, to undergo "patriotic re-education". Chinese authorities blamed the monks for starting the disturbance.
» Tibetans abroad elected Lobsang Sangay, a legal scholar at Harvard, as prime minister of their government-in-exile, making him the first layman to serve as the community's political leader.
» A panel advising the UN secretary-general issued a report on the final days of Sri Lanka's war against Tamil separatists. Without a mandate to investigate, the panel nonetheless found "credible evidence" that war crimes were committed by both sides in 2009, and that the Sri Lankan army killed tens of thousands of civilians. Sri Lanka's government said the report threatened its ability to build the peace. See article
» Turkmenistan took another small step back from the idol worship of its late president, Saparmurat Niyazov. The stream-of-consciousness life story of the self-styled Turkmenbashi, or father of the Turkmens, was replaced in school graduation exams by courses on computer science.

The Sarko and Silvio show
» Nicolas Sarkozy travelled to Rome to meet Silvio Berlusconi in an attempt to defuse a row over north African migrants arriving in Italy and crossing the border into France. At the pair's press conference, Mr Sarkozy said he backed Mario Draghi, head of Italy's central bank, for the job of president of the European Central Bank. See article

» There were anti-nuclear protests in western Europe, and commemoration ceremonies in Ukraine and Belarus, to mark the 25th anniversary of the Chernobyl disaster.
» A young man and his fiancée were expected to get married in central London on April 29th. Millions of Britons took advantage of the opportunity to take a foreign holiday.

CFTC Files Anti-Fraud Action against California Companies 20/20 Trading Company, Inc. and 20/20 Precious Metals, Inc. and their Employees, Bharat Adatia, Sharief McDowell and Todd Krejci



The CFTC filed an anti-fraud enforcement action against 20/20 Trading Company, Inc. and 20/20 Precious Metals, Inc., both of Laguna Niguel, Calif., and their employees, Bharat “Brad” Adatia of San Juan Capistrano, Calif., Sharief “Sharice” D. McDowell of Loma Linda, Calif., and Todd Krejci of Trabuco Canyon, Calif.

 To read full information click next: 


http://www.cftc.gov/PressRoom/PressReleases/pr6029-11.html


Money Show.com: Daily Trading Alert "Sell in May and Go Away" Desn't Apply in One Market.

MoneyShow.com®

Daily Trading Alert

Tips for Traders
The Best Sentiment Indicator Is Free
, Moby Waller
Options Idea
The Option Trader’s Two Best Friends
, Tyler Craig
Charts in Play
One Right-Sized Tech Stock
, Tom Aspray
Currency Corner
“Sell in May” Doesn’t Apply Here
, Greg Holden
Trading Idea of the Day
Oil Stock Teetering on Support
, Tim Bourquin
Daily Market Studies
Trading Outlook for Today: April 28
, Daniel Gramza
MoneyShow.com Exclusive Interviews
Get Ready for Carry Trade 2.0
, Daniel Hwang
Today's Featured Videos
Fibonacci...Easy as ABCD
, Andrei Knight
How to Trade Safely in Volatile Times
, Brian Dolan

REuters UK | Evening News: Exxon and Shell profits surge on higher oil prices

Reuters




today's headlines

Exxon and Shell profits surge on higher oil prices
U.S. economic growth slows, inflation surges
Syria's Assad facing dissent over Deraa crackdown
Tornadoes and storms rip through U.S. South, 185 dead
Portugal bailout terms seen ready in days - source
BSkyB says demand strong, no comment on News Corp
Sony faces global legal action over data theft; shares fall
Panasonic to axe thousands of jobs, close dozens of plants
Surprise Palestinian unity deal challenges Israel
China's population grows older and more urban
   

more details

Exxon and Shell profits surge on higher oil prices
28 APR 2011 15:02 BST
LONDON (Reuters) - Exxon Mobil and Royal Dutch Shell Plc reported big jumps in first quarter earnings and beat forecasts, thanks to high oil prices and healthy refining margins.

Full Article
U.S. economic growth slows, inflation surges
28 APR 2011 14:09 BST
WASHINGTON (Reuters) - U.S. economic growth braked sharply in the first quarter as higher food and gasoline prices dampened consumer spending, and sent a broad measure of inflation rising at its fastest pace in 2-1/2 years.

Full Article

Syria's Assad facing dissent over Deraa crackdown

28 APR 2011 12:48 BST
AMMAN (Reuters) - Syrian President Bashar al-Assad faced rare dissent within his Baath Party and signs of discontent in the army over violent repression of protesters that a rights group said on Thursday had killed 500 people.

Full Article
Tornadoes and storms rip through U.S. South, 185 dead
28 APR 2011 15:36 BST

BIRMINGHAM, Alabama (Reuters) - Devastating storms and tornadoes raked though the U.S. South, killing at least 185 people as they ripped houses to rubble, flipped cars and uprooted trees and power lines, officials said on Thursday.

Full Article
Portugal bailout terms seen ready in days - source28 APR 2011 14:52 BST
LISBON (Reuters) - A package of conditions for Portugal to meet in return for a bailout from Europe and the IMF should be ready within days, a source said on Thursday as ministers voiced confidence the negotiations were on track.

Full Article
BSkyB says demand strong, no comment on News Corp28 APR 2011 08:47 BST
LONDON (Reuters) - British satellite broadcaster BSkyB, a News Corp bid target, has added more subscribers than expected and raised average revenue per user, thanks to new TV channels and broadband and telephony packages.

Full Article
Sony faces global legal action over data theft; shares fall
28 APR 2011 11:32 BST
TOKYO/WILMINGTON, Delaware (Reuters) - Sony Corp could face legal action across the globe after it delayed disclosing a security breach of its popular PlayStation Network, infuriating gamers and sending the firm's shares down nearly 5 percent in Tokyo on Thursday.

Full Article
Panasonic to axe thousands of jobs, close dozens of plants
28 APR 2011 11:49 BST
TOKYO (Reuters) - Japanese consumer electronics giant Panasonic Corp said it would cut another 17,000 jobs and close up to 70 factories around the world over the next two years in a bid to pare costs and keep up with Asian rivals.

Full Article
Surprise Palestinian unity deal challenges Israel
28 APR 2011 12:59 BST
JERUSALEM (Reuters) - Israel said on Thursday a Palestinian unity deal would sabotage prospects for peace and stemmed from panic by Hamas and Western-backed President Mahmoud Abbas over popular uprisings in Syria and Egypt.

Full Article
China's population grows older and more urban
28 APR 2011 12:45 BST
BEIJING (Reuters) - Half of China's 1.34 billion population live in cities and towns, according to a census on Thursday that pointed to the daunting tasks ahead for policymakers as the labour market shrinks and the nation grows older.

Full Article