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    Business Headlines
    Siemens CFO blasts NSN German job cut plan: paper

    Employees of Nokia Siemens Networks demonstrate in front of the German headquarters of NSN against job cuts in MunichFRANKFURT (Reuters) - Siemens finance chief Joe Kaeser has blasted the way joint venture Nokia Siemens Networks (NSN) was handling planned job cuts in Germany and called on it to hold talks with labor. "Siemens will not accept without a fuss that NSN simply disappears from Munich," Kaeser told the Sueddeutsche Zeitung newspaper in Siemens's home town. "It is really time for NSN management and labor representatives to sit down and constructively seek economically sustainable solutions for the Munich site," he said in the interview published on Saturday. ...


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    2012-03-10T19:29:15Z - Business News Headlines - Yahoo! News
    Greece eyes elections after debt deal

    Greece's PM Papademos talks with Finance minister Venizelos before a cabinet meeting at the parliament in AthensATHENS (Reuters) - Greek Finance Minister Evangelos Venizelos formally submitted his candidacy to lead the Socialist PASOK party on Saturday, as the focus in Athens shifted to elections expected once an international bailout deal is cleared. Greece averted the immediate threat of an uncontrolled default on Thursday when it successfully concluded a bond swap deal under which private sector creditors agreed to accept deep cuts in the value of their holdings. "There is now more than just recession, budget cuts and tax increases ... ...


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    2012-03-10T20:37:42Z - Business News Headlines - Yahoo! News
    US orders safety changes after Japan crisis

    FILE - In this Nov. 9, 2010 file photo, Nuclear Regulatory Commission (NRC) Chairman Gregory Jaczko is interviewed by The Associated Press in Atlanta. The NRC is ordering sweeping safety changes for U.S. nuclear power plants triggered by the crisis in Japan. Orders issued Friday require U.S. nuclear plants to install or improve venting systems to limit core damage in a serious accident, and to install sophisticated equipment to monitor water levels in pools holding radioactive spent-fuel rods. (AP Photo/David Goldman, File)The Nuclear Regulatory Commission ordered major safety changes for U.S. nuclear power plants Friday, two days before the one-year anniversary of the nuclear crisis in Japan.


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    2012-03-10T00:58:20Z - Business News Headlines - Yahoo! News
    Strong 3 months of hiring as US adds 227,000 jobs

    In this Thursday, March 8, 2012 photo, a help-wanted sign displays outside the Mayfield Drive-In movie theater in Chardon, Ohio. U.S. employers added 227,000 jobs in February to complete three of the best months of hiring since the recession began. The unemployment rate was unchanged, largely because more people streamed into the work force. The Labor Department said Friday, March 9, 2012, that the unemployment rate stayed at 8.3 percent last month, the lowest in three years. (AP Photo/Amy Sancetta)The United States added 227,000 jobs in February, the latest display of the breadth and strength of the economic recovery. The country has put together the most impressive three months of job growth since before the Great Recession.


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    2012-03-10T02:00:09Z - Business News Headlines - Yahoo! News
    Brazil wants Mexico to limit car exports
    The Brazilian government officially asked Mexico to set a $1.4 billion annual limit on the auto exports it ships to Brazil, an official with direct knowledge of trade talks between the two nations said Friday. -- read full article
    2012-03-10T02:25:51Z - Business News Headlines - Yahoo! News
    Greece secures biggest debt deal in history

    People wait to receive money from an ATM at an Alpha Bank branch in Athens, on Thursday, March 8, 2012. Greece's race to slice euro107 billion ($140 billion) off its national debt entered the final stretch Thursday, with markets confident enough private investors will decide to accept a deal to write down the value of their Greek bond holdings. (AP Photo/Thanassis Stavrakis)Greece's private creditors agreed Friday to take cents on the euro in the biggest debt writedown in history, paving the way for an enormous second bailout for the country to keep Europe's economy from being dragged further into chaos.


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    2012-03-10T02:40:21Z - Business News Headlines - Yahoo! News
    Former NYT Co. CEO retired with $23M package
    Former New York Times CEO Janet Robinson retired from the newspaper publisher late last year with a severance package valued at about $23 million. -- read full article
    2012-03-10T02:44:11Z - Business News Headlines - Yahoo! News
    China's February trade rebounds after holiday lull
    China says its trade rebounded in February after a Lunar New Year slowdown but a broader measure gave clear signs both global and Chinese demand are weakening. -- read full article
    2012-03-10T03:38:28Z - Business News Headlines - Yahoo! News
    Obama: 'America is coming back'

    President Barack Obama gestures during a speech on the economy,Friday, March 9, 2012, at the Rolls Royce aircraft engine part production plant in Prince George, Va. (AP Photo/Steve Helber)Raising campaign cash in Republican territory, President Barack Obama on Friday hailed a rebounding economy and accused Republicans of banking on voters having "amnesia" about the steps that led to a brutal economic collapse.


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    2012-03-10T03:50:21Z - Business News Headlines - Yahoo! News
    China reports rare trade deficit as imports jump

    In this photo taken Tuesday, Feb. 28, 2012, a truck transports a container to be loaded onto a ship at a port in Tianjin, China. China says its trade rebounded in February after a Lunar New Year slowdown but a broader measure gave clear signs both global and Chinese demand are weakening. Customs data Saturday, March 10, 2012 showed exports grew 18.4 percent over a year earlier, up from January's 0.5 percent contraction. Imports jumped 39.6 percent, up from the previous month's decline of 15 percent. (AP Photo/Alexander F. Yuan)China reported its biggest monthly trade deficit in at least a decade in February as imports rebounded after a Lunar New Year holiday slowdown, but a broader measure showed global and Chinese demand both weakening.


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    2012-03-10T04:40:01Z - Business News Headlines - Yahoo! News
    Company agrees to pay fine in deadly mine collapse

    FILE - This Aug. 10, 2007 file photo shows more than 200 people attending a candlelight vigil near Huntington, Utah, for miners trapped in the collapse at Crandall Canyon Mine. The operator of the Crandall Canyon mine agreed on Friday March 9, 2012, to plead guilty to two misdemeanor criminal charges and pay a $500,000 fine. (AP Photo/The Salt Lake Tribune, Chris Detrick) DESERET NEWS OUT; LOCAL TV OUTThe operator of a Utah coal mine where a 2007 collapse led to the deaths of nine people agreed on Friday to plead guilty to two misdemeanor criminal charges and pay a $500,000 fine.


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    2012-03-10T05:37:43Z - Business News Headlines - Yahoo! News
    Obama strikes back at GOP critics on gas prices

    President Barack Obama speaks at a campaign event at Minute Maid Park, Friday, March, 9, 2012, in Houston, Texas. (AP Photo/Pablo Martinez Monsivais)President Barack Obama is hitting back at Republican criticism of his energy policies and his role in controlling gasoline prices.


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    2012-03-10T11:05:11Z - Business News Headlines - Yahoo! News
    Greece averts immediate default, markets skeptical

    Greece's Finance Minister Venizelos addresses reporters during a news conference in AthensATHENS (Reuters) - Greece averted the immediate threat of an uncontrolled default on Friday, winning strong acceptance from its private creditors for a bond swap deal which will eat into its mountainous public debt and clear the way for a new bailout. With euro zone ministers set to approve the 130 billion euro ($172 billion) rescue, French President Nicolas Sarkozy declared the Greek problem had been settled - just as Germany said that any impression the crisis was over "would be a big mistake. ...


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    2012-03-09T23:08:40Z - Business News Headlines - Yahoo! News
    Morgan Stanley banker pleads not guilty in cab driver assault

    Morgan Stanley investment banker William Bryan Jennings and his attorney, Eugene Riccio, attend a hearing at State Superior Court in StamfordSTAMFORD, Connecticut (Reuters) - A senior Morgan Stanley banker pleaded not guilty on Friday to hate crime, theft and assault charges stemming from an incident last December that police say escalated from a dispute over a $200-plus cab fare to a knife attack on the driver. William Bryan Jennings, who had been co-head of North American fixed-income capital markets at the Wall Street bank until being put on leave following his arrest last month, entered "not guilty" pleas to each of three charges against him. ...


    -- read full article
    2012-03-10T00:02:20Z - Business News Headlines - Yahoo! News
    Apollo's Black gets $104 million in distributions, pay

    Apollo Management LP Managing Partner Black speaks at The Milken Institute Global Conference in Beverly Hills(Reuters) - Apollo Global Management LLC co-founder Leon Black will take home $104.2 million in 2011 dividends, salary and share of profits from the private equity firm, more than twice what he got in 2010, thanks to the firm's record investment payouts. Apollo's revenues from realized carried interest - its cut from the profits it makes investors - hit an all-time annual high of $645 million in 2011 due to cash payouts from some of its realized investments, such as the sale of Parallel Petroleum to Samsung C&T Corp for $772 million. ...


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    2012-03-10T02:12:14Z - Business News Headlines - Yahoo! News
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