Euro zone economy to shrink again in 2013, EU says
BRUSSELS (Reuters) – The euro zone will not return to growth until 2014, the European Commission said on Friday, reversing its prediction for an end to recession this year and blaming a lack of bank lending and record joblessness for delaying the recov…
Stock futures rise after HP earnings, German data
NEW YORK (Reuters) – Stock index futures rose on Friday, indicating the S&P 500 may halt a two-day losing skid, boosted by positive economic data from Europe and better-than-expected earnings from Hewlett-Packard.
U.S. Gulf Coast oil spillers about to face day in court
(Reuters) – Nearly three years after a deepwater well rupture killed 11 men, sank a rig and spewed 4 million barrels of oil into the Gulf of Mexico, BP and the other companies involved are scheduled to face their judge in court.
EU offers banks chance to cut fines in rate-fixing probe: sources
PARIS (Reuters) – The European Commission wants to conclude its investigation into the fixing of lending benchmarks Euribor and Libor this year and has offered several banks under suspicion the possibility of a settlement to reduce hefty fines, sources…
Analysis: Italian firms innovate to fight recession
MILAN (Reuters) – Bioplastics group Mossi & Ghisolfi has hired 50 people a year for the last five years – not bad when Italy’s unemployment has risen steadily to a 13-year high above 11 percent.
Sharp revival plan unlikely to include Hon Hai capital: sources
TOKYO (Reuters) – Sharp Corp is unlikely to include a capital infusion from Hon Hai Precision Industry Co Ltd in its turnaround plan as talks between the two companies have hit a snag, sources familiar with the matter said.
Analysis: Global central banks will keep taking it easy
LONDON (Reuters) – Central banks are in a deep easy-money hole of their own digging that they will have to start filling in at some point. But that day still looks quite some way off.
United Continental says removing Boeing 787 from flight plans
(Reuters) – United Continental Holdings said on Thursday it was taking Boeing Co’s grounded 787 Dreamliner out of its flying plans through June 5, except for a Denver-to-Tokyo route scheduled for a tentative launch in May.
UK watchdog takes aim at UK accounting deals
LONDON (Reuters) – Britain’s listed companies could be forced to switch accountants to boost competition and end the cozy relationships that have dismayed shareholders, a UK watchdog warned on Friday.
Pepsi suddenly scarce in Thailand after bottler breakup
BANGKOK (Reuters) – The day after PepsiCo Inc’s bottling deal in Thailand expired, its partner of 59 years launched its own soft drink that has knocked Pepsi off store shelves.
