Nigeria Sun
NigeriaSun.com Wednesday 8th February 2012 Issue 10/064
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Drop in greenback lifts Wall StreetDrop in greenback lifts Wall Street
U.S. stocks nudged higher on Tuesday, with a gain in the Dow Jones of 33 points.

The euro strengthened as a deal with Greece on its bond debt looked increasingly closer.

U.S. investors, as with...


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Cameron unveils plans to upgrade apprenticeship programmesCameron unveils plans to upgrade apprenticeship programmes
LONDON - Prime Minister David Cameron Tuesday unveiled plans to club apprenticeships with higher education to remove the poor class tag often attached to the vocational training programme.

"We...
Microsoft may remove 'iconic' start button in Windows 8
Microsoft's iconic start button, which was introduced in Windows 95, is likely to be removed in the software firm's upcoming Windows 8 version, according to a report.

The start button evolved to...
Lloyds Banking Group restructuring plans to cull 900 more jobsLloyds Banking Group restructuring plans to cull 900 more jobs
London - Part-nationalised Lloyds Banking Group Tuesday announced plans to cut 900 jobs as part of wider plans unveiled last year to cull 15,000 posts across the company.

The banking group,...
JAL says first Dreamliner delivery will be delayedJAL says first Dreamliner delivery will be delayed
TOKYO - Japan Airlines (JAL) said Tuesday that delivery of first Dreamliner aircraft originally expected by February end would be delayed as Boeing was removing a technical glitch in some of the...
As Greece mulls a proposed crunch, unions strike in protest  As Greece mulls a proposed crunch, unions strike in protest
ATHENS - Unions in Greece went on strike against austerity measures Tuesday as Prime Minister Lucas Papademos tried hard to persuade leaders of his coalition government to accept the tough bailout...
Glencore, Xstrata sign giant $90 bn mergerGlencore, Xstrata sign giant $90 bn merger
NEW YORK Mining giant Xstrata and Glencore, the world's biggest commodity trader, have announced a $90 billion all-share merger to create the world's fourth largest natural resources company....
Citigroup becomes first global bank to flood China with credit cards
Citigroup (c) is set to become the first global bank to issue its own credit cards in China.

The financial giant said that Chinese banking regulators have given the company the go-ahead to begin...
1,000 to lose jobs at Lloyds as offices to close
LLOYDS Banking Group is to axe almost 1,000 jobs and close three offices. Sites in Romford, Newcastle upon Tyne and Scunthorpe will close, with the loss of almost 1,000 posts. The Accord union said...
Hecker under tighter wraps at Duluth prison camp
Denny Hecker's former attorney and a onetime business associate worry that the fraudster's move to solitary confinement may be the first step toward a transfer to a traditional prison. For...
Allina's new name focuses on health, not hospitals
Allina Hospitals and Clinics is changing its name to reflect a new mission that shifts the emphasis away from places we go when we're sick and onto disease prevention and personal vitality. The...
Wal-Mart to label healthy foods
As part of its promise last year to improve the nutritional quality of the food it sells, Wal-Mart said Tuesday that it had devised standards to determine what is healthy and would label the foods...
Geelong 'faces devastation' if Alcoa goes
Alcoa has launched a major review of its aluminium smelter in Geelong, sparking fears that 600 jobs could be axed in Victoria's second largest...
O, no! Oprah mag’s newsstand sales plunge
MEDIA INK If the economy is on the mend, someone forgot to tell the nation’s magazine-lovers. Of the top 25 glossy magazines in the country, all but four posted newsstand sale declines in the...
NBC scores 2.1M Super streamers
More than 2 million football fans streamed the Super Bowl live on their computers and iPads, NBC said yesterday.It was the first time the NFL’s title game was legally streamed and the network...
Rumors sprucing up Sears
Sears shares got another boost yesterday - this time on unsubstantiated chatter that Chairman Eddie Lampert has tapped Goldman Sachs to sell the company.The surge, which sent the struggling...
Mud flies in Stanford trial
HOUSTON - Lawyers for jailed financier R. Allen Stanford tried to persuade a jury here that his former money man was the real brains behind a scheme to bilk billions from investors, branding him a...
4 leave, 2 join Yahoo!’s board
Yahoo!, a month after hiring Scott Thompson as chief executive officer, added two directors and announced the departure of Chairman Roy Bostock and three others in a board shake-up aimed at spurring...
Heat on PepsiCo’s ‘sin tax’
The fee would be waived if workers participated in a four-to-six week wellness program. Three Teamster locals, representing about 300 drivers, salesmen and warehouse workers at PepsiCo’s...
Alcoa Australia reviews future of Point Henry aluminium smelter
With the current global economic conditions rendering the operation unprofitable, the company is reviewing the future of its 190,000 tonne Point Henry aluminium smelter in...
Eurozone crisis live: Greek bailout talks due today
George Karatzaferis, Antonis Samaras, Lucas Papademos and George Papandreou should get around a table today to discuss Greece's second bailout. Photograph: Aris Messinis/AFP/Getty...
Mothercare hires LoveFilm chief executive Simon Calver
Mothercare has poached LoveFilm chief executive Simon Calver to lead the turnaround efforts at the struggling high street chain.Calver, a former management consultant and branding expert, ran...
Wednesday Newspaper Review - Irish Business News and International Stories - - February 08, 2012
See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when...
German exports fell in December; Exports rose 11.4% in 2011 to €1.06trn
German exports, adjusted for work days and seasonal changes, fell 4.3% in the month of December, Destatis the federal statistics office said today. German exports gained 11.4% n 2011 to EUR1.06trn,...
Nissan Profit Up on Brisk Sales, Keeps Forecasts
posted a 3.6 percent rise in quarterly operating profit on Wednesday on the back of brisk car sales worldwide and kept its full-year forecasts unchanged at the highest level among Japan's top...
Santorum's Twin Victories Revive White House Hopes
Former U.S. senator Rick Santorum rejuvenated his presidential hopes on Tuesday with overwhelming victories over front-runner Mitt Romney in Republican nominating contests in Missouri and...
RBS Shake-Up Has Cost $60.5 Billion So Far
Stephen Hester has revealed that the dramatic restructuring of Royal Bank of Scotland has cost 38 billion pounds ($60.5 billion) in a rallying memo to staff days after the embattled chief executive...
Syngenta Eyes More Earnings Growth in 2012
Syngenta, the world's largest agrochemicals company, is aiming for higher earnings this year as price hikes and cost-cuts are expected to help it offset the impact of the strong Swiss franc and...
China Needs Hard Landing to 'Cleanse' Economy: Pro
After the U.S. and Europe, China's economy is going to be next in line for a major credit crisis and Chinese policymakers must allow a hard landing to "cleanse" the economy, Bill...
Massive Shake-Up at Yahoo
CNBC's Seema Mody and Jon Fortt have the details on a massive shake-up at Yahoo, with four board members leaving. Also, New York's AG abruptly cancelled a news conference over foreclosure...
Greece Fear Factor May Have Caused Most to Miss Rally
Market volume has been on a steady dropoff since concerns over European debt re-emerged last August, even as stocks have been on an equally persistent climb. But rather than being prudent as they...
Dan Nathan’s Options Play On Apple HDTV Spike
"One of the things you can do is protecting your long stock," he said, adding that he was buying February 460 puts. "If you want to use options for risk-management purposes, tactically...
Giuliani: Not Sure Which GOP Candidate to Endorse
Rudy Giuliani, Giuliani Partners, discusses Mitt Romney's flip-flop on issues, and why he has not yet endorsed the GOP front-runner, saying the vitriolic nature of the campaign is...
Citigroup announces permission to launch credit cards in China
SHANGHAI -- Citigroup said it has won permission to issue credit cards in China, a first for a foreign bank amid complaints regulators largely shut out overseas competitors from tapping the massive...
Glencore’s $39 Billion Xstrata Offer Hinges on ‘Super’ 16%
Feb. 8 (Bloomberg) -- The fate of Glencore International Plc’s 24.3 billion pound ($39 billion) offer for Xstrata Plc, already opposed by some shareholders, hinges on a small minority of...
Caesars Fetches $1.13 Billion Market Value After Pricing IPO
Feb. 8 (Bloomberg) -- Caesars Entertainment Corp., the casino chain saddled with more than $22 billion in debt, completed an initial public offering that gives the company a market value of $1.13...
Sony Credit Rating Downgraded by S&P on Concerns About Earnings
Feb. 8 (Bloomberg) -- Sony Corp., which widened its loss forecast for the fiscal year, had its credit rating lowered one level by Standard & Poor’s because of falling prices, waning demand...
Qantas A380 Jet Grounded After Cracks Found in Wing Parts
Feb. 8 (Bloomberg) -- Qantas Airways Ltd., Australia’s largest carrier, suspended use of one of its Airbus SAS A380 passenger jets for as long as a week after discovering cracks in wing...
South Korea Votes to Set Limits on Greenhouse Gas Emissions
Feb. 8 (Bloomberg) -- South Korean lawmakers voted to impose greenhouse-gas limits on its large st companies, making it the third Asia-Pacific nation to set targets opposed by...
Thai Leader’s Plan to Redraw Constitution Threatens Discord
Feb. 8 (Bloomberg) -- Thai Prime Minister Yingluck Shinawatra’s party will present a plan for overhauling a constitution written after a 2006 coup that ousted her brother, a move that threatens...
China’s Central Bank Pledges Support for Housing Market: Economy
Feb. 8 (Bloomberg) -- China’s central bank pledged support for first-home buyers as a crackdown on real-estate speculation threatens to trigger a property slump in the world’s second-...
NZ shares rise on Hallenstein earnings
Source: Reuters New Zealand shares rose, pushing the NZX 50 Index to a three-month high, after insurer Tower said it was mulling a capital return and retailer Hallenstein Glasson Holdings flagged a...
Wal-Mart debuts 'Great for You' seal
NEW YORK — You may like the food you buy, but is it "Great for You"? Wal-Mart Stores Inc. plans to help its customers figure that out by adding a new green icon that reads...
Honeywell ready for military budget cuts
Honeywell expects a decline in its defense and space business but says it will weather U.S. military budget cuts through increased efficiency and other methods. The outlook and plans were detailed...
Aluminum Over Copper for Cables Helps Rusal, Alcoa: Commodities
Feb. 8 (Bloomberg) -- Copper has climbed to almost four times the price of aluminum, a record ratio that’s accelerating a switch by manufacturers to using the cheaper metal in electric cables...
United Micro Fourth-Quarter Earnings Drop 82% as Demand Slows
Feb. 8 (Bloomberg) -- United Microelectronics Corp., the world’s second-largest contract maker of chips, said fourth- quarter profit fell 82...
Why Metro now rules at Microsoft
(Credit: Jay Greene/CNET) Microsoft chief executive Steve Ballmer told you all you really need to know about the importance of the company's Metro user...
Microsoft brings OneNote to arch-rival OS Android
, continuing an expansion of the note-taking software beyond the company's own operating systems. "Mobile versions of OneNote are currently available on Windows...
Asian shares gain, euro steadies as Greek talks in final stage
TOKYO (Reuters) - Asian shares hit their highest level in more than five months on Wednesday and the euro hovered close to an 8-week high as investors kept hopes alive for an agreement on details of...