Business News

A man shouts slogans during a protest outside headquarters of Spain's fourth largest bank Bankia in Madrid May 24, 2012. REUTERS/Sergio Pere

Fri, May 25, 2012

Spain's Bankia shares suspended: regulator

MADRID (Reuters) - Trading in the securities of Spanish lender Bankia has been suspended "due to circumstances that may affect the normal share trading," stock ...

Workers check Toyota Motor Co's newly produced Corolla vehicles at the company's subsidiary Central Motor's Miyagi plant following a line-of

Fri, May 25, 2012

Toyota plans eight compacts for emerging markets

By Chang-Ran Kim

TOKYO (Reuters) - Toyota Motor Corp <7203.T> said on Friday it would roll out eight compact car models tailored for emerging markets by ...

People walk past the Handelsbanken head office in Stockholm December 9, 2011. REUTERS/Ints Kalnins

Fri, May 25, 2012

Moody's cuts ratings for three Nordic banks

STOCKHOLM (Reuters) - Moody's cut ratings for DNB , Handelsbanken and Nordea on Friday in an expected move, pointing to vulnerability in terms of the ...

A stainless steel product line is seen at a factory of Baosteel Group Corp., China's biggest steel maker, in Shanghai July 6, 2010. REUTERS/

Fri, May 25, 2012

China approves Baosteel's $11 billion steel project in Guangdong

BEIJING (Reuters) - The Chinese government has given Baosteel Group the go-ahead to build a 10-million tonne per annum steel project at Zhanjiang port in ...

Fri, May 25, 2012

Chinese Estates head to be prosecuted in Macau over bribery

By Alex Frew McMillan

HONG KONG (Reuters) - Hong Kong tycoon Joseph Lau, who heads developer Chinese Estates Holdings <0127.HK>, will face prosecution over bribery and ...

In this photo illustration, a Facebook logo on a computer screen is seen through glasses held by a woman in Bern May 19, 2012. Picture taken

Thu, May 24, 2012

Exclusive: Fidelity facing "thousands" hit by Facebook woes

By Jessica Toonkel and Tim McLaughlin

BOSTON (Reuters) - Fidelity Investments said it was working with "thousands" of brokerage clients affected by trading issues that ...

A man walks past a logo of Alibaba (China) Technology Co. Ltd at its headquarters on the outskirts of Hangzhou, Zhejiang province August 11,

Thu, May 24, 2012

Alibaba.com says 83.8 percent of shareholders back privatization

HONG KONG (Reuters) - Alibaba.com Ltd <1688.HK>, Hong Kong-listed unit of China's Alibaba Group , said on Friday that 83.8 percent of its shareholders ...

Thu, May 24, 2012

Lockheed uses temporary workers at striking Texas plant

By Jim Wolf

WASHINGTON (Reuters) - Lockheed Martin Corp , the Pentagon's top supplier by sales, began using temporary workers on Thursday in place of ...

Thu, May 24, 2012

Fannie Mae narrows CEO search to two: report

(Reuters) - Fannie Mae could soon offer its top job to Timothy Mayopoulos, the government-controlled mortgage firm's general counsel, the Wall Street Journal reported ...

Thu, May 24, 2012

Independent director Daft quits Green Mountain board

By Mihir Dalal and Martinne Geller

(Reuters) - Green Mountain Coffee Roasters Inc independent director Douglas Daft resigned from its board this week at a ...