BUSINESS News, Jun 28, 2011

Honda CFO says profit forecast not conservative Mon,27 Jun 2011 08:28 PM PDT Reuters - TOKYO (Reuters) - Honda Motor Co's annual operating profit forecast is not conservative given the yen's strength and soaring raw materials prices, the automaker's chief financial officer said on Tuesday. Full Story1 Dish stands alone in TerreStar bid: sources Mon,27 Jun 2011 05:24 PM PDT Reuters - NEW YORK (Reuters) - TerreStar Networks Inc did not receive any competing bids for its assets Monday, clearing the way for Dish Network Corp to acquire the company for about $1.38 billion, according to sources with direct knowledge of the situation. Full Story1 Dish stands alone in TerreStar bid: sources Mon,27 Jun 2011 04:54 PM PDT Reuters - NEW YORK (Reuters) - TerreStar Networks Inc did not receive any competing bids for its assets Monday, clearing the way for Dish Network Corp to acquire the company for about $1.38 billion, according to sources with direct knowledge of the situation. Full Story1 Lululemon eyes $1 billion in revenue Mon,27 Jun 2011 04:30 PM PDT Reuters - TORONTO/NEW YORK (Reuters) - Lululemon Athletica Inc is not feeling threatened by new premium yoga lines from big-name sportswear manufacturers such as Nike and Adidas , despite worries that competition might cut into its phenomenal growth curve. Full Story1 Willbros settles contract dispute with TransCanada Mon,27 Jun 2011 03:47 PM PDT Reuters - (Reuters) - Engineering and construction services firm Willbros Group Inc said it will get $61 million in cash, following the settlement of a $71.2 million payment dispute with TransCanada Corp . Full Story1 SEC grants extension for market access rule Mon,27 Jun 2011 03:37 PM PDT Reuters - WASHINGTON (Reuters) - Broker-dealers won additional time from federal regulators to comply with new rules banning "naked access," where brokers rent their IDs to unlicensed high-speed traders. Full Story1 U.S., India mum on IMF race but upbeat on reform Mon,27 Jun 2011 03:06 PM PDT Reuters - WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner and Indian Finance Minister Pranab Mukherjee kept mum on Monday on which candidate their countries are backing to lead the International Monetary Fund. Full Story1 Ex-Citigroup VP pleads not guilty in fraud case Mon,27 Jun 2011 03:04 PM PDT Reuters - NEW YORK (Reuters) - A former Citigroup Inc vice president charged with embezzling $19 million from the bank's accounts -- an alleged fraud that went undiscovered for more than a year and a half -- pleaded not guilty in Brooklyn federal court on Monday. Full Story1 Lehman to sell Toy Center for $700 million: report Mon,27 Jun 2011 02:49 PM PDT Reuters - NEW YORK (Reuters) - Lehman Brothers Holdings Inc is preparing to sell its stake in a Manhattan building that once housed the International Toy Center to JPMorgan Chase & Co for about $700 million, the Wall Street Journal said on Monday, citing people familiar with the matter. Full Story1 Goldman's Solomon: Dark horse contender in CEO race Mon,27 Jun 2011 02:44 PM PDT Reuters - Solomon avoids the spotlight. Bald and paunchy, with a gravelly voice and a casual demeanor, he hardly radiates power. Described by friends as a family man close to his wife and two daughters, Solomon lives in an apartment on tony Central Park West in Manhattan, and is not known to flaunt his wealth. Full Story1 Too soon to judge impact of Greek package: S&P exec Mon,27 Jun 2011 02:30 PM PDT Reuters - VIENNA (Reuters) - It is too soon to judge the ratings impact of a debt relief package involving the private sector being put together for Greece, a senior official at the Standard & Poor's rating agency told Austrian television. Full Story1 Consumer spending breaks 10-month rising streak Mon,27 Jun 2011 02:09 PM PDT Reuters - WASHINGTON (Reuters) - U.S. consumer spending failed to rise in May, breaking 10 straight months of gains, as households struggled with rising prices and automakers could not deliver some popular models due to fallout from Japan's earthquake. Full Story1 Wall St up as banks rally but gains could be brief Mon,27 Jun 2011 02:06 PM PDT Reuters - NEW YORK (Reuters) - Stocks rose from three days of losses on Monday, led by banks after news of more favorable capital requirements and optimism over Greece's austerity plan, but investors cautioned against high hopes. Full Story1 World Bank acts to encourage investing in Mideast Mon,27 Jun 2011 02:04 PM PDT Reuters - WASHINGTON (Reuters) - The World Bank's political risk guarantee agency said on Monday it would mobilize about $1 billion for insurance coverage for countries in the Middle East and North Africa to encourage foreign direct investment. Full Story1

 

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