BUSINESS News, Jul 03, 2011

Japan officials draw up Tepco breakup plan: report Sat,2 Jul 2011 08:30 PM PDT Reuters - TOKYO (Reuters) - A group of Japanese government heavyweights have written a secret proposal to break up Tokyo Electric Power Co and nationalise its nuclear operations, a newspaper said on Sunday. Full Story1

Euro zone approves further $17.4 billion for Greece Sat,2 Jul 2011 06:18 PM PDT Reuters - BRUSSELS (Reuters) - Euro zone finance ministers agreed on Saturday to disburse a further 12 billion euros ($17.4 billion) to Greece and said the details of a second aid package for Athens would be finalised by mid-September. Full Story1

Euro zone approves further $17.4 billion for Greece Sat,2 Jul 2011 03:17 PM PDT Reuters - BRUSSELS (Reuters) - Euro zone finance ministers agreed on Saturday to disburse a further 12 billion euros ($17.4 billion) to Greece and said the details of a second aid package for Athens would now be finalised by mid-September. Full Story1

Diniz says informed Casino of Carrefour deal: report Sat,2 Jul 2011 01:00 PM PDT Reuters - SAO PAULO (Reuters) Grupo Pao de Acucar Chairman Abilio Diniz said he did not violate his partnership with France's Casino by negotiating a merger with their rival Carrefour in Brazil without informing his partner, the weekly magazine Veja said on Saturday. Full Story1

"Transformers" pushes box office up to $97.6 million Sat,2 Jul 2011 12:04 PM PDT Reuters - LOS ANGELES (TheWrap) - Paramount Pictures' "Transformers: Dark of the Moon" enjoyed a solid third day at U.S. and Canadian box offices, grossing $32.9 million Friday, according to the studio's estimate. Full Story1

Prosecutors could still pursue case against DSK Sat,2 Jul 2011 10:24 AM PDT Reuters - NEW YORK (Reuters) - The rapidly dissolving case against former IMF chief Dominique Strauss-Kahn faces challenges fairly common in sexual assault prosecutions, namely a less-than-perfect accuser. Full Story1

Credibility of accuser key to Strauss-Kahn case Sat,2 Jul 2011 10:24 AM PDT Reuters - NEW YORK (Reuters) - Investigators had to make a snap judgment about the accuser in the sexual assault case against Dominique Strauss-Kahn -- haste that may have contributed to the unraveling of the case. Full Story1

Iraq signs $1.2 billion power deal with Capgent Sat,2 Jul 2011 10:15 AM PDT Reuters - BAGHDAD (Reuters) - Iraq has signed a $1.2 billion contract with Canada's Capgent to build 10 power stations with a total capacity of 1,000 megawatts in a bid to meet local demand, the country's Electricity Ministry said on Saturday. Full Story1

Greek opposition says to vote against new bailout Sat,2 Jul 2011 06:20 AM PDT Reuters - ATHENS (Reuters) - Greece's main opposition party will vote against a second bailout for the debt-ridden country, unless the government changes current economic policy, its head Antonis Samaras said in an interview released on Saturday. Full Story1

China IPOs slow in H1 Sat,2 Jul 2011 04:41 AM PDT Reuters - SHANGHAI (Reuters) - China's IPO market slowed by a fifth in the first half of 2011 amid a lack of mega deals that hit the market the year before, with fundraisings dominated by small businesses, a trend that analysts said could last for a few more months. Full Story1

Analysis: 2nd Greek bailout to hit Finnish collateral snag Sat,2 Jul 2011 03:02 AM PDT Reuters - BRUSSELS (Reuters) - Greek politicians have removed one obstacle this week to a second bailout for their country but euro zone officials must now overcome Finland's condition that it can lend more to Athens only if Greece provides collateral. Full Story1

KKR, Silver Lake to buy Go Daddy for $2.25 billion: sources Fri,1 Jul 2011 07:51 PM PDT Reuters - NEW YORK (Reuters) - Web hosting company The Go Daddy Group Inc agreed to be bought by a private equity consortium led by KKR and Silver Lake for $2.25 billion, including debt, people close to the situation said on Friday. Full Story1

Rally could spell pullback for stocks Fri,1 Jul 2011 07:43 PM PDT Reuters - NEW YORK (Reuters) - A pullback could be on the table next week for stocks after their best weekly performance in two years, especially if a raft of data headlined by the June jobs report doesn't bolster the argument of a strengthening economy. Full Story1

Fewer writers made money in 2010, says Writers Guild Fri,1 Jul 2011 07:33 PM PDT Reuters - LOS ANGELES (TheWrap) - Television writers saw their earnings increase in 2010, but the total number of writers reporting income fell -- and movie writers' income fell by nearly 10 percent -- according to a report the Writers Guild of America West released on Friday. Full Story1

Prosecutors detail lies told by DSK accuser Fri,1 Jul 2011 04:34 PM PDT Reuters - NEW YORK (Reuters) - She lied about being gang-raped in her home country. She cheated on her taxes. And she changed details of her story about being sexually assaulted by a man once seen as the next president of France. Full Story1

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