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• Greek leaders agree most cuts, lenders stay on-source
• Insight: As scandal grew, Nomura chairman pushed for shake-up
• Credit Suisse scales back Mideast private banking research: sources
• Data of 8.7 million KT subscribers hacked in South Korea
• Italy business lobby sees urgent need for euro bank union
• Earnings perform like 2009; Boos then, boos now
• 'Dark Knight' stays atop box office with $64M
• Tech titans face off in court over iPhone, iPad
• Merkel, Monti: will do all to protect eurozone
• Dubai developer Emaar posts steep 2Q profit gain
• Olympic viewing: NBC sets opening ceremony record
• SEC says Chinese firm illegally traded on oil deal
• SEC says Chinese firm illegal traded on oil deal
• House Ways and Means chairman fighting cancer
• Chinese city kills project after pollution protest

Greek leaders agree most cuts, lenders stay on-source Posted: 29 Jul 2012 06:18 AM PDT ATHENS (Reuters) - Political leaders in Greece have agreed on most of the austerity measures demanded by its creditors and are now eyeing pension and wage cuts to find the final 1.5 billion euros of savings still needed, a source close to the talks said on Sunday. Greece must find savings worth 11.5 billion euros for 2013 and 2014 to satisfy its increasingly impatient lenders, who are currently visiting Athens to evaluate the country's progress in complying with the terms of its latest bailout. ...

Insight: As scandal grew, Nomura chairman pushed for shake-up Posted: 29 Jul 2012 02:45 AM PDT TOKYO (Reuters) - The biggest management shake-up at Nomura Holdings in a decade and a half was orchestrated by the bank's chairman with the secrecy and precision of a military operation. The closely guarded timing of Thursday's announcement that Chief Executive Kenichi Watanabe was quitting stunned senior managers at Japan's top investment bank. Watanabe, 59, had vowed only a month ago to ride out an insider trading scandal. ...

Credit Suisse scales back Mideast private banking research: sources Posted: 29 Jul 2012 02:43 AM PDT DUBAI (Reuters) - Credit Suisse has moved the head of its Middle East private banking equity research division to Geneva, two sources told Reuters on Sunday, the latest European bank to scale back research roles in the region. Kamran Butt will support private banking sales in Switzerland with market research after spending six years in Dubai, two people familiar with the matter said. "Other analysts from outside the Middle East will be covering the local market here," one source, who spoke on condition of anonymity because the matter is not public, said. ...

Data of 8.7 million KT subscribers hacked in South Korea Posted: 28 Jul 2012 09:43 PM PDT SEOUL (Reuters) - KT Corp., South Korea's No. 2 wireless service provider, apologized on Sunday after personal data of millions of mobile phone subscribers was hacked. It is the latest in a string of large-scale personal information hacking cases in one of the world's most wired countries. Police said two computer programmers had been arrested for hacking personal data of about 8.7 million KT subscribers. KT claims a mobile service subscription membership of 16 million. ...

Italy business lobby sees urgent need for euro bank union Posted: 28 Jul 2012 09:04 AM PDT MILAN (Reuters) - Italy's biggest business lobby called on Saturday for quick implementation of a European Union summit decision last month to create a banking union, as credit in Italy and other peripheral euro-zone countries dries up. "The euro-zone bank union must be implemented more quickly than what was decided at end June, with supervision and risks joined together and direct recapitalization of banks by the EFSF-ESM funds," Confindustria research body CSC said in a study. ...

Earnings perform like 2009; Boos then, boos now Posted: 29 Jul 2012 09:19 AM PDT Nobody in Corporate America wants to go back to 2009, but by one measure companies are there right now.

'Dark Knight' stays atop box office with $64M Posted: 29 Jul 2012 08:48 AM PDT "The Dark Knight Rises" stayed atop the box office for the second straight weekend, making just over $64 million. But it's lagging behind the staggering numbers of its predecessor, 2008's "The Dark Knight."

Tech titans face off in court over iPhone, iPad Posted: 29 Jul 2012 08:46 AM PDT Two tech titans will square off in federal court Monday in a closely watched trial over control of the U.S. smart phone and computer tablet markets.

Merkel, Monti: will do all to protect eurozone Posted: 29 Jul 2012 08:14 AM PDT The German and Italian leaders have pledged to do everything to protect the eurozone, adding to a string of assurances over recent days that Europe is determined to get a grip on the continent's debt crisis — but their governments again gave no details of any action.

Dubai developer Emaar posts steep 2Q profit gain Posted: 29 Jul 2012 05:15 AM PDT The Dubai developer of the world's tallest building says it believes the emirate's battered property market is starting to improve as its second-quarter profits more than doubled.

Olympic viewing: NBC sets opening ceremony record Posted: 28 Jul 2012 06:40 PM PDT A look at media coverage of the London Olympics:

SEC says Chinese firm illegally traded on oil deal Posted: 28 Jul 2012 03:17 PM PDT The Securities and Exchange Commission said Friday that it froze assets of Hong Kong traders who bought stock in a Canadian company before a firm owned by the Chinese government announced plans to buy it this week.

SEC says Chinese firm illegal traded on oil deal Posted: 28 Jul 2012 02:14 PM PDT The Securities and Exchange Commission said Friday that it froze assets of Hong Kong traders who bought stock in a Canadian company before a firm owned by the Chinese government announced plans to buy it this week.

House Ways and Means chairman fighting cancer Posted: 28 Jul 2012 02:05 PM PDT The chairman of the House's tax-writing committee says he's been diagnosed with a "very early, highly treatable and curable type" of cancer.

Chinese city kills project after pollution protest Posted: 28 Jul 2012 12:26 PM PDT Authorities in eastern China dropped plans for a waste water discharge project Saturday after thousands of protesters angry about pollution took to the streets. It was the latest of many such confrontations in a country where three decades of rapid economic expansion have come at an environmental price.

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