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• Wall Street up on Spain optimism, Apple scales new peak
• Grumbling over maps fails to dampen Apple iPhone 5 fever
• Xstrata granted extra week to decide on Glencore merger
• Germany's Schaeuble says Spain doesn't need bailout
• Troika report on Greece may come after U.S. vote
• Universal gets EU nod for $1.9-billion EMI buy, must sell assets
• German, French leaders to discuss EADS, banking union
• Swiss railway weighs challenge to Apple over trademark clock
• Exclusive: Spain eyes pension reform with aid package in sight
• iPhone 5 launch draws Apple fans worldwide
• In US, stocks higher; in Europe, vows to save euro
• In automated market, old-fashioned paper hangs on
• BlackBerry service down in Europe, Mideast, Africa
• Central Bank bars Nigeria airlines from bank loans
• Wal-Mart to open Indian stores in 12 to 18 months
• EU OK's Universal purchase of British label EMI
• GM recalls midsize cars to fix transmission cables
• Darden profit rises ahead of Olive Garden revamp
• Unemployment rates rise in half of US states
• Unemployment rates rise in half of US states
• Troika report on Greece may come after U.S. vote
• TomTom defends data after Apple map glitches
• Germany's Schaeuble says Spain doesn't need bailout
• German finance min: no need for more Spain aid
• Swiss railway weighs challenge to Apple over trademark clock
• German, French leaders to discuss EADS, banking union
• Darden profit rises ahead of Olive Garden revamp
• iPhone 5 launch draws Apple fans worldwide
• Time Warner Cable reaches deal to carry NFL Network: source
• Exclusive: Spain eyes pension reform with aid package in sight
• Spain needs no sovereign bailout: German minister
• Central Bank bars Nigeria airlines from bank loans
• Tame Canadian data shows little rate hike pressure
• Greece's Samaras says euro exit not an option, would be disaster
• Greece assured troika report will not be delayed: official
• U.S. FTC approves Universal's acquisition of EMI recorded music
• Honda aims to double global auto sales in 5 years
• Kenyan shilling flat vs dollar as liquidity tightens
• Swiss to loosen bank secrecy for own citizens too

Wall Street up on Spain optimism, Apple scales new peak Posted: 21 Sep 2012 08:01 AM PDT NEW YORK (Reuters) - Stocks opened higher on Friday as Spain moved toward reform measures in anticipation of a bailout package and as Apple debuted its latest iPhone worldwide, sending its shares up to a new peak. Spain is considering freezing pensions and speeding up a planned rise in the retirement age as it races to cut spending and meet conditions of an expected international sovereign aid package, sources with knowledge of the matter said. ...

Grumbling over maps fails to dampen Apple iPhone 5 fever Posted: 21 Sep 2012 08:08 AM PDT LONDON/TOKYO (Reuters) - Apple fans queued around city blocks worldwide on Friday to get their hands on the new iPhone 5 - but grumbling about inaccurate maps tempered the excitement. The new smartphone went on sale across the United States, Europe, Asia and Australia, with mobile carriers reporting record demand that looked likely to stretch Apple's supply capacity. "It looks like another strong opening day for Apple. They should sell more iPhone 5s than any prior model," said BTIG analyst Walt Piecyk. Apple shares gained 0.8 percent reaching, a high of $704.67 in morning trading in New York. ...

Xstrata granted extra week to decide on Glencore merger Posted: 21 Sep 2012 08:14 AM PDT LONDON (Reuters) - Britain's takeover regulator has granted global miner Xstrata and trading house Glencore an extra week to allow Xstrata to further consider its response to a $36 billion revised bid from Glencore. Xstrata now has until October 1 to say whether or not it will recommend Glencore's offer to shareholders. Glencore, Xstrata's biggest shareholder, raised its offer for the company earlier in September in a last-ditch attempt to rescue the deal after Xstrata's second-biggest investor Qatar Holding demanded improved terms in June. (Reporting by Sarah Young)

Germany's Schaeuble says Spain doesn't need bailout Posted: 21 Sep 2012 08:39 AM PDT BERLIN/MADRID (Reuters) - EU paymaster Germany said on Friday that Spain does not need a European bailout, dousing financial market expectations that Madrid will gain early relief from European Central Bank bond-buying. German Finance Minister Wolfgang Schaeuble's comment, contrasting with pressure from France for Madrid to avail itself of ECB help, seemed aimed at deterring Spanish Prime Minister Mariano Rajoy from applying for assistance soon. ...

Troika report on Greece may come after U.S. vote Posted: 21 Sep 2012 08:43 AM PDT BRUSSELS (Reuters) - An EU-IMF report into whether Greece's debt is manageable looks set to be delayed until after November 6 because policymakers want to avoid any shock to the global economy before the U.S. election, EU officials and diplomats said. The report by the 'troika' of Greece's foreign lenders -- the European Commission, European Central Bank and International Monetary Fund -- was expected during October, possibly before a meeting of euro zone finance ministers on October 8. ...

Universal gets EU nod for $1.9-billion EMI buy, must sell assets Posted: 21 Sep 2012 07:46 AM PDT BRUSSELS (Reuters) - Vivendi's Universal Music Group won EU regulatory approval for its $1.9 billion purchase of EMI's recorded music business, after agreeing to sell labels that account for about a third of the British company's revenues. The U.S. Federal Trade Commission is expected to approve the transaction without conditions later on Friday, according to a source close to the deal. ...

German, French leaders to discuss EADS, banking union Posted: 21 Sep 2012 08:33 AM PDT BERLIN/PARIS (Reuters) - Angela Merkel and Francois Hollande will scrutinize plans by EADS and BAE Systems to form an aerospace and defense giant on Saturday but are unlikely to give final go-ahead to a merger fraught with economic and security concerns. Airbus-maker EADS is anxious for stakeholders France and Germany to set out their position on the merger, and has warned that if Berlin and Paris's approval is tied to too many conditions it could abandon the proposed $45 billion union. Under British stock market rules, EADS and BAE have until October 10 to announce whether they will go ahead. ...

Swiss railway weighs challenge to Apple over trademark clock Posted: 21 Sep 2012 08:34 AM PDT ZURICH (Reuters) - Swiss railway operator SBB and a Swiss watchmaker are considering challenging Apple over the striking similarity between the country's trademark station clocks and the clock on a new operating system for the iPad. "We now have to agree on the legal framework between SBB and Apple," SBB spokesman Reto Kormann said, adding that Swiss railways still held the trademark for the emblematic clock designed by Zurich-born engineer Hans Hilfiker in 1944. "SBB isn't hurt, but proud that his icon of watch design is being used by a globally active and successful business. ...

Exclusive: Spain eyes pension reform with aid package in sight Posted: 21 Sep 2012 08:24 AM PDT MADRID (Reuters) - Spain is considering freezing pensions and speeding up a planned rise in the retirement age as it races to cut spending and meet conditions of an expected international sovereign aid package, sources with knowledge of the matter said. The pension measures would save at least 4 billion euros a year as well as fulfill European Union policy recommendations issued in May which senior euro zone sources said were being used as a blueprint for the terms of a sovereign aid program. ...

iPhone 5 launch draws Apple fans worldwide Posted: 21 Sep 2012 08:28 AM PDT In a now familiar global ritual, Apple fans jammed shops from Sydney to Paris to pick up the tech juggernaut's latest iPhone.

In US, stocks higher; in Europe, vows to save euro Posted: 21 Sep 2012 07:02 AM PDT U.S. stocks opened higher Friday, with investors hopeful after a few U.S. companies reported higher earnings and European leaders raised hopes that the continent is working out its crippling debt crisis.

In automated market, old-fashioned paper hangs on Posted: 21 Sep 2012 06:18 AM PDT Bob Kerstein loves his paper stock certificates.

BlackBerry service down in Europe, Mideast, Africa Posted: 21 Sep 2012 06:11 AM PDT Struggling BlackBerry-maker Research in Motion said Friday it resolved an outage affecting users in Europe, Middle East and Africa that had interrupted service for customers on the very day Apple Inc. unveiled its new iPhone 5.

Central Bank bars Nigeria airlines from bank loans Posted: 21 Sep 2012 08:21 AM PDT Nigeria's Central Bank has barred the nation's top two airlines from receiving any additional loans over their massive outstanding debts, an official said Friday, as passengers were stranded by the nation's aviation industry crisis in which its largest carrier grounded all its domestic flights.

Wal-Mart to open Indian stores in 12 to 18 months Posted: 21 Sep 2012 07:53 AM PDT Wal-Mart plans to open retail outlets in India in the next 12 to 18 months, the company said Friday, making it the first multinational to jump on the government's decision to open the country's huge retail market to foreign players.

EU OK's Universal purchase of British label EMI Posted: 21 Sep 2012 07:19 AM PDT Universal Music Group can buy the famed British music company EMI, including the hugely lucrative Beatles catalogue, the European Union's competition regulator said Friday, but must jettison some of the famed label's other big acts, including Coldplay and Pink Floyd.

GM recalls midsize cars to fix transmission cables Posted: 21 Sep 2012 06:58 AM PDT General Motors is recalling nearly 474,000 Chevrolet, Pontiac and Saturn cars to fix a transmission problem that can cause the cars to roll away unexpectedly.

Darden profit rises ahead of Olive Garden revamp Posted: 21 Sep 2012 08:30 AM PDT Darden Restaurants Inc. on Friday reported a better-than-expected profit for its fiscal first quarter as it prepared to revamp the menus for its struggling Olive Garden and Red Lobster chains.

Unemployment rates rise in half of US states Posted: 21 Sep 2012 08:43 AM PDT Unemployment rates rose in more than half of U.S. states last month, the latest evidence that hiring remains tepid across the country.

Unemployment rates rise in half of US states Posted: 21 Sep 2012 08:43 AM PDT Unemployment rates rose in more than half of U.S. states last month, the latest evidence that hiring remains tepid across the country.

Troika report on Greece may come after U.S. vote Posted: 21 Sep 2012 08:43 AM PDT BRUSSELS (Reuters) - An EU-IMF report into whether Greece's debt is manageable looks set to be delayed until after November 6 because policymakers want to avoid any shock to the global economy before the U.S. election, EU officials and diplomats said. The report by the 'troika' of Greece's foreign lenders -- the European Commission, European Central Bank and International Monetary Fund -- was expected during October, possibly before a meeting of euro zone finance ministers on October 8. ...

TomTom defends data after Apple map glitches Posted: 21 Sep 2012 08:42 AM PDT AMSTERDAM (Reuters) - TomTom NV stood by the quality of its mapping systems on Friday after Apple Inc's iPhone 5 launch was marred by glitches in its mapping app, which is built on TomTom's data. "We are more than willing to work with Apple to help fix any problems, as we would with any of our customers," said Caroline Fisher, vice-president of TomTom's consumer business unit. Apple launched the iPhone 5 on Wednesday, but soon afterwards users went to social media and blog sites to complain about geographical errors and missing information on the maps feature. ...

Germany's Schaeuble says Spain doesn't need bailout Posted: 21 Sep 2012 08:39 AM PDT BERLIN/MADRID (Reuters) - EU paymaster Germany said on Friday that Spain does not need a European bailout, dousing financial market expectations that Madrid will gain early relief from European Central Bank bond-buying. German Finance Minister Wolfgang Schaeuble's comment, contrasting with pressure from France for Madrid to avail itself of ECB help, seemed aimed at deterring Spanish Prime Minister Mariano Rajoy from applying for assistance soon. ...

German finance min: no need for more Spain aid Posted: 21 Sep 2012 08:39 AM PDT Germany's finance minister argued Friday that Spain doesn't need to seek a new aid program, and dismissed suggestions that money left over from a rescue package for its banks might be used to buy the country's government bonds instead.

Swiss railway weighs challenge to Apple over trademark clock Posted: 21 Sep 2012 08:34 AM PDT ZURICH (Reuters) - Swiss railway operator SBB and a Swiss watchmaker are considering challenging Apple over the striking similarity between the country's trademark station clocks and the clock on a new operating system for the iPad. "We now have to agree on the legal framework between SBB and Apple," SBB spokesman Reto Kormann said, adding that Swiss railways still held the trademark for the emblematic clock designed by Zurich-born engineer Hans Hilfiker in 1944. "SBB isn't hurt, but proud that his icon of watch design is being used by a globally active and successful business. ...

German, French leaders to discuss EADS, banking union Posted: 21 Sep 2012 08:33 AM PDT BERLIN/PARIS (Reuters) - Angela Merkel and Francois Hollande will scrutinize plans by EADS and BAE Systems to form an aerospace and defense giant on Saturday but are unlikely to give final go-ahead to a merger fraught with economic and security concerns. Airbus-maker EADS is anxious for stakeholders France and Germany to set out their position on the merger, and has warned that if Berlin and Paris's approval is tied to too many conditions it could abandon the proposed $45 billion union. Under British stock market rules, EADS and BAE have until October 10 to announce whether they will go ahead. ...

Darden profit rises ahead of Olive Garden revamp Posted: 21 Sep 2012 08:30 AM PDT Darden Restaurants Inc. on Friday reported a better-than-expected profit for its fiscal first quarter as it prepared to revamp the menus for its struggling Olive Garden and Red Lobster chains.

iPhone 5 launch draws Apple fans worldwide Posted: 21 Sep 2012 08:28 AM PDT In a now familiar global ritual, Apple fans jammed shops from Sydney to Paris to pick up the tech juggernaut's latest iPhone.

Time Warner Cable reaches deal to carry NFL Network: source Posted: 21 Sep 2012 08:26 AM PDT (Reuters) - Time Warner Cable Inc, the second largest U.S. cable provider, has struck an agreement with the National Football League to carry the NFL Network and the RedZone channel, a source familiar with the matter said on Friday. Time Warner Cable was the longest holdout of major cable providers in agreeing to carry the sports network which was created in 2004. It broadcasts regular season prime time games while the RedZone channel focuses on airing touchdowns and top plays live on Sundays. ...

Exclusive: Spain eyes pension reform with aid package in sight Posted: 21 Sep 2012 08:24 AM PDT MADRID (Reuters) - Spain is considering freezing pensions and speeding up a planned rise in the retirement age as it races to cut spending and meet conditions of an expected international sovereign aid package, sources with knowledge of the matter said. The pension measures would save at least 4 billion euros a year as well as fulfill European Union policy recommendations issued in May which senior euro zone sources said were being used as a blueprint for the terms of a sovereign aid program. ...

Spain needs no sovereign bailout: German minister Posted: 21 Sep 2012 08:23 AM PDT BERLIN (Reuters) - German Finance Minister Wolfgang Schaeuble said on Friday that Spain did not need a sovereign bailout on top of the package already agreed for its banks because it was on the right path to regain the confidence of markets. "Spain needs no program because it is doing the right thing and will be successful," he told foreign correspondents in Berlin. "What Spain needs is the confidence of financial markets and that is where Spain has real problems. ...

Central Bank bars Nigeria airlines from bank loans Posted: 21 Sep 2012 08:21 AM PDT Nigeria's Central Bank has barred the nation's top two airlines from receiving any additional loans over their massive outstanding debts, an official said Friday, as passengers were stranded by the nation's aviation industry crisis in which its largest carrier grounded all its domestic flights.

Tame Canadian data shows little rate hike pressure Posted: 21 Sep 2012 08:21 AM PDT OTTAWA (Reuters) - Tame Canadian inflation in August and weak wholesale sales data for July both show there is no real pressure on the Bank of Canada to start raising interest rates from near-record lows, analysts said on Friday. Statistics Canada said the annual inflation rate had dropped to 1.2 percent in August from 1.3 percent in July, well below the central bank's 2.0 percent target rate. Markets had expected a rate of 1.3 percent. Statscan said there was in fact virtually no difference between the two months. The more accurate August figure of 1.24 percent was rounded down to 1. ...

Greece's Samaras says euro exit not an option, would be disaster Posted: 21 Sep 2012 08:18 AM PDT ROME (Reuters) - Greece leaving the euro zone is not an option and would be a disaster, its Prime Minister Antonis Samaras said at a meeting of Christian Democrat leaders in Rome on Friday. "An exit from the euro zone is not a choice for Greece, it's a nightmare. For us it's not an option, it's a total disaster," Samaras said. "And it's not going to be easy for the rest of our partners, because once a country is out of the euro zone, speculators will start hitting the next weakest link, then the next one. ...

Greece assured troika report will not be delayed: official Posted: 21 Sep 2012 08:17 AM PDT ATHENS (Reuters) - Inspectors from the troika of European Union and International Monetary Fund lenders have assured Athens that their report will not be delayed until after U.S. elections in November, a Greek finance ministry official said on Friday. "We categorically deny it. It has nothing to do with reality," the official said. "The heads of the troika meeting the finance minister right now also deny it. ...

U.S. FTC approves Universal's acquisition of EMI recorded music Posted: 21 Sep 2012 08:16 AM PDT WASHINGTON (Reuters) - Universal Music Group has won U.S. antitrust approval, without conditions, for its $1.9 billion purchase of EMI labels, the Federal Trade Commission said on Friday. In Brussels, the European Commission gave Vivendi's Universal Music Group approval for the transaction, but required asset sales worth about $350 million. With approval from Europe and the FTC, the companies may close the deal. (Reporting By Diane Bartz; Editing by Gerald E. McCormick)

Honda aims to double global auto sales in 5 years Posted: 21 Sep 2012 08:16 AM PDT Honda is aiming to double its global auto sales to more than 6 million vehicles over the next five years as the Japanese automaker gears up for ambitious growth after bouncing back from last year's disasters.

Kenyan shilling flat vs dollar as liquidity tightens Posted: 21 Sep 2012 08:16 AM PDT NAIROBI (Reuters) - The Kenyan shilling was steady against the dollar on Friday, underpinned by tight liquidity in the market as investors paid for government debt auctioned this week and companies made tax payments. At debt auctions this week the central bank sold a combined 23.2 billion shillings worth of a new 15-year bond, and six-month and three-month Treasury bills. Traders said payment of value-added taxes (VAT), which fall due on the 20th of every month, had tightened liquidity in the market as companies withdrew money from banks. ...

Swiss to loosen bank secrecy for own citizens too Posted: 21 Sep 2012 08:11 AM PDT ZURICH (Reuters) - The Swiss government announced plans on Friday to grant cantonal tax authorities access to bank data of citizens suspected of tax evasion, in a new weakening of traditionally strict bank secrecy. Switzerland currently allows domestic authorities access to bank data only in cases where there are outright suspicions of tax fraud, or deliberately misleading the tax authorities, but not in cases of tax evasion, which is failing to fully declare your income or wealth. ...

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