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• Wall Street Week Ahead: Stocks face earnings and data hurdles
• China will not ease grip on property market: paper
• America's hidden unemployed: too discouraged to count
• Nigerian central bank bars loans to big debtors post-crisis
• Julius Baer to cut up to 880 jobs at Merrill Lynch unit: report
• French PM supports giving Greece more time on deficit
• Siemens denies Iranian nuclear sabotage claims
• Credit Suisse trims Dubai investment banking, ships jobs to Qatar
• Many US stores report being sold out of iPhone 5s
• Verizon iPhone 5's secret feature: It's 'unlocked'
• Trader Joe's recalls peanut butter
• Apple, Samsung demand changes to $1B verdict
• Oracle pay for CEO Ellison jumps to $96 million
• Israel moves to encourage multinationals to free up profits
• Nigerian central bank bars loans to big debtors post-crisis
• Wall Street Week Ahead: Stocks face earnings and data hurdles
• French PM supports giving Greece more time on deficit
• Yields tumble at Egypt 91-, 266-day T-bill auction
• Decades of federal dollars helped fuel gas boom
• America's hidden unemployed: too discouraged to count
• From words to deeds: Why election matters
• WHY IT MATTERS: Global warming
• Julius Baer to cut up to 880 jobs at Merrill Lynch unit: report
• Obama Medicare plan: No voucher but maybe a bill
• Romney Medicare plan: Key details still in flux
• Siemens denies Iranian nuclear sabotage claims
• Credit Suisse trims Dubai investment banking, ships jobs to Qatar
• China will not ease grip on property market: paper
• Trader Joe's recalls peanut butter
• Fiat, Italy govt to examine export-focused measures
• Verizon iPhone 5's secret feature: It's 'unlocked'
• Apple, Samsung demand changes to $1B verdict

Wall Street Week Ahead: Stocks face earnings and data hurdles Posted: 23 Sep 2012 08:14 AM PDT NEW YORK (Reuters) - Stocks could struggle to stay close to nearly five-year highs this week as worries mount about third-quarter earnings and the market appears primed for a pullback from recent stimulus-driven gains. A bevy of economic reports, including durable goods orders, will grab attention, particularly after the Federal Reserve unveiled its plan on September 13 for a third round of aggressive stimulus to help revive the flagging U.S. economy. While the action ignited a rally in stocks, analysts have worried that it may suggest the U.S. economy is in worse shape than many had feared. ...

China will not ease grip on property market: paper Posted: 22 Sep 2012 11:29 PM PDT BEIJING (Reuters) - China plans to stick to its tight property sector policies and a nationwide rebound in home prices remains unlikely, a senior official at the housing ministry said in remarks published by state media on Sunday. The comments underscore Beijing's determination to keep a lid on rising home prices, a source of social discontent, especially in the run-up to a once-a-decade leadership transition this year. ...

America's hidden unemployed: too discouraged to count Posted: 23 Sep 2012 07:04 AM PDT WASHINGTON (Reuters) - When Daniel McCune graduated from college three years ago, he was optimistic his good grades would earn him a job as an intelligence analyst with the government. With a Bachelor of Science degree from Liberty University in Virginia, majoring in government service and history, McCune applied for jobs at the National Security Agency, the Federal Bureau of Investigation and other agencies. But after a long hunt that yielded only two interviews, the 26-year-old threw in the towel last fall, joining millions of frustrated Americans who have given up looking for work. ...

Nigerian central bank bars loans to big debtors post-crisis Posted: 23 Sep 2012 08:27 AM PDT LAGOS (Reuters) - Nigeria's central bank has banned loans to 113 firms, including the country's two major airlines, which have failed to repay debts after a 2009 financial crisis that nearly brought down the banking system, an internal document obtained by Reuters on Sunday said. The ban covers firms whose bad debts were absorbed by state-backed "bad bank" AMCON as part of efforts to draw a line under a credit crisis that nearly sank nine lenders. The companies have yet to make good on those loans, the memo said. ...

Julius Baer to cut up to 880 jobs at Merrill Lynch unit: report Posted: 23 Sep 2012 05:27 AM PDT ZURICH (Reuters) - Swiss private bank Julius Baer plans to cut between 660 and 880 jobs at Bank of America Merrill Lynch's overseas wealth management business as the integration of the newly acquired unit gets under way, a Swiss newspaper said on Sunday. Der Sonntag said Julius Baer's Chief Executive Boris Collardi recently told an investor meeting that between 30 and 40 percent of the unit's 2,200 jobs will have to go. A spokesman for Julius Baer declined to comment on the report. ...

French PM supports giving Greece more time on deficit Posted: 23 Sep 2012 07:44 AM PDT PARIS (Reuters) - Greece should be allowed more time to meet deficit targets set by international lenders provided it is sincere about reforming its economy, French Prime Minister Jean-Marc Ayrault said on Sunday. Near-bankrupt Greece needs the European Union and International Monetary Fund's blessing on spending cuts worth nearly 12 billion euros ($16 billion) to unlock its next tranche of aid, without which it faces default and a potential exit from the euro zone. "The answer must not be a Greek exit from the euro zone," Ayrault said in an interview with news website Mediapart. ...

Siemens denies Iranian nuclear sabotage claims Posted: 23 Sep 2012 05:11 AM PDT FRANKFURT (Reuters) - Germany's Siemens on Sunday denied allegations by an Iranian lawmaker that it planted explosives in equipment sold to Iran for use in its nuclear program. "Siemens does not have any business ties with Iran's nuclear program and does not supply any technical equipment for it," a spokesman for the Munich-based multinational company said. ...

Credit Suisse trims Dubai investment banking, ships jobs to Qatar Posted: 23 Sep 2012 03:10 AM PDT DUBAI (Reuters) - Credit Suisse is trimming its investment banking team in Dubai and relocating some jobs to neighboring Qatar, three sources said, as part of efforts to cut costs and focus on richer markets. Switzerland's second-biggest bank will consolidate its back-office investment banking team into the tiny oil-rich Gulf state, home to one of the world's largest sovereign wealth funds, the sources said speaking on condition of anonymity because the matter is not yet public. ...

Many US stores report being sold out of iPhone 5s Posted: 22 Sep 2012 01:10 PM PDT It was possible to walk into a store Saturday and buy an iPhone 5. But it took some hunting.

Verizon iPhone 5's secret feature: It's 'unlocked' Posted: 22 Sep 2012 02:22 PM PDT The Verizon Wireless version of the iPhone 5, which went on sale Friday, comes with a secret and unexpected feature: it works on AT&T's network as well.

Trader Joe's recalls peanut butter Posted: 22 Sep 2012 08:49 PM PDT The grocery store chain Trader Joe's is recalling peanut butter that has been linked to 29 salmonella illnesses in 18 states.

Apple, Samsung demand changes to $1B verdict Posted: 22 Sep 2012 02:07 PM PDT Neither side in a bitter patent battle is satisfied with Apple Inc.'s $1 billion jury verdict over Samsung Electronics Co. after a three-week trial this summer.

Oracle pay for CEO Ellison jumps to $96 million Posted: 22 Sep 2012 10:18 AM PDT Larry Ellison, the founder and CEO of Oracle Corp. and one of the wealthiest people in the world, saw his pay jump to $96.2 million last year.

Israel moves to encourage multinationals to free up profits Posted: 23 Sep 2012 08:31 AM PDT TEL AVIV (Reuters) - Israel's parliamentary finance committee on Sunday approved a Finance Ministry proposal for the handling of "trapped profits" earned by multinational firms that is expected to add 3 billion shekels ($771 million) to government tax revenue. Trapped profits are profits earned by multinational firms after they had been provided with tax incentives to invest in Israel. The ministry has been seeking to give the firms incentives to repatriate some of those profits and generate tax revenue for the government. ...

Nigerian central bank bars loans to big debtors post-crisis Posted: 23 Sep 2012 08:27 AM PDT LAGOS (Reuters) - Nigeria's central bank has banned loans to 113 firms, including the country's two major airlines, which have failed to repay debts after a 2009 financial crisis that nearly brought down the banking system, an internal document obtained by Reuters on Sunday said. The ban covers firms whose bad debts were absorbed by state-backed "bad bank" AMCON as part of efforts to draw a line under a credit crisis that nearly sank nine lenders. The companies have yet to make good on those loans, the memo said. ...

Wall Street Week Ahead: Stocks face earnings and data hurdles Posted: 23 Sep 2012 08:14 AM PDT NEW YORK (Reuters) - Stocks could struggle to stay close to nearly five-year highs this week as worries mount about third-quarter earnings and the market appears primed for a pullback from recent stimulus-driven gains. A bevy of economic reports, including durable goods orders, will grab attention, particularly after the Federal Reserve unveiled its plan on September 13 for a third round of aggressive stimulus to help revive the flagging U.S. economy. While the action ignited a rally in stocks, analysts have worried that it may suggest the U.S. economy is in worse shape than many had feared. ...

French PM supports giving Greece more time on deficit Posted: 23 Sep 2012 07:44 AM PDT PARIS (Reuters) - Greece should be allowed more time to meet deficit targets set by international lenders provided it is sincere about reforming its economy, French Prime Minister Jean-Marc Ayrault said on Sunday. Near-bankrupt Greece needs the European Union and International Monetary Fund's blessing on spending cuts worth nearly 12 billion euros ($16 billion) to unlock its next tranche of aid, without which it faces default and a potential exit from the euro zone. "The answer must not be a Greek exit from the euro zone," Ayrault said in an interview with news website Mediapart. ...

Yields tumble at Egypt 91-, 266-day T-bill auction Posted: 23 Sep 2012 07:30 AM PDT CAIRO (Reuters) - The average yields on 4.5 billion Egyptian pounds of 91- and 266-day treasury bills fell sharply at a central bank auction on Sunday, the Ministry of Finance said. The average yield on 1 billion pounds of 91-day bills dropped to 12.396 percent, its lowest since November last year, from 13.747 percent at an auction on September 9. The yield on 3.5 billion pounds of 266-day bills tumbled to 13.354 percent, its lowest since August last year, from 15.486 at the September 9 auction. ...

Decades of federal dollars helped fuel gas boom Posted: 23 Sep 2012 07:24 AM PDT It sounds like a free-market success story: a natural gas boom created by drilling company innovation, delivering a vast new source of cheap energy without the government subsidies that solar and wind power demand.

America's hidden unemployed: too discouraged to count Posted: 23 Sep 2012 07:04 AM PDT WASHINGTON (Reuters) - When Daniel McCune graduated from college three years ago, he was optimistic his good grades would earn him a job as an intelligence analyst with the government. With a Bachelor of Science degree from Liberty University in Virginia, majoring in government service and history, McCune applied for jobs at the National Security Agency, the Federal Bureau of Investigation and other agencies. But after a long hunt that yielded only two interviews, the 26-year-old threw in the towel last fall, joining millions of frustrated Americans who have given up looking for work. ...

From words to deeds: Why election matters Posted: 23 Sep 2012 06:27 AM PDT When you vote for Democrat Barack Obama or Republican Mitt Romney in November, you'll be voting for more than a president. You'll be casting a ballot for and against a checklist of policies that touch your life and shape the country you live in.

WHY IT MATTERS: Global warming Posted: 23 Sep 2012 06:25 AM PDT The issue:

Julius Baer to cut up to 880 jobs at Merrill Lynch unit: report Posted: 23 Sep 2012 05:27 AM PDT ZURICH (Reuters) - Swiss private bank Julius Baer plans to cut between 660 and 880 jobs at Bank of America Merrill Lynch's overseas wealth management business as the integration of the newly acquired unit gets under way, a Swiss newspaper said on Sunday. Der Sonntag said Julius Baer's Chief Executive Boris Collardi recently told an investor meeting that between 30 and 40 percent of the unit's 2,200 jobs will have to go. A spokesman for Julius Baer declined to comment on the report. ...

Obama Medicare plan: No voucher but maybe a bill Posted: 23 Sep 2012 05:23 AM PDT He'll never turn Medicare into a voucher, but if you are lucky enough to be financially comfortable in retirement, odds are you'll pay higher premiums under President Barack Obama's plan. It's not just the 1 percent who'll feel the pinch.

Romney Medicare plan: Key details still in flux Posted: 23 Sep 2012 05:20 AM PDT Medicare is the one health insurance plan that will cover virtually every American at some point in life, and Republican Mitt Romney is proposing the biggest changes since its creation nearly 50 years ago.

Siemens denies Iranian nuclear sabotage claims Posted: 23 Sep 2012 05:11 AM PDT FRANKFURT (Reuters) - Germany's Siemens on Sunday denied allegations by an Iranian lawmaker that it planted explosives in equipment sold to Iran for use in its nuclear program. "Siemens does not have any business ties with Iran's nuclear program and does not supply any technical equipment for it," a spokesman for the Munich-based multinational company said. ...

Credit Suisse trims Dubai investment banking, ships jobs to Qatar Posted: 23 Sep 2012 03:10 AM PDT DUBAI (Reuters) - Credit Suisse is trimming its investment banking team in Dubai and relocating some jobs to neighboring Qatar, three sources said, as part of efforts to cut costs and focus on richer markets. Switzerland's second-biggest bank will consolidate its back-office investment banking team into the tiny oil-rich Gulf state, home to one of the world's largest sovereign wealth funds, the sources said speaking on condition of anonymity because the matter is not yet public. ...

China will not ease grip on property market: paper Posted: 22 Sep 2012 11:29 PM PDT BEIJING (Reuters) - China plans to stick to its tight property sector policies and a nationwide rebound in home prices remains unlikely, a senior official at the housing ministry said in remarks published by state media on Sunday. The comments underscore Beijing's determination to keep a lid on rising home prices, a source of social discontent, especially in the run-up to a once-a-decade leadership transition this year. ...

Trader Joe's recalls peanut butter Posted: 22 Sep 2012 08:49 PM PDT The grocery store chain Trader Joe's is recalling peanut butter that has been linked to 29 salmonella illnesses in 18 states.

Fiat, Italy govt to examine export-focused measures Posted: 22 Sep 2012 02:40 PM PDT MILAN/ROME (Reuters) - Italy's Fiat and the Italian government said on Saturday they will look for ways to improve the company's manufacturing efficiency, as the automaker pledged to keep building cars in Italy while shifting its focus to foreign export markets. Fiat's decision in late August to freeze planned investments to avoid further losses in a weak car market has sparked a firestorm of criticism from trade unions and politicians. Unions are worried about potential job losses if the company eventually shifts manufacturing to countries where wages are lower. ...

Verizon iPhone 5's secret feature: It's 'unlocked' Posted: 22 Sep 2012 02:22 PM PDT The Verizon Wireless version of the iPhone 5, which went on sale Friday, comes with a secret and unexpected feature: it works on AT&T's network as well.

Apple, Samsung demand changes to $1B verdict Posted: 22 Sep 2012 02:07 PM PDT Neither side in a bitter patent battle is satisfied with Apple Inc.'s $1 billion jury verdict over Samsung Electronics Co. after a three-week trial this summer.

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