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Latest International Business News

• Markets turn negative after sentiment data

  12 Mar 2010

  NEW YORK (Reuters) - U.S. stocks turned lower on Friday, as a weaker-than-forecast reading on consumer sentiment outweighed an unexpected increase in retail sales. ..More

• Retail sales rise as shoppers fight winter blues

  12 Mar 2010

  WASHINGTON (Reuters) - U.S. retail sales rose unexpectedly last month despite heavy snow storms and a drop in vehicle purchases by consumers spooked by Toyota recalls, bolstering hopes of a sustainable economic recovery. ..More

• CF finally nabs Terra after Yara walks

  12 Mar 2010

  NEW YORK/OSLO (Reuters) - Fertilizer maker CF Industries Holdings Inc on Friday agreed to buy rival Terra Industries Inc for more than $4.6 billion in cash and stock after Norwegian rival Yara International ASA decided not to raise its offer for Terra. ..More

• Obama to tap Yellen for Fed vice chair: source

  12 Mar 2010

  WASHINGTON (Reuters) - President Barack Obama plans to nominate San Francisco Federal Reserve Bank President Janet Yellen, a respected policy dove, to be vice chairman of the central bank, a source familiar with the process said on Thursday. ..More

• Consumer sentiment dipped in early March

  12 Mar 2010

  NEW YORK (Reuters) - U.S. consumer sentiment declined slightly in early March, with Americans less positive about the job outlook, a survey released on Friday showed. ..More

• KKR files for long-awaited NYSE listing

  12 Mar 2010

  PHILADELPHIA (Reuters) - Private equity firm Kohlberg Kravis Roberts & Co has filed to list $2.2 billion in shares on the New York Stock Exchange, moving forward in its long effort to become a publicly traded U.S. company. ..More

• UBS urges parliament to back U.S. tax deal: report

  12 Mar 2010

  ZURICH (Reuters) - Switzerland's UBS has warned parliamentarians failure to back a deal to end its bitter U.S. tax row with the bank could result in a damaging backlash for Swiss banks as well as the Alpine nation's economy. ..More

• Examiner sees accounting gimmicks in Lehman demise

  12 Mar 2010

  NEW YORK (Reuters) - Lehman Brothers Holdings Inc used accounting gimmicks and had been insolvent for weeks before it filed for bankruptcy in September 2008, but there was not extensive wrongdoing, a court-appointed examiner has found. ..More

• Wells Fargo, Baltimore in talks after mortgage suit

  12 Mar 2010

  NEW YORK (Reuters) - Wells Fargo & Co said on Friday it is in talks with Baltimore officials that could avert further litigation by that city over the bank's mortgage lending practices. ..More

• AnnTaylor profit surprises, but outlook worries

  12 Mar 2010

  NEW YORK (Reuters) - Women's apparel retailer AnnTaylor Stores Corp posted a surprise quarterly profit, but gave a disappointing forecast as it remains cautious about spending this spring. ..More

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