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Friday, November 23, 2012

Business Today: Futures climb ahead of holiday-shortened session

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11/23/2012
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Futures climb ahead of holiday-shortened session
NEW YORK (Reuters) - U.S. stock index futures gained modestly Friday ahead of an abbreviated session on Wall Street, on signs of progress in talks about releasing aid to Greece, and with the U.S. retail sector in focus as the holiday shopping season begins.
Euro, shares gain on Greek deal hopes, German data
LONDON (Reuters) - The euro hit a three-week high on Friday on signs of progress in negotiations to get fresh aid cash to Greece and after an influential German survey found business sentiment had improved.
Exclusive: BP to restructure oil production unit - sources
LONDON (Reuters) - BP is planning to announce a reorganization of its oil and gas production operations, three sources familiar with the matter said, the second significant restructuring of its main cash generator since the Gulf of Mexico oil spill.
Early start to U.S. "Black Friday" shopping frenzy
NEW YORK/BLOOMINGTON, Minnesota (Reuters) - The U.S. shopping frenzy known as "Black Friday" kicked off at a more civilized hour, with shoppers welcoming decisions by retailers such as Target Corp and Toys R Us Inc to move their openings to Thursday night.
Autonomy founder says HP allegations don't add up
LONDON (Reuters) - Mike Lynch, mathematics whiz and former boss of Autonomy, said he can't see how accusations leveled by Hewlett-Packard Co of dodgy accounting add up to a $5 billion writedown on the software business he sold them last year.
Wal-Mart India unit suspends CFO, others pending bribery probe
MUMBAI (Reuters) - The Indian joint venture of Wal-Mart Stores Inc has suspended its chief financial officer and other employees as it investigates alleged violations of U.S. anti-bribery laws, a development that could hamper India's efforts to open its domestic supermarket sector to foreign investment.
UK, Germans say deeper cuts or no deal in EU budget
BRUSSELS (Reuters) - Britain and Germany warned on Friday there will be no summit deal on the European Union's proposed 1 trillion euro long-term budget without deeper spending cuts, after the latest compromise plan ignored their calls for further restraint.
Canada, EU aim to conclude free trade deal in coming weeks
BRUSSELS (Reuters) - The European Union and Canada aim to conclude a free trade agreement in the next few weeks after a top-level meeting over a deal that could swell bilateral trade by more than 20 percent.
Tata Steel to cut 900 jobs in Britain
LONDON (Reuters) - India's Tata Steel said on Friday it would cut 900 jobs across Britain as part of a restructuring plan aimed at stemming losses in weak European markets.
China Eastern seals $5.4 billion deal to buy 60 A320s
HONG KONG (Reuters) - China Eastern Airlines , one of the country's top three carriers, has agreed to buy 60 Airbus A320 aircraft for about $5.4 billion, expected to be delivered in stages from 2014 to 2017.
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