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Friday, June 28, 2013

Business Today: BlackBerry reports unexpected loss, shares slide 20 percent

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06/28/2013
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
BlackBerry reports unexpected loss, shares slide 20 percent
TORONTO (Reuters) - Blackberry offered few signs of a long-promised turnaround on Friday, with an unexpected quarterly operating loss, few details on sales of its make-or-break new devices and no return to profit in the current quarter.
Stock futures lose earlier gains to turn negative
NEW YORK (Reuters) - Stock index futures pared their gains on Friday, with major indexes turning negative.
EU leaders pledge to push on with banking union
BRUSSELS (Reuters) - European Union leaders confirmed on Friday they want agreement by the end of the year on a way to resolve failed banks at European rather than a national level, signaling work would go on despite elections in Germany in September.
Japan business mood seen turning positive: BOJ tankan
TOKYO (Reuters) - Japanese manufacturers' sentiment turned positive in the three months to June for the first time in nearly two years, a closely-watched central bank survey is likely to show on Monday in a sign recent market turbulence has yet to hurt the feel-good mood created by the government's reflationary policies.
U.S. charges Chinese wind company with stealing trade secrets
LOS ANGELES (Reuters) - Chinese wind turbine maker Sinovel Wind Group Co and two of its employees were charged with stealing trade secrets from U.S.-based AMSC by the Department of Justice (DoJ) on Thursday.
Shareholders, execs must map out Peugeot's future: Hollande
BRUSSELS (Reuters) - French President Francois Hollande said on Friday that it was up to PSA Peugeot Citroen shareholders and executives to set out plans for the company's future, and only then could the state offer its view.
UK asks banks to tender for role in Lloyds, RBS sales
LONDON (Reuters) - Britain kicked off the process of appointing advisors for a sale of its shares in Lloyds Banking Group and Royal Bank of Scotland , asking investment banks to submit proposals by July 8.
World central bank policymakers change gears
(Reuters) - The Federal Reserve's gradual exit plan from printing money has shifted the world's central bank landscape and thrown financial markets into a spin.
Barclays: may have to cut lending to hit PRA target early
LONDON (Reuters) - Barclays said it has options to meet a new leverage ratio imposed by Britain's financial watchdog, but warned it will have to cut lending if it is forced to meet the target quickly.
Three ex-Patria executives charged over Croatia bribes: prosecutors
HELSINKI (Reuters) - Prosecutors in Finland said on Friday they would charge three former executives of defense group Patria with bribing government officials in Croatia.
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