  | | | Consumer spending jumps, GDP prospects brighten | | WASHINGTON (Reuters) - U.S. consumer spending increased by the most in seven months in February as households shook off a rise in gasoline prices, leading economists to raise forecasts for first-quarter growth. | | | |  | | | Alaska, Exxon Mobil settle pipeline dispute | | ANCHORAGE, Alaska (Reuters) - The state of Alaska has reached a settlement with Exxon Mobil Corp and its corporate partners that will keep a long-fallow oil and gas field in the companies' hands in exchange for development commitments, Gov. Sean Parnell said Friday. | | | |  | | | Sino-Forest seeks protection in bid to sell out | | (Reuters) - Sino-Forest Corp , a Toronto-listed Chinese forestry company accused of fraud, is seeking protection from its creditors and a court's approval of an agreement with some of noteholders to put its embattled business up for sale. | | | |  | | | BP: U.S. hiding evidence on size of Gulf oil spill | | (Reuters) - BP Plc has accused the U.S. government of withholding evidence that may show the 2010 Deepwater Horizon oil spill in the Gulf of Mexico was smaller than federal officials claimed, a key issue in determining the oil company's liability. | | | |  | | | MasterCard, Visa warn of possible security breach | | (Reuters) - MasterCard Inc, Visa Inc and Discover Financial Services have been victims of a potential security breach, the latest in a string of incidents that have put the personal information of millions of credit cardholders at risk. | | | |  | | | Yahoo layoffs to begin next week: report | | SAN FRANCISCO (Reuters) - Yahoo Inc will begin layoffs of thousands of employees next week and will announce a plan to restructure the company the week after that, according to a media report. | | | |  | | | Euro zone agrees to boost rescue capacity | | COPENHAGEN (Reuters) - Euro zone finance ministers agreed on Friday to increase their financial firewall to 700 billion euros to ward off a new flare-up of Europe's sovereign debt crisis, drawing a positive initial reaction from G20 partners and markets. | | | |  | | | RIM posts loss as new CEO begins to clean house | | TORONTO (Reuters) - Research In Motion posted a net loss and its first slump in BlackBerry shipments for its holiday quarter since 2006, as its new CEO announced the initial steps in a strategic overhaul and would not rule out an eventual sale of the company. | | | |  |  | | | A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today | | |  | |  | | | The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today | | | | | | » MORE NEWSLETTERS | |
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