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Monday, May 6, 2013

Business Today: Buffett says U.S. economy gradually improving

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05/6/2013
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
Buffett says U.S. economy gradually improving
(Reuters) - Warren Buffett said on Monday the U.S. economy is gradually improving, helped by the efforts of Federal Reserve Chairman Ben Bernanke to stimulate it.
Stock futures point to flat open as market pauses after rally
NEW YORK (Reuters) - Stock index futures pointed to a flat open on Monday as investors paused after stocks hit record highs last week, with the S&P 500 up more than 13 percent so far this year.
Euro zone business downturn points to deeper recession in second-quarter: PMI
LONDON (Reuters) - The euro zone's business downturn dragged on in April, suggesting the region may be falling deeper into recession this quarter, business surveys showed on Monday.
Dreamliner grounding cost Qatar Airways $200 million in revenue: CEO
DUBAI (Reuters) - Qatar Airways had to forego $200 million in lost revenue up until April 2013 because of the grounding of Boeing's 787 planes, the airline's Chief Executive Akbar Al Baker said on Monday.
Assured says to be paid $358 million as it settles UBS suit
(Reuters) - Bond insurer Assured Guaranty Ltd said it reached a settlement with UBS AG in a lawsuit that accused the bank of falsely representing the quality of the loans underlying $1.49 billion of mortgage-backed securities.
China services growth slows sharply, adds to recovery risk
BEIJING (Reuters) - Growth in China's services sector slowed sharply in April to its lowest point since August 2011, a private sector survey showed on Monday - fresh evidence of rising risks to a revival in the world's No.2 economy.
Opel expects cheaper car deals after taking finance in-house
RUESSELSHEIM, Germany (Reuters) - General Motors' lossmaking European carmaker Opel expects to boost the proportion of cars sold on financing with the offer of cheaper loans and leasing deals now that it has taken its German banking license back in-house, it said on Monday.
EU regulator takes aim at Google over Apple mobile patent lawsuit
BRUSSELS (Reuters) - The European Commission said it believed Motorola Mobility, a unit of Google, was abusing its market position by seeking and enforcing an injunction against Apple in Germany over patents essential to mobile phone standards.
Some Verizon investors OK with paying premium for Vodafone stake
NEW YORK/LONDON (Reuters) - Some shareholders of Verizon Communications Inc say they could be happy for the company to pay up to $130 billion for Vodafone Group Plc's stake in their U.S. wireless venture.
Amid budget cutbacks, U.S. shipping sector seeks more federal funds
WASHINGTON (Reuters) - As Congress imposes deep spending cuts on everything from national defense to child care, shipping industry executives are urging lawmakers to spend hundreds of millions of dollars more on a river network that accounts for a declining share of the nation's domestic freight.
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