COMPANIES

Moody's Blasts EU Plan to Curb Ratings Agencies

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A European Union plan to impose tougher rules on credit rating agencies is "dangerous" as it is bound to limit the "quality and independence" of the rating process, the president and chief operating officer of Moody's Investor Services told Le Figaro newspaper.
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Bargains, Stability Abound in College Towns

In March 2010, Elliott Vanskike and his wife bought a 2,000 square-foot home in Madison, Wisconsin for $375,000, pondering the quality of life for their kids as well as the quirks that come with thousands of college kids literally on your doorstep.

Chevron Richmond Crude Unit Fire Out -Company

A fire broke out and was quickly extinguished Monday night in a crude distillation unit at Chevron Corp's 245,271 barrel-per-day (bpd) Richmond, California, refinery, according to notices the refinery filed with state and federal pollution regulators.
Truworths

Mr Price H1 profit up, to enter Nigeria

South Africa's third-biggest listed clothes retailer, Mr Price, reported a 22 percent rise in first-half profit as above-inflation wage increases and decades-low interest rates lift consumer spending in Africa's biggest economy.
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Mauritius bank MCB Q1 pretax profit up 11 pct

Mauritius Commercial Bank (MCB) said on Tuesday first- quarter pretax profit climbed 11.3 percent year-on-year to 1.28 billion rupees on the back of loan book growth and said it would pay an interim dividend of 2.60 rupees per share.

Starbucks Ends Undisclosed Fee on Bean Purchase Under One Pound

You might have been charged an additional $1.50 for buying smaller bags of coffee beans at Starbucks and left the store without even knowing it, until recently. Starbucks Corp. stopped adding the surcharge at over 11,000 stores nationwide this month after a Massachusetts consumer-protection agency fined the company over the practice.
Deepwater Horizon Burning

Alabama, Louisiana Can Sue BP for Gulf Spill, Says Judge

U.S. District Judge Carl Barbier announced Monday Alabama and Louisiana may sue the oil company under general maritime law for punitive damage, negligence and product liability, but not for civil penalties under the Outer Continental Shelf Act as that is governed by federal law.
The company logo of Sino-Forest is displayed at its office in Hong Kong

Sino-Forest is no Ponzi Scheme: Panel Report

Canada-listed Sino-Forest Corp said an independent committee found no evidence of fraud at the Chinese timber firm following allegations from short-seller Muddy Waters it had exaggerated its assets, although the committee also said it had been unable to verify the company owned all of its forests.
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Rodman & Renshaw Starts Manitex with 'Market Outperform'

Rodman & Renshaw has initiated coverage of Manitex International, Inc. (NASDAQ:MNTX) with a market outperform rating, saying that the company is the market leader for heavy lift boom trucks with shares exceeding 30 percent for equipment of capacity greater than 30 tons.
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Australia court to hear Samsung-Apple case in March

An Australian court has agreed to hear in March a case brought by Samsung Electronics to ban sales of Apple Inc's latest iPhone, with sales allowed to continue as normal ahead of the full hearing on alleged patent infringements.
Men walk past a sign of Olympus Corp outside the company's showroom in Tokyo

Lenders Unlikely to Tighten Screws on Olympus, for now

Olympus Corp's creditors are not expected to demand changes in loan terms or take other abrupt steps and risk hurting their own interests when they meet company executives on Wednesday to grill them about the firm's huge accounting scandal, sources and analysts said.
Kingfisher Airlines

Kingfisher Airlines Q2 Loss Doubled

Kingfisher Airlines on Tuesday reported a doubling of its loss in the fiscal second quarter on higher fuel prices and operating costs, amid investor worries about its future.
The sign marking the MF Global Holdings Ltd. offices at 52nd Street in midtown Manhattan is seen in New York

Timing Questions Emerge on MF Global's Customer Cash Shortfall

MF Global Holdings Ltd may have faced a shortfall in customer funds even as far back as October 27, four days before the U.S. futures brokerage filed for bankruptcy protection, the Wall Street Journal said, citing people familiar with the situation.
Luxury Heist: Louis Vuitton’s $40,000 Worth Merchandise Stolen.

LVMH Acquires Swiss Watch Dial-Maker ArteCad

French luxury goods conglomerate, LVMH Moët Hennessy Louis Vuitton S.A. has announced that the company has acquired 100 percent shares of leading Swiss watch dial-maker, ArteCad.

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