COMPANIES

Constellation says can't forecast Swiss unit revenue

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Canada's Constellation Software Inc said it is not able to accurately forecast future revenue and related operating profits of Trapeze ITS, its Switzerland-based unit providing software for public transit companies.

Holidaybreak posts FY results ahead of mkt view

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Holidaybreak Plc posted full-year results ahead of market view, sending its shares up almost 3 percent, but the British specialist holiday firm said sales intake in the current year to date was down 3 percent.
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Geely outlines Volvo cars technology deal

Zhejiang Geely Holding Group laid out how it and Ford Motor plan to handle intellectual property (IP) rights for Volvo Car Corp., clearing a major barrier in its bid to acquire the Swedish brand.
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GM's Saab says talking to possible buyers

U.S. auto giant GM's Saab Automobile said on Friday it was talking to possible buyers, days after tiny Swedish sportscar maker Koenigsegg pulled out of a deal to take over the closure-threatened unit.
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Subaru marches on in U.S. but more work ahead

Subaru maker Fuji Heavy Industries continues to charge ahead in the key U.S. market with sales seen jumping by a fifth this month, but it faces a lot of work to boost its earnings power, its CEO said on Friday.
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Volkswagen to pour $3.5 billion into Brazil '10 to '14

Volkswagen, Europe's largest carmaker, plans to invest up to 6.2 billion reais ($3.5 billion) in Brazil from 2010 through 2014 as it aims to become the country's biggest carmaker, the company's Brazilian head said on Thursday.
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Hyundai-Kia targets rapid China growth in 2010

Hyundai-Kia Automotive Group, the world's No. 5 automaker, aims to grow at twice the market rate next year in China, as consumers in the world's largest auto market snap up its affordable, quality cars.
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China aluminium stocks seen at 1.2-1.5 mln T

China is estimated to have stocks of 1.2 million-1.5 million tonnes of aluminium, the vice-chairman of the China Nonferrous Metals Industry Association, told an industry conference.
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Chinalco says has restarted most idle capacity

Aluminum Corporation of China (Chinalco), the parent of Chalco and the country's top producer of the metal, has restarted most of its idle capacity of alumina and primary aluminium, according to a company presentation prepared for a conference on Friday.
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ArcelorMittal says India state meeting positive

ArcelorMittal, the world's largest steelmaker, said on Friday it had a constructive meeting with Karnataka government officials about its plans to set up a steel plant in the southern Indian state.
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San Miguel ally buys stake, may trigger takeover

A former Philippine trade minister and ally of San Miguel Corp's (SMCB.PS) president on Friday led a group paying nearly $1.4 billion for a 28 percent stake in the food-to-power conglomerate, and may seek a full takeover as San Miguel shifts into high-growth heavy industry and infrastructure.
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French launch flags hedge funds' transparency drive

French alternative asset manager Laffitte Capital Management, which had a narrow escape from the Lehman collapse, has sought EU regulatory approval for its newest hedge fund to win broad investor appeal after the crisis.
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Blame game slows growth of personalized medicine

Expectation has been building for a decade that an era of personalized medicine will transform the global drugs business, but the reality is a slow start and an angry blame game between scientists, marketers and regulators.
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600 Group H1 loss widens, LFL sales down 39 pct

British tool maker 600 Group Plc posted a much wider loss in the first-half as like-for-like sales fell 39 percent on lower order intake, but said it expected level of orders to improve in the second half.
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Thai 3G auction may be delayed to Q2 2010 -telcos

Thailand's long-awaited auction of third-generation mobile phone licences could take place in the second quarter of 2010 rather than the first as suggested by regulators, two mobile phone operators said on Thursday.
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Pressure on Chinese banks dents Minsheng debut

China Minsheng Banking Corp fell a disappointing 3 percent in its Hong Kong debut on Thursday after raising $3.9 billion in the world's fifth largest IPO this year, underscoring how sentiment for Chinese banks has soured recently.
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UBS, JPMorgan to advise on Japan bank merger

Sumitomo Trust and Banking has hired Daiwa Securities SMBC and UBS AG to advise on its planned merger with Chuo Mitsui Trust Holdings, three people with knowledge of the matter said.
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Toyota to fix gas pedals on 4 million vehicles

Toyota Motor Corp will fix the accelerator pedals in 4 million cars and trucks to address a safety issue linked to bursts of sudden acceleration and deadly accidents, the company and the U.S. government said on Wednesday.

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