COMPANIES

Turk markets claw back losses on improved sentiment

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The Turkish equities lira firmed against the dollar on Wednesday and stocks pared some losses following improved sentiment in U.S. bourses and positive news on Turkey's International Monetary Fund talks.

China to lend Petrobras $10 bln for oil

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The China Development Bank and Brazil's state-run oil company Petrobras are finalizing a deal for the bank to extend a $10 billion line of credit in exchange for future oil supplies, a Brazilian newspaper said on Wednesday.
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Alcatel CEO sees no negative surprises ahead-paper

FRANKFURT (Reuters) - Franco-American telecoms gear maker Alcatel-Lucent (ALUA.PA) sees no negative surprises in the coming months and has no plans for further hard belt-tightening, Germany's Handelsblatt newspaper quoted the company's chief executive as saying.
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Menopause drug Livial ups breast cancer return risk

LONDON (Reuters) - The synthetic hormone Livial, designed as an alternative to hormone replacement therapy, makes it significantly more likely a woman's breast cancer will come back, Dutch researchers said on Tuesday.
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IPTE makes Q4 loss, to continue restructuring

BRUSSELS (Reuters) - Belgian electronics company IPTE (IPTE.BR) reported a sharp drop in fourth-quarter earnings on Tuesday and said it would continue restructuring in readiness for a difficult 2009.
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Madagascar armed forces ready to fulfil duties

ANTANANARIVO, (Reuters) - Madagascar's armed forces said on Tuesday they were ready to fulfil their duties if a bitter power struggle that has killed about 125 people is not resolved quickly.
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GM readies survival plan

STUTTGART/WASHINGTON - Daimler swung to a hefty loss, hit by exposure to Chrysler, and Opel and Saab braced for news of General Motors' survival plan, as European carmakers saw their fates tied closely to their U.S. peers. As GM and Chrysler put the finishing touches to blueprints showing how they will pay back billions of dollars of government loans, Chrysler's German ex-owner Daimler said it...
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Harper says he's confident GM will stay in Canada

TORONTO, (Reuters) - Canadian Prime Minister Stephen Harper said on Tuesday he is not concerned about the possibility of General Motors Corp (GM.N) moving out of Canada as the Detroit-based company restructures its operations.
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U.S. recession concerns hit Brazil stocks, currency

SAO PAULO - Brazil's stocks and currency sank on Tuesday, dragged down by fresh concerns that the recession in the United States is worsening and that Washington's efforts to shore up the economy may not be enough.
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Wal-Mart intl ops hit by firmer dollar, Asda shines

LONDON - Wal-Mart Stores Inc (WMT.N) posted a 14.3 percent drop in fourth-quarter operating income at its international businesses, hit by the stronger dollar, but said underlying growth was solid, led by the UK, China and Brazil.
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GM and Chrysler ready survival plans

Daimler swung to a hefty loss, hit by exposure to Chrysler, and Opel and Saab braced for news of General Motors' survival plan, as European carmakers saw their fates tied closely to their U.S. peers.
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Trump Entertainment may file bankruptcy: report

PHILADELPHIA - Trump Entertainment Resorts Inc, Donald Trump's casino group, is expected to file Tuesday for bankruptcy, The Wall Street Journal reported. The company's board was scheduled to meet late Monday night to decide whether to authorize the filing, the newspaper reported in its online edition. Otherwise, the casino operator would be forced into bankruptcy involuntarily by creditors, t...
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GM, UAW in talks racing toward Tuesday deadline

Negotiators for General Motors Corp and the United Auto Workers union, staring down a Tuesday deadline for the struggling automaker to submit a plan for its survival to the U.S. government, were making progress in high-stakes talks aimed at cutting GM's costs and debt, a person familiar with the matter said.
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KFC to create 9,000 new jobs

On Monday US fast-food chain Kentucky Fried Chicken said in a bid to boost the deep recession affecting Britain and Ireland it would create 9,000 jobs by 2014
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Deere in the crosshairs as recession hits farmers

Before the first biker ever tattooed a Harley-Davidson logo on his arm, before Apple ever inspired the first MacHead to swear she would never -- ever -- marry a Windows user, Deere & Co was creating one of the enduring corporate cults.
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Lloyds' HBOS unit reports a $12 billion loss

On Friday Part-nationalized Lloyds Banking Group said its HBOS unit made heavy losses last year due to a bigger-than-expected rise in unpaid loans, wiping a third off its value and raising fears more state help will be needed.
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Chrysler says restructuring talks making progress

Chrysler LLC is making progress in talks with creditors and the United Auto Workers union on a restructuring plan required under a federal bailout, a senior Chrysler executive told Reuters on Friday.
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Viacom revenue falls 69 pct on weak ad sales

Viacom Inc.'s fourth-quarter profit fell 69%, hurt by weakness in advertising sales at MTV and other cable channels, and the company said ad revenues are likely to get worse in 2009 before they get better.
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Merrill Lynch's co-head exits

On Tuesday the co-head of UK corporate broking firm, Merrill Lynch, announced his resignation with effect from end of April.

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