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MexicoStar.com Tuesday 16th March 2010 Issue 075/2010
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EU ministers decide Greece should be helpedEU ministers decide Greece should be helped
Europe's finance ministers have said they will assist Greece in the battle to control its...


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UK motoring group says higher petrol prices are comingUK motoring group says higher petrol prices are coming
The AA in Britain has warned of higher petrol prices this...
New Michael Jackson music to be released by SonyNew Michael Jackson music to be released by Sony
A US$250 million deal has been done between Sony and the estate of Michael...
Airbus told to get its timing rightAirbus told to get its timing right
Emirates Airlines has warned that it will not accept delays to Airbus A350 aircraft...
Appeal in European court to affect UK pensionersAppeal in European court to affect UK pensioners
UK ex-pats have been caught in a pensions freeze, thanks to a denial by the government over entitlements to thousands of British men and women who paid into the system all their working...
PepsiCo has buyback policyPepsiCo has buyback policy
PepsiCo will buy back up to $15 billion worth of its own common...
UK airports seeing less passengers
UK airports have seen a record drop in passenger numbers in a tough year for plane...
British Airways crews will strike this monthBritish Airways crews will strike this month
British Airways is expecting a total of seven days of strikes this month from its cabin...
Swiss banking giant pays more for executivesSwiss banking giant pays more for executives
Current and former members of the UBS executive board received much more in pay and bonuses for 2009 than in the year...
Fault in Toyota Prius not foundFault in Toyota Prius not found
Faults reported in Toyota’s Prius have not been established by technicians from the National Highway Traffic Safety...
China does deal to extract oil from Latin American countries
The China National Offshore Oil Corporation has agreed to pay $3.1 billion for a 50% stake in the Bridas Corporation, an Argentine oil and gas...
Investors service says economy is still fragileInvestors service says economy is still fragile
A report from Moody's Investors Service has warned that the global economic recovery remains fragile, even in some of the largest...
Mixed fortunes for Wall StreetMixed fortunes for Wall Street
U.S. stocks made only minor moves Monday as traders dithered over the future direction of the markets and the...
Debate Heats Up At Fed Over How And When To Signal Higher Interest Rates
WASHINGTON - Debate is heating up within the Federal Reserve over how and when to signal that the days of record-low interest rates are numbered. A rate hike isn't imminent. But at their meeting,...
February Housing Construction Tumbles As Snowstorms Depress Activity In Northeast And South
WASHINGTON - Housing construction fell in February as winter blizzards held down activity in the Northeast and South. The decline highlighted the challenges facing builders as they struggle to...
Getfugu And Interknowlogy To Create Application For Microsoft Windows Phone 7 Series Phones
GFGU ), the next generation mobile search tool, announced today that the Company has signed a strategic development agreement with InterKnowlogy (IK), a Microsoft Corp.® Gold Certified Partner....
Bond Report: Treasurys Under Pressure Before Fed Meeting
NEW YORK (MarketWatch) -- Treasury prices were under pressure on Tuesday, pushing long-term yields up towards their highest level in at least three weeks, before the Federal Reserve ends its policy...
Before The Bell: Starbucks, Boeing, Boston Scientific In Focus
+0.58% ) to buy from neutral and raised its earnings forecasts, citing higher sales, benign costs and the company's ongoing productivity programs. UBS lifted its fiscal 2010 earnings estimate to...
Movers & Shakers: Tuesday's Biggest Gaining And Declining Stocks
TEL AVIV (MarketWatch) - Stocks expected to move significantly in trading on Tuesday include AIG, Boston Scientific, FactSet, Limited and Yahoo. Alibaba.com...
Former Merrill Lynch Trader Banned
A former proprietary trader at Merril Lynch, who mispriced trades in a desperate bid to cover up $456m (£300m) of losses, was this morning banned from working in the industry for at least five...
Lehman Chicanery Is Tip Of The Iceberg | Prem Sikka
examiner's report once again shows that the public should be sceptical of the audited accounts published by giant corporations. Accountants disarm journalists, critics, regulators and the general...
Close Brothers Leads Ftse 250 As Profits Please Investors
is leading the mid-cap index higher after the merchant bank produced better than expected first half figures.Profits rose to £62.5m, down slightly on last year but higher than City estimates, helped...
John Lewis Staff Perks In Pictures
1 / 11 The Leckford Abbas estate, Hampshire, owned by John Lewis/Waitrose. The estate houses a farm as well as a hotel and guest lodges for John Lewis/Waitrose...
Fed May Avoid Lower Inflation Amid Debate Exit
March 16 (Bloomberg) -- Douglass Henry, chief executive officer of Henry Molded Products in Lebanon, Pennsylvania, used to worry about inflation because a jump in energy prices could drive up...
Canada’s Flaherty Says Currency Is ‘competitive’
March 16 (Bloomberg) -- Canada’s currency, trading the closest to parity with its U.S. counterpart since July 2008, is at a level that continues to keep the nation’s economy competitive,...
Shell To Boost Production, Cut More Jobs
AMSTERDAM: Oil company Royal Dutch Shell PLC said Tuesday it will boost production by 11 percent by 2012 from 2009 levels, slightly more than previously forecast, and sell assets and cut more ...
Yes, We Do Still Make Things In America
Yet even as countless U.S. companies have moved production to other countries, American factories continue to churn out hundreds of billions of dollars worth of goods annually — everything from...
‘made In America’ Rules Are Confusing
FTC’s rules of the road for companies that want to make the Made in America claim. And those are just one of a half dozen separate sets of rules that apply to “country of origin”...
Stocks Set To Rise Before Fed Rate Announcement
NEW YORK - Stock futures rose modestly Tuesday before the Federal Reserve concludes a meeting where it is expected to keep a key interest rate at historic...
Blizzards Bury Home Building In February
WASHINGTON - Housing construction fell in February as winter blizzards held down activity in the Northeast and South. The decline highlighted the challenges facing builders as they struggle to emerge...
Fed Weighs How, When To Signal Higher Rates
   March 15: Fed policy makers are getting set to meet today, with investors focused on this afternoon's policy statement. CNBC's Steve Liesman has the...
Expats Lose Pension Freeze Case
More than half a million UK pensioners living overseas will continue to have their pensions frozen after a European court decision.Pensioners who moved to countries such as Australia and Canada only...
European Car Sales Up In February
New car sales in Europe rose by 3.2% in February compared with the same month a year earlier, but fell almost 30% in Germany as its scrappage scheme ended.A total of 1,000,754 new passenger cars were...
Nord Stream Secures Bank Funds
The consortium behind the planned Nord Stream gas pipeline from Russia to Europe has sealed a 3.9bn euro ($5.4bn; £3.5bn) funding deal from 26 banks.The deal marks a milestone in development of...
Hmrc Drops Portsmouth Challenge
HM Revenue and Customs (HMRC) has formally dropped its challenge over the validity of Portsmouth football club's move into administration.Barrister for HMRC, Gregory Mitchell, told the High Court...
Nest Charges Set At 0.3% Of Funds
Members of the forthcoming new state pension scheme - the National Employment Savings Trust - will be charged 0.3% of their funds each year.Between three and six million people are expected to be...
Tesco Squatters Facing Eviction
An attempt to evict squatters from the site of a planned Tesco supermarket in Bristol is underway.Up to 20 squatters have been occupying the building, a former comedy club, in Cheltenham Road. Police...
Facebook Tool Pays Out For Pizza Orders
Social networkers who add the new Domino's Pizza advert to their profile or blog will earn a cash reward every time one of their contacts clicks on it to place an order. How much they earn will...
Crude, Gold Off Highs As Housing Starts Slump
NEW YORK -- Crude oil and gold futures came off earlier highs on Tuesday, after a report that showed housing starts fell 5.9% in February. Crude oil for April delivery rose 50 cents, or 0.6%, to...
U.s. Stocks Retain Advance After Housing Data
NEW YORK -- U.S. stock futures maintained their gains Tuesday after data showed housing starts fell 5.9% last month. Futures for the Dow Jones Industrial Average were up 18 points at 10,656. Those...
Treasurys, Dollar Under Pressure On Housing Starts
NEW YORK -- Treasury prices and the dollar remained under pressure early Tuesday after a report showed housing starts fell 5.9% to a 575,000 pace last month. Trading was subdued before the Federal...
Housing Starts Drop 5.9% To 575,000 Rate
WASHINGTON--U.S. housing starts and permits to build new homes both fell in February as winter storms in some parts of the country disrupted home building, a government report showed Tuesday. The...
Starbucks Upgraded To Buy From Neutral At Ubs
LONDON -- UBS upgraded Starbucks to buy from neutral and raised its earnings forecasts, citing higher sales, benign costs and the company's ongoing productivity programs. UBS lifted its fiscal 2010...
Novartis: No Aliskiren Benefit In Heart Attacks
LONDON -- Novartis said a study showed that its aliskiren cardiovascular medicine didn't show a statistically significant benefit when added to standard therapy for patients recovering from a heart...
Siemens Appoints New Ceo Of Wind Power Business
FRANKFURT -- German conglomerate Siemens AG said Tuesday it has appointed Jens-Peter Saul as the new chief executive of its wind power business unit. Saul succeeds Andreas Nauen, who is leaving...
Usgs: 4.4 Magnitude Earthquake Hits Los Angeles
LONDON -- A magnitude 4.4 earthquake hit the greater Los Angeles area at 4:04 a.m. local time, the U.S. Geological Survey said on its Web site. There were no immediate reports of damage.Copyright...
Import Prices Fall 0.3% In February
WASHINGTON--U.S. import prices fell 0.3% in February, led by a drop in prices for crude oil and other petroleum products, the Labor Department reported on Tuesday. It was the first monthly decline...
Shell Eyes Return To Growth As Reserves Jump
RDSa.L ) said it was planning a return to robust growth in oil and gas production after seven years of decline and unveiled strong reserves additions that should underpin longer-term growth aims....
Flaherty Says Currency Nearing Parity Is ‘competitive’
Jim Flaherty, Finance Minister of Canada, speaks during an interview in New York, on Monday, March 15, 2010. Flaherty said the level of the Canada's currency is...
Fed Announcement: All About The Wording
Fed will move on interest rate at 2:15 p.m. ET, it could make a shift towards a more hawkish stance. Economists at Scotia Capital outlined five things to watch for. The first three are considered...