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Monday, February 18, 2013

Business Today: Yen resumes fall after G20, U.S. holiday thins trade

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02/18/2013
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Yen resumes fall after G20, U.S. holiday thins trade
LONDON (Reuters) - The yen resumed falling on Monday after Japan signaled it would push ahead with expansionist monetary policies having escaped criticism from the world's 20 biggest economies at the weekend.
Draghi dismisses talk of currency war, but watching euro
BRUSSELS (Reuters) - European Central Bank President Mario Draghi sought to take the heat out of a debate about currency wars on Monday but said the ECB would still have to assess the economic impact of the euro's strength.
Saft sees little impact from Airbus dropping lithium-ion battery
PARIS (Reuters) - Saft said on Monday that the decision of Airbus to drop use of its lithium-ion batteries in the A350 jet would have limited financial impact on the French battery maker.
OfficeMaX, Office Depot in merger talks: WSJ
NEW YORK (Reuters) - Office supply companies OfficeMax Inc and Office Depot Inc are in advanced talks to merge, the Wall Street Journal reported, citing people familiar with the matter.
Reader's Digest parent company files for bankruptcy again
NEW YORK (Reuters) - The owner of magazine Reader's Digest, once the staple of doctors' offices and coffee tables, has filed for bankruptcy for the second time in less than four years, citing a greater-than-expected decline of the media industry.
Gulf Keystone says court judgment may not come until June
LONDON (Reuters) - Oil explorer Gulf Keystone , defending its ownership of a huge oil field in Iraqi Kurdistan after it was sued, said the outcome of the court battle may not be known until at least June.
Ally banking subsidiary sells mortgage unit to Walter
(Reuters) - Ally Financial Inc's banking subsidiary said on Monday it agreed to sell a mortgage unit to Walter Investment Management Corp as the U.S. auto lender continues to pull back from the home loan business.
Billionaire Metro co-founder Beisheim commits suicide
DUESSELDORF, Germany (Reuters) - German billionaire Otto Beisheim, one of the founders of retail group Metro , committed suicide after being diagnosed with an incurable illness.
Lidl Finland finds horsemeat in beef meals
HELSINKI (Reuters) - Retailer Lidl said on Monday it has withdrawn products from its stores in Finland and Sweden after finding traces of horsemeat.
Leader of Boeing engineers brings militant tone
NEW YORK (Reuters) - Ray Goforth leads a union of 23,000 Boeing Co engineers who revel in their pocket-protector image. Their rally posters and buttons read "No Nerds, No Birds." They use spreadsheets to argue about details of their labor contracts.
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