CA-BUSINESS Summary

Dollar firms, stock rally pauses after U.S. data

LONDON (Reuters) - The dollar edged up against the yen on Monday and stocks held near last week's multi-year highs thanks to a brighter outlook for the U.S. economy generated by last week's strong employment data. Stock index futures pointed to a mixed day ahead for Wall Street, though this follows steep gains on Friday in the wake of the payrolls report that took the Dow and S&P 500 indexes to new closing highs. <.n/>

Buffett says U.S. economy gradually improving

(Reuters) - Warren Buffett said on Monday the U.S. economy is gradually improving, helped by the efforts of Federal Reserve Chairman Ben Bernanke to stimulate it. Speaking on CNBC television, Buffett said the economy is benefiting from improvement in areas that had not previously performed well, particularly homebuilding.

Dreamliner grounding cost Qatar Airways $200 million in revenue: CEO

DUBAI (Reuters) - Qatar Airways had to forego $200 million in lost revenue up until April 2013 because of the grounding of Boeing's 787 planes, the airline's Chief Executive Akbar Al Baker said on Monday. The airline has said it will receive compensation from Boeing for the grounding of its 787 Dreamliners after U.S. regulators ordered the grounding of the plane on safety concerns.

Some Verizon investors OK with paying premium for Vodafone stake

NEW YORK/LONDON (Reuters) - Some shareholders of Verizon Communications Inc say they could be happy for the company to pay up to $130 billion for Vodafone Group Plc's stake in their U.S. wireless venture. Reuters reported last week that Verizon had hired advisers to prepare a $100 billion cash-and-stock bid for Vodafone's 45 percent stake in Verizon Wireless, though several major Vodafone investors have said that figure is inadequate.

EU regulator takes aim at Google over Apple mobile patent lawsuit

BRUSSELS (Reuters) - The European Commission said it believed Motorola Mobility, a unit of Google , was abusing its market position by seeking and enforcing an injunction against Apple in Germany over patents essential to mobile phone standards. The Commission said in a statement it had informed Motorola Mobility of its preliminary view in a charge sheet known as a statement of objections.

Opel expects cheaper car deals after taking finance in-house

RUESSELSHEIM, Germany (Reuters) - General Motors' lossmaking European carmaker Opel expects to boost the proportion of cars sold on financing with the offer of cheaper loans and leasing deals now that it has taken its German banking license back in-house, it said on Monday. Last month the U.S. group's financing subsidiary GM Financial Company Inc launched its new 'Opel Financial Services' brand, having bought back the European and other international operations of its former financial services affiliate Ally Financial , which held the German banking license.

Assured says to be paid $358 million as it settles UBS suit

(Reuters) - Bond insurer Assured Guaranty Ltd said it reached a settlement with UBS AG in a lawsuit that accused the bank of falsely representing the quality of the loans underlying $1.49 billion of mortgage-backed securities. UBS will pay Assured $358 million in an initial cash payment, the bond insurer said. The two companies have also entered into loss-sharing agreement on future claims, which will take effect from the third-quarter.

Onex to buy Nielsen Holdings' expositions business for $950 million

(Reuters) - Canadian private equity firm Onex Corp said it will buy TV ratings company Nielsen Holdings NV's expositions business for $950 million in cash. Nielsen Expositions produces more than 65 business-to-business trade shows and conferences in the United States every year.

Lufthansa says former CEO will no longer run for chairman

FRANKFURT (Reuters) - Lufthansa's former chief executive Wolfgang Mayrhuber has withdrawn as a candidate to become chairman of Germany's largest airline following protests from shareholders, the company said on Monday. Daily newspaper Frankfurter Allgemeine Zeitung said proxy advisory firm ISS had recommended shareholders vote against Mayrhuber because he has amassed too many supervisory board positions.

Euro zone business downturn points to deeper recession in second-quarter: PMI

LONDON (Reuters) - The euro zone's business downturn dragged on in April, suggesting the region may be falling deeper into recession this quarter, business surveys showed on Monday. The purchasing managers indexes (PMIs) also showed that Germany is now suffering a contraction in business activity that has long dogged France, Italy and Spain.

Source: http://news.yahoo.com/ca-business-summary-003825261.html

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