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Two smaller unions agree deals with Lockheed

Sun, 20 May 2012 08:41:12 +0000

(Reuters) - Lockheed Martin Corp said on Saturday it had negotiated new contracts with two smaller unions at its Fort Worth, Texas plant, even as a strike by the larger machinists union stretched into a fifth week. Lockheed said about 70 members of the International Brotherhood of Electrical Workers (IBEW) on Friday ratified a new contract that would extend for four years. On Saturday, a new five-year contract was approved by 430 members of the Office and Professional Employees International Union (OPEIU). Both agreements take effect on Monday. ...

Status update: Facebook’s Mark Zuckerberg gets married

Sun, 20 May 2012 08:09:38 +0000

(Reuters) - Facebook co-founder and CEO Mark Zuckerberg wed longtime girlfriend Priscilla Chan on Saturday, announcing the nuptials through a status update on the social networking site. The 28-year-old billionaire's wedding took place a day after Facebook's historic initial public offering on the Nasdaq stock exchange on Friday. More than 200,000 people "liked" Zuckerberg's status change, which was accompanied by a photo of the smiling couple in wedding attire in a small, verdant outdoor setting with a string of lights behind them. ...

Facebook’s Mark Zuckerberg marries sweetheart

Sun, 20 May 2012 06:35:27 +0000

Facebook founder and CEO Mark Zuckerberg updated his status to "married" on Saturday.

Google says it has China’s approval for Motorola deal

Sun, 20 May 2012 06:22:57 +0000

(Reuters) - Google said on Saturday that Chinese authorities have approved its $12.5 billion purchase of Motorola Mobility Holdings, the last regulatory hurdle to a deal that would allow the world's No. 1 Internet search engine to develop its own line of smart phones. Google, which will be the newest entrant to the handset market, announced plans for the acquisition last year in a bid to secure Motorola's valuable patents and pave the way for a pairing of Google's Android mobile software and Motorola's handset business. U.S. ...

Seaway pipeline sends oil to Texas in historic reversal

Sun, 20 May 2012 01:13:04 +0000

HOUSTON (Reuters) - The Seaway pipeline began pumping crude from Cushing, Oklahoma, oil tanks to the heart of the U.S. refining industry in Houston on Saturday, marking a historic shift in the way oil flows across the United States. The first barrels went into the line about noon CDT (1700 GMT) Saturday and volumes were expected to increase within days to 150,000 barrels per day (bpd), spokesman Rick Rainey of operating partner Enterprise Products said by email. Enbridge Inc is a 50 percent partner in the project. ...

Russia Sberbank sees sale certainty after government formed

Sun, 20 May 2012 01:11:11 +0000

WASHINGTON (Reuters) - Europe's second largest lender Russia's Sberbank will see some certainty over the planned privatization sale after the new Russian government's lineup is announced on May 21, CEO German Gref said on Saturday. Sberbank initially planned the sale of the 7.6 percent stake, part of Russia's ambitious privatization program, last September but postponed the deal after global risk aversion wiped around $1.5 billion off the stake's value. "It seems to me that, yes, such certainty should emerge (after the cabinet announcement)," Gref said. ...

Google says it won China’s approval for Motorola deal

Sun, 20 May 2012 01:01:00 +0000

Obama, G-8: Recovery takes both growth and cutting

Sun, 20 May 2012 00:56:22 +0000

Confronting an economic crisis that threatens them all, President Barack Obama and leaders of other world powers on Saturday declared that their governments must both spark growth and cut the debt that has crippled the European continent and put investors worldwide on edge.

Greeks’ crisis is personal as well as political

Sun, 20 May 2012 00:25:11 +0000

Like many Greeks left unemployed by their country's economic tailspin, Dimitris Spachos finds it easier to talk about his nation's problems than his own.

Google gets China OK for Motorola deal

Sat, 19 May 2012 22:19:05 +0000

Google says authorities in China have approved its acquisition of Motorola Mobility. This brings the Internet search giant closer to completing its biggest deal ever.