http://fundsreporter.com Arcive of financial news Sun, 05 Feb 2012 13:20:17 +0000 http://backend.userland.com/rss092 en It more closely resembled the healthy competition between Steve Jobs and Bill Gates than the antipathy marking the Newt Gingrich-Mitt Romney relationship. "I wouldn't even call it a rivalry," says Boeing engineer Mike Sinnett. "It wasn't anything like Army beating Navy." Still, no one denies that a respectful yet pronounced ... http://fundsreporter.com/boeing-dreamliner-forges-bond-between-st-louis-and-seattle/ Poland's prime minister says he is suspending the ratification process for an international copyright treaty after widespread protests and attacks on government websites. Donald Tusk said Friday that first a wider discussion must be held on the issue to include Internet users and privacy protection office. The government signed the ... http://fundsreporter.com/poland-halts-copyright-law-after-mass-protests/ The parent of American Airlines wants to eliminate about 13,000 jobs — 15 percent of its workforce — as the nation's third-biggest airline remakes itself under bankruptcy protection. The company aims to cut labor costs by 20 percent and will soon begin negotiations with its three major unions. Some management ... http://fundsreporter.com/amr-seeks-to-jettison-13000-airline-employees/ U.S. Steel says its fourth-quarter loss narrowed, as strong demand for its pipes from the oil industry boosted its sales. The Pittsburgh-based steel company also says it expects first-quarter results to be improved from fourth-quarter levels. U.S. Steel says it had a net loss of $226 million, or $1.57 per ... http://fundsreporter.com/us-steel-4q-loss-narrows-revenue-rises-12-pct/ Royal Bank of Scotland chief executive Stephen Hester will not be accepting a 1 million pound ($1.5 million) bonus that drew criticism from British public and politicians, the bank said Sunday. Spokesman David Gaffney said Hester would not receive the bonus of 3.6 million shares he was awarded last week ... http://fundsreporter.com/rbs-ceo-turns-down-bonus-amid-criticism-of-payout/ Solutia Inc. Headquarters • Town and Country CEO • Jeffry Quinn Products • Laminated architectural and automotive glass; performance films for cars and buildings; chemicals for rubber and tires; synthetic heat transfer fluids; and hydraulic fluids for commercial aircraft. Revenue • $2.1 billion Employees • 3,400 www.solutia.com Eastman Chemical Co. ... http://fundsreporter.com/solutia-and-eastman-corporate-snapshots/ U.K. Prime Minister David Cameron said it would be http://fundsreporter.com/cameron-says-transaction-tax-madness-urges-euro-area-to-do-more-bloomberg/ ConocoPhillips said Wednesday that it and China National Offshore Oil Corp. reached a $160 million agreement to settle compensation claims from oil spills off northeastern China. The Houston-based company said in a statement that the two had reached an agreement with China's Ministry of Agriculture over the oil spills last ... http://fundsreporter.com/conoco-says-reaches-china-spill-compensation-deal/ Home sales ended a difficult year on a high note, resulting in a gain in full-year sales volume.The National Association of Realtors reported that the annual sales pace in December reached 4.6 million homes, up 5% from November's pace and 3.6% from a year ago.It was the third ... http://fundsreporter.com/home-sales-continue-to-improve/ Egypt's election commission and political groups say final results from the country's first elections since the ouster of Hosni Mubarak show Islamist parties winning nearly three-quarters of the seats in parliament. An alliance led by the fundamentalist Muslim Brotherhood won 47 percent of the spots in the 498-seat parliament, while ... http://fundsreporter.com/egypts-islamists-secure-75-percent-of-parliament/