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News from Reuters

Trial set to start in Parmalat case vs Citigroup - Reuters - 7 minutes ago
More than four years after the meltdown of Italy's Parmalat SpA, the food company is set to begin presenting its case to a U.S. jury on Thursday accusing Citigroup Inc of playing a key role in its collapse.

Judge rejects Countrywide's arguments: report - Reuters - 2 hours, 39 minutes ago
Directors and officers of mortgage lender Countrywide Financial must answer shareholder accusations of insider trading and failure to monitor lending practices that led to the company's collapse, a federal judge in California has ruled, the New York Times reported.

LG Elec shares jump to record, outlook strong - Reuters - Wed 9:42 pm ET
Shares in LG Electronics Inc jumped nearly 6 percent early on Thursday, hitting its lifetime high, as a strong earnings outlook coupled with the won's recent weakness boosted demand for the stock.

Fed's Yellen says key rate is probably low enough - Reuters - Wed 9:10 pm ET
A top Federal Reserve official said on Wednesday that interest rates have "come way down" in recent months, and with inflation looming the central bank's key lending rate has probably been cut enough for now, despite risks to growth.

Sony shares rise 10 pct after strong profit forecast - Reuters - Wed 8:44 pm ET
Shares of Sony Corp opened 10 percent higher on Thursday after it forecast a bigger-than-expected operating profit this financial year as it aims to boost flat TV sales and wipe away losses on the PlayStation 3.

Delta pilots OK modified contract, boost merger - Reuters - Wed 8:19 pm ET
Delta Air Lines Inc said on Wednesday the Air Line Pilots Association has informed the company that Delta pilots have approved a modification to their current contract.

Bayer pulls Trasylol supplies after study - Reuters - Wed 8:04 pm ET
Bayer AG is removing remaining supplies of its heart-surgery drug Trasylol from the U.S. market after a long-awaited study found it raised the risk of death compared to two alternatives, U.S. regulators said on Wednesday.

AIG chairman says board stands by CEO Sullivan - Reuters - Wed 7:40 pm ET
American International Group Inc's chairman said on Wednesday the global insurer's board is backing Chief Executive Martin Sullivan despite some anger from investors over two quarters of record losses.

Earlier Headlines
·Delta/Northwest merger seen likely to be approved - Reuters - Wed 7:40 pm ET
·Benign inflation and strong results lift Wall St - Reuters - Wed 5:44 pm ET
·Appeals court overturns $7.75 mln Vioxx verdict - Reuters - Wed 5:14 pm ET
·Financier Icahn to run board slate for Yahoo: sources - Reuters - Wed 5:13 pm ET
·Freddie Mac loss widens less than feared - Reuters - Wed 4:24 pm ET
·Tame April price rise eases inflation worry - Reuters - Wed 3:28 pm ET
·Pimco: Tricky for Fed to fix economy bind - Reuters - Wed 3:22 pm ET
·E*Trade volume beats expectations, Schwab's down - Reuters - Wed 2:31 pm ET
·GM will need over $9 billion in new financing: Lehman - Reuters - Wed 1:03 pm ET
·Macy's affirms full-year forecast - Reuters - Wed 12:27 pm ET
·SK Telecom, Virgin Mobile USA confirm talks - Reuters - Wed 11:28 am ET
·Clear Channel trial adjourned - Reuters - Wed 11:17 am ET

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