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Mitsubishi Heavy set for big US nuclear order The Mitsubishi logo The Mitsubishi logo. Japan's Mitsubishi Heavy Industries will win an order to build two nuclear reactors in Texas, becoming the first Japanese firm to export reactors on its own to the growing US market, a report said Wednesday.



GM swings to profit in Q4; loses $2 billion in 2006 Rick WagonerGeneral Motors (GM) chief executive Rick Wagoner delivers a speech at the 77th Geneva Motor Show on March 6. GM posted a profit of 950 million dollars in the fourth quarter, leaving the struggling US automaker with a loss of two billion dollars for 2006.



Citigroup to launch Nikko Cordial buyout on March 15 Pedestrians walk past the Nikko Cordial Securities headquarters in TokyoPedestrians walk past the Nikko Cordial Securities headquarters in Tokyo. Citigroup has said it will start its 13.4-billion-dollar takeover bid for Nikko Cordial on March 15, betting investors will accept its higher offer.



GM swings to profit in 4th quarter; loses 2 billion dlrs in 2006 Rick WagonerGeneral Motors chief executive Rick Wagoner delivers a speech at the 77th Geneva Motor Show on 06 March 2007. General Motors said Wednesday it earned 950 million dollars in the fourth quarter, posting its first quarterly profit in two years, as a major cost-cutting effort finally bore fruit.



India's Reliance says in talks with Carrefour, but retailer denies Mukesh AmbaniIndian business giant Reliance is in advanced tie-up talks with France's Carrefour, a company official said on Wednesday, but the world's second biggest retailer denied it was in negotiations. Reliance chairman Mukesh Ambani, seen here in January 2007, has said he wants to make the company's new stores arm, Reliance Retail, a "Wal-Mart in India."



Judge dismisses charges against former HP chairwoman Patricia DunnA US judge Wednesday dismissed criminal charges against former Hewlett-Packard chairwoman Patricia Dunn, seen here in September 2006, that arose from the company's boardroom spying scandal, lawyers announced.



Citigroup to expand China staff by one third in 2007 A customer leaves a branch of the Shanghai Pudong Development Bank in ShanghaiA customer leaves a branch of the Shanghai Pudong Development Bank in Shanghai in 2006. US banking giant Citigroup is a stakeholder in the bank. Citigroup aims to expand its staff levels in China by one third in 2007 as it ramps up business in the fast-growing loan market, state press reported Thursday. Citigroup plans to add about 1,000 workers in China this year, boosting the number of staff to 4,000, the lender'



Airbus workers to strike across Europe against job cuts EADS co-chief executives Thomas Enders (L) and Louis Gallois address a press conferenceEADS co-chief executives Thomas Enders (L) and Louis Gallois address a press conference in early March. Tens of thousands of workers at Airbus are expected to walk off the job Friday in a highly unusual show of Europe-wide union power against plans by the struggling aircraft manufacturer to slash 10,000 posts



Reliance names bankers to discuss Carrefour stake: report Chairman of India's Reliance Industries Mukesh Ambani (R)In this file photo taken, 02 November 2006, Chairman of India's Reliance Industries Mukesh Ambani (R) looks at rows of produce as he speaks with employees during a visit to the Reliance Fresh supermarket in Hyderabad. India's Reliance Industries has named two investment bankers to negotiate the purchase of a strategic minority stake in French-based Carrefour, the world's second largest retailer, according to a report Thursday.



Qantas sees earnings in line with forecasts Qantas jets line up at Melbourne's Tullamarine AirportQantas jets line up at Melbourne's Tullamarine Airport. Australian takeover target Qantas Airways said Thursday it expects year to June net profit growth to be at the upper end of its anticipated 30-40 percent rise, as previously stated. The Australian flag carrier, the subject of an 11.1 billion dollar (8.7 billion US) recommended buyout offer, was responding to shareholder requests for more details about the company's earnings outlook i



Cadbury Schweppes to split into two companies A Cadbury's chocolate barBritish confectionery and soft drink giant Cadbury Schweppes has outlined plans to split itself into two separate companies.