03/19/13 THE RAW BUSINESS NEWS FEED

• EU Reding: Apple Still not Informing Customers Correctly About Warranty Rights In EU _{2013-03-19, 06:02 am}
  A senior European Union official said Tuesday that Apple Inc. still isn't informing consumers correctly about their legal warranty rights in many EU member states, as she called for Brussels to take a greater role in shaping a common approach to consumer protection rules.
• ARM Holdings CEO Warren East to Retire July, Simon Segars Named _{2013-03-19, 06:02 am}
  ARM Holdings PLC , a semiconductor intellectual property supplier, said Tuesday that Chief Executive Officer Warren East has decided to retire from the company, effective July 1, and it has appointed Simon Segars as his successor.
• Acer Posts Fourth-Quarter Net Loss of NT3.37 Billion _{2013-03-19, 06:01 am}
  Taiwan's Acer Inc. posted on Tuesday a larger-than-expected fourth-quarter net loss after a write down of the value of its brands including Gateway and Packard Bell.
• PBOC Survey Finds Urban Residents Less Happy With Price Levels _{2013-03-19, 06:01 am}
  A quarterly survey by China's central bank found that urban residents were less satisfied with price levels in the first quarter.
• Findel to Sell Healthcare Unit For GBP24 Million; 2nd Half Sales +8.7% _{2013-03-19, 06:01 am}
  Findel PLC reported Tuesday that it entered a conditional agreement to sell NRS, its Healthcare division, to LDC, a private equity unit of Lloyds Banking Group PLC , for 24.0 million pounds cash, also announcing a share consolidation and saying that second-half sales to date are 8.7% ahead of last year.
• European car sales fall 10.2 percent in February _{2013-03-19, 06:01 am}
  Europe's car market shrank a further 10.2 percent in February, with sales of new vehicles falling to 829,359, according to figures from the Association of European Car Manufacturers .
• Euro zone cannot lend more than agreed to Cyprus: French finance minister _{2013-03-19, 06:01 am}
  The euro zone cannot lend more to Cyprus than the 10 billion euro bailout it agreed at the weekend, French Finance Minister Pierre Moscovici said on Tuesday.
• Euro Zone Backs Exemption on Cyprus Small Deposits - French Minister _{2013-03-19, 06:01 am}
  Euro-zone finance ministers unanimously support the exemption of smaller depositors from a tax that Cypriot authorities are planning to levy on bank accounts to increase the fairness of island's bailout program, French Finance Minister Pierre Moscovici said Tuesday.
• Cypriot draft bill drops levy on deposits below 20,000 euros _{2013-03-19, 06:01 am}
  A draft bill the Cypriot government submitted to parliament on Tuesday scraps a controversial levy on bank deposits for amounts below 20,000 euros .
• Convenience stores, online help Sainsbury top forecasts _{2013-03-19, 06:01 am}
  J Sainsbury , Britain's third-largest grocer, beat forecasts for underlying sales in its fourth quarter, with strong growth online and in convenience stores offsetting a weaker performance in traditional stores.
• Centrica Buys Back 1.2 Million Shares For Treasury _{2013-03-19, 06:00 am}
  Centrica PLC (CNA.LN) said Tuesday it bought 1.2 million of its own shares at an average price of 350.5420 pence per share to be held as treasury shares.
• BMW Sees Flat Profit Due To Investments _{2013-03-19, 06:00 am}
  Germany's BMW AG said Tuesday it foresees this year's pretax profit at the 2012 level, weighed down by huge investments and despite rising sales.
• BMW sees flat 2013 pretax profits as costs rise _{2013-03-19, 06:00 am}
  German premium automaker BMW expects earnings to stagnate this year as costs for 11 new model launches, capacity expansion and spending on fuel-efficient technology eat up higher profits from selling more cars.
• Trading Suspended In Cyprus Amid Bailout Woes _{2013-03-19, 06:00 am}
  Trading on the Cyprus Stock Exchange has been suspended Tuesday and Wednesday and will reopen again on Thursday, to avoid any potential risks to the financial system amid discussions of bailout conditions for the country, the exchange said.
• Mexico's president gathers power, pushes reform _{2013-03-19, 05:53 am}
  In this March 11, 2013 file photo, Mexico's President Enrique Pena Nieto, center, is flanked by Mexican Senate Deputy Chairman Francisco Arroyo Vieira, left, and Mexican Senate President Ernesto Cordero as he shows an agreement signed by him and the three major political parties that would create two new national television stations and form a ... (more)
• Bidders Eye 1bn Software Powerhouse _{2013-03-19, 05:24 am}
  A group of private equity groups have lodged bids for Civica, the public sector software company that supplies most of Britain's emergency services and NHS trusts.
• HSBC Faces Fresh Money Laundering Probe _{2013-03-19, 05:24 am}
  HSBC is facing fresh allegations of money laundering in the wake of its 1.2bn penalty to settle similar claims last year.
• 'Horsemeat Free' Sainbury's Sees Sales Boost _{2013-03-19, 05:24 am}
  Sainsbury's chief executive has reported a rise in sales over recent months as a result of the ongoing horsemeat scandal.
• BlackRock to Cut About 300 Jobs as Fink Extends Reorganization _{2013-03-19, 05:23 am}
  BlackRock Inc., the world's biggest money manager, is cutting about 300 jobs, extending a reorganization that included the shakeup of its investment units last year.
• Ex-Calpers CEO Indicted for Apollo Placement Agent Fee Scheme _{2013-03-19, 05:23 am}
  Federico Buenrostro, former chief executive officer of the California Public Employees' Retirement System, was charged with conspiring to trick the pension fund into paying millions of dollars in fees for a $3 billion investment into funds managed by Apollo Global Management LLC.