MillerCoors Q4 slides, warns of tough economy (Reuters) Reuters - MillerCoors, the second-largest brewer in the United States, on Tuesday reported a 21.6 percent slide in fourth-quarter net income reflecting a tough economy and a sharp rise in share-based salary bonus packages. Swatch sees sales pick-up, aims for record year (Reuters)
UK retail sales rise 1.2 pct in January (AP) AP - Britain's struggling economy showed more lackluster indicators Tuesday, with imports rising faster than exports in December despite the falling value of its currency and retailers reporting a slow start to the year. German exports down most in 60 years in 2009 (AP) AP - German exports tumbled by nearly one-fifth last year, the biggest fall for 60 years and one that officially knocked the country off its perch as the world's top exporter, government data showed Tuesday. Church pews fill as Philippine poll campaign begins (Reuters)
Fed's Dudley: Financial reform needs global scope (Reuters) Reuters - A revamp of the financial system needs to be global in nature to prevent a repeat of the worst financial crisis in some 70 years, a top Federal Reserve policy maker said on Monday. Economy - Monday (Investor's Business Daily) Investor's Business Daily - The Treasury will auction $81 bil of notes and bonds in its quarterly refunding this week, the same as in the prior auction. Gov't officials said they've already raised enough to fund a budget deficit set to expand 14% this year. The Treasury's decision to stop increasing the size of its debt auctions could moderate the ...... Ex-Boeing engineer gets 15 years in spy case (Reuters) Reuters - An ex-Boeing Co engineer, found guilty last year of passing space shuttle secrets to China in America's first conviction under a 1996 espionage law, was sentenced on Monday to 15 years in prison. Fed's Bullard: May see asset sales late 2010 (Reuters)
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AP - The joint venture of SABMiller and Molson Coors Brewing turned a fourth-quarter profit through cost savings, though the shaky economy cut into revenue from beer.
Reuters - Swatch Group, the world's largest watchmaker by sales, said it is aiming for its best year ever in 2010 after seeing a strong pick-up in sales in January and February, easing worries that a flagging economic recovery might hit demand.
Reuters - Philippine politicians launched their campaigns on Tuesday in a wide-open race for the presidency, with poverty, corruption and unemployment the top issues for the impoverished Southeast Asian archipelago.
Reuters - The Federal Reserve could sell some assets later this year in an effort to whittle down its bloated balance sheet to avoid inflation, a senior Federal Reserve official said on Monday.
