UNITED KINGDOM

ARM sees positive signs from customers

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Chip designer ARM said it was optimistic that reductions in inventory by device makers which is dampening demand for semiconductors would be short-lived, bolstering its confidence in its own outlook for 2012.
British Airways

Nigeria fines BA, Virgin Atlantic total $235 mln

Nigeria said on Thursday it was fining airlines British Airways and Virgin Atlantic a total of $235 million, as an ongoing row between Britain and Africa's most populous nation over landing slots and ticket prices escalates.
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A laboratory worker looks for strains of E.coli bacteria in vegetable cells placed in a petri dish, in La Mojonera.

Europe in the Grip of Drug-Resistant Superbugs

Superbugs capable of evading even the most powerful antibiotics are increasing their grip in Europe with rates of drug resistance in one type of bacteria reaching 50 percent in the worst-hit countries, health officials said Thursday.
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UBS poised to slash risk and pare profit targets

Sergio Ermotti, the suave new boss of UBS AG , could signal the Swiss bank's return to dividend payments later on Thursday as part of plans to slash risky investment banking and re-focus on the core business of managing the assets of the world's wealthy.
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UK sells Northern Rock to Virgin Money

The British government has agreed to sell Northern Rock, the failed mortgage lender it nationalized in 2008, to Virgin Money, the banking arm of Richard Branson's Virgin empire.
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Olympus plans $3.4 billion debt reduction: report

Japan's disgraced Olympus Corp may sell assets to help pay down $3.4 billion in debt under a plan aimed at keeping the support of lenders in its battle to survive an accounting scandal, the Nikkei business daily said on Thursday.
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Occupy London Eviction Notice: Is it Legally Sound?

Occupy London protestors were given 24 hours to vacate their camp outside of St. Paul's Cathedral on Wednesday afternoon, one day after the midnight eviction of the Occupy Wall Street protestors in New York.
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Wall St. falls as Europe offsets U.S. gains

Stocks fell on Wednesday as warnings about the impact of Europe's debt crisis on the global economy kept investors cautious, but optimism about the U.S. economy limited losses.
Nokia CEO Stephen Elop walks under a graphic of the new Nokia Lumia smart phone as he speaks at the Nokia World event in London

Nokia aims to undercut rivals with volume focus

Nokia plans to undercut its Windows Phone rivals to give its new smartphones a foothold in the market before trying to improve margins, its Chief Executive Stephen Elop said on Wednesday.
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Wall Street lower after new warnings on Europe

Stocks fell early Wednesday as policymakers warned Europe's debt crisis posed dangers to the global economy and on signs the contagion was starting to spread to larger European nations.

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