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Financial News

Greek Aid Package Considered by EU as Deficit Threatens Confidence in Euro European officials said they are considering assistance for Greece as its struggle to contain the European Union’s highest budget deficit threatens to erode confidence in the euro.

ECB May Be Forced to Delay Exit as Greece Unnerves Markets, Economists Say The European Central Bank may be forced to delay the withdrawal of emergency lending measures because it could inflame financial-market concerns about Greece, Spain and Portugal, economists said.

Ex-Morgan Stanley Banker Zaoui Said to Weigh Starting Own Firm This Year Michael Zaoui, a 21-year Morgan Stanley dealmaker who helped advise Arcelor SA in the takeover by Mittal Steel Co. that created the world’s largest steelmaker, may set up his own firm this year, according to people familiar with the matter.

Havas 2009 Revenue Drops 8.1% on Weaker Pound, Decline in U.K. Market Havas SA, the owner of the Euro RSCG Worldwide advertising agency, said 2009 revenue declined as the pound weakened against the euro and the U.K market suffered from the economic slowdown.

Boizel Chanoine, Enel, Ferrovial, Infineon, Siemens: Europe Equity Preview The following companies may be active in European trading. Stock symbols are in parentheses and prices are from the last close.

Airbus, Boeing Need 150,000 Seats Fixed as Koito Admits Falsifying Data Koito Industries Ltd., the Japanese supplier of seats used in Airbus SAS and Boeing Co. planes, should face “tough civil sanctions” after falsifying test data, said Transport Minister Seiji Maehara.

Areva Forecasts Solar-Thermal Power Market May Increase 30-Fold by 2020 Areva SA of France predicts the global use of solar-thermal power will grow by about 30-fold this decade, a forecast that spurred the world’s largest maker of nuclear reactors to buy a California-based equipment maker.

U.K. House of Lords Advises Government to Challenge EU Hedge Fund Rules U.K. lawmakers advised the government to challenge a proposed European Union law regulating hedge funds and private equity because it could make it harder for EU funds to compete.

Total Quarterly Profit May Drop as Demand Decline Prompts Refining Losses Total SA, Europe’s biggest refiner, may report a drop in fourth-quarter profit as it lost about 100 million euros ($73 million) a month from turning crude into gasoline and diesel in France because of a slump in demand.

Unibail-Rodamco Sees Little Profit Gain as Recession Curbs Rental Income Unibail-Rodamco SE, Europe’s largest shopping-center owner, said profit will barely increase this year as fewer new properties and the recession curb growth in rental income.

General News

Gates Shores Up U.S. Allies Engaged in Afghan War, Urges Pressure on Iran Defense Secretary Robert Gates returns to Washington today after a weeklong Europe tour spent shoring up coalition support for Afghanistan and calling for sustained pressure on Iran to curtail its nuclear ambitions.

Federal Offices Closed Another Day as Washington Readies for Second Storm Federal government offices in Washington remain closed for a second full day and New York City schools canceled tomorrow’s classes as the East prepares for what may be a “paralyzing” storm packing as much as 20 inches (51 centimeters) of snow.

British Airways Pilot's Maneuver Avoided Worse Heathrow Crash, Report Says A British Airways Plc jet that crash- landed at London’s Heathrow airport with 152 people on board in 2008 avoided a more serious accident after the pilot executed a last-minute maneuver to clear antennas fringing the runway.



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