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Asian shares take cue from Wall Street's rally Monday, December 22, 2014 12:55 am

Passersby are silhouetted in front of an electronic board displaying Japan's Nikkei average and various countries' stock price index outside a brokerage in TokyoBy Lisa Twaronite TOKYO (Reuters) - Asian shares took their cues from Wall Street and kicked off a holiday-shortened week on a strong footing on Monday as oil prices recovered, while the euro touched a fresh two-year low against the greenback on divergent monetary policy expectations. Spreadbetters at IG expected Britain's FTSE 100 to open up by 32 points, or 0.5 percent. They predicated Germany's DAX would edge up by 5 points, or 0.1 percent, and France's CAC 40 would open up by 13 points, or 0.3 percent. ...

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Saudi Arabia says won't cut oil output Sunday, December 21, 2014 9:41 pm

Saudi Arabia's Oil Minister al-Naimi talks to journalists before a meeting of OPEC oil ministers at OPEC's headquarters in ViennaABU DHABI (Reuters) - Saudi Arabia said on Sunday it would not cut output to prop up oil markets even if non-OPEC nations did so, in one of the toughest signals yet that the world's top petroleum exporter plans to ride out the market's biggest slump in years.

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American Apparel adopts new stockholder rights plan Sunday, December 21, 2014 10:00 pm

The American Apparel factory headquarters is pictured in Los Angeles, California(Reuters) - Struggling retailer American Apparel Inc said it has adopted a new, one-year stockholder rights plan with a 10 percent trigger.

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Mexico competition watchdog signs off on AT&T's Iusacell buy Sunday, December 21, 2014 6:46 pm

Iusacell stall is seen at a shopping mall in Mexico CityMEXICO CITY (Reuters) - Mexico's competition regulator on Sunday approved AT&T Inc's $1.7 billion purchase of local cellphone company Iusacell, with unspecified conditions, a statement said. The Federal Competition Commission said it set conditions on the deal to "avoid risks to the process of competition" in markets where Iusacell would compete with Carlos Slim's America Movil, which previously counted AT&T as a minority investor. America Movil is Mexico's biggest mobile operator, while Iusacell is a distant third. ...

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Airbus to sue Skymark in UK court over canceled A380 contract Monday, December 22, 2014 1:40 am

The logo of Airbus Group is seen during the first public flight of an E-Fan aircraft during the e-Aircraft Day at the Bordeaux Merignac airportTOKYO (Reuters) - European aircraft maker Airbus Group NV is suing Skymark Airlines Inc in Britain, escalating a half-year spat over a canceled jet order and complicating the efforts of Japan's third-biggest carrier to rebuild its finances.

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