Subject: This Morning's Headlines: BP sues Transocean over Gulf spill, iPhone and Mac s...
From: "Financial Times Briefing" <[email-masked]>
To: <[email-masked]>
Date: Thu, 21 Apr 2011 08:04:46 -0400

View an online version of this email here: 
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ft.com/briefings 
FINANCIAL TIMES - Morning headlines
http://link.ft.com/r/P75VYY/GKM28A/X1IK5/RNEURK/YHN5H6/28/t?a=2011&b=4&c=21

Thursday April 21 2011 

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Financial Times - US homepage
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BP sues Transocean over Gulf spill
Oil group claims the company was negligent and caused the Deepwater Horizon oil rig to be ‘unseaworthy’ in papers filed on anniversary of the Gulf of Mexico disaster 
Read more >> 
http://link.ft.com/r/P75VYY/GKM28A/X1IK5/RNEURK/3OLD61/28/t?a1=2011&a2=4&a3=21

iPhone and Mac sales help Apple profits soar
Apple’s profits surged 95 per cent in its second quarter as iPhone shipments more than doubled, Mac volume grew 28 per cent and the company sold 4.7m iPads 
Read more >> 
http://link.ft.com/r/P75VYY/GKM28A/X1IK5/RNEURK/FXAPXY/28/t?a1=2011&a2=4&a3=21

Apple gives fresh boost to stock rally
Global stock markets are approaching the Easter holiday in fine fettle, with the wobble seen at the start of the week following S&P’s warning on US debt already a distant memory 
Read more >> 
http://link.ft.com/r/P75VYY/GKM28A/X1IK5/RNEURK/9Z6SZZ/28/t?a1=2011&a2=4&a3=21

US Treasury to press on with $20bn AIG sale
The US Treasury is pressing ahead with plans to sell $20bn of AIG shares next month even though a sharp fall in the insurer’s stock price will lead to smaller-than-expected profits for taxpayers 
Read more >> 
http://link.ft.com/r/P75VYY/GKM28A/X1IK5/RNEURK/QFI0RX/28/t?a1=2011&a2=4&a3=21

Galleon jury is told of ‘cheating’
A US prosecutor painted a picture for the jury of Raj Rajaratnam, founder of Galleon Group, as someone who sought to ‘conquer’ the market by ’corrupting’ his friends and trusted colleagues 
Read more >> 
http://link.ft.com/r/P75VYY/GKM28A/X1IK5/RNEURK/UUSAPD/28/t?a1=2011&a2=4&a3=21

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Financial Times - Financial markets news
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Dollar plunges to 2½-year low
The dollar drops to its lowest level in more than two-and-a-half years as buoyant risk appetite prompts investors to sell the currency to fund carry trades 
Read more >> 
http://link.ft.com/r/P75VYY/GKM28A/X1IK5/RNEURK/5CHI0G/28/t?a1=2011&a2=4&a3=21

Banks lead European stock market gains
European equities continued to push ahead on their last trading session before the four-day Easter weekend, with banks in the lead 
Read more >> 
http://link.ft.com/r/P75VYY/GKM28A/X1IK5/RNEURK/40TYOU/28/t?a1=2011&a2=4&a3=21

Silver’s conspiracy theorists
Is it a Russian oligarch or an emerging market central bank? Silver’s momentous rally has led to some wild theories, writes Jack Farchy 
Read more >> 
http://link.ft.com/r/P75VYY/GKM28A/X1IK5/RNEURK/6VBEVA/28/t?a1=2011&a2=4&a3=21

Brazil raises rates to 12%
The country’s central bank raises interest rates by less than expected, indicating that policymakers are planning to rely on other tools to stem rising inflation 
Read more >> 
http://link.ft.com/r/P75VYY/GKM28A/X1IK5/RNEURK/RNECFS/28/t?a1=2011&a2=4&a3=21

Arm tightens grip on London
Chip designer spends a second successive morning at the top of London’s benchmark index after demand for Apple’s iPhone, which uses its  chips, lifts the US group’s earnings 
Read more >> 
http://link.ft.com/r/P75VYY/GKM28A/X1IK5/RNEURK/QFI0RS/28/t?a1=2011&a2=4&a3=21

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Financial Times - World
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Japan creates no-go area around nuclear plant
Tokyo has declared a no-entry zone within the 20km radius of Tokyo Electric Power’s Daiichi plant, amid worries about the safety of people who have tried to return 
Read more >> 
http://link.ft.com/r/P75VYY/GKM28A/X1IK5/RNEURK/UUSAUP/28/t?a1=2011&a2=4&a3=21

Surprise poll bounce-back for Portugal PM
The centre-left Socialists of José Sócrates have leapt forward in an opinion poll to overtake the main opposition party six weeks ahead of a snap election 
Read more >> 
http://link.ft.com/r/P75VYY/GKM28A/X1IK5/RNEURK/GKZUXZ/28/t?a1=2011&a2=4&a3=21

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FT.com - US
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US Treasury to press on with $20bn AIG sale
The US Treasury is pressing ahead with plans to sell $20bn of AIG shares next month even though a sharp fall in the insurer's stock price will lead to smaller-than-expected profits for taxpayers 
Read more >> 
http://link.ft.com/r/P75VYY/GKM28A/X1IK5/RNEURK/72GQV1/28/t?a1=2011&a2=4&a3=21

Deepening Facebook ties risky for Obama
Barack Obama revived memories of the Silicon Valley campaign contributions and internet innovation that helped buoy his 2008 presidential campaign, as he visited the headquarters of Facebook  
Read more >> 
http://link.ft.com/r/P75VYY/GKM28A/X1IK5/RNEURK/3OLDO0/28/t?a1=2011&a2=4&a3=21

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FT.com - Companies US & Canada
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China clears sale of Motorola unit to NSN
Nokia Siemens Networks is set to complete its acquisition of Motorola's network infrastructure business next week after China's antitrust regulator approves the deal 
Read more >> 
http://link.ft.com/r/P75VYY/GKM28A/X1IK5/RNEURK/HD71K6/28/t?a1=2011&a2=4&a3=21

BP sues Transocean over Gulf spill
Oil group claims the company was negligent and caused the Deepwater Horizon oil rig to be 'unseaworthy' in papers filed on anniversary of the Gulf of Mexico disaster 
Read more >> 
http://link.ft.com/r/P75VYY/GKM28A/X1IK5/RNEURK/IYMLDZ/28/t?a1=2011&a2=4&a3=21

League takes over Los Angeles baseball team
Major League Baseball has taken over the daily operations amid concerns about the financial viability of one of baseball's most popular clubs 
Read more >> 
http://link.ft.com/r/P75VYY/GKM28A/X1IK5/RNEURK/LQWBEI/28/t?a1=2011&a2=4&a3=21

Galleon jury is told of 'cheating'
A US prosecutor painted a picture for the jury of Raj Rajaratnam, founder of Galleon Group, as someone who sought to 'conquer' the market by 'corrupting' his friends and trusted colleagues 
Read more >> 
http://link.ft.com/r/P75VYY/GKM28A/X1IK5/RNEURK/TP923X/28/t?a1=2011&a2=4&a3=21

Industrial groups upbeat despite global troubles
Two of America's largest industrial groups, United Technologies and Eaton, posted strong first-quarter results and raised guidance for expected earnings growth for the year 
Read more >> 
http://link.ft.com/r/P75VYY/GKM28A/X1IK5/RNEURK/D4VN52/28/t?a1=2011&a2=4&a3=21

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(c)THE FINANCIAL TIMES LTD 2011

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