GM's Saab cuts targets on way to break even: report

(Reuters) - Earlier targets set by Forster's predecessor Peter
Augustsson, who left the company in March last year, aimed to
sell 250,000 units per year, the magazine said.




Saab sold 133,167 cars worldwide last year and was not
profitable, Jan-Ake Jonsson, Saab's managing director, told
Automotive News.


Read more at Reuters.com Business News

World's largest stock exchanges

(Reuters) -




1. NYSE $21.79


Read more at Reuters.com Business News

Oil rises above $71 on Nigeria strike fears

(Reuters) - Oil prices rose above $71 a barrel on Friday on fears a general strike in Nigeria could intensify and disrupt crude shipments from the world's eighth-largest exporter.

London Brent crude, currently seen as the best benchmark of world oil prices, settled up 96 cents at $71.18 a barrel, after trading as high as $71.50 during the day.


Read more at Reuters Africa

European Stocks Drop on Concern Higher Rates, Oil Prices May Hurt Earnings

(Bloomberg) -- European stocks dropped on
speculation increasing borrowing costs and higher oil prices
will weigh on corporate earnings.

Retail shares fell after Tesco Plc, the U.K.'s largest
supermarket operator, predicted a ``tougher year'' because of
rising interest rates and growing competition. Air France-KLM
Group and British Airways Plc, among the most sensitive to
changes in the price of oil, led travel and leisure stocks to
the lowest in more than two months.


Read more at Bloomberg Stocks News