Lithuania adopts law on new nuclear power plant

(Reuters) - The 3,000-3,500 megawatt plant, to replace the ageing
Soviet-era Ignalina nuclear reactor, which has to be shut down
under a deal with the European Union, is expected to be built by
2015.




One goal is to strengthen the region's energy independence
from Russia.


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Global rally sweeps FTSE up as commodities bounce

(Reuters) - The leading share index joined a rebound in global equities on Thursday by jumping 0.6 percent, hoisted by commodities shares and by expectations that the Federal Reserve will keep U.S. interest rates on hold.

Mining and oil shares jointly added more than 26 points to the index's upside as copper prices bounced back and oil edged higher on a drop in U.S. gasoline inventories.


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U.S. Stock-Index Futures Drop; Bed Bath & Beyond, Novellus Shares Decline

(Bloomberg) -- U.S. stock-index futures fell after
profit forecasts from Bed Bath & Beyond Inc. and Novellus
Systems Inc. missed some analysts' estimates.

Bed Bath & Beyond, the largest U.S. home-furnishings
retailer, dropped after it said earnings may decline because of
the slump in housing. Novellus led shares of semiconductor
equipment makers lower after saying second-quarter profit and
sales will be at the low end of its forecast.


Read more at Bloomberg Stocks News

Momenta sees longer US review for generic Lovenox

(Reuters) - In a new filing, the company said the review will "likely
extend" beyond its prior view "due to a change in the projected
timing of certain activities required for the completion of the
FDA's review."




Momenta declined to provide a new projection for the timing
but said it believes the FDA review "continues to progress
satisfactorily."



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RPT-General Mills 4th-quarter profit rises

(Reuters) - The maker of Cheerios cereal, Progresso soups and Yoplait
yogurt said profit was $224 million, or 62 cents a share, for
the fiscal fourth quarter ended May 27. That compares with $222
million, or 61 cents a share, a year earlier.




Analysts, on average, forecast 63 cents a share, according
to Reuters Estimates.


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Michigan County Sells Bonds for Retiree Benefits, Leading Muni Borrowers

(Bloomberg) -- Michigan's Oakland County, a New
York state agency and Nevada will sell a combined $1.3 billion
of bonds in today's largest sales of U.S. municipal debt.

Oakland County will offer $570 million of 20-year taxable
bonds to raise money to help cover future payments of benefits
for retired workers. The New York State Dormitory Authority will
borrow $438.8 million for a variety of capital projects at
schools in the state. Nevada will sell almost $300 million for
capital projects.


Read more at Bloomberg Bonds News

CORRECTED: Fed seen on hold as core inflation edges lower

(Reuters) - WASHINGTON - Federal Reserve policy-makers meeting for a second day on Thursday look set to hold borrowing costs steady as they monitor risks that U.S. inflation could rekindle and that economic growth may stall.




Financial markets widely expect the U.S. central bank to hold benchmark overnight interest rates at 5.25 percent, a level reached in June last year after 17 straight increases.


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