â¿¿ EARNS-REYNOLDS AMERICAN â¿¿ Reynolds American's fourth-quarter net income falls 54 percent on pension, trademark and other costs. Higher sales of smokeless tobacco offset cigarette volume declines.
MADRID â¿¿ Spanish airline Iberia presents a plan to cut almost a fifth of its workforce â¿¿ 3,800 workers â¿¿ a week ahead of a first round of strikes by labor unions.LEAN CUISINE-RECALL Nestle issues recall for Lean Cuisine mushroom ravioli after reports of glass shards found. â¿¿ BRITAIN-UBS â¿¿ U.K. regulator fines UBS nearly $15 million for exposing its customers to high-risk investments and for failing to deal properly with complaints that followed. â¿¿ CANADA-NEXEN-CNOOC â¿¿ Canadian energy producer Nexen says a U.S. government agency has given the final approval required for its $15.1 billion acquisition by China's state-owned CNOOC. â¿¿ BOEING 787-BATTERY SHIPMENTS â¿¿ A U.N. agency that sets global aviation safety standards is moving to prevent aircraft batteries like the one that caught fire on a Boeing 787 last month from being shipped as cargo on passenger planes. TECHNOLOGY & MEDIA â¿¿ NETFLIX-DREAMWORKS ANIMATION â¿¿ Streaming video provider Netflix adds more kids content with DreamWorks Animation cartoon. INTERNATIONAL â¿¿ ITALY-FINMECCANICA â¿¿ Italian police arrest the chief executive of Italy's largest defense and aerospace group, Finmeccanica, as part of an investigation into alleged international corruption. â¿¿ BRITAIN-OLYMPIC SECURITY â¿¿ London Olympic organizers say agreement reached with G4S over failure to provide security. â¿¿ EUROPE-FINANCIAL CRISIS â¿¿ Senior EU official: No plans to force private depositors in Cypriot banks to take losses. AP Photos YL108-0212131014, YL107-0212131015, YL104-0212131017. â¿¿ INDIA-ECONOMY â¿¿ India's industrial output drops 0.6 percent in December; slide for 2nd month adds to gloom. â¿¿ CHINA-US-SANCTIONS â¿¿ China protests U.S. sanctions on companies over alleged arms deals with Iran, North Korea, Syria.