SEOUL, April 15 (Reuters) - State-run Korea Electric Power Corp (KEPCO) (015760.KS) posted an estimated 1.2 trillion won ($909.4 million) operating loss in the first two months of the year due to high fuel costs, Seoul's energy ministry said on Wednesday.
The ministry said the expanding operating loss was pressuring the power monopoly to raise domestic electricity rates. (Reporting by Angela Moon; Editing by Jonathan Hopfner)
WASHINGTON (Reuters) - Sales at U.S. retailers rose more than expected in November as consumers stepped up spending on gasoline and a wide range of other goods, data showed on Friday, raising hopes of a self-sustaining economic recovery.
It made a name for itself by investing in bonds, and now PIMCO has landed in a booming $1-trillion business that, put simply, steers clients through "very hard situations." Full Article
The six firms still under pay czar Ken Feinberg's authority are girding for the impact of the next round of compensation rulings. Full Article
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