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Italian stocks lead Europe as budget deficit fears quelled

LONDON (Reuters) - Italian stocks turned from a drag into a boost for European markets on Wednesday as signs the government would target a lower budget deficit quelled investors’ fears of a damaging showdown with the European Commission. Italian bank stocks jumped as much as 3 percent after government bond yields fell back and the spread to Bunds narrowed thanks to reports the government was targeting a lower budget deficit in 2020 and 2021. Still in the thrall of developments on the Italian front, the leading euro zone stocks index and the pan-European STOXX 600 climbed 0.3 percent with bank stocks the best-performing, up 0.8 percent. Italy’s FTSE MIB outperformed, up 0.5 percent with the banks index last trading up 0.7 percent. Unicredit and Intesa Sanpaolo were among the top gainers, up 2.6 percent each, while Mediobanca, UBI Banca, and Banco BPM also rose as much as 5 percent. Banks, which have large sovereign bond holdings, suffer the most from selloffs in the bond mark...
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Dell sees brisk sales of new ultrabooks

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  Dell  Inc's new ultra-thin laptop computer meant to rival Apple Inc's popular MacBook Air is doing much better than the company expected. Sales of the XPS 13 ultrabook, which hit store shelves on Feb. 28, are now more than double the company's internal forecast, driven by strong demand from both consumers and big corporations, Dell said.  "With this product, we went aggressive with the forecast," Dell product marketing director  Alison Gardner  said. "Since we started shipping it to customers, XPS 13 has exceeded our expectations." Almost half of the sales of the XPS 13, which starts at $999, were to corporations, she added. Dell's so-called enterprise business has doubled in the past five to six years and now represents half of the company's profit. While Gardner declined to reveal the exact number of units sold so far or the internal forecast, she said Dell is seeing a lot of sales momentum for the super-thin category of laptops. ...
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Mobile phones: 'Still no evidence of harm to health'

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There is still no evidence mobile phones harm human health, says a major safety review for the UK's Health Protection Agency (HPA). Scientists looked at hundreds of studies of mobile exposure and found no conclusive links to cancer risk, brain function or infertility. However, they said monitoring should continue because little was known about long-term effects. The HPA said children should still avoid excessive use of mobiles. It is the biggest ever review of the evidence surrounding the safety of mobile phones. There are now an estimated 80 million mobiles in the UK, and because of TV and radio broadcasting, Wi-Fi, and other technological developments, the study said exposure to low-level radio frequency fields was almost universal and continuous. A group of experts working for the HPA looked at all significant research into the effects of low-level radio frequency. 'Relatively reassuring' They concluded that people who were not exposed above UK guide...
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