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U.S. Trade Gap Narrows
The U.S. trade deficit contracted sharply in July to $42.78 billion, as exports of airplanes surged and U.S. demand for imports fell across the board. Separately, weekly jobless claims dropped.
Thu, 09 Sep 2010 13:04:29 EDT |
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Goldman Is Hit With U.K. Fine
Goldman Sachs agreed to a fine of $27.1 million as part of an investigation by the Financial Services Authority that began shortly after U.S. regulators accused the firm in April of fraud.
Thu, 09 Sep 2010 11:39:10 EDT |
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Stocks Inch Up, Volume Light
The Dow industrials were clinging to small gains in another session of subdued trading volumes.
Thu, 09 Sep 2010 14:00:44 EDT |
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Vodafone Streamlines Structure
Vodafone announced a major restructuring of its divisions, placing all the minority stakes the company holds in other mobile operators into a single unit to be managed separately.
Thu, 09 Sep 2010 13:37:01 EDT |
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ECB: Lending Outlook Uncertain
The ECB said improved money-market conditions in the euro zone over the summer haven't made up for the disruption caused by the financial crisis and may prove short-lived.
Thu, 09 Sep 2010 12:10:35 EDT |
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Blue-Chip Borrowers Issue Debt in Droves
Hewlett-Packard and other companies are filling the bond market with fresh debt. An estimated $51 billion in corporate bonds and leveraged loans have hit the market in two days. Yield-hungry investors are buying.
Thu, 09 Sep 2010 14:13:38 EDT |
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Kindle Distribution Widens
Best Buy will add the Amazon Kindle to its selection of e-book readers.
Thu, 09 Sep 2010 11:57:16 EDT |
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OECD: More Stimulus May Be Needed
Central banks may have to provide additional stimulus, and in some cases governments may have to delay their plans to cut budget deficits to counter a slowdown in the global economy.
Thu, 09 Sep 2010 10:37:11 EDT |
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Ireland, Hungary Sell Debt Successfully
Recent announcements helped restore some confidence as Ireland sold $509 million of Treasury bills but paid lower yields than previously, while Hungary sold 40% more bonds than planned.
Thu, 09 Sep 2010 13:27:37 EDT |
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European Crisis Flares Up in Ireland
Ireland's troubled banking system became the latest flash point in Europe's continuing economic crisis, as the government said it would split up the weakest of its major banks to stave off a run by depositors.
Thu, 09 Sep 2010 08:30:55 EDT |
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McDonald's Sales Rise
Smoothies and other specialty drinks continued to boost business at McDonald's, where same-store sales rose 4.9% in August.
Thu, 09 Sep 2010 09:25:29 EDT |
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New CEO for Burger King
Burger King's current CEO will be replaced by railroad executive Bernardo Hees after 3G Capital completes its buyout of the fast-food chain.
Thu, 09 Sep 2010 09:32:47 EDT |
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KNOC Sticks to Dana Offer Price
Korea National Oil Corp. said it won't raise its $2.89 billion bid for Dana Petroleum, a day after Dana released a lengthy document saying the offer undervalued the company.
Thu, 09 Sep 2010 10:18:17 EDT |
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Airgas Holders Urged to Approve Air Products Nominees
An influential proxy advisory firm recommended that Airgas shareholders vote for a slate of three board of director candidates put forth by Air Products as part of its $5.48 billion hostile bid for Airgas.
Thu, 09 Sep 2010 14:06:52 EDT |
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Apple Eases App-Developer Rules
Apple relaxed restrictions on developers of applications for its iPhones and iPads. The changes will allow apps made using Adobe's Flash as well as open up apps to Google's ad technology.
Thu, 09 Sep 2010 14:32:26 EDT |
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Obama Attacks Quran Burning
President Barack Obama is exhorting a Florida minister to "listen to those better angels" and call off his plan to engage in a Quran-burning protest this weekend.
Thu, 09 Sep 2010 14:01:00 EDT |
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India to Survey Citizens on Their Caste
The Indian government decided to poll all its citizens on their caste for the first time in 80 years in a major policy shift on the controversial issue.
Thu, 09 Sep 2010 14:16:08 EDT |
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