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NYT > Business
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The E.U. and U.S. Quarrel Over Hedge Funds
Posted: March 11th, 2010, 3:10pm EST by By JAMES KANTER
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The European Union rebutted criticism by the U.S. of its plans to tighten the rules on hedge funds.
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Patchwork Retirement Plan Adds to Greece’s Debt Woes
Posted: March 11th, 2010, 3:10pm EST by By LANDON THOMAS Jr.
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Greece’s retirement plan, which lets 14 percent of its work force retire early, has become divisive in Europe.
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Thousands of Clients Had Data Stolen, HSBC Says
Posted: March 11th, 2010, 2:48pm EST by By DAVID JOLLY
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HSBC said the theft of Swiss client data involved in a recent tax dispute with France was larger than had been acknowledged, involving at least 24,000 clients.
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Once Again, Wall Street Starts to Wander
Posted: March 11th, 2010, 2:20pm EST by By THE ASSOCIATED PRESS
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Indexes traded within a narrow range amid concerns of an overheating Chinese economy and after jobless filings in the United States fell less than expected.
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Dodd to Offer Financial Regulation Bill Without G.O.P.
Posted: March 11th, 2010, 1:58pm EST by By SEWELL CHAN
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A Republican on the Senate Banking Committee called Senator Christopher J. Dodd’s plan to proceed without more negotiations “very disappointing.”
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BMW and VW Results Show Money Is Still in Selling Luxury Cars
Posted: March 11th, 2010, 1:34pm EST by By JACK EWING
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The earnings suggest makers of the lower-priced cars that most people drive could struggle with meager profits for years to come.
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Obama to Create Export Promotion Cabinet to Promote Trade
Posted: March 11th, 2010, 1:00pm EST by By JAVIER C. HERNANDEZ and SEWELL CHAN
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The administration’s announcement comes as America’s trade deficit narrowed in January, largely because of a drop in spending on oil and cars and a decrease in exports like airplanes.
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Safety Regulator Plans Closer Look at Electronics in Cars
Posted: March 11th, 2010, 12:30pm EST by By MICHELINE MAYNARD
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The National Highway Traffic Safety Administration will also explore whether data recorders should be mandatory in all cars.
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Jobless Filings Fall, but Not as Much as Expected
Posted: March 11th, 2010, 9:20am EST by By REUTERS
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A new report on weekly filings for first-time jobless claims was the latest indication of a slow recovery in the labor market.
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Airline Group Halves Forecast for Losses in 2010
Posted: March 11th, 2010, 6:42am EST by By NICOLA CLARK
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The International Air Transport Association said passenger traffic was increasing due to a stronger-than-expected economic recovery in emerging markets.
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Chinese Consumer Prices Rise 2.7%
Posted: March 11th, 2010, 6:34am EST by By SHARON LAFRANIERE
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The year-on-year rise in February was partly attributable to the Lunar New Year holiday but also to rising inflationary pressures in China’s economy.
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A.I.G.'s Sale of Its Taiwan Unit in Regulatory Limbo
Posted: March 11th, 2010, 5:02am EST by By BETTINA WASSENER
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Officials are investigating whether the buyers are funded by China, a historical foe of the island nation.
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BP Gains Access to Brazilian Offshore Fields
Posted: March 11th, 2010, 4:52am EST by By JULIA WERDIGIER
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BP is paying Devon Energy $7 billion for oil and gas assets in Brazil, the Gulf of Mexico and Azerbaijan.
Yahoo! News: Business
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Senate to take up unemployment insurance extension (AP)
Posted: March 9th, 2010, 3:17am EST
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AP - Legislation extending unemployment insurance for the long-term jobless faces a key test vote in the Senate, its momentum helped by about 60 popular tax breaks for individuals and businesses that expired at the end of last year. -
Severstal posts $162 mln net loss in Q4 (AP)
Posted: March 9th, 2010, 3:10am EST
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AP - Russia's largest steelmaker Severstal says its fourth quarter net loss narrowed sharply to $162 million and expects market improvements in the year ahead. -
China: US assets should not be 'politicized' (AP)
Posted: March 9th, 2010, 3:02am EST
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AP - An official in charge of China's foreign reserves tried to ease American concern Tuesday about the political impact of its huge holdings of U.S. government debt and indicated Beijing has no plans for a big increase in its gold stockpile.
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Deutsche Post Q4 net loss narrows to $385 million (AP)
Posted: March 9th, 2010, 2:53am EST
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AP - German mail and logistics company Deutsche Post AG says its net loss for the fourth quarter narrowed to euro283 million ($385 million) largely because of a cost savings program. -
No U.S. word on Reliance's fuel sale to Iran: India minister (Reuters)
Posted: March 9th, 2010, 2:35am EST
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Reuters - The United States has not raised the issue of gasoline sales by Reliance Industries to Iran, but New Delhi has told the U.S. government that issues with Tehran should be settled by talks, not sanctions, India's junior oil minister said.
NYT > Business
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Frequent Flier: Holder of a Title, Yes, but Not a Heisman
Posted: March 9th, 2010, 2:14am EST by By ANDRE BERTO, as told to JOAN RAYMOND.
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Andre Berto is a boxing champion who is sometimes mistaken for other people, especially the football player Reggie Bush.
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Google’s Computing Power Betters Translation Tool
Posted: March 9th, 2010, 2:05am EST by By MIGUEL HELFT
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The company’s network pushes the limits of translation technology and has become a favored source for millions.
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Dealbook: So Where’s Consumer Protection?
Posted: March 9th, 2010, 1:20am EST by By ANDREW ROSS SORKIN
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Should a consumer protection agency have true independence, as many Democrats believe it should, so that it has real power to act on its own?
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Mexico’s Oil Politics Keeps Riches Just Out of Reach
Posted: March 9th, 2010, 1:16am EST by By CLIFFORD KRAUSS and ELISABETH MALKIN
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The country, which kicked out oil firms in 1938, now needs assistance to get its oil out of the ground.
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Solar Industry Learns Lessons in Spanish Sun
Posted: March 9th, 2010, 1:05am EST by By ELISABETH ROSENTHAL
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A national commitment to solar power transformed one community but big subsidies led to unsustainable growth.
Yahoo! News: Business
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Asian stocks mixed after lackluster US finish (AP)
Posted: March 9th, 2010, 12:50am EST
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AP - Asian stocks were mixed Tuesday, taking a breather after sharp gains the day before as investors awaited more clues about the health of the world economy.
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Oil hovers below $82 after monthlong run-up (AP)
Posted: March 9th, 2010, 12:47am EST
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AP - Oil prices hovered below $82 a barrel Tuesday in Asia, losing momentum after a monthlong run-up fueled by growing investor optimism about global economic growth.
NYT > Business
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Two Airlines Seek Relief From New Rule
Posted: March 9th, 2010, 12:40am EST by By THE ASSOCIATED PRESS
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JetBlue and Delta said they feared that repair work at Kennedy International Airport would penalize them unfairly for delays.
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Public Pension Funds Are Adding Risk to Raise Returns
Posted: March 9th, 2010, 12:21am EST by By MARY WILLIAMS WALSH
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Even as big companies are moving their pension funds out of stocks, state governments are chasing higher returns for their plans by making riskier investments.
Yahoo! News: Business
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Toyota finds no flaw with safety electronics (Reuters)
Posted: March 9th, 2010, 12:15am EST
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Reuters - Toyota Motor Corp said it had found no flaw with its throttle controls as it seeks to dismiss an external study critical of its electronic safety systems.
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Portugal's Socrates defends austerity plan (AFP)
Posted: March 9th, 2010, 12:10am EST
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AFP - Big business and the rich will bear the brunt of Portugal's new austerity programme, the country's socialist prime minster said as his government announced spending cuts and select tax rises.
washingtonpost.com - Business
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D.C. law firm Arent Fox names Mark M. Katz new chairman
Posted: March 9th, 2010, 12:00am EST by V. Dion Haynes
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The Washington law firm Arent Fox said Monday that it has named longtime partner Mark M. Katz as its new chairman, a leadership change that comes as the legal sector copes with an economic downturn that has curtailed business and prompted layoffs.
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Obama launches attack on health insurance companies
Posted: March 9th, 2010, 12:00am EST by Amy Goldstein and Scott Wilson
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The White House is mounting a stinging, sustained broadside against health insurance rate increases as President Obama and his aides enter what they hope will be the final stretch of a year-long political war over health-care reform.
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U.S. cotton subsidies spur trade sanctions in Brazil
Posted: March 9th, 2010, 12:00am EST by Post
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BRAZIL Brazil announced trade sanctions Monday on a range of American goods, affecting products from Heinz ketchup to Ford automobiles, retaliating for billions of dollars that the United States pours into domestic cotton subsidies.
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Video Vault, cult movie rental favorite, to close in April
Posted: March 9th, 2010, 12:00am EST by Mike Musgrove
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Another video rental store might have been content to boast a "Horror" section, but Alexandria's Video Vault always catered to far more specialized tastes.
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What is a credit default swap?
Posted: March 9th, 2010, 12:00am EST by Post
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That's part of what Greece's prime minister, George Papandreou, blames for his country's financial crisis. A credit default swap is a form of insurance on bonds that investors buy and sell. When it looks like a bond issuer might have trouble paying, its CDS prices soar because the bonds are more...
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Featured Advertiser
Posted: March 9th, 2010, 12:00am EST
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Toyota demo counters claim of electronic acceleration glitch
Posted: March 9th, 2010, 12:00am EST by Frank Ahrens
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Embattled Japanese auto giant Toyota launched a broad counter-attack on Monday aimed at refuting research that suggests electronics may be at the heart of runaway acceleration problems that have led the automaker to recall more than 6 million vehicles.
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Analysis finds uneasy mix in auto industry and regulation
Posted: March 9th, 2010, 12:00am EST by Kimberly Kindy
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Dozens of former federal officials are playing leading roles in helping carmakers handle federal investigations of auto defects, including those for Toyota's runaway-acceleration problems.
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Foreign Digest: Pakistan, Iran, China, Guantanamo, Dubai, Haiti
Posted: March 9th, 2010, 12:00am EST by Post
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Pakistan The Pakistani Taliban, an umbrella militant group that had been weakened in recent months, staged a forceful resurgence Monday with an attack that killed at least 12 in the heartland city of Lahore. As the workday began, a suicide bomber rammed his explosives-packed truck into an unmarked...
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Bankruptcy law doesn't restrict free speech, Supreme Court says
Posted: March 9th, 2010, 12:00am EST by Robert Barnes
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A federal law that bars attorneys from telling clients who are contemplating bankruptcy to take on more debt is not an unconstitutional restriction on the free-speech rights of lawyers, the Supreme Court decided Monday.
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Obama nominates Robert A. Harding to lead TSA
Posted: March 9th, 2010, 12:00am EST by Ed O'Keefe
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President Obama nominated retired Army Maj. Gen. Robert A. Harding on Monday to lead the Transportation Security Administration, selecting someone unknown to the aviation industry and federal unions to lead one of the government's most visible agencies.
NYT > Business
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Fed’s Reach May Be Curbed Under Plan
Posted: March 8th, 2010, 11:20pm EST by By SEWELL CHAN
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Several members of the Senate Banking Committee are said to support a deal to strip the Fed of its regulatory powers over all but the 23 largest banks.
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Senate Panel to Investigate Deaths at Long-Term Care Facilities
Posted: March 8th, 2010, 11:20pm EST by By ALEX BERENSON
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The investigation will focus on Select Medical, which runs more long-term care facilities than any other company.
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On the Road: Throwing Exit-Row Seats Into the ‘For Sale’ Bin
Posted: March 8th, 2010, 11:00pm EST by By JOE SHARKEY
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Selling exit-row seats to all comers raise questions about whether all buyers are suitable to perform emergency evacuation procedures.
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Texas Instruments Raises View on Profit
Posted: March 8th, 2010, 10:50pm EST by By BLOOMBERG NEWS
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Increasing demand for phone systems and industrial machinery allowed the chip maker to forecast a profit at the high end of estimates.
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New Plan for Mall Operator to Exit Bankruptcy
Posted: March 8th, 2010, 10:50pm EST by By MICHAEL J. de la MERCED
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The company, which operates shopping malls, has been fighting off an unsolicited $10 billion takeover bid from a rival.
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Advertising: For Marketers, a Different Set of Oscar Winners
Posted: March 8th, 2010, 10:50pm EST by By STUART ELLIOTT
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Newly frugal companies used a lot of previously seen commercials during the Academy Awards show, but there were some notable new spots.
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Shell Joins PetroChina in an Offer in Australia
Posted: March 8th, 2010, 10:00pm EST by By CHRIS V. NICHOLSON
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The joint venture offered $4.04 a share for the Australian energy company, which produces natural gas from coal beds.
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Reuters Breakingviews: The Dark Side of Home Subsidies
Posted: March 8th, 2010, 9:02pm EST by By AGNES T. CRANE and NEIL UNMACK
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Fannie Mae and Freddie Mac owned more than 131,000 properties between them at the end of 2009, according to annual filings.
Yahoo! News: Business
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Stay tuned: More fee disputes over local TV coming (AP)
Posted: March 8th, 2010, 7:36pm EST
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AP - Stay tuned for more fee disputes threatening local television stations on cable TV lineups.
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Greek PM urges G20 effort to rein in speculators (Reuters)
Posted: March 8th, 2010, 7:22pm EST
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Reuters - Greek Prime Minister George Papandreou on Monday urged the Group of 20 nations to crack down on market speculators, warning that failing to do so could trigger another global financial crisis. -
Limited Brands extends credit agreement (AP)
Posted: March 8th, 2010, 6:44pm EST
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AP - The retailer Limited Brands Inc. said Monday it has amended its existing credit agreement, extending it by two years and reducing lender commitment amounts. -
Glincher Realty alters credit facility terms (AP)
Posted: March 8th, 2010, 6:40pm EST
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AP - Real estate investment trust Glimcher Realty Trust said Monday it has extended and changed its agreement for its $470 million unsecured credit facility with its lenders, including KeyBank National Association and Bank of America NA.
NYT > Business
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Toyota Says Its Fixes Work When Properly Done
Posted: March 8th, 2010, 6:38pm EST by By NICK BUNKLEY
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The carmaker said reports of continued acceleration problems after a repair could be traced to improper work.
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Variety Lays Off Two Critics in an Overhaul
Posted: March 8th, 2010, 6:33pm EST by By MICHAEL CIEPLY
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The show business trade paper said “economic reality” dictated jobs cuts, eight in total.
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General Growth May Tap Investors for $4 Billion
Posted: March 8th, 2010, 6:28pm EST by By MICHAEL J. DE LA MERCED
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The largest shareholder and the largest unsecured creditor in General Growth Properties are planning to team up and invest about $3.93 billion in the bankrupt mall operator as part of the company's plan to emerge from bankruptcy in partnership with Brookfield Asset Management, a person briefed on the matter told DealBook.
Yahoo! News: Business
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Summary Box: AIG's $15.5B Alico sale to MetLife (AP)
Posted: March 8th, 2010, 6:11pm EST
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AP - THE SALE: American International Group Inc. sold its American Life Insurance Co. division, or Alico, to MetLife Inc. for $15.5 billion. The deal is AIG's second big asset sale in two weeks. On March 1, it said it would sell its AIA Group unit to Prudential PLC for $35.5 billion.
NYT > Business
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Itineraries: Going Global, Stateside
Posted: March 8th, 2010, 6:00pm EST by By TANYA MOHN
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Business has become so global that companies are giving cultural training even to those who never go overseas, because they work with people around the world.
Yahoo! News: Business
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Northrop drops out of tanker competition (AP)
Posted: March 8th, 2010, 5:56pm EST
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AP - Northrop Grumman Corp. announced Monday that it won't compete against Boeing Co. for a $35 billion contract to build refueling tankers for the Air Force because Northrop doesn't think it can win.
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School drink deal cuts sugar (Reuters)
Posted: March 8th, 2010, 5:30pm EST
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Reuters - A deal to sell healthier drinks in U.S. schools has slashed the amount of fattening beverages offered to students, former President Bill Clinton said on Monday as New York leaders pushed for a soda tax to tackle obesity and budget shortfalls.
NYT > Business
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Northrop to Drop Bid for Tanker
Posted: March 8th, 2010, 4:27pm EST by By CHRISTOPHER DREW
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The decision leaves Boeing as the likely winner of a contract that could eventually cost $100 billion.
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Brazil Threatens Retaliation in Dispute on Cotton Subsidies
Posted: March 8th, 2010, 4:25pm EST by By REUTERS
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The Brazilian government says it might raise tariffs on some American goods, but adds that the problem could be settled through negotiations.
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3 Drug Makers Compete to Buy Ratiopharm, a Family Business in Germany
Posted: March 8th, 2010, 3:50pm EST by By NATASHA SINGER
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Pfizer and two competitors with their eyes on global growth pursue a big maker of generics.
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Greek Leader Wants to Restrict Speculative Trades
Posted: March 8th, 2010, 3:49pm EST by By SEWELL CHAN
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The exotic market bets, the prime minister said on Monday, will make it difficult for Greece to put its austerity program in place.
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Proposed European Monetary Fund Advances
Posted: March 8th, 2010, 3:09pm EST by By JACK EWING and MATTHEW SALTMARSH
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Greece's fiscal problems seemed to be nudging Europe toward closer integration Monday, as the European Commission endorsed a German proposal for a European monetary fund to prevent future debt crises, while officials called for new regulations to prevent speculators from exploiting countries' economic woes.
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Oil and Gasoline Prices Begin to Creep Up
Posted: March 8th, 2010, 3:06pm EST by By CLIFFORD KRAUSS
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Somewhat upbeat economic data, new tensions in Nigeria and reports that China plans to build up its reserves have lifted crude prices. Gasoline prices have followed.
Yahoo! News: Business
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Jobs outlook may be too optimistic: SF Fed study (Reuters)
Posted: March 8th, 2010, 1:02pm EST
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Reuters - The widely held outlook that U.S. unemployment will ease this year may be overly rosy if companies continue to boost productivity at faster-than-usual levels, economists from the San Francisco Federal Reserve Bank said in a study released on Monday. -
FDIC's Bair eyes low interest rates, more lending (Reuters)
Posted: March 8th, 2010, 12:02pm EST
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Reuters - U.S. banking regulator Sheila Bair said on Monday that a low interest rate policy is "clearly appropriate" to get credit flowing, while also saying regulators should stop short of ordering banks to lend. -
McDonald's key sales figure rises in February (AP)
Posted: March 8th, 2010, 11:14am EST
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AP - Strong overseas growth for McDonald's Corp. in February outweighed U.S. sales that barely nudged upward as the world's largest fast-food chain posted a 4.8 percent increase in sales at restaurants open at least a year.
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Protesters and police clash at Total headquarters (AP)
Posted: March 8th, 2010, 11:08am EST
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AP - Police using tear gas clashed with protesters Monday at the headquarters of French oil giant Total, which is permanently closing a site in northwest France. -
Portugal adds austerity measures (AP)
Posted: March 8th, 2010, 11:03am EST
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AP - Portugal announced new austerity measures Monday to avoid a debt crisis like the one engulfing Greece, cutting welfare benefits and government hiring as well as selling assets and raising taxes on the well-off.
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Toyota disputes critic who blames electronics (AP)
Posted: March 8th, 2010, 11:01am EST
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AP - Toyota, dogged by millions of recalls and claims that it still has not fixed its safety problems, took its strongest step yet Monday to silence critics who blame faulty electronics for runaway cars and trucks.
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Retail gasoline prices match 2010 high (AP)
Posted: March 8th, 2010, 10:52am EST
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AP - Motorists are well down the road to higher pump prices as warmer weather and the driving season approaches.
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Tax season bringing out the fraud artists (AP)
Posted: March 8th, 2010, 10:42am EST
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AP - How do you know that the sender of an e-mail that has landed in your inbox is trying to steal your money or your identity? The message comes right out and asks for it. -
Stocks inch higher as dealmaking boosts confidence (AP)
Posted: March 8th, 2010, 10:35am EST
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AP - A year after the stock market hit bottom and began a spectacular comeback, it's getting harder to dazzle investors.
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Greek PM urges wider efforts to rein in speculators (Reuters)
Posted: March 8th, 2010, 10:34am EST
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Reuters - Greek Prime Minister George Papandreou on Monday urged the Group of 20 to take the lead in efforts to rein in market speculators, warning that failing to do so could trigger another global financial crisis.
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German poker tournament robbers still on the run (AP)
Posted: March 8th, 2010, 10:12am EST
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AP - German police were hunting Monday for four bandits who stormed a poker tournament in Berlin and made off with euro240,000 ($328,000) in jackpot money in a brazen daylight heist.
NYT > Business
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February Sales Rose 4.8% at McDonald’s
Posted: March 8th, 2010, 10:10am EST by By THE ASSOCIATED PRESS
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The results were aided by strong overseas growth and a small rise in United States sales, including sales of its breakfast dollar menu and McCafe drinks.
Yahoo! News: Business
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AIG sells Alico unit to MetLife for $15.5 billion (AP)
Posted: March 8th, 2010, 9:57am EST
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AP - American International Group Inc. said Monday that it will sell its American Life Insurance Co. division for $15.5 billion to MetLife Inc. The government-approved deal, AIG's second big asset sale in two weeks, will give the insurer more cash to repay the billions of bailout dollars it still owes the government.
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Arrow Energy gets $3 billion takeover bid (AP)
Posted: March 8th, 2010, 9:46am EST
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AP - Arrow Energy Ltd., a major owner of natural gas assets in northern Australia, said Monday that a company jointly owned by Royal Dutch Shell and PetroChina has sent it a takeover bid worth $3.3 billion Australian dollars ($3 billion).
NYT > Business
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European Indexes Search for Inspiration
Posted: March 8th, 2010, 8:41am EST by By THE ASSOCIATED PRESS
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Investors took in a new round of corporate deals and became a bit more confident that Greece was getting a handle on its debt.
Yahoo! News: Business
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How Colleges Are Buying Respect (BusinessWeek)
Posted: March 8th, 2010, 8:08am EST
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BusinessWeek - ITT Educational Services didn't pay $20.8 million for debt-ridden Daniel Webster College in June just to acquire its red-brick campus, 1,200 students, or computer science and aviation training programs.
NYT > Business
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Portugal Readies Austerity Measures
Posted: March 8th, 2010, 7:58am EST by By REUTERS
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Portugal’s plan relies on reducing investment, capping public sector wage growth, and selling off state assets.
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Deal to Save Everglades May Help Sugar Firm
Posted: March 8th, 2010, 6:59am EST by By DON VAN NATTA Jr. and DAMIEN CAVE
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United States Sugar's Clewiston sugar cane refinery. A $1.75 billion deal to sell land and assets to Florida was reduced to 72,800 acres, in separate parcels, for $536 million.Florida’s plan to reclaim the wetlands is instead on track to rescue the fortunes of United States Sugar.
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The Female Factor: Awareness Rises, but Women Still Lag in Pay
Posted: March 8th, 2010, 4:29am EST by By NICOLA CLARK
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Women at many of the world’s top companies continue to lag behind their male peers in pay and opportunities for professional advancement, a new report says.
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Arrow Energy Gets $3 Billion Bid From PetroChina and Shell
Posted: March 8th, 2010, 4:03am EST by By CHRIS V. NICHOLSON
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The Australian company said Monday that it had received a takeover offer worth about $3 billion from a company owned by Royal Dutch Shell and PetroChina, the state-run gas and oil giant.
Yahoo! News: Business
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Volcker: higher inflation target idea "nonsense" (Reuters)
Posted: March 8th, 2010, 3:47am EST
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Reuters - The idea, floated by IMF economists, that central banks could raise their inflation targets is nonsense, White House economic adviser Paul Volcker said in a German newspaper interview published on Monday.
NYT > Business
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E.U. to Begin Press on Nuclear Standards
Posted: March 8th, 2010, 3:10am EST by By JAMES KANTER
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A push to make European safety standards for nuclear power plants binding worldwide might benefit France.
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Program Will Pay Homeowners to Sell at a Loss
Posted: March 8th, 2010, 2:50am EST by By DAVID STREITFELD
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The Obama administration will offer homeowners $1,500 to sell for less than the mortgage balance.
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The Caucus: Sure-Fire Crowd Pleaser: Reining in Wall Street
Posted: March 8th, 2010, 1:11am EST by By JOHN HARWOOD
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Public opinion has not been kind to the Democrats lately, but there may be hope for them in a finance-regulation bill.
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Link By Link: Strangers in the Net, Exchanging Glances
Posted: March 8th, 2010, 1:01am EST by By NOAM COHEN
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ChatRoulette, a nascent Internet phenomenon, is providing Web researchers with a social networking case study into the nature of online togetherness.
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Looking Ahead
Posted: March 8th, 2010, 12:51am EST
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Economic data, corporate earnings, industry announcements, government hearings and international business developments coming this week.
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Oscar Night Suspense, Then Poof! Cable’s Back
Posted: March 8th, 2010, 12:50am EST by By N. R. KLEINFIELD
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Cablevision customers in the New York area faced the prospect of Oscar night without Channel 7, the Oscar channel, because of a contract dispute.
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At the Last Minute, a Disney-Cablevision Truce
Posted: March 8th, 2010, 12:40am EST by By BRIAN STELTER and BROOKS BARNES
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The companies’ feud, most recently exemplified by a Disney move that temporarily prevented Cablevision customers from viewing the Academy Awards, promises to spread across the country to other cable providers and stations.
Yahoo! News: Business
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(AP)
Posted: March 8th, 2010, 12:32am EST
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AP - Defense Sec. Gates in Afghanistan to meet with military commanders.
NYT > Business
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Dispute Heats Up Over Proposed New Fees for Playing Songs on the Radio
Posted: March 8th, 2010, 12:30am EST by By JOSEPH PLAMBECK
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Songwriters and music publishers get royalty payments, but musicians and record companies do not. Now there is a renewed push to revisit that.
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Reuters Breakingviews: Why Does JPMorgan Trade at Book Value?
Posted: March 8th, 2010, 12:29am EST by By ANTONY CURRIE
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JPMorgan Chase shares have been stuck trading around book value, or assets less liabilities, since last summer. Put in perspective, that’s not all bad.
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Sarkozy Promises That Europe Will Help Greece
Posted: March 8th, 2010, 12:05am EST by By REUTERS
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The French president also vowed a European crackdown on financial speculators, whom Athens blames for its woes.
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At 10 Years, A Magazine Finds Time To Celebrate
Posted: March 8th, 2010, 12:02am EST by By STEPHANIE CLIFFORD
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In its 10th anniversary issue, the magazine Real Simple looks at what it most wants to save you.
washingtonpost.com - Business
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Second Life's virtual money can become real-life cash
Posted: March 8th, 2010, 12:00am EST by Michael S. Rosenwald
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Dana Moore sells rain. He sells a lot of it, for about a buck per reusable storm.
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U.S. reportedly gives billions to firms doing business with Iran
Posted: March 8th, 2010, 12:00am EST by Post
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The U.S. government, while pushing for tougher sanctions against Tehran, has given $107 billion in the past 10 years to U.S. and foreign companies doing business in Iran, much of it in the energy sector, the New York Times reported in its Sunday editions.