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Aggregated news from around the world

 
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Yahoo!: Mortgage rates remain below 5 percent (AP)
AP - Mortgage rates held below the 5 percent threshold for the second straight week, a report said Thursday, weeks before a government program that has been keeping rates low is scheduled to expire.
Yahoo!: Sarkozy, Merkel propose clampdown on speculators (AP)
AP - French President Nicolas Sarkozy and German Chancellor Angela Merkel called Thursday for a clampdown on the type of speculative trading that exacerbated Greeces debt crisis and undermined the euro in recent weeks.
Yahoo!: Imax posts 4Q profit, reversing loss (AP)
AP - Giant-screen movie technology company Imax Corp. posted a fourth-quarter profit Thursday, reversing a year-ago loss on a sharp jump in its movie theater equipment sales and rentals.
Yahoo!: Police clash with protesters as Greeks fight cuts (Reuters)
Reuters - Police clashed with stone-throwing youths in Athens on Thursday as tens of thousands protested draconian cutbacks aimed at pulling Greece out of a debt crisis shaking the euro zone.
Reuters: Jobless claims fall, trade gap narrows
WASHINGTON (Reuters) - The number of U.S. workers filing new applications for unemployment benefits fell slightly less than expected last week, hinting at a slow labor market recovery.
Reuters: Exxon Mobil boosts 2010 spending 4 percent
NEW YORK (Reuters) - Exxon Mobil Corp will increase its capital spending nearly 4 percent this year to $28 billion as it evaluates new fields around the world, but it cautioned that the global economy remained unsteady.
Reuters: Sen. Dodd to unveil financial reform bill Monday
WASHINGTON (Reuters) - Senator Christopher Dodd, the chief negotiator for the Democrats on financial regulation reform in the U.S. Senate, said on Thursday he will unveil a reform bill on Monday, after talks with Republicans broke down.
Reuters: CFTC head scolds Wall Street for resisting reforms
BOCA RATON, Florida (Reuters) - The head of the top U.S. futures regulator chided Wall Street on Thursday for resisting calls to make over-the-counter derivatives markets more transparent, arguing major reforms are required after the recent financial crisis.
Reuters: Simon CEO: General Growth rival plan is uncertain
NEW YORK (Reuters) - The chief executive of Simon Property Group Inc on Thursday said a plan by management of General Growth Properties Inc to emerge from bankruptcy lacks certainty despite new financial backing.
Reuters: EADS to cut bonuses, not jobs after A400M: exec
HELSINKI (Reuters) - Top executives at aerospace group EADS will see their bonuses hit after the cost debacle surrounding the delayed A400M military transport aircraft, but staff will mostly be spared, its top personnel executive said on Thursday.
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Reuters: Business News

Reuters: Business News
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·Nasdaq turns positive
NEW YORK (Reuters) - The Nasdaq turned positive and the Dow and S&P 500 pared losses on Thursday as big-cap technology shares rose, offsetting worries about money tightening in China.
·Jobless claims fall, trade gap narrows
WASHINGTON (Reuters) - The number of U.S. workers filing new applications for unemployment benefits fell slightly less than expected last week, hinting at a slow labor market recovery.
·BP to pay Devon $7 billion for oil fields
LONDON (Reuters) - London-based oil major BP has agreed to buy Brazilian, Azeri and Gulf of Mexico assets from Devon Energy for $7 billion, as the U.S. producer refocuses on onshore U.S. fields.
·Exxon Mobil boosts 2010 spending 4 percent
NEW YORK (Reuters) - Exxon Mobil Corp will increase its capital spending nearly 4 percent this year to $28 billion as it evaluates new fields around the world, but it cautioned that the global economy remained unsteady.
·Sen. Dodd to unveil financial reform bill Monday
WASHINGTON (Reuters) - Senator Christopher Dodd, the chief negotiator for the Democrats on financial regulation reform in the U.S. Senate, said on Thursday he will unveil a reform bill on Monday, after talks with Republicans broke down.
·CFTC head scolds Wall Street for resisting reforms
BOCA RATON, Florida (Reuters) - The head of the top U.S. futures regulator chided Wall Street on Thursday for resisting calls to make over-the-counter derivatives markets more transparent, arguing major reforms are required after the recent financial crisis.
·HSBC says Swiss data theft affects 24,000 accounts
LONDON/GENEVA (Reuters) - HSBC , Europe's biggest bank, said a theft of data by a former employee affected up to 24,000 Swiss client accounts, dealing a hefty blow to the reputation of its private bank.
·Simon CEO: General Growth rival plan is uncertain
NEW YORK (Reuters) - The chief executive of Simon Property Group Inc on Thursday said a plan by management of General Growth Properties Inc to emerge from bankruptcy lacks certainty despite new financial backing.
·EADS to cut bonuses, not jobs after A400M: exec
HELSINKI (Reuters) - Top executives at aerospace group EADS will see their bonuses hit after the cost debacle surrounding the delayed A400M military transport aircraft, but staff will mostly be spared, its top personnel executive said on Thursday.
·EU defends hedge fund rules against U.S. critics
BRUSSELS (Reuters) - The European Union hit back Thursday against U.S. criticism of plans to crack down on hedge funds, saying its push for openness in the industry met a commitment also given by Washington and others.

BBC News | Business | World Edition

Updated every minute of every day.
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·Mexican shakes up world rich list
Mexican Carlos Slim overtakes Bill Gates as the world's richest man, according to the Forbes "rich list", with a fortune of $53.5bn.
·HSBC admits huge Swiss data theft
About 24,000 clients of HSBC's private banking operation in Switzerland had personal details stolen, the bank admits.
·World airline sector 'recovering'
The global airline industry will recover strongly this year, as passenger and freight numbers improve, its trade body says.
·US trade deficit in surprise fall
The US trade deficit narrowed unexpectedly in January as fewer foreign cars and less crude oil were imported.
·BP to explore for oil in Brazil
Oil giant BP announces a $7bn (£4.7bn) deal that will allow it to begin exploring for oil off the coast of Brazil.
·China inflation at 16-month high
Chinese inflation hit a 16-month high in February, leading to calls for the government to take measures to cool the economy.
·VW and BMW report lower profits
German carmakers Volkswagen and BMW report falling profits after the global downturn hit demand for cars.
·Union considering BA strike dates
Union leaders representing British Airways cabin crew are meeting to decide whether to announce dates for a strike.
·Japan's economic growth rate cut
Japan's economy grew by less than first estimated in the final quarter of 2009, revised government figures show.
·Feathers fly: Bank of America sorry for confiscating parrot
Bank of America has apologised to a woman in Pennsylvania after one of its contractors entered her house and confiscated her parrot.

Times Online - Business and Markets News

Times Online - Business and Markets News
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Business Times Online - Top Stories

The Business Times Online Edition - Singapore
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Yahoo! News: Business

Yahoo! News: Business
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·Trade deficit shrinks as auto and oil imports drop (AP)
AP - The U.S. trade deficit unexpectedly shrank in January, reflecting a big drop in imports of oil and foreign cars. American exports also fell, a potential blow to hopes that the economic recovery will be aided this year by U.S. salesabroad.
·Stocks trade flat on concern about China inflation (AP)
AP - Stocks traded in a tight range for a fourth day Thursday after China reported a sharp jump in inflation. Mixed U.S. economic news also held the market back.
·Mortgage rates remain below 5 percent (AP)
AP - Mortgage rates held below the 5 percent threshold for the second straight week, a report said Thursday, weeks before a government program that has been keeping rates low is scheduled to expire.
·Chinas February inflation accelerates (AP)
AP - Chinas inflation rose in February amid galloping growth and demand for scarce labor, increasing pressure on Beijing to ease off its stimulus while keeping a recovery going in the worlds third-largest economy.
·Senate passes $149 billion for jobless aid (Reuters)
Reuters - The Senate on Wednesday passed a $149 billion package of jobless aid and tax breaks, as Democrats continued efforts to lower the 9.7 percent unemployment rate before congressional elections in November.
·Sarkozy, Merkel propose clampdown on speculators (AP)
AP - French President Nicolas Sarkozy and German Chancellor Angela Merkel called Thursday for a clampdown on the type of speculative trading that exacerbated Greeces debt crisis and undermined the euro in recent weeks.
·SEC chief economist leaving (AP)
AP - The chief economist of the Securities and Exchange Commission, who is an expert on the financial instruments that figured largely in the 2008 crisis, is leaving his position for the private sector.
·Imax posts 4Q profit, reversing loss (AP)
AP - Giant-screen movie technology company Imax Corp. posted a fourth-quarter profit Thursday, reversing a year-ago loss on a sharp jump in its movie theater equipment sales and rentals.
AP - Senate Banking Chairman Christopher Dodd to offer his own financial regs bill without GOP.
·Imax posts 4Q profit, reversing loss (AP)
AP - Giant-screen movie technology company Imax Corp. posted a fourth-quarter profit Thursday, reversing a year-ago loss on a sharp jump in its movie theater equipment sales and rentals.
·Police clash with protesters as Greeks fight cuts (Reuters)
Reuters - Police clashed with stone-throwing youths in Athens on Thursday as tens of thousands protested draconian cutbacks aimed at pulling Greece out of a debt crisis shaking the euro zone.

Forbes.com Business News

Business news and reports from Forbes.com
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·Capital Controls Expand
Theuse of capital controls can help diminish financial market volatility.
·Next For China's Beverage King
Increasingly well-off Chinese consumers are looking for healthier drinks and China's richest man, Zong Qinghou, wants to provide them.
·Gymboree rides higher on profits
After Hours: Men's Wearhouse tumbles as it swings to a loss.
·Ronald Lauder's Billion-Dollar Collection
Billionaire on his passion for art and why he spent $135 million on one Klimt painting.
·Harvard Billionaires
The Ivy League university produces the most billionaires.
·Hollywood Billionaire's Passion For Art
Arnon Milchan gives Forbes a rare glimpse inside his multi-million dollar collection.
·Billionaire Boy Scout
Stephen Bechtel, Jr.'s says his Eagle Scout skills prepared him for success in business and life.
·Meet The Billionaire Of Fun
Pharma tycoon Stewart Rahr on balancing business with pleasure.
·Billionaires You've Never Heard Of
These low-key tycoons have built brands like Nintendo and Garmin.
·Spending Buffett's Money
Warren Buffett talks to Forbes about giving away billions to charity.

Al Jazeera - Business

Al Jazeera - English.
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Scotsman.com Business

Business news, comment and analysis from Scotland.
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·Fears for Standard Life jobs amid plans for £100m cuts
STANDARD Life has raised the spectre of job cuts after laying out plans to strip £100 million in costs from the business over the next two years.
·Second Alliance buy-back as DC Thomson sells some of its stake
ALLIANCE Trust has spent £19.7 million on its own shares after publisher DC Thomson put part of its stake in the firm up for sale.
·Myners warns of 'hypochondria' in EU over rules on financial risk
CITY minister Lord Myners warned yesterday against "regulatory hypochondria" from Brussels that might demonise private equity and hedge funds.
·Regenersis' TRS acquisition helps revenues to rise by 16%
A RISING demand for repairs to mobile phones and other electronic gadgets in Scotland is driving strong sales growth at Regenersis, the Aim-listed firm said yesterday.
·China makes mockery of UK's woes as exporting grows by 46 per cent
IN STARK contrast to the economic woes on our doorstep, figures yesterday showed exports from China had grown by almost 46 per cent last month, writes Scott Reid.
·Blow for UK recovery hopes as industrial output drops sharply
GORDON Brown's attempt to persuade voters yesterday that the government is steering a successful path to recovery was immediately thrown into doubt by official figures sho
·Charles Allen takes control of in-debt EMI
BELEAGURED music company EMI has given chairman Charles Allen executive control of the business in the wake of the pending departure of Elio Leoni-Sceti, chief executive of EM
·Pensions tax relief plans 'dangerous' warns lobby group chief
THE government's imminent reform of pensions tax relief has been branded "ridiculous" and "dangerous" by the industry's biggest lobby group.
·Accountant at KPMG to join board at RBS
ROYAL Bank of Scotland yesterday announced a further boardroom reshuffle with the appointment of Brendan Nelson, a high-ranking accountant from KPMG, as a non-executive direct
·Struggling hotels forced to cut prices
SCOTLAND'S hotel sector started the year with the weakest performance of anywhere throughout the UK, reversing a relatively solid period during 2009.

The Independent: Business: News

Articles from the Indepentent.
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BusinessWeek Online - Top News

Daily Business, Technology, Investing News Headlines.
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·Bull Market Believers
Three money managers who called the turn in March 2009 see big gains ahead; a fourth dissents
·Small Investors Remain Wary After 69% U.S. Stock Bounce
Individual investors have largely stayed on the sidelines of the current rally. What will lure them back?
·Madoff, Stanford Victims Unite
Victims of Bernie Madoff and accused Ponzi schemer Allen Stanford are banding together to lobby for Senate help in recovering some of their money
·Software Industry Loses Patience with China
The Business Software Alliance complains to Washington about Beijing's policies
·Google Opens App Store to Attract Developers
Google Inc., owner of the most popular Internet search engine, opened an online store that helps developers of business software sell their own programs.
·Did J&J Plan to Break Rules?
Its aggressive marketing campaign for Risperdal has caused an explosion of litigation
·BP Pays $7 Billion for Devon Assets in Brazil, Gulf (Update3)
BP Plc will pay Devon Energy Corp. $7 billion for assets in Brazil, the Gulf of Mexico and Azerbaijan, adding fields that may extend its production lead over Exxon Mobil Corp.
·China Inflation Quickens as Industrial Output Climbs (Update1)
China’s inflation reached a 16- month high, industrial output climbed and new loans exceeded forecasts, adding to the case for the government to pare back stimulus measures.
·Family DNA Maps May Speed Disease-Gene Discoveries, Doctors Say
Fewer genetic mutations are inherited than scientists previously thought, according to two family-based studies that promise to speed the discovery of so- called disease genes.
·Pulp Price Surges on Chilean Quake, Finnish Strike (Update1)
Chile’s earthquake and a Finnish port strike may propel pulp prices to a record, hastening a tightening of inventories after papermakers cut output.

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