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As Gold Climbs, So Do the Deals
Gold prices are edging up toward a high, at $1,249.20 an ounce, triggering multibillion-dollar deals by miners doubling down on the staying power of bullion's nearly decadelong rally.
Fri, 03 Sep 2010 19:11:06 EDT |
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U.S. Private Sector Adds 67,000 Jobs
The U.S. economy lost 54,000 jobs in August as census workers continued to exit payrolls, but the private sector added 67,000 jobs. The unemployment rate rose to 9.6%.
Fri, 03 Sep 2010 16:17:55 EDT |
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Stocks Snap 3-Week Skid
The Dow Jones Industrial Average finished up 127.83 points, or 1.24%, to 10447.93, putting the Dow up 2.9% on the week—its first positive weekly showing since the beginning of August.
Fri, 03 Sep 2010 18:53:46 EDT |
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Goldman to Shut Principal Strategies Unit
Goldman Sachs has decided to close its principal-strategies unit, which does its proprietary trading, in the wake of financial-overhaul regulation passed by Congress.
Fri, 03 Sep 2010 17:25:47 EDT |
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Texas Probes Google's Search Engine
Google said the Texas attorney general's office is conducting an antitrust review of the Web giant's core search-engine business, another sign of growing government scrutiny of the company.
Fri, 03 Sep 2010 19:18:49 EDT |
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Cuomo Looks at Schools' Role in Student Credit Cards
New York State Attorney General Andrew Cuomo announced a statewide investigation of credit-card companies marketing to college students through schools.
Fri, 03 Sep 2010 17:43:14 EDT |
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Enron's Skilling Denied Bail
A federal appellate court judge turned down former Enron President Jeffrey Skilling's request for bail pending the continuing judicial review of his 2006 conspiracy and fraud conviction.
Fri, 03 Sep 2010 18:57:06 EDT |
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Goldcorp to Buy Andean
Canadian miner Goldcorp said it had reached a deal to buy Andean Resources in a deal that values the gold company at around $3.42 billion.
Fri, 03 Sep 2010 15:12:00 EDT |
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T-Mobile USA in Talks to Carry Huawei Phone
T-Mobile USA is in talks to distribute Huawei Technologies's new Google-powered smartphone this holiday season. The Ideos phone could be priced under $100 in the U.S.
Fri, 03 Sep 2010 17:34:57 EDT |
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U.K. Fund Manager Pressured to Return Cash
UBS and other investors go to court to try to force U.K. fund manager Reade Griffith to speed up the return of their money.
Fri, 03 Sep 2010 16:57:33 EDT |
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UPS Cargo Plane Crashes Near Dubai
A UPS cargo plane crashed Friday evening after takeoff near Dubai, killing two pilots in the package delivery giant's first fatal aircraft accident.
Fri, 03 Sep 2010 18:55:46 EDT |
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IEA Sees OPEC Sway Growing
The global dependency on the members of the Organization of Petroleum Exporting Countries for oil will rise as production by non-OPEC nations falls.
Fri, 03 Sep 2010 14:32:31 EDT |
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BP Provides Lessons Learned From Spill
BP disclosed various lessons and capabilities built from trouble-shooting the big oil spill in the U.S. Gulf of Mexico.
Fri, 03 Sep 2010 12:42:58 EDT |
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Toshiba to Launch New Tablet
Toshiba said that it will release by year-end a tablet computer that runs on Google's Android operating system as the company aims to compete with Apple's iPad.
Fri, 03 Sep 2010 14:12:39 EDT |
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BP Spill Costs Reach $8 Billion
BP said it has spent around $8 billion in response to the massive oil spill in the Gulf of Mexico and expects to resume its relief-well drilling shortly.
Fri, 03 Sep 2010 11:12:13 EDT |
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Pechter Bids for Value Line Funds
Richard Pechter, a director of Finra and NYSE's regulatory arm, said this week that he made an offer for Value Line's troubled mutual-fund business.
Fri, 03 Sep 2010 14:01:51 EDT |
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Campbell's Soup Sales Slip
Campbell Soup quarterly profit rose 64% as the company cut costs, but its soup sales continued to decline despite efforts to attract consumers with more promotions.
Fri, 03 Sep 2010 17:04:06 EDT |
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Petrobras Seeks $65 Billion From Sale
Brazil's state-run energy company Petrobras launched the world's largest-ever sale of shares to finance a $224 billion, five-year investment program.
Fri, 03 Sep 2010 17:10:26 EDT |
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Officials Move to Tame Asian Currencies
Singapore intervened in the foreign-exchange market and Korea resumed its intervention after a two-week break, while Japan has signaled it is weighing entering the market for the first time in six years.
Fri, 03 Sep 2010 08:27:22 EDT |
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Roche Launches Cost-Cutting Plan
Faced with austerity programs and health-care reforms around the world, Roche launched a cost-cutting plan that may include job reductions and a revamp of its research-and-development business
Fri, 03 Sep 2010 19:21:19 EDT |
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TPG Sells Ping An Stake for $1.16 Billion
TPG sold its remaining stake in Ping An Insurance for $1.16 billion in the latest example of how the U.S. company is reaping profits from its investments in Asia.
Fri, 03 Sep 2010 04:10:50 EDT |
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