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submitted by Robby for team staff news 10 hours 10 minutes ago
AFP - The economy came closer to a recession on Friday after official data showed it had slowed further during the second quarter as the construction and manufacturing industries weakened.
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submitted by Robby for team staff news 13 hours 10 minutes ago
Microsoft plans to spend at least $2.5 billion a year for the foreseeable future to compete with Google because the opportunity in online advertising is too big to ignore, Microsoft chief executive Steve Ballmer said yesterday. "The amount of economic value we have the opportunity...(more)
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submitted by Robby for team staff news 6 hours 9 minutes ago
The number of homes in some stage of being repossessed more than doubled in the three months to June, a report shows.
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submitted by Robby for team staff news 11 hours 9 minutes ago
The software leader will find other ways to gain ground in online search and advertising, investors are told. Microsoft Corp. executives ruled out an acquisition of Yahoo Inc. on Thursday, even as they acknowledged that the Internet company would have provided a needed boost in online...(more)
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submitted by Robby for team staff news 16 hours 10 minutes ago
The marriage of British oil giant BP and a group of Russian-bred tycoons in a joint venture in 2003 was strained from the start. "The first risk . . . is mutual distrust," the joint venture's executive director German Khan warned his colleagues in the...(more)
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submitted by Robby for team staff news 17 hours 10 minutes ago
Earnings at the newspaper publisher and media company fell more than 40 percent in the second quarter on sharp declines in newspaper revenue.
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submitted by Robby for team staff news 4 hours 10 minutes ago
GENEVA (Reuters) - Troubled global trade talks showed signs of progress on Friday after crunch negotiations among seven key countries, ministers and officials said.
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submitted by Robby for team staff news 9 hours 10 minutes ago
A Congressional leader pledged this morning to introduce legislation that would block an eleventh-hour effort by the Labor Department to make it more difficult to limit workers' exposure to chemicals on the job. Rep. George Miller (D-Calif.), chairman of the House Education and Labor Committee,...(more)
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submitted by Robby for team staff news 11 hours 10 minutes ago
TOKYO (AP) -- Honda Motor Co. reported record profit for a fiscal first quarter Friday as sales growth in new markets offset the damage from a stronger yen and soaring material costs....
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submitted by Robby for team staff news 22 hours 10 minutes ago
NEW YORK (Reuters) - U.S. banks' direct primary credit borrowing from the Federal Reserve rose to the highest level ever in the latest week, reflecting the growing need of the banking sector to rely on the central bank for cheap funding, analysts said.
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submitted by Robby for team staff news 6 hours 10 minutes ago
WASHINGTON (Reuters) - Sales of newly constructed U.S. single-family homes were stronger than expected in June, falling 0.6 percent to a 530,000 annual pace, a government report showed on Friday, providing a glimmer of hope for the beaten-down housing market.
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submitted by Robby for team staff news 8 hours 10 minutes ago
BOSTON (Reuters) - U.S. asset manager Legg Mason Inc posted a quarterly loss on Friday as it took charges related to a bail-out of money market funds exposed to risky securities.
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