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Rabu, 11 Mei 2011

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Merkel to Back Draghi as Trichet's ECB Successor
Bloomberg
By Rainer Buergin - Wed May 11 08:56:17 GMT 2011 German Chancellor Angela Merkel agreed to back Mario Draghi as the next president of the European Central Bank, leaving the Bank of Italy governor unopposed by Europe's political leaders. ...
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Google sets aside $500 mln for US ad probe
AFP
WASHINGTON — Internet giant Google has set aside $500 million in anticipation of the results of a US government investigation into the practices of some of its advertisers. "In May 2011, in connection with a potential resolution of an investigation by ...
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AFP
At a Glance: Important Dates in Skype's History
ABC News
By AP — 2003: Skype Beta launches publicly. The company was founded by Niklas Zennstrom and Janus Friis, creators of the music downloading service Kazaa. — Oct. 14, 2005: EBay Inc. buys Skype for $2.6 billion. Two years later it pays an additional $530 ...
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Apollo Buys $509M American Idol Show Owner
Emii.com
Apollo Global Management will acquire the owner of the American Idol television show, CKX, Bloomberg reports. The New York-based private equity firm will pay $509 million in cash for the acquisition. Goldman Sachs is providing a debt financing ...
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Greeks go on strike to protest austerity measures
MarketWatch
LONDON (MarketWatch) — Public services and transport across Greece came to a stop Wednesday as labor unions mounted the second general strike of the year to protest another round of austerity measures as concerns heightened over the nation's solvency. ...
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Treasury, AIG cut plans for share sale: source
Reuters
The American International Group (AIG) building is seen in New York's financial district in this March 16, 2009 file photo. By Ben Berkowitz and Clare Baldwin NEW YORK (Reuters) - American International Group and the US Treasury scaled back plans for a ...
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Reuters
Metro Indy home prices drop 9.34% in March
Indianapolis Star
Indianapolis-area home prices in March depreciated faster than they did in the rest of the nation. A Japanese newspaper reported Tuesday that production of the Subaru Tribeca vehicle will end after... Rock band Muse will perform Aug. ...
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Carlsberg Reiterates Outlook As Growth Returns In Russia
Wall Street Journal
By Molly Neal Danish brewer Carlsberg A/S (CARL-A.KO) Wednesday said growth was returning in its important Russian and Eastern European markets, as it reiterated its full year outlook for profit growth of more than 20%. Chief Executive Joergen Buhl ...
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ArcelorMittal Quarterly Profit Rises 67% on Steel Prices, Beats Estimates
Bloomberg
By Thomas Biesheuvel - Wed May 11 08:32:44 GMT 2011 ArcelorMittal (MT), the world's biggest steelmaker, posted first-quarter profit that beat estimates and forecast higher earnings in the three months to June, before a seasonal decline in demand in the ...
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Møller-Maersk warns of short-term 'pressure'
Financial Times
By Robert Wright, Transport Correspondent Denmark's AP Møller-Maersk enjoyed continued growth in both containers shipped and rate earned per container in the first quarter – but the operator of the world's biggest container ship fleet warned rates ...
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Disney profit down 1% in 2Q
Bizjournals.com
The Walt Disney Co. reported its second-quarter profit dropped 1 percent from a year ago to $942 million, the New York Times reports. The theme park giant (NYSE: DIS) — which operates the Magic Kingdom, Epcot, Animal Kingdom and Hollywood Studios theme ...
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Middle class appetites drive China food inflation
The Associated Press
BEIJING (AP) — Hunger was such a constant companion in Yao Qizhong's childhood that even now, at age 40, he'll stoop down to salvage a single clove of garlic that falls from his table at the Beijing market where he hawks fresh produce. ...
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Teva Says US Generic-Drug Sales Tumbled for Second Consecutive Quarter
Bloomberg
By Naomi Kresge - Wed May 11 08:11:53 GMT 2011 People work at the Teva Pharmaceutical Industries Ltd. distribution center in Shoham, Israel. Photographer: Uriel Sinai/Getty Images Teva Pharmaceutical Industries Ltd. (TEVA) said generic-drug sales in ...
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Jim Rogers may short Treasuries: this afternoon
Reuters
NEW YORK (Reuters) - Influential investment veteran Jim Rogers said on Tuesday he plans to short US Treasuries as soon as this afternoon as he expects the end of quantitative easing to pressure government bonds. Rogers said he expects the US dollar to ...
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NRC Chairman Tours Indian Point, Says it's Safe
Patch.com
NRC Chairman Jaczko says Indian Point is safe and secure, Reps. Lowey and Engel raise concerns over evacuation, fuel rods, and seismic risk. By Liz Giegerich | Email the author | May 10, 2011 Following his tour of the Indian Point Energy Center in ...
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CEO at Boston Scientific to Retire in Surprise Exit
Wall Street Journal
By JON KAMP Boston Scientific Corp.'s President and Chief Executive Ray Elliott said he plans to retire at year's end, a surprise exit that comes as the company restructures to lower costs and overhaul its medical-devices portfolio in search of growth. ...
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Wendy's/Arby's plans menu price increases
The Detroit News
Wendy's/Arby's Group Inc. plans "prudent" increases in menu prices, following competitors like McDonald's Corp ., and cut its earnings outlook because of rising costs for beef and other ingredients. The announcement Tuesday came as the company reported ...
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Consumer Reports: Southwest #1, Delta #8
Bizjournals.com
A new Consumer Reports survey that takes a look at consumers' opinions regarding the level of customer service provided by airlines ranks Southwest at the top position and Atlanta-based Delta Air Lines, Inc. (NYSE: DAL) at #8. ...
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Banks Said to Offer $5 Billion to Resolve Probe of Foreclosures
BusinessWeek
By David McLaughlin and Dakin Campbell May 11 (Bloomberg) -- Bank of America Corp. and JPMorgan Chase & Co., along with three other US mortgage servicers, proposed paying $5 billion to settle a probe of their foreclosure practices by state and federal ...
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Gates: Clean Energy Won't Be Focus of Foundation
ABC News
By PHUONG LE AP Microsoft co-founder Bill Gates said Tuesday he's personally involved in clean energy innovation, but it won't be a focus of the Bill & Melinda Gates Foundation since it's better suited to a capitalistic venture. ...
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ABC News
CBL on the Hunt for Mall Deals
Wall Street Journal
Mall owner CBL & Associates Properties Inc. plans to prowl for new deals with institutional investor TIAA-CREF under a new $1.1 billion joint venture that the two unveiled Tuesday. "They want to grow their presence in the mall business, ...
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Activist group creates hoax Peabody website
KMOV.com
ST. LOUIS (KMOV) -- An activist group called 'Coal is Killing Kids' has poked fun at the St. Louis-based Peabody Energy. Members from the group launched a fake website that appears to be sponsored by Peabody called "Coal Cares. ...
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Prices of Imported Goods Increase as the Dollar Declines
New York Times
By BLOOMBERG NEWS Prices of goods imported into the United States rose 2.2 percent in April, more than forecast, as a slumping dollar and growing economies overseas pushed up the cost of fuel and food. The increase in the import-price index came after ...
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Xerox focuses more spending on business services
Rochester Democrat and Chronicle
NEW YORK — For shareholders, Xerox Corp. is promising a brighter future of higher sales and bigger profits. That future will be due in large part to Xerox morphing from a printing and imaging company to one that revolves primarily around business ...
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Macau – gaming capital of the world
The Guardian
Its casino industry dwarfs Las Vegas, thanks to millions of Chinese gamblers. But will its luck hold? The Grand Lisboa casino is a monument to Macau's new prosperity. Photograph: Dan Chung for the Guardian Slide open the drawer beside your hotel bed ...
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The Guardian
Dallas-based Dean Foods' stock soars as profit tops estimates
Dallas Morning News
By KAREN ROBINSON-JACOBS Shares of Dean Foods Co. soared Tuesday, gaining 11.5 percent as the nation's largest dairy producer reported a drop in profit that still beat analysts' estimates. The Dallas-based dairy giant posted a 52-week high of $12.70 a ...
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Regulators probe Goldman analyst communications
Reuters
By Lauren Tara LaCapra NEW YORK, May 10 (Reuters) - Massachusetts securities regulators may charge Goldman Sachs Group Inc (GS.N) with improperly passing along analysts' tips to top clients. The Massachusetts Securities Division is weighing ...
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Pew Center on the States finds Maryland a leader in measuring transportation data
Washington Post
By AP, ANNAPOLIS, Md. — A new report says Maryland is a leader in providing tools to help policymakers prioritize transportation spending. The Pew Center on the States and the Rockefeller Foundation released the report Wednesday. ...
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Helen of Troy profit up 46% despite cost drag
El Paso Times
by Vic Kolenc \ El Paso Times Helen of Troy's fourth-quarter and full fiscal-year sales increased substantially in a difficult retail sales environment, boosted in part by its recent acquisition of a Massachusetts company that makes health-related ...
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