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| Euro zone debt problems pull European shares lower Reuters By Joanne Frearson LONDON, May 17 (Reuters) - European shares edged lower on Tuesday, weighed on by persistent peripheral euro zone debt concerns with OMV (OMVV.VI) among the top fallers after a refinancing plan. The pan-European FTSEurofirst 300 . ... See all stories on this topic » | ||
| Dish's Ergen Eyes More Deals in Step Back From Day-to-Day Role Bloomberg By Alex Sherman - Tue May 17 04:01:00 GMT 2011 Dish Network Corp. (DISH), the second- largest US satellite-television provider, may continue its acquisition spree as Chairman Charles Ergen turns over duties as chief executive officer and president to ... See all stories on this topic » | ||
| Airfares take off as industry passes on higher fuel costs The Tennessean Passengers on Southwest and other airlines will be facing airfare increases this year. The average price of a ticket on a US airline, including baggage and other fees, was 14 percent higher in March than a year ago. / Amy Sancetta / File / Associated ... See all stories on this topic » | ||
| German Investor Confidence Drops More Than Forecast on Prices, Debt Crisis Bloomberg By Gabi Thesing - Tue May 17 09:12:37 GMT 2011 German investor confidence declined for a third month in May as faster inflation threatened to curb consumer spending and Europe's sovereign debt crisis worsened. The ZEW Center for European Economic ... See all stories on this topic » | ||
| Wall Street stock index futures point to gains Reuters * US stock index futures pointed to a higher open for Wall Street on Tuesday, in a modest rebound from falls in the previous session. * By 0838 GMT, futures for the S&P 500 SPc1, Dow Jones futures DJc1 and Nasdaq futures NDc1 were up 0.1 to 0.3 percent ... See all stories on this topic » | ||
| Rowan Slips After $1.1 Billion Sale of Manufacturing Unit Bloomberg By David Wethe - Mon May 16 20:14:41 GMT 2011 Rowan Cos. fell 8 cents after reporting that it will sell LeTourneau Technologies Inc., the manufacturing arm it's been looking to divest for three years, to Joy Global Inc. (JOYG) for $1.1 billion in cash. ... See all stories on this topic » | ||
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| Gas prices update NH prices level; Maine up slightly Foster's Daily Democrat Average retail gasoline prices in New Hampshire have not moved in the past week, averaging $3.92 per gallon Sunday. This compares with the national average that has increased 0.3 cents per gallon in the last week to $3.93 per gallon, according to ... See all stories on this topic » | ||
| Customer satisfaction with AT&T, T-Mobile drops CBS News (AP) NEW YORK (AP) — A survey on customer satisfaction finds that Sprint Nextel Corp. now has the happiest subscribers, along with long-time leader Verizon Wireless. Sprint was once dead last in customer satisfaction among the Big 4 national wireless ... See all stories on this topic » | ||
| Tencent Buys ELong Stake to Expand in Travel, Follows Google Bloomberg By Mark Lee and Pavel Alpeyev - Tue May 17 02:57:26 GMT 2011 May 12 (Bloomberg) -- Dick Wei, an equity analyst at JPMorgan Chase & Co., speaks about China's Internet companies. Tencent Holdings Ltd., China's biggest Internet company by revenue, ... See all stories on this topic » | ||
| Google expects $2.97b in bond sale Boston Globe AP / May 17, 2011 MOUNTAIN VIEW, Calif. — Google Inc. added to its cash hoard yesterday by issuing $3 billion in corporate debt at low interest rates. It's the first time Google has tapped the corporate bond market for money. After paying its expenses, ... See all stories on this topic » | ||
| Fed Backs Funds for Research Wall Street Journal By LUCA DI LEO WASHINGTON—Federal Reserve Chairman Ben Bernanke made the case for public research funding, saying government spending on research and development can help boost economic growth. "The primary economic rationale for a government role in ... See all stories on this topic » | ||
| China Trims US Bond Holdings for Fifth Month as Debt Approaches Ceiling Bloomberg By Bloomberg News - Tue May 17 02:37:58 GMT 2011 Former People's Bank Of China adviser Yu Yongding said last month that China should stop buying Treasuries because of the risk that the US may eventually default. Photographer: Nelson Ching/Bloomberg ... See all stories on this topic » | ||
| Business news in brief | Philadelphia Inquirer | 2011-05-17 Philadelphia Inquirer Urban Outfitters Inc. said Monday its profit fell to $39 million in the quarter ended April 30 from $53 million in the year-before period. The decline for the Philadelphia specialty retailer came even as it posted a sales increase to $524 million from ... See all stories on this topic » | ||
| Amylin sues Lilly over its Boehringer alliance Indianapolis Star AP Amylin Pharmaceuticals Inc. said Monday it filed a lawsuit against Eli Lilly and Co., accusing the larger drug maker of breaking their commercialization deal for diabetes drugs by teaming with the German company Boehringer Ingelheim to develop and ... See all stories on this topic » | ||
| Orthovita, Teva in separate merger deals | Philadelphia Inquirer | 2011-05-17 Philadelphia Inquirer By David Sell Two local companies on Monday surged in the vortex of mergers in the pharmaceutical and medical-device industry - mergers being prompted in part by the worldwide discussion of health-care costs. Medical-device manufacturer Orthovita Inc., ... See all stories on this topic » | ||
| Iron Mountain heeds critics, sells off digital assets Boston Globe By Hiawatha Bray Iron Mountain Corp., the Boston document storage company, is making good on a promise to investors, selling a major portion of its digital data storage business to Autonomy Corp. for $380 million in cash. "This transaction is another ... See all stories on this topic » | ||
| Mass. investigating top for-profit college Boston Globe By Todd Wallack The state's growing investigation into the for-profit college industry now includes the country's biggest player, the University of Phoenix. The chain's parent corporation, Apollo Group , which is based in Phoenix, yesterday said it has ... See all stories on this topic » | ||
| PG&E under-spent on pipeline replacement program San Francisco Chronicle Brendan Hoffman / AP (05-16) 17:29 PDT SAN BRUNO -- Pacific Gas and Electric Co. under-spent its state-authorized budget for replacing aging natural gas pipelines by $183 million from 1987 to 1999, and the California Public Utilities Commission doesn't ... See all stories on this topic » | ||
| Rajaratnam's voice to be heard at next insider trial Reuters By Grant McCool NEW YORK (Reuters) - Convicted hedge fund tycoon Raj Rajaratnam is no longer on trial, but his voice is going to be heard again in court on at least one phone tap in the trial of his former employee, Zvi Goffer, potential jurors were ... See all stories on this topic » | ||
| Pound Extends Gain Versus Dollar, Euro as Inflation Reaches 4.5 Percent Bloomberg By Matthew Brown - Tue May 17 08:36:01 GMT 2011 The pound extended its gain versus the euro and the dollar after a report showed UK inflation jumped more than predicted in April. Sterling climbed 0.7 percent to $1.6299 and 86.86 pence per euro as of ... See all stories on this topic » | ||
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| Chart: The Grim State of Home Building The Atlantic Daniel Indiviglio - Daniel Indiviglio is an associate editor at The Atlantic, where he writes about credit markets, regulation, monetary & fiscal policy, taxes, banking, trade, emerging markets and technology. Prior to joining The Atlantic, ... See all stories on this topic » | ||
| Toyota loses bid to dismiss suits Detroit Free Press Toyota lost a bid to dismiss lawsuits by car owners alleging economic loss related to unintended acceleration when a federal judge overseeing the suits made final an order allowing the claims to go forward. The Toyota owners contend the company drove ... See all stories on this topic » | ||
| Borrowers to feel more rate pain this year Sydney Morning Herald Borrowers should expect a rate rise by August as the central bank acts to control upward pressures on prices. As the Reserve Bank of Australia (RBA) leans towards tightening monetary policy, Treasury Secretary Martin Parkinson has pointed to a ... See all stories on this topic » | ||
| SanDisk To Acquire Pliant Tech For About $327M Wall Street Journal By Shara Tibken Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--SanDisk Corp. (SNDK) agreed to acquire solid-state drive company Pliant Technology Inc. for about $327 million plus incentives, giving the flash-memory maker a foothold in the enterprise ... See all stories on this topic » | ||
| Lowe's Profit Misses Estimates as Homeowners Cut Spending Bloomberg By Chris Burritt - Mon May 16 20:15:12 GMT 2011 A Lowe's employee collects shopping carts outside a Lowe's store. Photographer: Jim R. Bounds/Bloomberg Lowe's Cos., the second-largest US home improvement retailer, reported first-quarter profit that ... See all stories on this topic » | ||
| California home sales and prices fell in April Los Angeles Times A weak home shopping season leaves sales in California down 6.1% and the median price down 2.4% from April 2010. By Alejandro Lazo, Los Angeles Times California housing sales and prices dipped in April as a weak spring home shopping season took hold in ... See all stories on this topic » |
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