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Selasa, 24 Mei 2011

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GLOBAL MARKETS: European Stocks Open Up But May Turn Later
Wall Street Journal
By Toby Anderson Of DOW JONES NEWSWIRES LONDON (Dow Jones)--European stocks traded higher Tuesday, helped by healthy sentiment in the German business community. However, these moderate gains have been tempered by continuing debt concerns and the ...
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Commodities Gain as Goldman Advises Buying
Bloomberg
By Stephen Kirkland - Tue May 24 09:23:13 GMT 2011 Goldman Sachs suggested buying oil, copper and zinc, reversing last month's call to sell commodities, while Morgan Stanley raised its forecast for Brent crude by 20 percent. ...
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Glencore stuck below offer price on day one
Reuters
By Clara Ferreira-Marques LONDON, May 24 (Reuters) - Commodities trader Glencore's (GLEN.L) shares were stuck under water on their first day of official trade, dashing hopes of a strong start after it set a mid-range flotation price for London's ...
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Which college major pays the most?
Central Florida News 13
High school seniors -- pay attention. If you want to know which college majors pay the most over a lifetime, you might want to think about petroleum engineering. Georgetown University looked at the earnings of 171 college majors and found that over a ...
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Central Florida News 13
Toyota Advisers Fault Lack of Local Control, Safety Chief for Auto Recalls
Bloomberg
By Alan Ohnsman - Tue May 24 06:25:39 GMT 2011 Toyota Motor Corp. Yaris automobiles sit awaiting shipping at the company's factory in Burnaston, UK An advisory panel faulted the company's centralized structure, skepticism of external critics and lack ...
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Stimulus contractors owe millions in back taxes
CNN
WASHINGTON (CNNMoney) -- Thousands of contractors who got stimulus money to do such things as build roads and provide social services owe more than $750 million in back taxes, a federal investigation has found. More than $24 billion in stimulus money ...
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German May business morale unchanged, beats forecasts
Reuters
By Annika Breidthardt BERLIN, May 24 (Reuters) - German business sentiment held steady in May against expectations for a third consecutive monthly fall, signalling Europe's top economy may retain its strong momentum longer than thought before growth ...
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Moody's Says UK Banks Face Ratings Cuts
Wall Street Journal
By MARGOT PATRICK LONDON—Part state-owned UK banks Royal Bank of Scotland Group PLC and Lloyds Banking Group PLC face ratings cuts as their chances of further state support recede, Moody's Investors Service said Tuesday, in its latest effort to ...
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Campbell's U.S. soup sales again fall | Philadelphia Inquirer | 2011-05-24
Philadelphia Inquirer
By Harold Brubaker For the fourth consecutive quarter, Campbell Soup Co. on Monday said sales in its core US soup business declined compared with the prior-year period. Overall, the Camden company Monday reported nearly flat sales, at $1.8 billion, ...
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Iowa corn nearly all planted, soybeans 78% in; US behind
DesMoinesRegister.com
A home is protected by a levee among flooded fields near Yazoo City, Miss. This homeowner has added plastic sheeting to his levee in the last few days in an effort to keep the Yazoo River away. / ASSOCIATED PRESS A farmer drives through a flooded ...
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California attorney general announces creation of mortgage fraud strike force
Los Angeles Times
Los Angeles Mayor Antonio Villaraigosa says combating mortgage fraud is especially important to the city's vast Spanish-speaking community, who have often been victims. By Alejandro Lazo, Los Angeles Times Rene Rafael Lopez paid more than $35000 to a ...
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Dealerships prove Chrysler, Fiat partnership works, CEO says
Detroit Free Press
Chrysler and Fiat CEO Sergio Marchionne chuckles during the grand opening of Fiat of Lakeside on Monday in Sterling Heights. Marchionne cited the grand opening as proof that the partnership of Chrysler and Fiat is thriving. ...
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AIG's $9 Billion Offering to Price Tuesday
TheStreet.com (blog)
By Joseph Woelfel 05/24/11 - 04:40 AM EDT NEW YORK (TheStreet) -- American International Group's(AIG) $9 billion stock offering is expected to price late Tuesday, according to reports. The giant insurance company said earlier this month it planned to ...
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US HOT STOCKS: Krispy Kreme, H&R Block, Ryanair, Campbell Soup
Wall Street Journal
US stocks traded lower Monday as the Dow Jones Industrial Average fell 1.2% to 12366, the Standard & Poor's 500 shed 1.2% to 1317 and the Nasdaq Composite lost 1.6% to 2757. Among the companies whose shares are actively trading in the session are ...
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Fed Watches Inflation Expectations
Emii.com
The central bank of the US could use inflation expectations as a gauge for the tightening for fiscal policy as inflationary pressures begin to increase, according to Bloomberg. The Federal Reserve has seen expectations for annual consumer-price ...
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Slumping China Stocks May Extend Declines, ICBC Credit Suisse, Goldman Say
Bloomberg
By Bloomberg News - Tue May 24 04:43:59 GMT 2011 Investors monitor and trade stocks at a securities exchange in Shanghai. Photographer: Qilai Shen/Bloomberg May 24 (Bloomberg) -- Shane Oliver, head of investment strategy at AMP Capital Investors Ltd. ...
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Bank of America pays $410mn to settle overdraft dispute
AFP
WASHINGTON — Bank of America has entered into a preliminary agreement to pay $410 million to clients who accused it of excessive overdraft fees, according to court documents. The documents released Monday by a US district court in southern Florida said ...
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AFP
Macy's plans to open 2 new stores
Forbes
AP , 05.23.11, 05:45 PM EDT One will open in Gurnee Mills in Gurnee, Ill., in spring 2013, after a former Circuit City ( CC - news - people ) store is razed to make room for Macy's ( M - news - people ). The other will open at a former Younkers ...
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India: Solar power needs $110 billion in capital
MarketWatch
By MarketWatch NEW DELHI -(MarketWatch)- India needs $110 billion in total investments over the next decade to develop solar energy to the extent that it can meet nearly 7% of the nation's power needs in 2022. At a time when power shortage is prevalent ...
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GT Solar shines on higher 2012 margins forecast; shares soar
Reuters
(Reuters) - US solar equipment maker GT Solar International Inc (SOLR.O) raised its 2012 margins outlook, at a time when most solar companies are fearing a margin squeeze, sending its shares up 14 percent in extended trading. ...
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Time Warner Cable Eyes Sports With New Hire
Wall Street Journal
By Nat Worden Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Time Warner Cable Inc. (TWC) hired David Rone, a veteran of the sports industry, to oversee its sports content business in a newly-created position that signals a recognition at the nation's ...
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Investor decides to sell Va ethanol plant, lays off majority of workers
Washington Post
By AP, HOPEWELL, Va. — Osage Bio Energy says it's throwing in the towel on plans to brew ethanol from Barley at a plant in Hopewell. The Richmond Times-Dispatch reports that Osage and the plant are for sale. The company says it's laying off all but a ...
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49 CalPERS staffers investigated by state agency
San Francisco Chronicle
Forty-nine staff members, including the president and chief investment officer, have been notified they are being investigated by the Fair Political Practices Commission for possible violations of gift reporting requirements. ...
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Hartford to sell TARP-tied unit
Investor's Business Daily
The fin'l services company will sell a Fla. bank it bought in '08 that allowed it to qualify for TARP money. Hartford (HIG) received $3.4 bil in federal aid, which it repaid last year. It's selling Federal Trust to CenterState Banks (CSFL) and will ...
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Perry Ellis reports strong retail growth
MiamiHerald.com
Women's sportswear helped Miami-based Perry Ellis diversify its business and expand. The company's Hispanic and golf brands also remain strong. BY ELAINE WALKER Increased sales across all its brands and a new line of women's sportswear helped Perry ...
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Guilty Plea in Online-Poker Case
Wall Street Journal
By CHAD BRAY NEW YORK—A US citizen admitted Monday to helping online-poker companies circumvent laws prohibiting the processing of Internet-gambling payments. Bradley Franzen, who lives in Illinois and Costa Rica, was among 11 people charged last month ...
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Jive Buys Microsoft Office Collaboration Plugin OffiSync For Up To $30 Million
TechCrunch
Social enterprise giant Jive is continuing its shopping spree today, picking up OffiSync, an Israeli startup that adds a collaboration layer to Microsoft Office applications, we've confirmed. The deal was first reported in Israeli publication The ...
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Meghan McCain Fires Back At Glenn Beck!
The Business Insider
Glenn Lee Beck is an American conservative radio and television host, political commentator, author, and entrepreneur. He is the host of The Glenn Beck Program, a nationally syndicated talk-radio show that airs throughout the. ...
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