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Sabtu, 02 Juli 2011

Google Alert - Business

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US auto sales jump; Japan ailing
Columbus Dispatch
By Dee-Ann Durbin and Tom Krisher AP DETROIT - Gas prices hit a sweet spot for automakers last month. They fell far enough to spur pickup-truck sales, yet they remained so high that small cars sold well, sometimes just hours after reaching dealers' ...
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GoDaddy Bought By KKR, Others
Wall Street Journal
By ANUPREETA DAS And GEORGE STAHL GoDaddy Group Inc., a closely-held company that registers Internet domain names, agreed to be bought by private-equity firms KKR & Co., Silver Lake Partners and Technology Crossover Ventures. The companies declined to ...
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Bayer Settles With Farmers Over Modified Rice Seeds
New York Times
By BLOOMBERG NEWS A Bayer AG unit will pay $750 million to settle claims with about 11000 United States farmers who said a strain of the company's genetically modified rice tainted crops and ruined their export value. The settlement, announced on ...
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Google may be poised to bid for Hulu
Los Angeles Times
The possible acquisition of Hulu would give Google a bigger role in Hollywood and an opportunity to gain more mainstream programming, which Google could use to entice online viewers to watch longer. Jane Lynch, left, fixes John Stamos' jacket collar ...
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Los Angeles Times
GM Recalls Impalas…but Only if Owned by Police
AllGov
General Motors is being sued after it selectively recalled its 2007-2008 models of the Chevrolet Impala sold to police departments. At issue is the Impala's rear wheel structure, which allegedly causes misalignment and premature tire wear. ...
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AllGov
Recession seems to linger on
Detroit Free Press
Job seekers wait in a line at a job fair in Southfield last month. Workers are thankful they have jobs: Just 1.7 million workers have quit their jobs each month this year, down from 2.8 million a month in 2007. / PAUL SANCYA/Associated Press BY PAUL ...
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Zynga plans to raise $1 billion in IPO
San Francisco Chronicle
-- Zynga announced plans Friday to raise $1 billion in an initial public offering, positioning it to become the first publicly traded company whose profits depend on the sale of virtual goods. The San Francisco startup - whose popular games for ...
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Blackboard Gets Bought
Inside Higher Ed
Blackboard, maker of the dominant online learning platform among nonprofit colleges, has been sold to Providence Equity Partners, the company announced on Friday. The announcement prompted hand-wringing from campus technology officials and reassurances ...
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Ex-BP chief was pressed over inquiry's scope
Houston Chronicle
By JOHN SCHWARTZ In testimony before Congress last summer, Tony Hayward, then BP's chief executive, asserted that his company was conducting a "full and comprehensive" investigation into the causes of the Deepwater Horizon disaster that killed 11 rig ...
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REFILE-Euro zone to OK Greek tranche Sat, decide 2nd package on July 11
Reuters
By Jan Strupczewski BRUSSELS, July 2 (Reuters) - Euro zone finance ministers will approve the next tranche of emergency aid for Greece on Saturday and take decisions on a second three-year financing plan for Athens on July 11, euro zone officials said. ...
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Dow closes big week with 168-point rally
Columbus Dispatch
NEW YORK (AP) - A rebound in US manufacturing surprised investors yesterday, sending the Dow Jones industrial average up nearly 170 points. The Dow ended up 648 points, or 5.4 percent, for the week. It was the index's best week in two years. ...
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New FAA rules to combat controller fatigue
Los Angeles Times
After incidents in which air traffic controllers fell asleep on the job, the agency will let them listen to the radio and read to stay alert and use sick time if they are too tired to do the job. Associated Press The Federal Aviation Administration on ...
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'Mad Men' AMC Networks Slides on First Day After Spinoff From Cablevision
Bloomberg
By Alex Sherman - Fri Jul 01 20:30:52 GMT 2011 AMC Networks Inc., the media company whose programs include "Mad Men" and "Breaking Bad," slid on its first day of trading after being spun off from Cablevision Systems Corp. (CVC) AMC fell $3.65, ...
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Washington Mutual agrees to whopping $208M fraud settlement after hiding ...
New York Daily News
Another big bank is paying out large sums to settle a case stemming from the financial meltdown. Washington Mutual and other defendants have agreed to a $208.5 million settlement to end class action securities fraud lawsuits, according to court ...
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New York Daily News
Deal on Lehman Brothers assets would give CalPERS about $90 million
Fresno Bee
By Dale Kasler - dkasler@sacbee.com After fighting for months for a better deal, CalPERS is likely to get up to 21 cents on the dollar from the notorious Lehman Brothers bankruptcy. Lehman, the defunct Wall Street investment bank, disclosed a tentative ...
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Cuba plans limited housing and auto market
Reuters
By Marc Frank HAVANA (Reuters) - Cuba will authorize limited housing and car markets by 2012, the Communist party newspaper Granma said on Friday, a move awaited by local residents since the early 1960s when home and most auto sales were banned. ...
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BYD Can Recover From Missteps: Munger
Bloomberg
By Bloomberg News - Fri Jul 01 22:41:49 GMT 2011 BYD Co., the Chinese automaker part- owned by Warren Buffett's Berkshire Hathaway Inc. (BRK/A), has the ability to recover from missteps, Berkshire Vice Chairman Charles Munger said. ...
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Construction spending falls 0.6% in May
Finance and Commerce
By AP Builders began work on fewer projects in May, led by steep declines in apartment construction and less spending by state and local governments. Construction spending declined 0.6 percent in May to a seasonally adjusted annual rate of $757.9 ...
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GM: Industry's Sales Pace Slowed in June
TheStreet.com
By Ted Reed 07/01/11 - 12:26 PM EDT DETROIT (TheStreet) -- Auto industry sales apparently fell back to a slower than expected pace in June as inventory shortages deterred buyers. The industry's seasonally-adjusted annual light vehicle sales rate in ...
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TheStreet.com
FinSys Update: US Mfg Expands In June, Consumr Sentiment Drops
IMarketnews.com
* The ISM manufacturing index rose to 55.3 in June from 53.5 in May, well above consensus forecasts. The strengthening was broad-based, with new orders increasing to 51.6 from 51.0, production rising to 54.5 from 54.0, the supplier delivery index ...
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PG&E concedes safety-rule mistake on pipelines
San Francisco Chronicle
SAN FRANCISCO -- Pacific Gas and Electric Co. admitted Friday that it had misclassified 172 miles of gas transmission pipelines - wrongly considering them to be exempt from rigorous federal safety standards - because it did not accurately account for ...
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Progress wants 3.8% rate increase
News & Observer
Progress Energy, with 1.3 million customers in North Carolina, is asking state regulators for permission to raise rates by 3.8 percent starting Dec. 1 to cover its costs for solar energy and other expenses. The increase would come to about $4 a month ...
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Report: NY AG seeks new BofA-Merrill depositions
The Associated Press
NEW YORK (AP) — New York Attorney General Eric Schneiderman is not backing off a civil fraud probe into whether Bank of America deliberately misled shareholders about the massive losses on Merrill Lynch's books before its 2008 purchase of the ...
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Starwatch consumer | Leaf charges ahead of Volt
Kansas City Star
Nissan Motor Co.'s Leaf, the first mass-produced electric car sold in the US, took an early lead in the budding market for rechargeable autos by pulling ahead of General Motors Co.'s plug-in Volt in 2011's first half. Sales of lithium-ion-powered Leafs ...
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Shell Wins Draft US Air Permits for Oil Drilling in Seas Off Alaska
Bloomberg
By Katarzyna Klimasinska - Fri Jul 01 16:38:49 GMT 2011 Royal Dutch Shell Plc (RDSA) received draft US air quality permits for oil drilling in Alaska's Chukchi and Beaufort seas. The Environmental Protection Agency's permits, which are subject to 30 ...
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Jeep Compass leads Chrysler's June sales surge
Rockford Register Star
A Jeep Patriot sits outside the Chrysler assembly plant in Belvidere on Tuesday, Feb. 15, 2011. Chrysler Group LLC's sales in June soared 30 percent compared with June 2010, its best June sales total since 2007. By Alex Gary BELVIDERE — Chrysler Group ...
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Car Recalls Cause Worries for Toyota and Lexus Owners; 82200 Hybrids Recalled
dBusinessNews Detroit (press release)
Detroit - Toyota Motor Corp has issued its own, voluntary recall of two hybrid models. The car recalls have been issued due to possible overheated or damaged transistors. DETROIT, MI – Car recalls may have paused for a period of time for Toyota Motor ...
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Formery Treasury Head Larry Summers Joins VC Andreessen Horowitz
WIREDVC: Venture Capital & Funding News
By Joseph Wise There's not too many news items that can confirm a venture capital firm a place at the top of the food chain the way hiring a former US Treasury Secretary can. That's the space where Andreessen Horowitz lives, way up at the very top of ...
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FBI: Wash.'s 'Bad Hair Bandit' now in Ore.
Seattle Post Intelligencer
PORTLAND, Ore. (AP) รข€" The FBI says the so-called "Bad Hair Bandit," sought in connection with as many as 18 bank robberies or attempted robberies in Washington, is now suspected in a robbery in the Portland suburb of Lake Oswego. ...
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Precedent for IRS to Probe Media Matters' Tax Status
Fox News (blog)
The IRS isn't saying much about calls to investigate claims that Media Matters may be violating the terms of its tax-exempt status for waging "guerilla warfare and sabotage" against Fox News. But while the agency rarely revokes nonprofit status over ...
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