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Selasa, 19 Juli 2011

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BSkyB License Is Lawmakers' Next Target on James Murdoch Link
Bloomberg
A sign sits on the wall of British Sky Broadcasting Group Plc's headquarters in Isleworth. Photographer: Simon Dawson/Bloomberg July 19 (Bloomberg) -- Alan MacDougall, managing director of Pensions & Investment Research Consultants Ltd., ...
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Ellen Gray: Lifetime's sputtering pass at the JK Rowling Story
Philadelphia Inquirer
By Ellen Gray Including Lifetime, which puts its own spin on Pottermania tonight in the not-so-wild "Magic Beyond Words: The JK Rowling Story." Even if Rowling weren't famously private, it's unlikely she'd ever have authorized this particular treatment ...
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IBM Q2 net income up 8% to $ 3.66 billion
Economic Times
NEW YORK: Technology giant IBM has reported a 8.28 per cent rise in net income to USD 3.66 billion for the April-June quarter of 2011, driven by the robust performance of all major product categories such as software, services and hardware. ...
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Lease Down: Cisco Cutting 11500 Positions; Lockheed Martin Cutting 1500
CoStar Group
By Mark Heschmeyer In a move to cut $1 billion in costs in its 2012 expenses, San Jose-based Cisco will reduce its global workforce across all functions by 6500 employees, which includes approximately 2100 employees who elected to participate in a ...
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Amazon gets approval to collect signatures for California online sales tax ...
Washington Post
By AP, SAN FRANCISCO — Amazon.com Inc. says the California Attorney General's Office has approved its petition for a referendum that would let voters decide whether to overturn a new law that forces online retailers to collect sales taxes in the state. ...
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Oil Gains in New York as U.S. Supplies, China Demand Counter Europe Debt
Bloomberg
By Ben Sharples and Grant Smith - Tue Jul 19 08:45:19 GMT 2011 Brent advanced as much as 1 percent as the euro strengthened against the dollar after Greece's Finance Minister Evangelos Venizelos said a solution is "attainable" at a summit of European ...
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How 'robo-signing' occurs in the mortgage industry
Washington Post
By AP, The robo signing scandal virtually shut down the nation's entire foreclosure machine last fall. County officials in at least three states say the illegal practice continues. Here are some ways that robo signing can work: —An entry-level employee ...
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Novartis new drugs help fight generics threat
Reuters
By Katie Reid ZURICH, July 19 (Reuters) - Swiss drugmaker Novartis expects demand for new medicines to offset competition from cheaper copies of its drugs after it posted forecast-beating second-quarter sales helped by its latest products. ...
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Japan Bans Radioactive Cattle 4 Months After Nuclear Disaster
Bloomberg
By Aya Takada - Tue Jul 19 08:40:24 GMT 2011 Japan's government, struggling to contain radiation contamination among beef cattle, is being blamed by consumers and lawmakers for negligence over its handling of the food safety crisis, even as it moved to ...
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European Stocks Advance on Improved Earnings
Bloomberg
By Julie Cruz - Tue Jul 19 07:34:19 GMT 2011 European stocks gained, rebounding from a seven-month low, as companies from Novartis AG (NOVN) to International Business Machines Corp. reported earnings that beat estimates. US index futures rose while ...
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Electrolux CEO: Price Hikes Imminent As Cost of Plastic Rises
Fox Business
By Jens Hansegard STOCKHOLM -(Dow Jones)- Swedish appliance maker Electrolux AB (ELUX-B.SK) said Tuesday that the cost of plastics continues to rise and it intends to offset higher raw material costs with price increases and improved productivity. ...
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Mark Cuban loses a defense in SEC insider suit
Chicago Tribune
WASHINGTON/NEW YORK (Reuters) - Mark Cuban, the billionaire owner of the Dallas Mavericks basketball team, suffered a legal setback on Monday when a Dallas federal judge threw out one of his defenses in a Securities and Exchange Commission ...
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UPDATE 1-Temasek's Gan to replace Rozario as Fullerton Financial CEO
Reuters
By Kevin Lim SINGAPORE, July 19 (Reuters) - The head of the Temasek unit that invested in Asian banks such as China Construction Bank and India's ICICI is stepping down in the latest of senior management changes involving the Singapore state investor. ...
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Sri Lanka Inflation 'Under Control,' Fitch Rating's Woo Says
Bloomberg
By Anusha Ondaatjie - Tue Jul 19 06:56:33 GMT 2011 Sri Lanka's inflation is "under control" and Fitch Ratings is comfortable with the island's monetary policy stance, Art Woo, director Asia-Pacific Sovereign, said in a conference call today. ...
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Calif. pension funds grow more than 20 percent over year, far greater than the ...
Washington Post
By AP, SACRAMENTO, Calif. — California's two largest public pension funds each reported hefty returns of more than 20 percent for the fiscal year ended June 30, the investment teams announced Monday. However, the top-drawer returns — the highest since ...
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J&J drugs, consumer brands seen on mend
Reuters
By Ransdell Pierson NEW YORK (Reuters) - Johnson & Johnson's (JNJ.N) quarterly earnings are expected to show a turnaround for its prescription drugs and progress in fixing quality control lapses that have sparked repeated recalls of the company's ...
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Former commodities trader admits threatening to kill US regulators
Los Angeles Times
A former commodities trader pleaded guilty Monday to threatening to kill more than 40 financial regulators, including the heads of the Securities and Exchange Commission and the Commodity Futures Trading Commission. Vincent McCrudden, 50, admitted in ...
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Treasury Five-to-30 Spread Near Widest This Year on Debt Ceiling Concern
Bloomberg
By Wes Goodman - Tue Jul 19 06:11:17 GMT 2011 Treasuries rose, pushing benchmark yields to within 10 basis points of the lowest this year, as Europe's spreading debt crisis fueled demand for the relative safety of US government debt. ...
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Queens homeowners close to foreclosure urged to apply for federal aid
New York Daily News
BY Irving Dejohn Politicians are encouraging Queens homeowners on the brink of foreclosure to take advantage of federal programs. The clock is ticking for Queens homeowners on the brink of foreclosure to apply for federal aid, officials warned ...
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New York Daily News
Stocks, Oil Drop on Debt Concern; Gold in Longest Run Since 1980
BusinessWeek
By Stephen Kirkland and Jeff Kearns July 18 (Bloomberg) -- Stocks fell around the world, extending last week's drop, and oil declined amid concern officials are no closer to solving the debt crises in Europe and the US Gold extended its longest rally ...
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Home builders' confidence up
Detroit Free Press
Confidence among US home builders improved in July from a nine-month low as executives turned less pessimistic on the outlook for sales. The National Association of Home Builders/Wells Fargo sentiment index climbed to 15 this month, ...
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Temple-Inland Rejects International Paper's Tender Offer
Bloomberg
By Christopher Donville - Mon Jul 18 20:25:54 GMT 2011 Temple-Inland Inc. (TIN), a producer of cardboard shipping boxes, said its board of directors voted unanimously to reject International Paper Co. (IP)'s hostile $3.31 billion tender offer. ...
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Gannett Newspaper Revenue Falls 6.5% in Weak Ad Climate
New York Times
By REUTERS In the latest sign that the industry has yet to recover from an advertising slump, quarterly profit and revenue at the newspaper company Gannett fell. Gannett, the largest newspaper chain in the United States, said Monday that total revenue ...
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BofA Mortgage Settlements Magnify Capital Strain as $50 Billion Gap Looms
Bloomberg
By Hugh Son - Mon Jul 18 20:19:52 GMT 2011 Bank of America, which under Basel rules may be labeled a systemically important financial institution, or SIFI, expects to have $1.8 trillion in risk-weighted assets by 2013 and said it intends to reduce that ...
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Exec named CEO of Tribune Co. publishing unit
Los Angeles Times
Tony Hunter adds the title to his roles as publisher and chief of the Chicago Tribune Media Group. By Robert Channick Tony Hunter, Chicago Tribune Media Group's publisher and chief executive, has added the title of CEO of parent Tribune Co. ...
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Transportation panel issues recommendations
Citizens Voice
By Robert Swift (Harrisburg Bureau Chief) The Governor's Transportation Funding Advisory Commission urges lawmakers to pass a law allowing taverns to operate small games of chance in order to generate a new funding source from small games license fees. ...
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Citizens Voice
Charles Schwab trading falls
Investor's Business Daily
The discount brokerage's Q2 EPS climbed 18% to 20 cents, a penny better than views, on higher asset management fees and interest revenue. Net revenue grew 10% to $1.19 bil, in line with views, with asset management fees growing 15% to $502 mil. ...
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Small car costs are expected to drop in fall
Boston Globe
The average new compact car, which cost a record $20500 in June, should fall to about $19300 by the end of the year. (Lenny Ignelzi/Associated Press) By Dee-Ann Durbin and Tom Krisher Associated Press / July 19, 2011 ANN ARBOR, Mich. ...
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Boston Globe
Hasbro expanding in Providence
Boston Globe
AP / July 19, 2011 PROVIDENCE - Hasbro Inc. is expanding into downtown Providence in a project expected to bring 284 jobs over three years and an investment of $24 million in the city. Some employees will be relocated from company headquarters in ...
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Arch Chemicals, UBS, Barclays, News Corp in Court News
BusinessWeek
By Elizabeth Amon July 19 (Bloomberg) -- The US Securities and Exchange Commission sued three firms, two of them allegedly controlled by Yomi Rodrig, a Turkish trader living in Geneva, claiming they profited from insider trading in Arch Chemicals Inc. ...
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