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Jumat, 24 Juni 2011

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Asian Nations Welcome Oil Reserves Release
Wall Street Journal
By GURDEEP SINGH SINGAPORE—Asian officials and regional observers who worry about the inflationary toll higher energy prices have taken on the region's fast-growing economies welcomed plans Thursday by industrialized nations to release 60 million ...
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US stock index futures point to gains for Wall St
Reuters
* US stock index futures pointed to gains for Wall Street on Friday, after shares closed off session lows in the previous day, with futures for the S&P 500 SPc1, Dow Jones futures DJc1 and Nasdaq futures NDc1 all up by around 0.5 percent by 0836 GMT. ...
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Williams Makes $4.9B Southern Union Bid
TheStreet.com
By Joseph Woelfel 06/24/11 - 04:20 AM EDT NEW YORK (TheStreet) -- Shares of Southern Union(SUG) soared late Thursday after receiving an all-cash buyout proposal from Williams(WMB) that values the natural gas pipeline company at $4.9 billion, ...
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Dollar Falls Versus Euro, Yen on German Business Confidence Rise
BusinessWeek
By Paul Dobson June 24 (Bloomberg) -- The dollar weakened for the first time in three days, paring a weekly advance, after the Ifo index of German business confidence unexpectedly increased, curbing demand for the safety of US assets. ...
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Sears to spin off Orchard Supply Hardware chain in IPO
Los Angeles Times
Sears Holdings Corp. plans to spin off its home improvement unit, Orchard Supply Hardware, as a separate publicly traded company, the department store giant said Thursday. The move comes amid a flurry of initial public offerings in recent months. ...
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Ford Quality Tumbles in JD Power Survey
CNBC.com
Ford the first time since Ford CEO Alan Mulally took charge of the automaker, its initial quality scores have fallen below the industry average. Ford fell 18 spots from #5 last year, with the latest survey showing Ford registering 116 problems per 100 ...
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CNBC.com
BOE Says Debt Crisis Biggest UK Financial-Stability Threat
BusinessWeek
By Jennifer Ryan and Svenja O'Donnell June 24 (Bloomberg) -- The euro-area debt crisis poses the biggest risk to the stability of the UK financial system and banks should build up capital when earnings are strong, the Bank of England said. ...
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China shares soar, boost Hong Kong, as Wen's comments ease policy fears
Reuters
By Vikram Subhedar and Clement Tan HONG KONG, June 24 (Reuters) - China shares jumped on Friday, posting their biggest two-day gain in six months and boosting the market in Hong Kong, as comments from Chinese Premier Wen Jiabao fueled hopes that ...
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Facebook Nabs Netflix CEO For Board
WDSU New Orleans
By Laurie Segall NEW YORK (CNNMoney) -- Facebook nabbed one of the tech world's most admired leaders for a spot on its board: Netflix CEO Reed Hastings. "Reed is an entrepreneur and technologist who has led Netflix to transform the way people watch ...
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Does Counting Bernanke's Key Words Offer an Insights?
CNBC.com
Can we understand Fed policy not by listening intently to what the Chairman says at his press conference but just by counting his words? Pablo Martinez Monsivais / ASSOCIATED PRESS CNBC did a count of key words spoken by Fed Chairman Ben Bernanke at ...
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Apple Gets Approval From U.S. Agencies to Bid for Bankrupt Nortel's Assets
Bloomberg
By Sara Forden and Steven Church - Thu Jun 23 17:11:17 GMT 2011 Apple Inc. received approval from US antitrust regulators to bid for the assets of bankrupt Nortel Networks Corp., according to an agency statement. Photographer: Norm Betts/Bloomberg ...
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Gas prices fall again, Scottsdale has highest prices
Phoenix Business Journal
Gas prices continue to fall in Arizona, its metro areas, and nationally this week, according to the latest fuel averages released by AAA . Regular unleaded gasoline in Arizona now averages $3.58 a gallon, down five cents from last week. ...
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Oracle Q4 net up 36% to $3.2 billion
Economic Times
NEW YORK: Oracle Corp reported a 36 per cent surge in net income to $3.2 billion in the three-month period ended May 31, 2011, driven by growth in software sales. In the year-ago period, the software giant had a net income of USD 2.38 billion, ...
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PRECIOUS-Factors to watch on June 24
Reuters
LONDON, June 24 (Reuters) - Gold edged up on Friday from losses of as much as 2 percent in the previous session, supported by a softer dollar versus the euro after Greece won approval for a five-year austerity plan. PRICES * Spot gold was bid at ...
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Greek banks' borrowing from ECB jumps in May
MarketWatch
By Alkman Granitsas ATHENS -(MarketWatch)- Greek banks sharply increased their borrowings from the European Central Bank in May to EUR97.5 billion, reversing a four-month downtrend, data released by the Greek central bank showed Friday. ...
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Bombardier gets $628 mln order for 10 CS100s
Reuters
JUNE 24 (Reuters) - Bombardier Inc's (BBDb.TO) aerospace unit said a European customer has placed a order for 10 CS100 jetliners, valued at about $628 million. The world's third-biggest civil aircraft maker did not name the customer, but said this was ...
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Discover Chief Says Fuel Prices Weigh on Consumer Confidence
BusinessWeek
By Donal Griffin June 24 (Bloomberg) Discover Financial Services Chief Executive Officer David Nelms said he remains "guarded" about how much confidence consumers have in the strength of the US economy as they cope with high fuel prices. ...
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Jobless Claims Move Higher
Wall Street Journal
By CONOR DOUGHERTY The number of people filing new claims for unemployment insurance ticked up last week in the latest sign that the US labor market is sputtering amid slower economic growth. Initial claims for unemployment insurance increased 9000 to ...
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Another faulty drug settlement for GSK
Bizjournals.com
After settling a case brought by the federal government last year for $750 million, GlaxoSmithKline has settled a similar case over the sale of allegedly faulty drugs that was brought by several US states, the Associated Press reports. ...
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After Hours Gainers:
Briefing.com
Companies trading higher in after hours in reaction to news: SUG +14.8% (Southern Union: Williams (WMB) has proposed to acquire all of the outstanding shares of SUG for $39.00 per share in cash), CPB +4.3% (Campbell announces $1 bln share repurchase ...
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Accenture 3Q Net Jumps 28% On Revenue Growth; Lifts FY View
Wall Street Journal
Accenture PLC's (ACN) fiscal third-quarter profit jumped 28%, easily exceeding analysts' expectations, as the consulting company reported broad revenue growth across all operating groups and geographic regions after gaining market share. ...
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Chipmaker Micron hit by weak PC sales, stock slumps
Reuters
By Noel Randewich SAN FRANCISCO (Reuters) - Memory chipmaker Micron Technology (MU.O) posted quarterly results below expectations and warned of low visibility in a weak consumer PC market, slamming its shares. Boise, Idaho-based Micron's stock had ...
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New-home sales fall for first time in three months
San Francisco Chronicle
Purchases of new US houses fell in May for the first time in three months, showing the industry is struggling to gain momentum. Sales dropped 2.1 percent to a 319000 annual pace last month, figures from the Commerce Department showed Thursday in ...
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H&R Block's CEO Discusses Q4 2011 Results - Earnings Call Transcript
Seeking Alpha
Good afternoon, my name is Zetania, and I will be your conference operator today. At this time, I would like to welcome everyone to the H&R Block Fourth Quarter and Fiscal 2011 Conference Call. [Operator Instructions] Thank you. ...
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Broaddus Says Deflation Risk Would Prompt Fed to Weigh Stimulus
Bloomberg
By Caroline Salas Gage and Tom Keene - Thu Jun 23 16:38:45 GMT 2011 Former Federal Reserve Bank of Richmond President Alfred Broaddus said disinflation and an increase in the risk of deflation would prompt the central bank to consider another round of ...
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ConAgra says still wants Ralcorp but can do without
Reuters
By Martinne Geller NEW YORK (Reuters) - ConAgra Foods Inc (CAG.N) tried to assure investors on Thursday that its future will be bright even if it does not succeed in buying Ralcorp Holdings Inc (RAH.N), which has already turned down ConAgra twice. ...
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GE, partners pledge $63M for home-technology firms
Forbes
AP , 06.23.11, 04:37 PM EDT General Electric Co. and its venture-capital partners say they will invest $63 million in 10 companies that provide technology such as energy-efficiency to the home. GE said Thursday that the investment is the second round ...
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Arlington records found in storage
Washington Post
By Christian Davenport and Aaron C. Davis, Sixty-nine boxes of copied burial records containing the personal information of people buried at Arlington National Cemetery were found this month at a private storage facility in Northern Virginia, ...
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EPA picks sites for fracking case studies
Gas Business Briefing
The US Environmental Protection Agency will conduct seven case studies on fracking in five states as part of its much-anticipated fracking report due next year. Targeting the Marcellus, Haynesville, Barnett and Bakken shale formations, as well as the ...
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