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Selasa, 25 September 2012

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Growth worries, Spanish concerns check euro, share gains
Reuters
By Richard Hubbard | LONDON (Reuters) - Uncertainty over Spain's next move to tackle its funding problems and renewed worries about the global growth outlook capped moves in shares and the euro on Tuesday. Investors have turned cautious after a strong ...
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Diageo revives talks for stake in India's dominant spirits maker
Reuters
By Harichandan Arakali and David Jones | BANGALORE/LONDON (Reuters) - Diageo Plc (DGE.L) is in talks to acquire a stake in Indian billionaire Vijay Mallya's United Spirits Ltd (UNSP.NS), reviving an on-again, off-again courtship that would ramp up its ...
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Euro Slips With Spain, Italy Bonds as Commodities Advance
Businessweek
By Stephen Kirkland and Jason Clenfield on September 25, 2012 The euro weakened amid signs the discord has increased over how to stem the debt crisis while Spanish and Italian bonds fell after debt sales. Commodities gained before reports that will ...
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Chevron Under EPA Probe for Avoiding Refinery Monitors in 2009
Bloomberg
Chevron Corp. (CVX), which paid $170000 to settle California pollution allegations at a refinery, may face more penalties including prison sentences for employees stemming in a federal investigation of the case. The Environmental Protection Agency is ...
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TREASURIES-Euro zone worries support Treasuries before supply
Reuters
| LONDON, Sept 25 (Reuters) - US Treasury prices rose on Tuesday along with German Bunds as worries about the European Central Bank's bond-buying programme benefited safe-haven assets and with this week's supply expected to be easily absorbed.
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TEXT-Fitch affirms MEXIM at 'A-'; outlook stable
Reuters
(The following statement was released by the rating agency) Sept 25 - Fitch Ratings has affirmed Export Import Bank of Malaysia Berhad's (MEXIM) ratings, including its 'A-' Long-Term Issuer Default Rating (IDR). The Outlook is Stable.
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All Aboard: Railroad adventures for every budget
CNN
(CNN) -- Sometimes the journey is the destination. These rail adventures, from the modest to the most decadent, offer a mix of breathtaking scenery, a window on the role of the railroad in North American history and opportunities to enjoy leisure and ...
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Gold rises in electronic trade ahead of US data
MarketWatch
By Virginia Harrison and Sara Sjolin, MarketWatch Gold for December delivery (CNS:GCZ2) added $6.40, or 0.4%, to $1771.00 an ounce on the Comex division of the New York Mercantile Exchange during European trading hours. The precious metal declined ...
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U.S. stock futures steady as data await
MarketWatch
MADRID (MarketWatch)—US stock futures pointed to a steady start for Wall Street on Tuesday, but some observers expect further gains when housing data are released shortly after the open. Meanwhile, Caterpillar Inc. could come under pressure after it ...
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MarketWatch
Jump in Home Deliveries Boosts Lennar's Profit
Wall Street Journal
By DAWN WOTAPKA And MELODIE WARNER Lennar Corp. reported sharply higher fiscal-third-quarter earnings, helped by a tax benefit and stronger new-home deliveries and prices. The results from Lennar, considered one of the home-building sector's strongest ...
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Wall Street Journal
BREAKINGVIEWS - Indian power sector bailout is a good first step
Reuters
(The author is a Reuters Breakingviews columnist. The opinions expressed are his own) By Andy Mukherjee SINGAPORE (Reuters Breakingviews) - India's electricity distributors have become zombies. The industry's $35 billion debt overhang, equivalent to 2 ...
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Sidewater Drilling to buy Union Drilling
Reuters
(Reuters) - Sidewinder Drilling Inc, controlled by private equity firm Avista Capital Partners, will buy Union Drilling Inc (UDRL.O) for $139.1 million in cash. The $6.50 per share offer represents a premium of 6 percent over Union's Monday close of ...
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Indian state firms bid $5 billion for Conoco Canada assets
Reuters
By Nidhi Verma | NEW DELHI (Reuters) - A trio of state-run Indian oil companies has bid $5 billion for stakes in Canadian oil sands holdings owned by ConocoPhillips (COP.N), two sources said, as the world's No. 4 oil importer continues to search for ...
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Caterpillar Cuts 2015 Profit Outlook as Mining Spend Falls
San Francisco Chronicle
(Updates with share price drop in Europe in fifth paragraph.) Sept. 25 (Bloomberg) -- Caterpillar Inc., the world's biggest construction and mining equipment maker, cut its forecast for 2015 earnings after commodity producers reduced capital ...
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Toys R Us to hire 45000 seasonal employees across US
Reuters
| Sept 25 (Reuters) - Toys R Us Inc said it will hire 45000 seasonal employees across the United States to cope with the upcoming holiday season. Toys R Us, which hired about 40000 seasonal workers last year, said it retained about 15 percent of the ...
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Discover ordered to repay $200 mln over add-ons
MarketWatch
WASHINGTON (MarketWatch) -- Discover Bank (US:dfs) was ordered by the Federal Deposit Insurance Corporation and the Consumer Financial Protection Bureau to refund approximately $200 million to more than 3.5 million customers and pay a $14 million fine ...
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Five ways big banks' Libor scandal affects you
Christian Science Monitor
London, this year's host of the Olympics, is also home to a bank scandal that threatens to rock the financial world as much as the Games influence the world of sports. Here's why: Libor (London Interbank Offered Rate) is a global benchmark for interest ...
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Christian Science Monitor
UPDATE 3-Olympus, former executives plead guilty in fraud trial
Reuters
(Updates with Olympus comment) By Antoni Slodkowski TOKYO, Sept 25 (Reuters) - Japanese camera and medical equipment maker Olympus Corp and three of its former executives pleaded guilty on Tuesday over charges related to a $1.7 billion accounting ...
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About 46600 Virginians to receive claim forms for mortgage foreclosure ...
Washington Post
RICHMOND, Va. — Claim forms are going out to about 46600 Virginians who may be eligible for payments under the national mortgage foreclosure settlement. Attorney General Kenneth Cuccinelli says the payments are for borrowers who lost their homes to ...
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Facebook, Apple lead tech selloff
MarketWatch
SAN FRANCISCO (MarketWatch) — Facebook Inc. and Apple Inc. led a selloff in the tech sector on Monday, with Google Inc. being one of the few notable gainers by the closing bell. Facebook (US:FB) fell 9.1% to close at $20.79. An analysis published by ...
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Light finally begins to shine on Bumi's murky machinations
Telegraph.co.uk
'We are delighted," boasted Nathaniel Rothschild. "The structure that we established ... has enabled us to act quickly to secure these high quality assets." The date was November 2010 and just five months after floating a cash shell on the London Stock ...
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Telegraph.co.uk
Banks must accept tighter rules, rethink profit goals: RBA
Reuters
| SYDNEY (Reuters) - The global banking industry should accept much tougher regulations in return for taxpayer support, and any extra cost to banks was more than justified by the reduction in economic risks, a top Australian policymaker said on Tuesday ...
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United Continental to receive its first Boeing 787 this week
Reuters
(Reuters) - United Continental Holdings Inc (UAL.N) will become the first US airline to take delivery of Boeing Co's 787 Dreamliner airplane this week, the world's largest airline said on Monday. United said it expects to fly the plane to its Houston ...
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Eurozone crisis live: Merkel and Draghi meet; Lagarde warns about Greek debts
The Guardian
Christine Lagarde, managing director of the IMF, warned last night that Greece's debts will 'have to be addressed'. Photograph: Dimitri Messinis/AP Spain paid higher borrowing costs at an auction of short-term debt this morning.
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Albemarle & Bond slows shop expansion
Telegraph.co.uk
Albemarle & Bond, which has more than 140 shops, said it planned to open just five stores in the next financial year compared to the 25 it opened in 2011-12. As gold prices accelerated, Albemarle has benefited from customers exchanging gold jewellery ...
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Telegraph.co.uk
Google target raised to $850 by Citigroup
MarketWatch
SAN FRANCISCO (MarketWatch) - Citigroup has raised its price target for Google (US:goog) to $850 from $740. Analyst Mark Mahaney said in a note, "We're now back at the peak. And we believe Google shares can rise materially higher over the next 12 ...
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Micro-apartments could get big San Francisco boost
CBS News
(AP) SAN FRANCISCO — San Francisco may soon give new meaning to the word "downsizing." Supervisors are set to vote Tuesday on a proposed change to the city's building code that would allow construction of among the tiniest apartments in the country.
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CBS News
Finding a "free" checking account
MarketWatch
So much for "free" checking. Faced with new regulations and a slow economy, many large banks are jacking up fees on these accounts — or are introducing new ones — to boost revenue. But analysts say some little banks and online firms are still offering ...
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Fed may buy other assets, Williams says
MarketWatch
WASHINGTON (MarketWatch) - The Federal Reserve could expand its bond-buying program beyond mortgage-backed securities if necessary to get the economy moving, John Williams, the president of the San Francisco Fed Bank, said Monday.
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American Airlines delays, cancellations continue during dispute
WDAM-TV
American Airlines passengers are facing a surge of cancellations and delays as contract negotiations with the airlines' pilots continue. (Source: CNN) Ever find yourself saying you need a vacation after your vacation? Here's how you can truly relax ...
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Cairn Energy Sells 8 Percent Stake in Cairn India for $910M
Rigzone
UK-based oil and gas independent Cairn Energy has raised $910 million by selling an 8 percent stake in Cairn India to Citi, the company said in a statement Tuesday. The company retains a 10 percent stake in Cairn India after the sale of 153 million ...
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Memphis airport gets $31M for runway safety
KIRO Seattle
AP Memphis International Airport is receiving a $31.8 million grant from the Federal Aviation Administration for runway safety and other projects. US Rep. Steve Cohen, who represents Memphis, and the FAA announced Monday that the grant will help pay ...
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Decades of federal dollars helped fuel gas boom
Chippewa Herald
September 23, 2012 7:00 pm • AP It sounds like a free-market success story: a natural gas boom created by drilling company innovation, delivering a vast new source of cheap energy without the government subsidies that solar and wind power demand.
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Oil climbs above $110; Iran in focus
Business Recorder
LONDON: Oil rose above $110 a barrel on Tuesday as escalating tensions over Iran offset plentiful supplies and concern over the health of the global economy. Washington cleared the way on Monday for tighter sanctions against Iran to curb its nuclear ...
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Business Recorder
GRAINS-Soy dives below $16/bushel before bargain-hunting bounce
Reuters
* Soybeans pare loss on short-cover, hover at 6-week low * Corn, wheat also rise off day's lows * Dollar's gains ease * Harvest progress shy of trade expectations (Updates with analyst comments, closing prices) By KT Arasu CHICAGO, Sept 24 (Reuters) ...
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TiVo settles patent lawsuit vs Verizon for $250.4M; Verizon will license TiVo ...
Washington Post
Verizon will pay Tivo Inc. at least $250.4 million to license its digital video recording technology and settle a patent lawsuit. It is the third settlement that Tivo has garnered in recent patent cases. At the heart of the cases, Tivo has alleged that ...
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Kellogg in Deal to Expand Snack Business in China
Wall Street Journal
By SAABIRA CHAUDHURI Kellogg Co. has agreed to a joint venture with Wilmar International Ltd. for the manufacture, sale and distribution of cereal and snacks in China as the US company looks to expand in the fast-growing snack foods market there.
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Trade representative: US complies with WTO ruling calling for end to illegal ...
Washington Post
GENEVA — The United States Trade Office says the US government has responded to and complied with a World Trade Organization ruling that found the US had provided illegal subsidies to Boeing Co. The US and the European Union have been at odds over ...
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RBS to cut further 300 jobs at investment bank
Reuters
| LONDON, Sept 24 (Reuters) - Royal Bank of Scotland has increased its target for cutting jobs at its investment banking business to 3800 by the end of 2013, 300 more than previously anticipated, according to slides released by the bank ahead of an ...
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Spaceport is built, but who will come?
Economic Times
To date, nine spaceports are planned around the United States, mostly at existing airports, and another 10 have been proposed. NEW MEXICO: New Mexico Tourism Secretary Monique Jacobson says it will be New Mexico's Sydney Opera House.
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Economic Times


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