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Business - International Herald Tribune
Business - International Herald Tribune's business feed
| Mar 05, 2008 |
Trade group survey finds US service sector shrank in February for second consecutive month
The United States' service sector contracted in February for the second month in a row, a trade group said Wednesday.
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| Mar 05, 2008 |
Stocks extend gains after better-than-expected reading on service sector calms recession fears
Stocks rose Wednesday after a stronger-than-expected reading on the health of the service sector calmed some investors fears about the frailty of the economy.
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| Mar 05, 2008 |
US factory orders drop in January by largest amount in 5 months
U.S. factories saw demand for their products drop in January by the largest amount in five months, fresh evidence of an economy hobbled by housing and credit crises.
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| Mar 05, 2008 |
Goldman Sachs unveils $100 million program to educate 10,000 women globally about business
Goldman Sachs Group Inc., the world's largest investment bank, unveiled a plan Wednesday to spend $100 million (€66 million) to teach 10,000 women business and management skills across the globe.
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| Mar 05, 2008 |
Yahoo delays date for nominating directors as company continues to resist Microsoft takeover
Yahoo Inc. has extended a deadline for nominating candidates to its board, giving the struggling Internet pioneer more time to search for a white knight to help it fight off an unwanted takeover bid from Microsoft Corp.
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| Mar 05, 2008 |
OPEC says it will maintain current production despite high prices
OPEC has decided not to put more oil on the global market despite near record-high prices for crude.
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| Mar 05, 2008 |
British Airways' February passenger traffic up 5.3 percent
British Airways said Wednesday that passenger traffic rose 5.3 percent in February, led by a 15.1 percent increase in premium traffic.
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| Mar 05, 2008 |
EU regulators approve IBM's purchase of Swedish software provider Telelogic
European Union antitrust regulators have cleared IBM's €557.5 million (US$848 million) purchase of Swedish software provider Telelogic AB.
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| Mar 05, 2008 |
Eskom delays contracts to new customers in power squeeze
South Africa's electricity utility said Wednesday that it will not agree to supply any major new customers in the coming four to six months because of the acute energy crisis.
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| Mar 05, 2008 |
Chief executive of Danish drug maker Lundbeck resigns
The chief executive and president of Danish drug maker Lundbeck A/S, Claus Braestrup, said Wednesday he was resigning with immediate effect.
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| Mar 05, 2008 |
Pfizer backs 2008 profit, sales outlook but seeks cost cuts ahead of Lipitor patent expiry
Pfizer Inc. says it plans to outsource more drug manufacturing, lower costs ahead of generic competition for its blockbuster cholesterol drug, Lipitor, and expand broadly in China.
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| Mar 05, 2008 |
French bank Credit Agricole reports big 4Q loss
French bank Credit Agricole SA said Wednesday that €3.3 billion (US$5 billion) in write-downs related to the crisis in financial markets led to a hefty net loss in the fourth quarter.
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| Mar 05, 2008 |
US worker productivity growth slowed, labor costs rose in 4th quarter
U.S. worker productivity slowed sharply in the final three months of last year as the economy lost momentum.
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| Mar 05, 2008 |
German shoppers help euro retail trade to bounce back in January
Retailers in the 15-nation euro zone saw monthly sales rise 0.4 percent in January, the EU statistics agency Eurostat said Wednesday, after high inflation and worries about the economy shrank sales in December.
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| Mar 05, 2008 |
Carla Bruni continues Lancia pitches; Greenpeace unimpressed; the original Benz rolled out
Carla Bruni appears as a model in TV ads for the new Lancia Musa, with the second installment to begin airing in Italy this weekend.
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| Mar 05, 2008 |
US stocks head for moderately higher open ahead of flurry of economic data; Beige Book arrives
U.S. stocks headed toward a moderately higher open Wednesday as investors prepared for a flurry of economic figures on employment, factory orders and the state of the service sector.
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| Mar 05, 2008 |
Chinese insurer Ping An's shareholders OK plan to raise billions for acquisitions
A major Chinese insurer, Ping An Insurance Co., won shareholder approval Wednesday to raise some US$17 billion to pay for new acquisitions, news reports said.
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| Mar 05, 2008 |
London's FTSE-100 index up 48.1 points at 5815.8
Share prices on the London Stock Exchange were higher at midday Wednesday.
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| Mar 05, 2008 |
EU calls on Greece to give all power companies access to cheap lignite fuel
EU regulators called Wednesday on Greece to stop favoring the state-owned electricity company with near-exclusive access to cheap lignite and allow rivals to buy the fuel to generate power.
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| Mar 05, 2008 |
Oil again above US$100 after steep overnight fall on chance of OPEC output hike
Oil prices were back above US$100 a barrel Wednesday after dropping sharply in the previous session on the possibility that OPEC will raise output and on expectations that U.S. crude supplies are continuing to rise.
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