Archive for the 'Business' Category



Citi seeks deal over bond trade-paper (Reuters)

Sunday, May 8th, 2005
Reuters - Citigroup is ready to cut a deal with the UK’s Financial Services Authority (FSA) over allegations that it deliberately manipulated the European bond market last year, the Sunday Telegraph reported.
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Barclays to sweeten offer for Absa (Reuters)

Sunday, May 8th, 2005
Reuters - Britain’s Barclays has raised its offer for a majority stake in South Africa’s biggest retail lender Absa and the deal will be approved by the country’s finance minister on Sunday, a financial source said.
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Britain set for weaker economy, whether or not Brown is finance chief (AFP)

Sunday, May 8th, 2005
AFP - A strong economy under the stewardship of finance minister Gordon Brown is widely recognised as the major factor behind a third successive general election victory for Prime Minister Tony Blair.
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Wal-Mart keeps May sales forecast (Reuters)

Saturday, May 7th, 2005
Reuters - Wal-Mart Stores Inc. said on Saturday it still expects a 2 percent to 4 percent increase in May sales at U.S. stores open at least a year, and demand for food outpaced general merchandise sales.
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Retailers, consumers take center stage (Reuters)

Saturday, May 7th, 2005
Reuters - Retailers will take the spotlight next week as investors mull whether high energy costs have pinched consumers and clogged America’s economic engine.
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Berkshire net falls as SEC on notice (Reuters)

Saturday, May 7th, 2005
Reuters - Warren Buffett’s Berkshire Hathaway Inc. (BRKa.N) (BRKb.N) on Friday said a senior vice president in a unit of its General Re Corp. subsidiary may face civil action by securities regulators in connection with the widening probes into insurance industry practices.
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Payrolls grow more than expected in April (Reuters)

Saturday, May 7th, 2005
Reuters - The addition of a surprisingly strong 274,000 U.S. jobs in April plus upward revisions for hiring numbers in two prior months showed the economy rebounding from a first-quarter slowdown.
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Payrolls grow more than expected in April (Reuters)

Saturday, May 7th, 2005
Reuters - The addition of a surprisingly strong 274,000 U.S. jobs in April plus upward revisions for hiring numbers in two prior months showed the economy rebounding from a first-quarter slowdown.
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Employers Step Up Hiring in April (AP)

Saturday, May 7th, 2005
AP - Hiring around the country picked up briskly in April, with employers boosting payrolls by 274,000 and raising hopes of better days ahead for jobseekers and the economy as a whole. The unemployment rate held steady at 5.2 percent.
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Honeywell options pick up on takeover talk (Reuters)

Friday, May 6th, 2005
Reuters - Investors piled into bullish call options on Honeywell International Inc. on Friday amid market talk United Technologies Corp. had renewed its interest in buying the rival aerospace and industrial conglomerate, options traders said on Friday.
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