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Date: Saturday, 21 Nov 2009 04:33
Reuters - Bank of America Corp Chief Executive Kenneth Lewis has said he would consider postponing his retirement if directors need more time to find a successor or smooth the transition to the next CEO, the Wall Street Journal reported on Friday.
Author: "--" Tags: "business"
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Date: Saturday, 21 Nov 2009 04:03
Reuters - News Corp, Time Warner Inc and Qualia Capital LLC are interested in buying Hollywood's Metro-Goldwyn-Mayer film studio, home of the James Bond movies, Bloomberg News reported on Friday.
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Date: Saturday, 21 Nov 2009 03:38

An NBC sign on the General Electric building in New York, October 5, 2009. REUTERS/Mike SegarReuters - Talks between General Electric and Vivendi over the future of NBC Universal have stalled, the New York Times reported on Friday night.


Author: "--" Tags: "business"
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Date: Saturday, 21 Nov 2009 02:14

A Chinese flag flies outside the New York Stock Exchange, November 20, 2009. Shares of Chinese discount hotel chain 7 Days Group Holdings Ltd  jumped as much as 28.6 percent in their New York Stock Exchange debut on Friday. REUTERS/Brendan McDermid (UNITED STATES BUSINESS)Reuters - U.S. stocks could sputter next week as volumes dry up in holiday-shortened trading and with a slew of economic reports likely to illustrate the recovery is still fragile.


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Date: Saturday, 21 Nov 2009 00:09

Hershey's candy boxes are seen inside a store in New York, November 18, 2009. REUTERS/Shannon StapletonReuters - U.S. chocolate maker Hershey Co is considering launching a bid of at least $17 billion for British chocolatier Cadbury Plc as it seeks to trump a hostile offer by Kraft Foods Inc, a source familiar with the matter said on Friday.


Author: "--" Tags: "business"
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Date: Friday, 20 Nov 2009 22:59
AP - The New Hampshire attorney general's office wants to force a mortgage company that closed suddenly into bankruptcy.
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Date: Friday, 20 Nov 2009 22:21
NewsFactor - In what may remind many consumers of the Amazon Kindle's early days, Barnes & Noble expects shipments of its nook e-book reader to be delayed. On Friday, the giant book retailer said it has sold out its first batch of nooks amid high demand -- and new shipments won't be available until after the holiday shopping season ends.
Author: "--" Tags: "technology"
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Date: Friday, 20 Nov 2009 20:07
AP - The three major credit ratings agencies gave mortgage-backed securities unjustifiably high ratings in return for lucrative fees, losing at least $457 million for five Ohio public employee pension and retirement funds, the state's attorney general alleged in a lawsuit filed Friday.
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Date: Friday, 20 Nov 2009 19:08
Reuters - NYSE Euronext , LCH.Clearnet, BATS Global Markets and other firms partnered with banks have urged two U.S. legislators to drop a proposed "rigid" cap on dealer ownership of clearinghouses, according to a letter sent this week.
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Date: Friday, 20 Nov 2009 05:44
Reuters - Some of Goldman Sachs Group Inc's largest shareholders have asked the company to cut the size of its bonus pool and pass along more of its profits to investors, the Wall Street Journal reported, citing people familiar with the situation.
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Date: Friday, 20 Nov 2009 05:36
Reuters - Supermarket mogul Ron Burkle and his investment arm, Yucaipa, have purchased a large amount of U.S. luxury retail chain Barneys New York's debt, the Wall Street Journal said, citing people familiar with the matter.
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Date: Friday, 20 Nov 2009 05:34

A company logo of Dell is seen on the cover of its laptop at a Dell outlet in Hong Kong October October 21, 2009. REUTERS/Bobby YipReuters - Dell , the world's No.3 PC brand, said on Friday that its core business of selling computers to companies was returning, after a sharp drop-off during the global downturn led to disappointing quarterly results.


Author: "--" Tags: "business"
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Date: Friday, 20 Nov 2009 04:00

Traders work on the floor at the New York Stock Exchange in New York, Thursday, Nov. 19, 2009.(AP Photo/Seth Wenig)Reuters - Asian shares fell on Friday and the dollar firmed as investors took profits on riskier assets after U.S. data raised fears that a global economic recovery could lose momentum.


Author: "--" Tags: "business"
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Date: Friday, 20 Nov 2009 03:55
Reuters - General Electric and Vivendi are at least $1 billion apart in their valuation of the French group's stake in NBC Universal, the Financial Times said on Thursday.
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Date: Friday, 20 Nov 2009 01:53

FILE - In this Aug. 20, 2004 file photo, shopppers stroll through Faneuil Hall Marketplace, in Boston. Mall operator General Growth Properties Inc., which filed the largest U.S. real estate bankruptcy case in history earlier this year, on Thursday, Nov. 19, 2009 said its lenders have agreed to restructure some $8.9 billion in shopping mall mortgage loans. (AP Photo/Michael Dwyer, File)AP - Mall operator General Growth Properties Inc., which filed the largest U.S. real estate bankruptcy case in history earlier this year, said Thursday its lenders have agreed to restructure some $8.9 billion in shopping mall mortgage loans.


Author: "--" Tags: "business"
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Date: Thursday, 19 Nov 2009 23:52

FILE - In this Aug. 19, 2009 file photo, a shopper leaves a Gap store in Palo Alto, Calif. Gap Inc. releases quarterly earnings at the close of the market Thursday, Nov. 19, 2009.(AP Photo/Paul Sakuma, File)AP - Shoppers spent more money at low-price Old Navy stores in the third quarter, helping Gap Inc.'s profit climb 25 percent compared with last year, the retailer said Thursday.


Author: "--" Tags: "business"
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Date: Thursday, 19 Nov 2009 23:07
AP - America's first casino to open outside Nevada got permission Thursday to hand itself over to its lenders because it can't pay the mortgage.
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Date: Thursday, 19 Nov 2009 17:54

The FTSE 100 slipped on Thursday amid renewed concern about the strength of recovery from the worst global economic crisis in decades after some mixed data and forecasts.(AFP/File/Shaun Curry)AFP - The FTSE 100 slipped on Thursday amid renewed concern about the strength of recovery from the worst global economic crisis in decades after some mixed data and forecasts.


Author: "--" Tags: "world"
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Date: Wednesday, 18 Nov 2009 23:22

General Motors Headquarters is seen along the Detroit river in Detroit, Michigan November 3, 2009. REUTERS/Rebecca CookReuters - General Motors should focus on making money and repaying U.S. Treasury loans before turning to public markets to sell the taxpayer's stake in the automaker, a senior government official said.


Author: "--" Tags: "business"
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Date: Wednesday, 18 Nov 2009 23:12

A worker stacks bars of chocolate at Cadbury World in Birmingham, central England, October 7, 2008. REUTERS/Darren StaplesReuters - Italy's Ferrero and U.S.-based Hershey Co are considering a bid for chocolatier Cadbury Plc , but Kraft Foods Inc is still seen as the front-runner with its $16.8 billion hostile offer.


Author: "--" Tags: "business"
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