Allstate swings to profit, catastrophe losses dip
NEW YORK -- A milder hurricane season this year helped Allstate Corp. turn a third-quarter profit as its losses for storms and other catastrophes dropped sharply.
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Allstate swings to profit, catastrophe losses dip
Stocks give up gains in last hour, finish mixed
NEW YORK -- A late-day slump left stocks mixed Wednesday as investors couldn't hold on to their optimism after the Federal Reserve gave an encouraging assessment of the economy.
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Stocks give up gains in last hour, finish mixed
Tins out as Roses come dressed in cardboard
A family Christmas without a tin of Cadbury’s Roses is almost as unthinkable as going without mince pies or crackers. But nothing, it seems, is sacred in these straitened times and this year the famous tins will be replaced with recycled cardboard boxes.
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Tins out as Roses come dressed in cardboard
Clarification
Because of a major computer failure last Friday evening, a report in Saturday’s printed editions ("Bonuses for lawyers who seize criminal assets 'threaten to undermine justice'") did not include a statement from the Crown Prosecution Service in which...
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Clarification
Fox News Takes Tuesday Night
On an off-year election night, the Fox News Channel saw large gains in viewership, Nielsen ratings showed.
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Fox News Takes Tuesday Night
JPMorgan to Pay $75 Million in Alabama Case
The Securities and Exchange Commission said that JPMorgan Chase had agreed to pay $75 million and forfeit $647 million in termination fees to settle civil charges that its securities firm had engaged in an "unlawful payment scheme" in Jefferson County.
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JPMorgan to Pay $75 Million in Alabama Case
TD chief distances bank from greenhouse-gas report
The top boss at TD Bank Financial Group distanced his company Wednesday from a controversial report, funded by the bank, which estimates the economic cost of meeting federal government's greenhouse-gas reduction target for 2020.
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TD chief distances bank from greenhouse-gas report
She shall not be moved: ICI boss and estranged wife in divorce battle over ?14m house
Charles Miller Smith, 69, and second wife Debjani, 44, lived at the ?14 million 'super prime' property for just five months before he moved out citing difficulties in their marriage, a court heard.
Revenue and Profit Declines at Time Warner
Earning per share topped analysts’ forecast, despite poor results at the media conglomerate’s AOL and Time Inc units.
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Revenue and Profit Declines at Time Warner
Government overcharged Rock ?445million
The government will have to pay back ?445million to Northern Rock after charging the bank too much interest on loans it gave to rescue the group.
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Government overcharged Rock ?445million
U.S. Central Bank to keep interest rates low
The U.S. Central Bank last night announced it would be keeping its low interest rate and easy money policy in place for the time being.
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U.S. Central Bank to keep interest rates low
Wall Street rally fades late after Fed; Cisco up late
NEW YORK (Reuters) - U.S. stocks rallied but lost steam
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Wall Street rally fades late after Fed; Cisco up late
FAA chief: Pilots must refocus on professionalism
WASHINGTON -- The Northwest Airlines pilots who overshot Minneapolis are part of a larger problem - eroding professionalism among commercial airline pilots, Federal Aviation Administration Administrator Randy Babbitt said Wednesday.
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FAA chief: Pilots must refocus on professionalism
Lord Myners warns over EC power grab
Treasury minister Lord Myners yesterday told MPs that the European Commission is over-reaching itself as it draws up plans for pan-European financial regulation.
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Lord Myners warns over EC power grab
Fed again pledges to hold rates at record-lows
WASHINGTON -- The Federal Reserve pledged Wednesday to keep a key interest rate at a record low for an "extended period," signaling that the weak economy remains dependent on government help to grow.
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Fed again pledges to hold rates at record-lows
Montek Singh pitches for financial reforms
Opening up of the pension sector, a major pending legislation
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Montek Singh pitches for financial reforms
FDI in multibrand retailing ruled out
NEW DELHI: Union Commerce and Industry Minister Anand Sharma on Wednesday said there was no plan to effect any further changes or liberalise foreign direct investment (FDI) norms and ruled out FDI into the multi-brand retail sector retaining ...
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FDI in multibrand retailing ruled out
Farm sector will grow by 1.5 p.c., says Pawar
NEW DELHI: Despite a projected shortfall of 21 million tonnes in kharif production this year, Union Agriculture and Food Minister Sharad Pawar is confident that the agriculture sector will post a growth rate of under two per ...
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Farm sector will grow by 1.5 p.c., says Pawar
PNB sets up joint venture with FIM Bank of Malta
Punjab National Bank on Wednesday said it had entered into an agreement with FIM Bank of Malta and Italy-based Banca IFIC for setting up a joint venture for providing factoring, forfeiting and trade finance related ...
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PNB sets up joint venture with FIM Bank of Malta
Govt criticizes Toyota press release on floor mats
WASHINGTON -- Toyota Motor Corp. released misleading information about an investigation into problems with stuck gas pedals that led to a massive Toyota recall, the government said Wednesday, stressing the issue is still under review by federal safety...
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Govt criticizes Toyota press release on floor mats
Details on health care bills in House, Senate
WASHINGTON -- House Democratic leaders have presented a new health overhaul bill that melds legislation passed by three committees over the summer. And House Republicans have unveiled their own alternative, after months of criticizing the Democrats' approach.
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Details on health care bills in House, Senate
Business e-banking and the 6-figure password
On Monday, Security Fix featured the story of Ronnie Cutshall, a Tennessee man who was caught up in an international money laundering scam after being recruited through a work-at-home job offer. That story mentioned that Cutshall received a $9,600 transfer...
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Business e-banking and the 6-figure password
PATH developer willing to delay line consideration
CHARLESTON, W.Va. -- The developers of a multistate power line project said Wednesday they are willing to delay a regulatory decision on their $1.9 billion project until January 2011 to make the three-state review process more efficient.
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PATH developer willing to delay line consideration
News Corp net profit rises by 11pc
MEDIA company says it is well placed to take advantage of improving global conditions.
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News Corp net profit rises by 11pc
News Corp net profit rises by 11pc
NEWS Corporation says its operations are "well placed" to take advantage of improving global conditions.
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News Corp net profit rises by 11pc
News Corp net profit rises by 11pc
MEDIA company says it is well placed to take advantage of improving global conditions.
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News Corp net profit rises by 11pc
News Corp net profit rises by 11pc
Net profit up by 11 per cent in first quarter "Exceptionally strong" results: Murdoch Says News is well placed for upswing
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News Corp net profit rises by 11pc
GMAC posts Q3 loss, hurt by mortgage unit
NEW YORK (Reuters) - GMAC Financial Services, a lender that has received $12.5 billion in government bailouts, posted a third straight quarterly loss on Wednesday, hurt by red ink in its mortgage business.
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GMAC posts Q3 loss, hurt by mortgage unit
Profit is not satanic, says Barclays boss
In an extraordinary address, Barclays chief executive John Varley said banks are the ‘backbone’ of the economy and paying out bonuses is compatible with Christianity.
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Profit is not satanic, says Barclays boss
Stocks rally stalls late after Fed statement
NEW YORK (Reuters) - U.S. stocks mostly eked out a gain on Wednesday, giving back a big slice of the day's advance after the Federal Reserve reiterated its intent to keep rates low, but gave investors few new reasons to boost holdings.
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Stocks rally stalls late after Fed statement
Bonus rules won't halt RBS cash payouts
Hundreds of Royal Bank of Scotland's top traders could walk away with huge cash bonuses next summer, despite the bank's promise to only pay rewards in shares.
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Bonus rules won't halt RBS cash payouts
GM plans 10,000 job cuts at Opel
GENERAL Motors said overnight it wanted to cut around 10,000 jobs at its European division Opel a day after the US car maker stunned the auto sector by scrapping plans to sell the German-based unit.
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GM plans 10,000 job cuts at Opel
Earnings schedule for week of 11/09/09
-- Major companies tentatively scheduled to report quarterly earnings next week:
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Earnings schedule for week of 11/09/09
Chrysler puts motorsports program under review
CHICAGO (Reuters) - Chrysler has put its motorsports program, which includes NASCAR, under review as part of a restructuring announced on Wednesday, but does not plan to cut spending at this time.
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Chrysler puts motorsports program under review
Bank of America general counsel was 'not registered' to practise
Beseiged Bank of America is in further hot water after it emerged the man Ken Lewis chose to act as the bank's general counsel in the month it completed its controversial acquisition of Merrill Lynch was not fully registered to practise law at the time...
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Bank of America general counsel was 'not registered' to practise
House votes to accelerate credit card rules
WASHINGTON -- The House voted on Wednesday to accelerate the enactment date of tough new rules for credit card companies after voters complained of a rise in interest rates and steep new fees.
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House votes to accelerate credit card rules
UK is 'skint' says Marks & Spencer's Sir Stuart Rose
The UK is "skint" and the next Government could be forced to raise VAT beyond 17.5pc as it sets about "refilling the coffers" Sir Stuart Rose has warned.
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UK is 'skint' says Marks & Spencer's Sir Stuart Rose
Vauxhall workers are advised to put the celebrations on hold
The delighted response of the Unite trade union here to GM's decision not to sell its Opel and Vauxhall European operations is premature to say the least.
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Vauxhall workers are advised to put the celebrations on hold
The language is different at M&S
A year ago Sir Stuart Rose was talking to me as much about balance sheet strength and secure funding lines all underpinned by a portfolio of freehold property assets as sales of clothes and food.
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The language is different at M&S
Results show Kraft needs chocolate fix
Irene Rosenfeld the Kraft chief executive has had the rationale for her takeover proposal for Cadbury fully vindicated. Her thirdquarter results on Tuesday night provided all the evidence she needed to convince her own sceptical shareholders.
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Results show Kraft needs chocolate fix
Mandelson to financially support GM's Vauxhall plans
Lord Mandelson has indicated to General Motors that he is ready to provide financial support for its restructuring of Vauxhall and Opel after emergency talks with the boss of the American car maker.
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Mandelson to financially support GM's Vauxhall plans
US to reduce Quantitative Easing as rates kept low
The Federal Reserve reiterated its desire to keep American interest rates "exceptionally low" for an extended period but gradually reduce some of its quantitative easing as the US economy begins to recover.
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US to reduce Quantitative Easing as rates kept low
Dollar up as US rates stay on hold
THE dollar opened higher today, as investors fled the safe-haven US dollar after the US Federal Reserve opted to keep its target interest rate on hold.
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Dollar up as US rates stay on hold
RBS bankers threaten exodus over bonus policy
Senior managers at the Royal Bank of Scotland are scrambling to prevent widespread resignations over the bank's stringent bonus policy.
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RBS bankers threaten exodus over bonus policy
Fed keeps US interest rates at zero
• Extraordinary measures to remain for 'extended period' • G20 to discuss withdrawal of taxpayer support The Federal Reserve tonight reaffirmed its pledge to keep interest rates at their unprecedented low for an "extended period" as the US economy clambers...
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Fed keeps US interest rates at zero
Vauxhall safer with GM at the wheel
Totally unacceptable, said Germany's economic minister about the General Motors decision to scrap the sale of its European car business. Totally understandable is nearer the mark. The deal to sell Opel and Vauxhall to Magna, a Canadian car parts supplier...
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Vauxhall safer with GM at the wheel
Markets close up as Fed pledges low rates
The Toronto stock market closed slightly higher, losing most of the day's gains in the final minutes of trading despite the U.S. Federal Reserve vowing to keep interest rates near zero for an extended period to encourage a fragile recovery.
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Markets close up as Fed pledges low rates
Quintain Estates in ?180m cash call
The property company redeveloping the area around Wembley Arena will on Thursday launch a ?180m rights issue.
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Quintain Estates in ?180m cash call
Vauxhall's 'happy ending' could turn into a tragedy
GM's decision to keep its European operations has sparked a row that could run writes Graham Ruddick
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Vauxhall's 'happy ending' could turn into a tragedy
QC denies 'racial culture' in chambers
• Indian-born barrister is suing for discrimination • Boss said concerns about her work were genuine A senior barrister accused of racially discriminating against an Asian colleague has denied a "racial culture" existed within his chambers. Aisha Bijlani,...
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QC denies 'racial culture' in chambers
A look at the past 3 Fed statements on economy
-- A look at the evolution of the Federal Reserve's statements on the economy from its three most recent meetings:
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A look at the past 3 Fed statements on economy
Fed again pledges to hold rates at record-lows
WASHINGTON -- With the recession apparently over, the Federal Reserve on Wednesday held a key interest rate at a record low and again pledged to keep it there for an "extended period" to foster the fragile economic recovery.
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Fed again pledges to hold rates at record-lows
Fed again pledges to hold rates at record-lows
WASHINGTON -- With the recession apparently over, the Federal Reserve on Wednesday held a key interest rate at a record low and again pledged to keep it there for an "extended period" to foster the fragile economic recovery.
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Fed again pledges to hold rates at record-lows
Fed again pledges to hold rates at record-lows
WASHINGTON -- With the recession apparently over, the Federal Reserve on Wednesday held a key interest rate at a record low and again pledged to keep it there for an "extended period" to foster the fragile economic recovery.
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Fed again pledges to hold rates at record-lows
Lord Burns to be named Channel 4 chairman
Lord Burns will officially be named as chairman of Channel 4 before the end of the week. The former Treasury Secretary who is nicknamed "Lord Fixit" and "Teflon Terry" is expected to replace incumbent Luke Johnson before the end of the year.
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Lord Burns to be named Channel 4 chairman
Nils Pratley: Cadbury's chances of survival improve
Even on the eve of battle, the big mystery remains: why did Kraft chose this moment to pursue Cadbury? Kraft's third-quarter results were, depending on your point of view, underwhelming or solid. Either way, Kraft's share price fell and is stuck where...
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Nils Pratley: Cadbury's chances of survival improve
Businesses urge Gordon Brown: 'Tell Lord Sugar he's fired'
The Prime Minister threw his weight behind Lord Sugar after small business leaders demanded the resignation of Government's socalled Enterprise Czar following comments that struggling businesses were "moaners" living in "Disney World."
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Businesses urge Gordon Brown: 'Tell Lord Sugar he's fired'
GM plans to cut 10,000 Opel jobs
General Motors confirms that it plans to cut 10,000 jobs across European car unit Opel, including Vauxhall.
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GM plans to cut 10,000 Opel jobs
GM plans to cut 10,000 Opel jobs
General Motors confirms that it plans to cut 10,000 jobs across European car unit Opel, including Vauxhall.
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GM plans to cut 10,000 Opel jobs
TMobile boss Richard Moat is ready for a juicy role at Orange
Mobile phone chief says he is looking forward to merger of two European telecoms giants.
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TMobile boss Richard Moat is ready for a juicy role at Orange
Marmite and KitKats hit M&S shelves
There were lots of surprises from the high street yesterday. The first was Marks & Spencer's headline-grabbing introduction of branded goods. Kit-Kats, Marmite and PG Tips are on their way. Regard this revolution as an outbreak of common sense. If M&S'...
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Marmite and KitKats hit M&S shelves
The number of homes worth more than ?1million has fallen by a third during the past two years
Millionaires rows have been hit hard by the effects of the credit crunch, with buyers unwilling to pay huge sums for the country's most exclusive properties.
EU state aid condition on RBS costs taxpayer ?3.6bn
One of the tough remedies demanded by European regulators of Royal Bank of Scotland in return for state aid will cost the British taxpayer a potential ?3.6bn.
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EU state aid condition on RBS costs taxpayer ?3.6bn
Fed leaves rates near zero for an 'extended period'
The Federal Reserve left America’s interest rate at close to zero and indicated that there would be no change for at least six months and possibly longer.
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Fed leaves rates near zero for an 'extended period'
Alabama Case Costs JPMorgan Over $700 Million
The Securities and Exchange Commission said Wednesday that JPMorgan Chase had agreed to pay $75 million and forfeit another $647 million in termination fees to settle civil charges that its securities firm had engaged in an "unlawful payment scheme" in...
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Alabama Case Costs JPMorgan Over $700 Million
Montek Singh pitches for financial reforms
Opening up of the pension sector, a major pending legislation
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Montek Singh pitches for financial reforms
FDI in multibrand retailing ruled out
NEW DELHI: Union Commerce and Industry Minister Anand Sharma on Wednesday said there was no plan to effect any further changes or liberalise foreign direct investment (FDI) norms and ruled out FDI into the multi-brand retail sector retaining ...
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FDI in multibrand retailing ruled out
Crude oil output to touch 36.7 m tonnes this fiscal
Cairn’s Rajasthan field’s contribution comes in handy
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Crude oil output to touch 36.7 m tonnes this fiscal
Sensex snaps six-day losses
MUMBAI: The Bombay Stock Exchange sensitive index, Sensex, notched up over 500-point gain on Wednesday, the biggest in more than five months, to snap six days of straight losses, helped by the government’s assertion that stimulus ...
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Sensex snaps six-day losses
Gold touches new high
NEW DELHI:Gold touched a record high of Rs. 16,800 per 10 gram in the bullion market here amidst reports of massive gold buying by the Reserve Bank from the International Monetary Fund. Marketmen said the rising trend was boosted after ...
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Gold touches new high
Package for plantation industry likely
KOLKATA: The Central Government is considering a package for the tea industry with the objective of providing some relief from the social costs that the industry has to bear, Minister of State for Commerce and Industry Jyotiraditya Scindia ...
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Package for plantation industry likely
SKF India opens global testing centre
BANGALORE: SKF India opened its global testing centre here on Wednesday, offering its facilities to the entire group spread over 110 manufacturing locations across 28 countries. “Despite lower volumes and margins since last year, ...
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SKF India opens global testing centre
E.I.D.–Parry India Q2 profit at Rs. 40 crore
CHENNAI: The turnover of E.I.D.-Parry (India) for the quarter ended September 30, 2009 was Rs. 270.01 crore against Rs. 251.45 crore in the year-ago period. The profit after tax stood at Rs. 40.18 crore (Rs. 611.89 crore). In the corresponding ...
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E.I.D.–Parry India Q2 profit at Rs. 40 crore
IKEA set to expand sourcing base in India
CHENNAI: The Swedish home furnishings company IKEA is signing up new suppliers with efficient, industrialised capacities to meet the big sourcing demand for the company. Besides textiles and carpets, which form a big part of its sourcing in ...
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IKEA set to expand sourcing base in India
Orchid Chemicals reduces losses in Q2
CHENNAI: Pharma major Orchid Chemicals and Pharmaceuticals has reported a lower turnover and operating income of Rs. 314.41 crore for the quarter ended September 30, 2009 in comparison to Rs. 348.45 crore in the year-ago period. During the ...
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Orchid Chemicals reduces losses in Q2
Elgi Equipments recommends interim
Rs. 17.28 crore for the second quarter ended September 30, 2009, against Rs. 12.68 crore in the year-ago period. Net sales and income from operations were Rs. 161.53 crore against Rs. 146.67 crore. The company has announced an interim ...
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Elgi Equipments recommends interim
Hinduja Foundries profit up
CHENNAI: Hinduja Foundries has achieved a turnover of Rs. 100.70 crore for the quarter ended September 30, 2009, as compared to Rs. 119.86 crore in the corresponding period of last year. The profit before tax for the quarter was up by 13 per ...
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Hinduja Foundries profit up
Fed pledges to hold rates at record-low levels
With the recession apparently over, the U.S. Federal Reserve on Wednesday held a key interest rate at a record low and again pledged to keep it there for an "extended period" to foster the fragile economic recovery.
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Fed pledges to hold rates at record-low levels
Afren gains on talk of move into FTSE 250
Afren was in focus amid speculation that the Africafocused oil explorer will join the FTSE 250 index at the next quarterly reshuffle in December.
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Afren gains on talk of move into FTSE 250
FirstGroup backtracks from National Express deal
FirstGroup appeared to rule out any return to the fray for National Express as it posted a 44pc drop in firsthalf profits to ?30.3m pretax and warned it would lose ?100m this year on fuel hedging.
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FirstGroup backtracks from National Express deal
Fed Sees No Need to Raise Rates Soon
The Federal Reserve signaled on Wednesday that it isn’t close to raising interest rates, saying the economy remains weak.
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Fed Sees No Need to Raise Rates Soon
US Fed holds rates
THE US Federal Reserve held its near-zero interest rate policy today and said the economy had "continued to pick up" since September.
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US Fed holds rates
US Federal Reserve holds rates
THE US Federal Reserve held its near-zero interest rate policy today and said the economy had "continued to pick up" since September.
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US Federal Reserve holds rates
GM to axe 10,000 Opel jobs
US carmaker to cut thousands of jobs a day after it announced its decision to keep unit.
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GM to axe 10,000 Opel jobs
GM to axe 10,000 Opel jobs
US carmaker to cut thousands of jobs a day after it announced its decision to keep unit.
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GM to axe 10,000 Opel jobs
FoxBusiness: Fed to Hold Rates at Record-Low Levels
FoxBusiness: Fed to Hold Rates at Record-Low Levels
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FoxBusiness: Fed to Hold Rates at Record-Low Levels
Valley in Washington state prepares for flood
AUBURN, Wash. -- On a sunny fall Saturday, friends and neighbors gathered at Bobby Kendall's place to help him build a 2-foot barrier of sandbags around his suburban Seattle home. Such get-togethers have become a familiar ritual on the block in recent...
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Valley in Washington state prepares for flood
Northern Rock's bad loans jump as it predicts 2009 loss
Problem loans have more than doubled at Northern Rock in the past year.
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Northern Rock's bad loans jump as it predicts 2009 loss
AP IMPACT: Clunker pickups traded for new pickups
WASHINGTON -- The most common deals under the government's $3 billion Cash for Clunkers program, aimed at putting more fuel-efficient cars on the road, replaced old Ford or Chevrolet pickups with new ones that got only marginally better gas mileage, according...
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AP IMPACT: Clunker pickups traded for new pickups
Kraft may offer more cash in bid for Cadbury
Kraft may be forced to increase the cash portion of its bid for Cadbury after reporting disappointing thirdquarter sales which analysts said made the share element of its offer less attractive.
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Kraft may offer more cash in bid for Cadbury
Fed sees rates near zero for extended period
WASHINGTON (Reuters) - The U.S. Federal Reserve on Wednesday expressed growing confidence that an economic recovery was building, even though it stuck to its commitment to keep borrowing costs near zero for "an extended period."
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