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Archives for July, 2010


BP may sell German gas stations for $2.6 billion: report

VIENNA (Reuters) – BP Plc is seeking to sell its German petrol station chain Aral for around 2 billion euros ($2.6 billion), German magazine Wirtschaftswoche reported on Saturday, citing investment bankers familiar with BP’s plans.

http://www.reuters.com/

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Eurazeo in exclusive B&B Hotels talks with Carlyle

PARIS (Reuters) – French financial holding firm Eurazeo said on Saturday it is in exclusive talks to sell its B&B Hotels chain to U.S. private equity firm the Carlyle Group.

http://www.reuters.com/

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Wall Street marks best month in a year in July

NEW YORK (Reuters) – U.S. stocks closed little changed on Friday, but Wall Street wrapped up its best month in a year after the earnings season rounded the final turn with a group of strong results that offset the impact of poor economic data.

http://www.reuters.com/

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Jobs data, earnings latest test for stocks

NEW YORK (Reuters) – U.S. stocks are unlikely to break above a key technical level next week unless monthly jobs data and consumer company results paint a more promising picture of the recovery.

http://www.reuters.com/

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Bernanke recouped personal losses in 2009

WASHINGTON (Reuters) – Federal Reserve Chairman Ben Bernanke’s personal finances recovered in 2009, disclosure forms released by the central bank on Friday showed.

http://www.reuters.com/

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Imports slow second-quarter growth

WASHINGTON (Reuters) – Economic growth slowed in the second quarter as companies invested heavily in equipment from abroad and the pace of consumer spending eased, raising concerns about the recovery in the rest of 2010.

http://www.reuters.com/

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Wall Street marks best month in a year in July

NEW YORK (Reuters) – U.S. stocks closed little changed on Friday, but Wall Street wrapped up its best month in a year after the earnings season rounded the final turn with a group of strong results that offset the impact of poor economic data.

http://www.reuters.com/

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Delta’s Northwest pleading guilty to price fixing

WASHINGTON (Reuters) – Northwest Airlines, now a part of Delta Air Lines, has agreed to plead guilty to conspiring to fix the prices of air cargo, the U.S. Justice Department said on Friday.

http://www.reuters.com/

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Jesup & Lamont files for bankruptcy

NEW YORK (Reuters) – Jesup & Lamont Inc, a 133-year-old brokerage, filed for Chapter 11 bankruptcy on Friday in Manhattan, a month after it was shut down by regulators for failing to have enough capital.

http://www.reuters.com/

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Emboldened RIM readies new touchscreen BlackBerry

OTTAWA (Reuters) – Research In Motion is not known for its dramatic flair. Like the BlackBerry itself, with its renowned email security, the Canadian smartphone maker seems to put function before form.

http://www.reuters.com/

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