Reuters – The International Monetary Fund will give Pakistan $450 million in emergency flood aid and disburse funds in September to help the country’s economy cope with the devastation, the head of the IMF said on Thursday.
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 CBC.ca |
From Apple, a Step Into Social Media for Music
New York Times SAN FRANCISCO — Apple jumped into the social networking business on Wednesday, introducing Ping, a service built into iTunes that is intended to help users discover new music and, presumably, buy more songs from Apple. … Apple to offer 99-cent TV show rentals on revamped box Biz Break: For Apple's iPod, 'biggest change' ever; plus: new… New iPods vs. Old: Specs, Design Reveal Big Improvements |
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Reuters – Amazon.com Inc has approached media companies with a proposal for a subscription service that gives users unlimited access to some television shows and movies over the Internet in a bid to rival Netflix Inc, two people familiar with the talks said on Tuesday.
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AP – Fiat is coming back to the U.S. after a 30-year absence, and now Chrysler Group dealers have to decide whether they want to sell the Italian brand that initially will offer just one model, the tiny Fiat 500.
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Reuters – Global miner BHP Billiton could look to divest the nitrogen and phosphates business of fertilizer maker Potash Corp if its $39 billion bid goes through, the company has told analysts.
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A company owned by Microsoft co-founder Paul Allen has blasted Apple, Facebook, Google, YouTube, Yahoo and others with a patent infringement lawsuit filed in a US court.
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Reuters – California lawmakers will vote on rival plans for closing a $19 billion deficit and balancing the state’s budget on Tuesday, the last day of their legislative session, aides said on Friday.
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AP – Japan says its consumer prices fell for the 17th straight month in July, as deflation kept a tight grip on the economy.
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Google takes on Skype by offering free and cheap calls from its free web-based email service, Gmail.
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TOKYO (Reuters) – Japan’s Ministry of Finance may consider unilateral yen-selling market intervention if speculators drive up the currency, the Nikkei newspaper reported, after failed attempts to verbally curb sharp yen gains.
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Reuters – Japan’s Ministry of Finance may consider unilateral yen-selling market intervention if speculators drive up the currency, the Nikkei newspaper reported, after failed attempts to verbally curb sharp yen gains.
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 Telegraph.co.uk |
Japan's Government Bonds May Rise as Stronger Yen Spurs Easing Speculation
Bloomberg Japanese bonds may rise for a second day after the yen's surge to a 15-year high boosted speculation the central bank will ease monetary policy. Benchmark 10-year yields are likely to seek a … Japan may mull solo yen-selling intervention -Nikkei Yen jumps to 15-year high against the dollar, helped by safe-haven bids FOREX-Yen storms ahead, euro hit by Ireland downgrade |
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WASHINGTON (Reuters) – Sales of previously owned U.S. homes took a record plunge in July to their slowest pace in 15 years, underlining the housing market’s struggle to find its footing without government aid.
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 Washington Post |
Jeep fuel tanks targeted in probe
Los Angeles Times Federal officials launch an investigation of possible defects in the Grand Cherokee that could cause leaks and fires in rear-end crashes. By Nathan Olivarez-Giles, Los Angeles Times Federal safety officials have launched an investigation into reports … US probes old Jeep Grand Cherokees for fire risk NHTSA investigates gas tank fire risk for 1993-2004 Jeep Grand Cherokee Summary Box: Feds Probe Jeep Grand Cherokee |
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 CBS News |
Stimulus Added Millions of Jobs in Q2
ABC News WASHINGTON (Reuters) – The massive US stimulus package put millions of people to work and boosted national output by hundreds of billions of dollars in the second quarter, the nonpartisan Congressional Budget Office said on Tuesday. … Stimulus Boosted Jobs in 2nd Quarter, CBO Says US stimulus boosted growth by up to 4.5% CBO says stimulus may have added 3.3 million jobs |
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