Reuters – American International Group Inc is leaning toward a new sale of its Taiwan unit, according to one of the original buyers, opening the way for a number of Taiwanese banks who have expressed interest.
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AP – An imam who has become the public face of a proposed Islamic community center and mosque near ground zero has returned to the United States following a taxpayer-funded tour of the Middle East, his wife said Monday.
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The Reserve Bank has surprised no one with its decision to keep interest rates on hold for the fourth straight month.
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AFP – The Roma minority are targets of a security crackdown in France, but an EU-funded project has given two dozen members of the community new jobs and new hope at a troubled time for gypsies.
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 Moneycontrol.com |
Obama seeks massive tax break for business
Los Angeles Times Companies could save $200 billion by writing off capital investment. The president also announces a $50-billion spending plan for roads, runways and railroads. By Kathleen Hennessey and Don Lee, Tribune Washington Bureau President Obama this week will … Obama to Propose Tax Write-Off for Capital Investments Obama to Propose Massive Tax Breaks for Businesses to Invest in Growth Obama pitches new plan for roads, runways and rail lines |
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BOJ says to take timely action, keeps rates on hold
Reuters TOKYO, Sept 7 (Reuters) – The Bank of Japan held off on loosening monetary policy further on Tuesday but said it will take timely action when necessary, setting the stage for possible easing next month when there is clearer evidence of … Japan Central Bank Keeps Key Interest Rate Steady Bank of Japan Keeps Credit Program at 30 Trillion Yen, Holds Rate at 0.1% Ozawa's Chances in Japan Election 'Severe,' Key Supporter Says |
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A union representing train drivers in Perth says it hopes its members do not take any further industrial action until their claim for a pay rise has been assessed.
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 Town Hall |
Air Products Increases Its Airgas Takeover Bid to $5.5 Billion
BusinessWeek Sept. 7 (Bloomberg) — Air Products & Chemicals Inc. boosted a hostile takeover bid for Airgas Inc. by 3 percent to $5.5 billion and said it will walk away unless shareholders of the target company support its proposals at a meeting … Air Products raises offer for Airgas to $5.5 bln Air Products Raises Airgas Offer to $65.50 a Share Airgas Board To Review $65.50 Per Share Bid By Air Products – Quick Facts |
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Billionaire investor and philanthropist George Soros will help an advocacy group that investigates human rights abuses around the world.
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US non-farm payrolls (employment) fell by 54,000 in August, far better than expectations for a 110,000 decline in jobs. Estimates of job losses in June and July were also revised down.
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U.S. stocks climbed Friday, with J.P. Morgan Chase, Caterpillar and International Business Machines leading the charge as a better than expected jobs report for August helped the market snap a three week losing streak.
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 The Guardian |
Oracle hires former HP's Hurd, Phillips leaves
Reuters NEW YORK, Sept 6 (Reuters) – Silicon Valley technology giant Oracle Corp (ORCL.O) has hired Mark Hurd, the former chief executive of Hewlett-Packard Co (HPQ.N) who resigned amid a scandal, as president. … Ousted Hewlett-Packard CEO gets job at Oracle Mark Hurd Joins Oracle After Leaving HP; Phillips Resigns Former HP exec Mark Hurd hired as Oracle co-president |
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The resurgence in the Aussie dollar continued on Friday night with the unwinding of risk trades persisting following the release of the U.S employment report.
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 Reuters India |
Greece's Papandreou Changes Government Ministers in Reshuffle
BusinessWeek Sept. 7 (Bloomberg) — Greek Prime Minister George Papandreou changed ministers in his government early on Tuesday, the first major reshuffle since he took power in October. Finance Minister George Papaconstantinou retained his post. … Greek PM reshuffles cabinet, stays fiscal course Greek Leader Reshuffles Cabinet Greek government reshuffle to speed up revival |
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 Moneycontrol.com |
Most Asian Stocks Fall, led by Japanese Automakers; Steel Producers Climb
Bloomberg Posco, the world's third-biggest steelmaker, climbed 4.7 percent in Seoul on speculation Obama's plan will boost demand for the material and after Chinese steel prices jumped. … RPT-GLOBAL MARKETS-Asia stocks near 1-mth high; euro dips Asian stocks down, but recovery worries are easing Asian shares higher on US jobs data |
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