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Australia’s economy probably shrank last quarter by the most in two decades as floods inundated coal mines and farmland, a contraction the central bank sees as temporary before growth rebounds in the second half of the year.
First-quarter gross domestic product fell 1.1 percent from the previous three months, the biggest drop since Australia’s last […]
Australia faces a smoking hot battle against big tobacco companies over a plan to remove their last bastion of advertising _ the cigarette pack.
The government wants to replace the distinctive colors of various brands with a uniformly drab, olive green packet for all under legislation to be introduced to Parliament in July. Brand names would […]
Shareholders of Rock-Tenn Co. and Smurfit-Stone Container Corp. on Friday approved a merger just a week after a judge ruled against Smurfit-Stone investors who had tried to block the $3.5 billion deal.
Stockholders of both companies approved the merger by overwhelming margins, the companies said.
Shareholders’ approval completed Rock-Tenn’s purchase of Smurfit-Stone, now a wholly owned subsidiary […]
The uprising against Syrian President Bashar Assad is eviscerating the country’s economy, threatening to hit hard at the business community and prosperous merchant classes, which the embattled regime relies on to help retain its grip on power.
About two months of violent protests around the country have shuttered businesses, driven away tourists and thrust Assad’s regime […]
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Both Walmart and The Home Depot have each pledged $1 million to help with the relief efforts in Joplin in the wake of the devastating tornado.
The big box retailers had stores that were significantly damaged in Sunday night’s storm. And both stores also had fatalities inside them.
“Our store near Rangeline Road was significantly damaged,” Walmart […]
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A South Korean court has begun a trial for five Somali pirates captured during a raid on a hijacked ship in the Arabian Sea.
The five were arrested in January after a team of South Korean commandos raided the seized South Korean-operated cargo ship and killed eight other pirates.
The commandos rescued all 21 crew members, including […]
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Chrysler Group LLC could repay most of its government loans as early as next week after raising $7.5 billion from bank loans and bond sales.
The company said last month that it intended repay the U.S. and Canadian governments during the second quarter. It announced the financial details on Thursday. Chrysler could repay the government as […]
Yamaha Motor Co. is expanding U.S. production of all-terrain vehicles as a weaker dollar and higher transport costs make manufacturing the off-road products in their biggest market more enticing than building in Japan.
The company will announce today plans to make 80 percent of its all-terrain vehicles at its Newnan, Georgia, factory, said Mike Martinez, […]
International Monetary Fund chief Dominique Strauss-Kahn, accused of attempting to rape a hotel housekeeper, was ordered held without bail by a New York judge after prosecutors argued he presented a flight risk.
Strauss-Kahn appeared in Manhattan criminal court today, two days after he was taken into custody aboard an Air France flight at John F. […]
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