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South Korean inflation accelerated more than forecast in January, breaching the central bank’s 4 percent ceiling and adding to the case for another increase in borrowing costs as early as next week.
The consumer-price index rose 4.1 percent from a year earlier, after gaining 3.5 percent in December, Statistics Korea said today in Gwacheon, south […]
U.S. Treasury Secretary Timothy F. Geithner said the Obama administration will continue to press China to allow the yuan to rise so that companies around the world can compete fairly.
“We think they should move faster,” Geithner said in a radio interview with National Public Radio’s “All Things Considered” program broadcast today. He said a […]
A Delaware bankruptcy judge has rejected Washington Mutual Inc.’s reorganization plan. The judge says the protection from future liabilities that it gives to the bank holding company’s former executives is too broad.
Judge Mary Walrath said the reorganization plan is reasonable in the way it calls for dividing up the company’s disputed assets. Doling out those […]
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Indian mergers and acquisitions in 2011 may surpass this year’s record $71 billion of deals, led by oil and gas, metals and mining companies, according to M&A bankers including Topsy Mathew of Standard Chartered Plc.
Billionaire Sunil Mittal’s $10.7 billion acquisition of mobile-phone operators in Africa led an almost four-fold increase in takeovers this year […]
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A small drop in unemployment claims and a higher profit forecast by FedEx Corp. helped push stocks up Thursday. The Dow Jones industrial average and the Standard & Poor’s 500 index closed at their highest levels of the year.
The Labor Department said first-time claims for unemployment benefits fell last week to 420,000, the third drop […]
This season Twitter may be delivering the most coveted holiday gift of all: jobs.
National chains are tweeting about job opportunities as the holiday hiring season kicks into high gear. On Wednesday, shipping company UPS tweeted "UPS Peak 2010 season has started. Please tell your friends @UPSjobs hiring Temp & Part-time jobs right now across […]
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U.S. relief organizations have raised $1.3 billion in donations over the six months since an earthquake devastated Haiti, according to a philanthropy expert.
While much of the money is yet to be spent, even more will be needed to rebuild the battered nation.
The donations have been enough to provide basic necessities such as food and […]
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Shares of State Street soared to end almost 10% higher Wednesday after the custody bank said its quarterly earnings would easily beat forecasts.
Before the market opened Wednesday, State Street (STT, Fortune 500) said it expected second-quarter earnings to be 93 cents a share on $2.2 billion in revenue.
That estimate easily topped analysts’ average […]
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After months of negotiation and debate, far-reaching legislation to overhaul the rules of Wall Street failed a key test vote in the Senate on Wednesday, casting a shadow over Democratic efforts to push the effort forward.
The measure aims to stop bailouts, shine a light on complex financial products and strengthen consumer protection.
The vote was […]
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Kinder Morgan Energy Partners LP and Copano Energy LLC have formed a joint venture to provide gathering, transportation and processing services to natural gas producers in the Eagle Ford Shale resource play in South Texas.
The 50-50 joint venture, named Eagle Ford Gathering LLC, was first announced by the two companies last November.
Citing a “high level […]
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