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BankAtlantic Bancorp on Friday filed a prospectus with the Securities and Exchange Commission to raise up to $75 million through a stock offering.
The Fort Lauderdale-based banking company (NYSE: BBX) said it would use the money – should it decide to proceed with the offering – to repurchase its debt at a discount. In January, BankAtlantic […]

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Japan’s consumer prices fell at a near record pace in October, reinforcing the government’s concern that deflation will hamper the economy’s recovery from its worst postwar recession.
Prices excluding fresh food slid 2.2 percent from a year earlier after dropping a 2.3 percent in September, the statistics bureau said today in Tokyo. That matched […]

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EADS unveiled a 77 percent drop in third-quarter core earnings on Monday, as it battled a downturn in civil aviation and damaging delays to its A400M program.
Europe’s largest aerospace group said earnings before interest and tax (EBIT), or operating income before impairments and certain exceptional items, fell to 201 million euros.
Analysts polled by Reuters […]

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The court-appointed trustee liquidating Bernard Madoff’s business filed a $199 million lawsuit against four of his family members on Friday.
The trustee, Irving Picard, is suing: Madoff’s brother, Peter, who was the investment securities firm’s chief compliance officer; two sons, Andrew and Mark, who served as co-directors of trading; and niece, Shana, who was the […]

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— $744 million of revenue in fiscal 2008
— Sales in 156 countries
— Over 20 percent global market share
— Seed production in 23 countries — 60 breeding stations around the world
— 3,000 employees

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"Don’t copy, don’t copy that floppy!"
The tech literati will remember that jingle from the uber campy — and funny — 1992 anti-piracy video "Don’t Copy That Floppy." With the techno music and 80s-era style, the video was definitely needed a makeover for the iTunes era.
On Wednesday, the Software & Information Industry Assocation released its […]

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Chinatrust Financial said on Monday it was planning to raise more cash on top of a $1.34 billion private placement announced on Friday, but declined to comment on reports it had outbid rivals for AIG’s Taiwan unit.
A source with direct knowledge of the deal told Reuters on Saturday that Chinatrust offered a larger-than-expected $2.4 […]

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Most small businesses are having trouble finding loans and credit lines these days, but auto dealers are in their own special financing hell. Their inventory is expensive, their industry is in shambles, and their largest lenders are in tatters.
Recognizing that dealers need help, the Small Business Administration began rolling out new programs tailored for […]

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The U.S. economy took a first step toward recovering from the worst recession since the 1930s in the second quarter as companies reduced inventories, spending started to climb and profits grew.
Gross domestic product shrank at a 1 percent annual rate from April to June, less than the 1.5 percent decline projected by […]

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Private equity wipeouts are coming thick and fast.
The imminent bankruptcy of Reader’s Digest will evaporate the $585 million invested by Ripplewood Holdings and its partners in the magazine publisher. Hollywood studio Metro-Goldwyn-Mayer just reshuffled its management amid concerns it could be the next big buyout in the queue for a Chapter 11 filing.
Private equity […]

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