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Oil falls to near $82 after 2-day rally
 
AP - Oil prices fell toward $82 a barrel Thursday in Asia, paring two days of gains that were fueled by signs U.S. crude demand may be improving.
UAW OKs severance pact in Calif. plant shutdown
 
AP - The union that represents workers at the New United Motor Manufacturing Inc., known as Nummi, have voted in favor of a proposed severance package for the 4,600 workers about to lose their jobs when the plant closes, according to a United Auto Workers official.
Overseas unions back BA walk-out
 
Support for a planned walk-out by British Airways cabin crew grows, with overseas unions backing the action.
Greggs bakery sees profits rise
 
The UK's largest bakery chain, Greggs, reports an increase in full-year profits and says it is cautiously optimistic for 2010.
Asian stock markets mostly lower, euro falls
 
AP - Asian stock markets were mostly lower Thursday while the euro weakened after Greece said it might seek international assistance to resolve its debt crisis.
IBM denies tax evasion in Japan
 
AFP - IBM Japan on Thursday denied it had evaded taxes after news reports said authorities were probing whether it had failed to declare more than 4.4 billion dollars in income.
Nissan to make Leaf electric cars in Sunderland
 
AFP - Nissan Motor on Thursday said it would start building its zero-emission Leaf electric car at its Sunderland plant from 2013, saving more than 2,000 jobs in one of England's most deprived regions.
Overseas unions back BA strike
 
Support for a planned walk-out by British Airways cabin crew grows, with overseas unions backing the action.
Australia warns China on Rio case
 
Australia's prime minister tells China the world will be watching the trial of Rio Tinto employees, which begins next week.
Ex-boss of Irish bank arrested
 
The former chairman of Anglo Irish Bank is being questioned by Irish police about alleged financial irregularities.
Mortgage lending 'up in February'
 
UK mortgage lending increased in February as the fluctuation in the housing market continues, lenders say.
Secondhand motor dealers shamed
 
A damning verdict on the UK's £24bn secondhand car market is published by the fair trading watchdog.
Co-op boosted by new acquisitions
 
The Co-operative Group reports 'record sales and profits' in 2009, after buying Somerfield and merging with Britannia.
Greek PM: need firmer rescue plan from eurozone
 
AP - Greece's Prime Minister George Papandreou said Thursday his country needs a firmer eurozone bailout plan to lift market pressure on his government and lower its borrowing rates.
Gov't bank auditors got big bonuses
 
AP - Banks weren't the only ones giving big bonuses in the boom years before the worst financial crisis in generations. The government also was handing out millions of dollars to bank regulators, rewarding 'superior' work even as an avalanche of risky mortgages helped create the meltdown.
World stock markets mostly lower as Greece weighs
 
AP - World stock markets fell Thursday and the euro weakened after Greece said it might seek international assistance to resolve its debt crisis.
Nissan to make electric vehicle in Britain
 
AP - Nissan Motor Co. said Thursday it will make its electric vehicle, the Leaf, in England from early 2013 as the automaker gears up for global sales of the zero emission car.
Strikes in Greece over proposed tax law overhaul
 
AP - Greek taxi drivers and many gas station owners are striking against a proposed overhaul of tax laws under the government's efforts to overcome its debt crisis.
Nissan to make Leaf electric cars in Britain
 
AFP - Nissan Motor on Thursday said it would start building its zero-emission Leaf electric car at a plant in Britain from 2013, saving more than 2,000 jobs in one of England's most deprived regions.
U.S. Ambassador Calls China's Currency Stance 'a Real Concern'
 
The American ambassador to China said negotiations in the coming weeks were possible.
Greek Leader Says Deficit Cuts in Jeopardy Without E.U. Support
 
Greece's prime minister warned his European Union partners that he would not be able to make planned deficit cuts unless the country can borrow money more cheaply.
Concerns About Greece Return to the Markets
 
European indexes were mixed as doubts arose that the European Union would give Greece concrete financial support, leaving it to potentially seek help from the International Monetary Fund.
Last-ditch bid to end BA dispute
 
British Airways' boss and the joint leader of the Unite union, Tony Woodley, hold face-to-face talks to avert this weekend's strike.
Siemens announces 4,200 job cuts
 
The industrial giant Siemens says it is cutting more than 10% of its IT workforce, but also promises extra investment.
Erotic cinemagoers must pay full tax, EU court rules
 
A Belgian sex shop owner's attempt to cut the VAT bill for his cinema customers under 'cultural' exemptions has been told by the European Court of Justice that solo viewings are excluded.
Dire straits
 
Life in eurozone's four most debt-laden countries
Judge rejects 'toxic sofa' claims
 
More than 300 customers who suffered chemical burns from leather sofas lose their High Court battle for compensation.
New vow to stop phone 'slamming'
 
New rules come into force aimed at stopping phone companies stealing custom by mis-selling landline deals.
European stocks slip on doubts over Greek rescue
 
AP - World stock markets fell Thursday and the euro weakened on concerns the European Union will not agree to give Greece concrete financial support, leaving it to potentially seek assistance from the International Monetary Fund.
FedEx 3Q profit more than doubles
 
AP - FedEx is indicating the global economic recovery is gaining steam.
Porsche takes top spot in dependability study
 
AP - Porsche shot to the top of a closely watched study of long-term vehicle dependability, overtaking U.S. and Japanese rivals, J.D. Power and Associates said Thursday.
Barnes & Noble makes CEO switch
 
AP - Bookseller Barnes & Noble announced a CEO switch Thursday, elevating the president of its Web site to lead the company and replace Steve Riggio.
Weaving Creative Careers into an MBA Mix
 
BusinessWeek - Last year, as the world economy teetered on the edge of economic abyss, there was a simmering panic in business school circles about where the next set of MBA jobs would come from. The collapse of mighty institutions such as Lehman Brothers, coupled with recruitment freezes across much of the financial sector, seemed to rule out one traditional home for graduates while another preferred industry -- management consultancy -- also looked shaky. Fortunately, while 2009 wasn't the best year for business education, it didn't turn out to be the Armageddon many predicted. ...
Cape Town B-School Embraces Social Entrepreneurship
 
BusinessWeek - Tinashe Chinyanga describes his childhood in Zimbabwe as fairly standard, working in the fields every morning before walking to school in a nearby village. But the rest of his education has been a world away from his village friends: boarding school, then a medical degree, and now the University of Cape Town Graduate School of Business (GSB). Education was his ticket out of an early grave, says 28-year-old Chinyanga. 'Most of my peers have HIV, if they're not already dead.' Chinyanga owes his more fortunate path in part to his father, who was a teacher and pushed him to succeed. ...
Teva Buys German Drug Maker for $5 Billion
 
The acquisition of Ratiopharm catapults Teva, the global leader in generic drugs, from fifth place among German generic players to the No. 2 spot.
Little Change in U.S. Consumer Prices in February
 
The government?s report indicated that there was little sign of inflation, which enables the Federal Reserve to keep the short-term interest rate at a record low.
Shares Struggle Amid New Concerns About Greece
 
European indexes were mixed as doubts arose that the European Union would give Greece concrete financial support, leaving it to potentially seek help from the International Monetary Fund.
Irish Police Said to Arrest Former Head of Bank
 
The arrest was made in connection with an investigation into financial fraud at Anglo Irish bank.
Huge I.P.O. Could Lift Japanese Market
 
Dai-Ichi Mutual Life plans the world?s largest stock market debut since Visa?s listing two years ago, which should provide a welcome boost for the Japanese market.
FedEx Quarterly Profit More Than Doubles
 
The package deliversy company also raised its forecast for full-year earnings on expectations of ?a continued modest recovery in the global economy.?
Erotic filmgoers must pay full tax, EU court rules
 
A Belgian sex shop owner attempting to cut the VAT bill for his film screenings under cultural exemptions is told by the European Court of Justice that solo viewings are excluded.
Lending to business drops sharply
 
UK business lending weakened in January, giving a record annual fall of 9.3%, according to the latest Bank of England survey.
Leading indicators rise more slowly in February
 
AP - A gauge of future economic activity rose 0.1 percent in February, suggesting slow economic growth this summer.
Teva to buy German generic drug maker Ratiopharm
 
AP - Israeli drug maker Teva has beaten out rivals Pfizer and Actavis to acquire German generic drug maker Ratiopharm GmbH — in a deal announced Thursday worth some euro3.6 billion, or nearly $5 billion.
Stocks in narrow range after price, jobs data
 
AP - Stocks are trading in a narrow range Thursday after reports showed inflation remains benign and new claims for unemployment fell last week.
Greece: Will ask for IMF help if EU fails
 
AP - Greece warned Thursday that it will be forced to turn to the International Monetary Fund if the EU can't agree to a bailout plan next week that will help reduce its market borrowing rates.
U.S. Ambassador Calls China?s Currency Stance ?a Real Concern?
 
The American ambassador to China said negotiations in the coming weeks were possible.
Germany Backtracks on Any Euorpean Rescue for Greece
 
The onus for resolving the Greece's financial crisis moved closer to the International Monetary Fund on Thursday, as Berlin distanced itself from any bilateral or European support for the Greek government.
Siemens to Cut 4,200 Jobs From Information Technology Unit
 
Siemens said it wanted to have the conditions in place for its information technology unit to be a standalone operating business by the start of the next fiscal year on Oct. 1.
Democrats Inch Toward Securing Votes for Health Bill
 
A Congressional Budget Office report will show the bill reducing the federal deficit significantly, House Majority Leader Steny H. Hoyer said Thursday.
US consumer prices show no rise
 
US consumer prices showed no increase between January and February, according to Labor Department figures.
Barclaycard confirms job losses
 
Barclaycard confirms its decision to relocate its loan centre in Glasgow, which employs about 350 staff, to other UK sites.
MBNA to stop credit card cheques
 
The biggest issuer of credit card cheques in the UK - MBNA - is to stop issuing them to customers from 31 March.
Cartel Client Review closed down
 
One of the biggest claims management companies, Cartel Client Review, has been shut down by the Ministry of Justice.
Benefit clawback 'must improve'
 
Benefit claimants owe £1.85bn in overpaid money but the government is recovering less than £300m a year, MPs say.
Democrats on track for vote on $940 billion health bill
 
AP - House Democrats are pushing to the brink of passage a landmark, $940 billion health care overhaul bill that would simultaneously deliver on President Barack Obama's promise to expand coverage while slashing the deficit, a strategy aimed at winning over the party's fiscal conservatives.
FedEx sees economic recovery spreading
 
AP - FedEx says the global economic recovery is broadening, as Asia continues to see strong growth and the U.S. economy gains steam.
Winnebago posts surprise quarterly profit
 
Reuters - Winnebago Industries posted its first quarterly profit in nearly two years as sales of its largest and most expensive motorhomes rebounded modestly.
'Natural' for Greece to keep options open: EU aide
 
AFP - The European Commission said on Thursday it was 'natural, logical and prudent' for Greece to keep all options open as Athens considers the possibility of going to the IMF.
Pain in the tank: Gas prices highest since 2008
 
AP - Motorists are paying the highest prices for gas since October 2008. Retail gasoline prices rose on Thursday on an expected increase in demand and as more expensive spring and summer blends of gasoline make their way to the pumps.
Apple director, ex-auto executive York dies
 
AP - Apple Inc. says board member and former auto industry executive Jerome York has died.
Germany Backtracks on Europe Rescue for Greece
 
The onus for resolving Greece?s financial crisis moved closer to the I.M.F., as Berlin distanced itself from any bilateral or European support for the Greek government.
Greenspan Concedes That the Fed Failed to Gauge the Bubble
 
But in his most detailed examination of the causes of the financial crisis, the former Fed chairman says the policy of low interest rates was not to blame.
Jerome B. York, Former Auto Executive, Dies at 71
 
Mr. York warned General Motors of a looming financial disaster and aided the billionaire investor, Kirk Kerkorian, in efforts to drive up the price of Chrysler stock.
Shares Struggle Amid Caution on the Economy
 
Wall Street shares were mixed after reports showed that inflation remained benign and new jbless claims fell last week. The data was tempered by concerns about debt problems in Greece.
Police Said to Arrest Former Head of Anglo Irish Bank
 
The former chairman of Anglo Irish Bank, Sean FitzPatrick, was said to be in custody in connection with an investigation into financial fraud.
Drugs giant Teva buys Ratiopharm
 
Israeli generic drugs giant Teva buys German firm Ratiopharm for 3.6bn euros (£3.2bn, $4.9bn).
No joke
 
How China dominates the quirky gift industry
M&S boss Rose to take 25% pay cut
 
Marks and Spencer's chief executive and chairman Sir Stuart Rose will give up his executive role in July and take a 25% pay cut.
Iran tightens petrol rations
 
Iran has announced it will cut the volume of its cheap petrol ration by 25% to 60 litres per vehicle per month from 21 March.
Tax gains drive profits for homebuilders
 
AP - It's tax season, and the IRS is being particularly generous to some of the nation's largest homebuilders.
Greece urges EU aid, but Germany 'open' to IMF appeal
 
AFP - Greece warned on Thursday it could call on the IMF for help unless European leaders offered financial aid next week, with Germany now appearing 'open' to the idea as the Greek debt crisis hit the euro.
Canada sees gloom for world economy without reform
 
Reuters - Canada took a gloomy look at what could go wrong with the global economy on Thursday, warning of prolonged recession or a deflationary spiral unless countries push ahead with economic and financial reforms.
Casual Male Retail Group reports 4Q profit
 
AP - Men's clothing seller Casual Male Retail Group Inc. on Thursday reported earning a profit in the fourth quarter as it cut costs to compensate for sales being weak.
Russia?s Nuclear Industry Seeks to Profit From Alternative Fuels
 
But the latest Russian effort to capitalize on the green reputation of nuclear power is drawing criticism as potentially dangerous.
Citing E-Mail, Viacom Says YouTube Ignored Copyrights
 
The charge was one of many made by Viacom in newly released filings in its $1 billion copyright lawsuit against YouTube and Google.
Unexpectedly, Barnes & Noble Names a New Chief Executive
 
Steve Riggio steps down as chief executive of Barnes & Noble and will be replaced by the head of the company's Web division.
Police Said to Arrest Former Head of Irish Bank
 
The former chairman of Anglo Irish Bank, Sean FitzPatrick, was said to be in custody in connection with an investigation into financial fraud.
Siemens to Cut 4,200 Information Technology Jobs
 
Siemens said it wanted to have the conditions in place for its information technology unit to be a standalone operating business by the start of the next fiscal year on Oct. 1.
German Call for Austerity Has Europe Grumbling
 
Some argue that severe cuts in public spending to whittle down euro-zone deficits could send unemployment rates surging and bring down governments.
Obama Delays Trip as Report Aids Final Push on Health Care
 
President Obama will stay in Washington to concentrate on the health care bill, which a Congressional Budget Office analysis said would bring significant cost savings.
Google and Partners Seek TV Foothold
 
A platform called Google TV will bring the Web into the living room through televisions and set-top boxes.
Amazon Threatens Publishers as Apple Looms
 
As Apple builds its electronic bookstore, Amazon is trying to use its clout to hold on to its early lead in the market.
Fed Fights to Keep Oversight of Banks That Aren?t Big
 
In a House hearing, Ben S. Bernanke, the Federal Reserve chairman, waged a fresh battle against efforts to scale back the Fed?s role in overseeing banks.
Governments Turn to ?Stealth? Taxes to Fill Gaps
 
For tax officials, indirect levies ? or stealth taxes ? are stable, less prone to be avoided and easy to collect.
G.M. Has ?Reasonable Chance? of Profit This Year, Its Chief Finance Officer Says
 
Christopher P. Liddell also said that a public offering for G.M. was possible this year, but that the company would first need to make a profit.
Maker of Tylenol Explains Actions Taken to Alleviate Musty Smell of Pills
 
McNeil Consumer Healthcare, a Johnson & Johnson unit, laid out the actions it would take after the Food and Drug Administration criticized its quality control program.
As Deflation Fears Persist, Japan Eases Monetary Policy
 
The Japanese government has urged the monetary authorities to stimulate the economy further by flooding the banking sector with cash.
OPEC Leaves Quotas Unchanged, Despite Big Inventory
 
Members are anticipating that a pickup in demand later in the year will mop up extra barrels of oil already being pumped.
The Beat Goes Online, Minus the Glitz
 
After Jane magazine folded, Brandon Holley, its editor in chief, took her work online.
Banks Face Fraud Charges in Deals Involving Milan?s Debt
 
Four European financial institutions will stand trial for their handling of interest rate swaps acquired by the city of Milan.
Wachovia and U.S. Settle a Money Laundering Case
 
The unit of Wells Fargo will pay $160 million to settle accusations that it laundered Mexican drug money.
Finra?s Enforcer Is Stepping Down
 
Susan Merrill, an overseer of the brokerage industry, did not announce when she would leave.
Time Seems Right for Paypal to Fly
 
The online payment company PayPal would continue to grow if its parent, eBay, let it leave the nest.
State of the Art: Playing It Cool With a Jawbone in Your Ear
 
A new phone earpiece strives to be smaller and more stylish than its predecessors. Does it succeed?
Stocks end mixed after price, jobs reports
 
AP - Stocks ended mixed after reports signaled that the economy is slowly regaining strength.
Illinois high court yanks hospital's property tax break
 
Reuters - An Illinois hospital lost its property tax exemption on Thursday, ending a long-fought battle watched by nonprofit hospitals concerned about greater scrutiny of their charity care.
Five Homegrown Growth Stocks
 
The Motley Fool - Proponents of diversification extol the virtues of spreading your investments over different assets, sectors, and geography. The last part in this holy trinity geography is particularly captivating to a growing cadre of investors.
Govt rewarded bank auditors with big bonuses
 
AP - As banks gambled on the risky mortgages that helped create the worst financial crisis in generations, the U.S. government handed out millions of dollars in bonuses to regulators at agencies that missed or ignored warning signs that the system was on the verge of a meltdown.
Greenspan Concedes Fed Failed to Gauge Bubble
 
But in his most detailed examination of the causes of the financial crisis, the former Fed chairman says the policy of low interest rates was not to blame.
Strategy Tests Lower Price on New CDs
 
The company will test whether lower prices ? $10 or less ? will attract consumers who have cut back on buying CDs.
Palm?s Loss Widened in Quarter
 
But the revenue for the quarter exceeded Palm?s own gloomy forecast.
Dow Keeps Streak Alive on a Mixed Day
 
Stocks flipped between gains and losses for much of the day as traders weighed a batch of mostly positive economic reports.
BA talks continue into the night
 
Talks between British Airways and the Unite union aimed at averting strike action have continued into the night.
Deutsche Bahn confirms Arriva bid
 
Deutsche Bahn, the German national rail company, has confirmed its bid for Arriva, the UK transport group.
Dragon breathes fire at non-doms
 
Duncan Bannatyne accuses fellow dragon and non-dom James Caan of having an 'unfair' advantage in business.
Two-track economy: 9.7% unemployment, $200K cars
 
AP - For the super-rich and everyone else, the economic recovery is taking place in two very different gears.
Dollar climbs on renewed worries over Greece
 
AP - The dollar rose Thursday as Greece warned that it will be forced to turn to the International Monetary Fund if the European Union can't agree to a bailout plan.
America's Most Underwater Housing Markets
 
U.S. News & World Report - Negative equity--what you have when you owe more on your home loan than the property is worth--is one of the defining features of the still-unfolding mortgage crisis. It's a particularly nasty problem because it can lead to all sorts of unpleasant outcomes for the real estate market and the economy as a whole. Having negative equity, which is also known as being 'underwater' on a mortgage, makes homeowners more likely to end up in foreclosure. It restricts a borrower's ability to refinance or buy another home, which in turn stifles demand for housing. ...
India urges US 'leadership' on WTO
 
AFP - India on Thursday urged the United States to take the lead in resuming global free trade talks after the EU trade chief lashed out at 'protectionism' by President Barack Obama's administration.
Texas Pipeline Company Agrees to Pay Civil Penalty to Resolve Clean Water Act Vi
 
PR Newswire - WASHINGTON, March 18 /PRNewswire-USNewswire/ -- A Texas-based pipeline company has agreed to pay a $450,000 civil penalty to the United States to settle allegations that it failed to prepare and maintain proper facility response plans to deal with spills and environmental accidents at eight of its oil storage terminal facilities in Iowa, Kansas and Nebraska.
Teva Acquires Top German Generics Maker for $5 Billion
 
The acquisition of Ratiopharm catapults Teva, the global leader in generic drugs, from fifth place among German generic players to the No. 2 spot.
Investigators Say Brakes Weren?t Used on Crashed Toyota
 
Regulators and Toyota engineers examining the crash of a Prius in New York saw no evidence that the driver had tried to brake.
Advertising: Madison Avenue Finds Old and New Media Can Coexist
 
Marketers are using Web video along with ? rather than in place of ? television.
Christiane Amanpour to Host ?This Week? on ABC
 
ABC has been seeking a replacement for George Stephanopoulos, who shifted from ?This Week? to ?Good Morning America.?
FedEx Profit Doubles, and It Raises Its Outlook
 
The international package-shipping business jumped 18 percent, outweighing an anemic increase of 1 percent in American package volume.
Insurer?s Large Public Offering Could Lift Japan?s Markets
 
The offering by Dai-Ichi Mutual Life is expected to raise $12 billion, but the market for new listings has been unpredictable.
Report Says China Sold Bad Vaccines To Hospitals
 
A newspaper article has reawakened a controversy over whether provincial authorities improperly stored vaccines, rendering them ineffective, and then let them be administered to children.
Judge Denies JPMorgan $28 Million in Fees
 
A judge in Australia denied JPMorgan 31 million Australian dollars ($28.6 million) of fees it claimed for defending a company from a takeover that turned into a bidding war.
BA strike talks to resume later
 
Talks between British Airways and the Unite union aimed at averting strike action will resume on Friday morning.
Money spiders
 
How feeding tourists tarantulas helped street children
Amateur attraction
 
Can richer sports learn from Gaelic games?
Summary Box: Consumer prices flat in February
 
AP - COST OF LIVING FLAT: The price of clothing, shelter and other goods was unchanged last month, the government said, as a drop in energy prices offset a rise in food costs.
Germany Now Says I.M.F. Should Rescue Greece
 
After backing a European rescue for Greece, Germany signaled that help should come from the I.M.F.
Support for a Way to Avoid a Repeat of Bank Bailouts
 
American economic leaders and the Basel Committee expressed support for developing contingency plans.
Safety Issues Linger as Nuclear Reactors Shrink in Size
 
Some environmentalists said the nuclear industry was risking its green record if it adapted smaller nuclear reactors, like those once used in submarines, to light a city.
Company Races to Extend Blood Thinner Patent
 
The Medicines Company is disputing whether it really did miss a deadline in applying for a patent extension for its blood thinner Angiomax.
U.S. Presses China on Valuation of Renminbi
 
In a speech, the American ambassador reiterated the stance of the United States as China polled manufacturers on the issue.
Barnes & Noble Chooses Chief From Web Unit
 
The appointment of William Lynch, president of the Web division, to succeed Stephen Riggio was seen as a move toward a digital future.
Finra Bars Provident Brokerage Firm
 
The Financial Industry Regulatory Authority is mining arbitration records and advertisements promising ?unrealistically high? returns.
Bloomberg Is Ending Gifts Through Carnegie Corp.
 
Mayor Michael R. Bloomberg?s decision to end giving through the Carnegie Corporation set off worries among New York?s arts and social services groups.
New York Art Dealer Admits $120 Million Fraud
 
Lawrence B. Salander, a noted art dealer on the Upper East Side of Manhattan, admitted he had bilked clients like the tennis star John McEnroe.
Anti-Flippers Buy And Hold Cheap Homes
 
Investor's Business Daily - When Paul Gabrail and two partners snag a foreclosed home on the cheap, neighbors have good reason to cheer.
Asian Stocks Head for 6th Week of Gains
 
Investor expectations of a steady global economic recovery lift markets.
For India?s Newly Rich Farmers, Limos Won?t Do
 
Land acquisition for expanding cities and industry has created pockets of instant wealth, creating a new economic caste in India: nouveau riche farmers.
2 Senators Offer Immigration Overhaul
 
Illegal immigrants would have to admit breaking the law before they could gain legal status and all workers in the United States would have to carry a biometric identity card.
Asian markets mixed as Greece uncertainty weighs
 
AP - Asian stock markets turned in a mixed performance Friday, fluctuating as uncertainty over debt-laden Greece weighed on investors.

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