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Archive for December 20th, 2007US clears Google buyout of online ad giant DoubleClickPosted by UK Economy News
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20Dec 07 US regulators Thursday cleared a plan by Google to buy online advertising giant DoubleClick, a tie-up that has sparked concerns about privacy risks and still faces a challenge in the European Union.
Read full story Alitalia share price rebounds on hopes of quick takeover decisionPosted by UK Economy News
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20Dec 07 Shares in the near-bankrupt Italian flagship carrier Alitalia rallied nearly 5.0 percent on Thursday as traders predicted a speedy rescue plan.
Read full story Comments Off Glare of crisis envelops MBIA, Bear StearnsPosted by UK Economy News
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20Dec 07 Credit market strains showed no sign of abating on Thursday as bond insurer MBIA and investment bank Bear Stearns fessed up to greater mortgage exposure and commercial paper issuance shrank abruptly.
Read full story Comments Off Credit Agricole announces 1.6-billion-euro writedown due to subprime crisisPosted by UK Economy News
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20Dec 07 French bank Credit Agricole said Thursday that higher writedowns and provisions stemming from the credit crisis will have an additional 1.6-billion-euro (2.3-billion-dollar) impact on its 2007 earnings.
Read full story Comments Off Dollar gain drives euro to two-month lowsPosted by UK Economy News
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20Dec 07 The steadily recovering dollar climbed against the euro Thursday, powered by a growing -- but not universal -- conviction that in the face of inflation the US Federal Reserve is unlikely to lower interest rates next month.
Read full story Comments Off Siemens boss says company needs ‘years’ to overcome corruption damage: reportPosted by UK Economy News
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20Dec 07 The head of German engineering giant Siemens has acknowledged in an interview to be published Friday it will take the company "several years" to overcome corruption scandals currently plaguing it.
Read full story Comments Off US clears Google buyout of online ad giant DoubleClickPosted by UK Economy News
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20Dec 07 US regulators Thursday cleared a plan by Google to acquire online advertising giant DoubleClick, which had sparked concerns about privacy risks and still faces a challenge in the European Union.
Read full story Comments Off No revision as US growth stands at 4.9 pct in Q3Posted by UK Economy News
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20Dec 07 The US economy grew at a strong 4.9 percent clip in the third quarter before being buffeted by a housing slump and tighter credit, the government said Thursday in its final estimate for the period.
Read full story Comments Off Crude prices slip amid falling US energy reservesPosted by UK Economy News
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20Dec 07 World oil prices eased on Thursday as traders chewed over a larger-than-expected drop in US crude inventories.
Read full story Comments Off Oil retreats, Suez Canal tanker traffic resumesPosted by UK Economy News
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20Dec 07 Oil fell back on Thursday after tanker traffic resumed in the Suez Canal, blocked earlier by two oil tankers that ran aground.
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