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Archive for February 21st, 2008Oil prices ease off record highs on strong US supply buildPosted by UK Economy News
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21Feb 08 World oil prices slid back from two days of record peaks Thursday after a stronger-than-expected rise in US crude-oil reserves damped supply jitters.
Read full story Recession fears slam U.S. stocksPosted by UK Economy News
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21Feb 08 Fresh signs of a flagging U.S. economy dragged U.S. stocks lower on Thursday and sparked a rally in safe-haven debt as the dollar slid to two-week lows and gold and other precious metals hit new highs.
Read full story Comments Off Reed to buy ChoicePoint and sell ad-driven divisionPosted by UK Economy News
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21Feb 08 Reed Elsevier will buy U.S. risk-management business ChoicePoint for $4.1 billion (2.09 billion pounds), including debt, and sell an ad-dependent business that includes Hollywood trade paper Variety, the Anglo-Dutch publisher said on Thursday.
Read full story Comments Off Microsoft opens door to open-source software communityPosted by UK Economy News
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21Feb 08 Microsoft on Thursday announced it is increasing the openness of its software to appease antitrust regulators and please businesses trending toward more diverse computer systems.
Read full story Comments Off Ukraine reaches accord with Gazprom: TymoshenkoPosted by UK Economy News
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21Feb 08 Ukrainian Prime Minister Yulia Tymoshenko said Thursday she had reached a deal with Russian gas monopoly Gazprom over debts owed by Kiev for Russian natural gas, Interfax news agency reported.
Read full story Comments Off Oil tumbles more than $1 on U.S. stockbuildPosted by UK Economy News
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21Feb 08 Oil tumbled more than $1 on Thursday, backing further off the record over $101 hit this week, as U.S. economic concerns and growing inventories offset expectations OPEC could cut output when it meets next month.
Read full story Comments Off Brazil miner Vale raises bid for XstrataPosted by UK Economy News
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21Feb 08 Brazilian miner Vale has raised its informal offer price in takeover talks with Swiss rival Xstrata , sources with direct knowledge of the negotiations said on Thursday.
Read full story Comments Off EU says Microsoft move doesn’t address tying allegationPosted by UK Economy News
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21Feb 08 The European Commission said Microsoft's Thursday announcement that it was boosting interoperability failed to resolve allegations of product tying and it would try to verify the pledges by the company.
Read full story Comments Off Microsoft opens key software details to rivalsPosted by UK Economy News
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21Feb 08 Microsoft said on Thursday it would publish key software blueprints to let rival programs work better with its products and address some European antitrust concerns.
Read full story Comments Off Oil tumbles nearly $2 on U.S. inventory buildPosted by UK Economy News
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21Feb 08 Oil tumbled nearly $2 on Thursday as U.S. economic concerns and growing inventories offset expectations OPEC could cut output when it meets next month.
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