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Archive for March 24th, 2008Dollar gains some ground as US home sales reboundPosted by UK Economy News
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24Mar 08 The dollar regained some strength Monday after an industry survey showed a surprise rebound in existing US home sales in February following six straight months of decline.
Read full story Icahn sues Motorola in battle with managementPosted by UK Economy News
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24Mar 08 Billionaire investor and corporate raider Carl Icahn said Monday he was suing telecom equipment maker Motorola in an effort to get more access to documents for his battle with management.
Read full story Comments Off US clears merger of satellite radio firms Sirius, XMPosted by UK Economy News
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24Mar 08 The US Justice Department gave approval to a planned merger of US satellite radio groups Sirius and XM, saying the tie-up is unlikely to harm consumers or lessen competition.
Read full story Comments Off JPMorgan hikes offer for Bear Stearns to over 1 bln dlrsPosted by UK Economy News
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24Mar 08 JPMorgan Chase hiked its offer Monday for Bear Stearns to 10 dollars per share, or over one billion dollars, quintupling a fire-sale price agreed a week earlier for the distressed investment bank.
Read full story Comments Off Oil prices drop as US growth seen slowingPosted by UK Economy News
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24Mar 08 World oil prices declined Monday due to expected slower growth in the United States, the world's largest economy, which will likely lessen oil demand, traders said.
Read full story Comments Off Oil slides further on dollar and demand worriesPosted by UK Economy News
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24Mar 08 Oil prices dropped sharply on Monday, extending a slide from last week's record to 10 percent amid a recovery in the U.S. dollar and lingering worries over slowing energy demand.
Read full story Comments Off JPMorgan may raise offer for Bear StearnsPosted by UK Economy News
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24Mar 08 JPMorgan Chase executives held talks over the weekend that could result in the bank raising its takeover offer for distressed bank and brokerage Bear Stearns, the New York Times reported Monday.
Read full story Comments Off EADS to consider ways to limit foreign ownership: chairmanPosted by UK Economy News
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24Mar 08 Key shareholders in European aerospace giant EADS are to consider a move that would prevent foreign investors from acquiring more than a 15 percent stake, the EADS chairman said in an interview published Monday by the Financial Times.
Read full story Comments Off Asia stocks rise as led by TaiwanPosted by UK Economy News
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24Mar 08 Asian shares rose in holiday-thinned trade on Monday, led by a 4 percent gain for Taiwan after an opposition win in the presidential election boosted expectations for better trade ties and less political tension with China.
Read full story Comments Off Oil prices fall on US growth concernsPosted by UK Economy News
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24Mar 08 World oil prices fell by more than a dollar in Asian trade Monday amid fresh concerns that energy demand would be affected by the slowing US economy, dealers said.
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