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Archive for April 17th, 2008AP France news agency under threat as bid is dropped: EvenoPosted by UK Economy News
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17Apr 08 The French-language service of the Associated Press news agency was threatened with closure Thursday when one of two would-be investors announced a takeover bid was being withdrawn in the face of of staff opposition.
Read full story Google profits surge taking stock price along for the ridePosted by UK Economy News
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17Apr 08 Google reported Thursday that its profits surged more than 30 percent to 1.31 billion dollars in the first three months of the year, erasing fears of sagging online advertising revenues.
Read full story Comments Off Oil prices cool slightly from red-hot recordsPosted by UK Economy News
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17Apr 08 Red-hot oil prices cooled slightly Thursday after being stoked to record highs by falling US energy reserves and a weakening dollar, which attracts investors into commodities, analysts said.
Read full story Comments Off Google profit beats forecastsPosted by UK Economy News
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17Apr 08 Google on Thursday posted a better-than-expected profit, defying fears the company is facing an Internet advertising slowdown and sending its shares past the $500 mark in extended trade.
Read full story Comments Off Bouton to stay Societe Generale chairman, loses CEO post: bankPosted by UK Economy News
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17Apr 08 French bank Societe Generale, hit by a massive rogue trading scandal four months ago, said Thursday that Daniel Bouton would be replaced as chief executive but would retain his position as chairman.
Read full story Comments Off Spain’s Sacyr sells stake in France’s EiffagePosted by UK Economy News
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17Apr 08 Spanish construction group Saycr Vallehermoso said Thursday it had sold its 33.32 percent stake in Eiffage of France for 1.92 billion euros (3.06 billion dollars).
Read full story Comments Off German state wants to keep minority blocking stake in VW: premierPosted by UK Economy News
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17Apr 08 The German state of Lower Saxony wants to preserve a minority blocking stake in Volkswagen to ensure the company's stability, regional premier Christian Wulff said Thursday in a press interview.
Read full story Comments Off Soros urges regulation for hedge fundsPosted by UK Economy News
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17Apr 08 Hedge fund pioneer George Soros called on Thursday for regulation of such highly speculative investment vehicles and the banks that lend to them.
Read full story Comments Off Belgian bank accused of aiding arms sales to apartheid SAfricaPosted by UK Economy News
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17Apr 08 Belgian bank KBC on Thursday stood accused of aiding the sale of military equipment to South Africa during the apartheid era.
Read full story Comments Off Nokia’s first quarter results disappointPosted by UK Economy News
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17Apr 08 Nokia, the world's leading mobile phone maker, posted strong first quarter results Thursday, but its market share slipped and missed analyst forecasts, sending its share price tumbling.
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