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Archive for April 22nd, 2008Yahoo adjusted profit tops Wall St. averagePosted by UK Economy News
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22Apr 08 Yahoo Inc on Tuesday posted quarterly profit, excluding one-time items, at the top end of Wall Street's range of lowered forecasts, as it sought to bolster its case that Microsoft Corp's takeover bid undervalues it.
Read full story Grangemouth refinery strike talks extendedPosted by UK Economy News
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22Apr 08 Management and trades union officials from Scotland's Grangemouth refinery extended into Wednesday mediation aimed at avoiding a strike that has threatened Britain's energy supplies, a union official said.
Read full story Comments Off Near bankrupt Alitalia gets bridging loan as Italy awaits new governmentPosted by UK Economy News
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22Apr 08 The outgoing Italian government agreed Tuesday to extend an emergency loan of 300 million euros (480 million dollars) to struggling flag carrier Alitalia after Air France-KLM withdrew its takeover offer, Italian media reported.
Read full story Comments Off North American leaders rebuff White House hopefuls on tradePosted by UK Economy News
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22Apr 08 The leaders of the United States, Canada and Mexico delivered a ringing defense Tuesday of a regional free trade deal despite pledges by Democratic White House hopefuls to renegotiate the pact.
Read full story Comments Off World oil prices strike record peaks above 119 dlrsPosted by UK Economy News
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22Apr 08 World oil prices jumped to record peaks above 119 dollars on Tuesday in response to the weak US dollar, unrest in Nigeria and OPEC's reluctance to hike output, traders said.
Read full story Comments Off Grangemouth refinery strike talks to restart WednesdayPosted by UK Economy News
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22Apr 08 Talks between management and trade union officials at the Grangemouth refinery in Scotland failed to reach agreement on Tuesday to avoid a planned two-day strike, but talks were scheduled to restart on Wednesday, a union official said.
Read full story Comments Off Oil rallies to record near $120Posted by UK Economy News
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22Apr 08 Oil surged to records near $120 a barrel on Tuesday on the weaker dollar, export disruptions from Nigerian rebel attacks and concerns a Scottish refinery strike could hit North Sea production.
Read full story Comments Off Monthly sales report shows housing still mired in slumpPosted by UK Economy News
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22Apr 08 Sales of existing US homes slid further in March, an industry group reported Tuesday, in a report underscoring the extended slump in the housing market.
Read full story Comments Off Oil rallies 2 percent to near $120 on supply worriesPosted by UK Economy News
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22Apr 08 Oil surged more than $2 to record highs near $120 a barrel on Tuesday on supply concerns from Nigeria and the North Sea.
Read full story Comments Off Oil must stay high if world to have enough supplyPosted by UK Economy News
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22Apr 08 Energy producers cannot halt a rally that has driven oil to nearly $120 a barrel and the world might have to live with even higher prices if it wants supplies for the future, exporters said on Tuesday.
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