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Archive for May 8th, 2008Microsoft frees rival slate from Yahoo commitmentPosted by UK Economy News
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8May 08 Microsoft has released the nominees on its rival slate from their commitment to stand for election to Yahoo board in the event of a proxy fight, a source familiar with the situation said on Thursday.
Read full story Oil prices soar to new highs as OPEC says ‘no shortage’Posted by UK Economy News
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8May 08 Crude oil prices surged to new highs above 123 dollars Thursday in volatile trade after the OPEC cartel insisted the market was well-supplied and being driven by speculators.
Read full story Comments Off Illinois Tool to buy Enodis for 1.03 billion poundsPosted by UK Economy News
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8May 08 Enodis has agreed to be bought by Illinois Tool Works for 1.03 billion pounds, turning its back on the agreed 948 million pounds takeover by U.S.-based Manitowoc Co .
Read full story Comments Off Venezuela’s oil reserves swell to 130 bln barrelsPosted by UK Economy News
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8May 08 Venezuela's proven crude oil reserves had swelled to 130 billion barrels as of late April, marking a rise of 30 billion from its prior estimate, energy and oil minister Rafael Ramirez said Thursday.
Read full story Comments Off Oil prices hit new highs above 123 dollarsPosted by UK Economy News
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8May 08 Crude oil prices surged to new highs above 123 dollars Thursday in volatile trade after the OPEC cartel insisted the market was well-supplied and being driven by speculators, not real demand.
Read full story Comments Off Qatar Airways to seek compensation over Boeing 787 delayPosted by UK Economy News
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8May 08 Qatar Airways will seek cash compensation from Boeing Co over a delay in the delivery of its 787 Dreamliner, the press quoted its chief executive as saying Thursday.
Read full story Comments Off Carphone to focus on broadband after Best Buy dealPosted by UK Economy News
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8May 08 The move by Carphone Warehouse to fold its retail unit into a new company with U.S. firm Best Buy will allow it to focus on broadband and become the largest provider in Britain if it buys the UK arm of Tiscali.
Read full story Comments Off German economy feels the pinch from global headwindsPosted by UK Economy News
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8May 08 German industrial output and exports fell in March, data showed Thursday, as a stronger euro, weaker global demand and high raw material prices left their mark on Europe's largest economy.
Read full story Comments Off Consumers ripped off by misleading online airline tickets: EUPosted by UK Economy News
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8May 08 Consumers are getting ripped off by misleading information for airline tickets sold online, the EU's top consumer protection official said Thursday, promising a crackdown if the industry fails to clean up its act.
Read full story Comments Off India halts futures trade in staple foods to fight inflationPosted by UK Economy News
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8May 08 India's government on Thursday halted trading in futures contracts for key staple foods and for rubber as it battled to avoid an election drubbing due to high inflation.
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