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Archive for May 9th, 2008Virgin Mobile USA and Korea’s SK in talksPosted by UK Economy News
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9May 08 Richard Branson's Virgin Mobile USA and South Korea's SK Telecom , which controls U.S. mobile service Helio, are in early talks on a deal, a person familiar with the discussions said on Friday.
Read full story Citigroup to slash 400 bln dlrs in assetsPosted by UK Economy News
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9May 08 Citigroup, reeling from the subprime mortgage crisis, said Friday it plans to sell roughly 400 billion dollars in assets in a streamlining reorganization aimed at restoring the US banking giant to profit.
Read full story Comments Off Kerkorian launches tender offer for Ford sharesPosted by UK Economy News
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9May 08 Billionaire investor Kirk Kerkorian on Friday launched a planned tender offer to add to a Ford stake he called an "attractive investment," and not one he acquired to influence the automaker.
Read full story Comments Off US trade gap soothed by falling imports, weak dollarPosted by UK Economy News
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9May 08 The US trade deficit shrank more than expected in March to 58.2 billion dollars, as imports fell sharply and as the weak dollar continued to underpin exports, a government survey showed Friday.
Read full story Comments Off Oil prices extend record run, break 126 dollarsPosted by UK Economy News
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9May 08 Oil prices briefly surged to a record high above 126 dollars on Friday, driven into uncharted territory by speculators trying to take advantage of global supply concerns, analysts said.
Read full story Comments Off Oil hits record $126 on supply worry and fund buyingPosted by UK Economy News
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9May 08 Oil jumped to a record above $126 a barrel on Friday, extending gains to more than 11 percent since the start of the month on fuel supply concerns and a rush of speculator buying.
Read full story Comments Off IMF approves 3.65 billion dollar loan to TurkeyPosted by UK Economy News
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9May 08 The International Monetary Fund on Friday approved a 3.65-billion-dollar loan to Turkey, the final segment of a three-year stand-by credit worth nearly 10 billion dollars.
Read full story Comments Off EDF makes offer for British Energy: reportPosted by UK Economy News
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9May 08 State-owned French power company EDF has submitted an offer for nuclear power operator British Energy, the BBC reported Friday on its website.
Read full story Comments Off Decision on Danish euro referendum in next two months: PMPosted by UK Economy News
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9May 08 The Danish government expects to decide within two months on the date of a referendum on joining the eurozone, Prime Minister Anders Fogh Rasmussen said during a visit to Hungary on Friday.
Read full story Comments Off Microsoft appeals against record EU anti-trust finePosted by UK Economy News
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9May 08 Microsoft on Friday lodged an appeal at a European court against a record 899 million euro (1.39 billion dollar) fine imposed on it by the EU Commission for defying a landmark anti-trust ruling.
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