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Archive for May 14th, 2008Apple’s largest U.S. store highlights growth strategyPosted by UK Economy News
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14May 08 Apple unveiled its largest U.S. store on Wednesday, a glass-facade building sheathed in steel that a senior company official said reflects Apple's plans to expand retail ventures at home and abroad.
Read full story Dollar steady against euro on positive US inflation dataPosted by UK Economy News
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14May 08 The dollar held steady against the euro Wednesday in New York after a better-than-expected US inflation report dampened expectations of a fresh Federal Reserve interest rate cut.
Read full story Comments Off Oil prices recede as US crude stocks risePosted by UK Economy News
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14May 08 Oil prices fell heavily Wednesday as traders reacted to an increase in US crude stocks and as profit-taking occurred a day after prices struck a record high.
Read full story Comments Off Total, Saudi Aramco announce 400,000 bpd refinery projectPosted by UK Economy News
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14May 08 The French oil group Total and the Saudi Arabian Oil Company (Saudi Aramco) announced plans Wednesday for a 400,000-barrel-per-day refinery in the eastern Saudi city of Jubail on the Gulf coast.
Read full story Comments Off Delta Air Lines pilots approve Northwest takeoverPosted by UK Economy News
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14May 08 Delta Air Lines said Wednesday its pilots had cleared merger plans with Northwest Airlines that would create the largest US carrier.
Read full story Comments Off Virgin Mobile USA in ’strategic’ talks with SK TelecomPosted by UK Economy News
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14May 08 Wireless telecommunications group Virgin Mobile USA, Inc., said Wednesday it was holding "strategic" talks with SK Telecom, South Korea's biggest mobile phone group.
Read full story Comments Off Greece clears Deutsche Telekom deal on OTE: ministry sourcesPosted by UK Economy News
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14May 08 Greece on Wednesday approved the terms of a deal with German telecoms giant Deutsche Telekom for joint management of the Hellenic Telecom Organisation (OTE), the country's main operator, the economy ministry said.
Read full story Comments Off EU commissioner sees support for tax haven clamp-downPosted by UK Economy News
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14May 08 EU Tax Commissioner Laszlo Kovacs said Wednesday he saw support among finance ministers in the bloc to broaden out rules against tax dodgers who stash cash in offshore accounts.
Read full story Comments Off After Enodis, will Manitowoc lose taste for food?Posted by UK Economy News
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14May 08 Executives at diversified manufacturer Manitowoc have spent a good deal of time in recent years justifying the company's curious mix of businesses, which they admit offer few benefits aside from smoothing out the ups and downs of their earnings.
Read full story Comments Off Eurozone finance ministers take aim at ’scandalous’ executive payPosted by UK Economy News
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14May 08 Corporate fat cats in Europe faced renewed pressure on Wednesday over huge bonuses untied to their performance as soaring inflation and stagnant wages eat into ordinary workers' purchasing power.
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