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Archive for July 2nd, 2008US officials scrutinizing Google-Yahoo dealPosted by UK Economy News
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2Jul 08 The US Department of Justice said Wednesday it is scrutinizing a proposed online advertising deal between Google and Yahoo to make certain it doesn't stifle competition.
Read full story Paulson says US economy enduring ‘rough period’Posted by UK Economy News
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2Jul 08 US Treasury Secretary Henry Paulson said Wednesday that the US economy was enduring "a rough period" and warned that home foreclosures would likely remain high in the near future.
Read full story Comments Off IBM buys Platform Solutions, ending dueling lawsuitsPosted by UK Economy News
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2Jul 08 IBM announced on Wednesday that it has bought Platform Solutions Inc., acquiring its California rival's technology and ending lawsuits which the firms had filed against each other.
Read full story Comments Off Spanish authority rules mobile fee increase unlawful: reportPosted by UK Economy News
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2Jul 08 A probe by Spain's competition authority has ruled that mobile telephone operators Telefonica, Orange and Vodafone unlawfully agreed to raise their fees at the same time last year, Spanish media reported Wednesday.
Read full story Comments Off Oil hits record over $144 on U.S. inventory dropPosted by UK Economy News
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2Jul 08 Oil prices shot to a record high over $144 a barrel on Wednesday after a drop in U.S. crude inventories stoked supply concerns.
Read full story Comments Off Sarkozy-Mandelson tensions flare as WTO talks loomPosted by UK Economy News
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2Jul 08 The European Commission rallied on Wednesday behind EU trade chief Peter Mandelson, under fire from French President Nicolas Sarkozy as WTO trade talks reach a make-or-break point.
Read full story Comments Off Former Airbus boss Humbert charged with insider trading: sourcePosted by UK Economy News
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2Jul 08 The German former chief executive of Airbus, Gustav Humbert, was charged Wednesday with insider trading at the planemaker's parent company EADS, a legal source said.
Read full story Comments Off Fortis sells ABN units to DeutschePosted by UK Economy News
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2Jul 08 Belgian-Dutch financial services group Fortis has agreed to sell about 10 percent of ABN AMRO's Dutch operations to Deutsche Bank for 709 million euros (564 million pounds).
Read full story Comments Off Swiss MPs fear US tax probe stains imagePosted by UK Economy News
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2Jul 08 Switzerland's finance minister on Wednesday defended Swiss banking giant UBS even as lawmakers voiced concerns that a US tax evasion probe into the bank could sully the country's reputation.
Read full story Comments Off Unemployment forecast to rise across OECD countriesPosted by UK Economy News
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2Jul 08 Industrialised countries should brace for a rise in unemployment this year and next, as financial market turmoil puts the brakes on growth and job creation, the OECD warned in a report on Wednesday.
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