Friday, September 3, 2010

‘Business’ News

Wall St Week Ahead: For stocks, September starts on upbeat note

Friday, September 3, 2010 23:51

NEW YORK (Reuters) - U.S. stocks could start next week with investors feeling a bit more optimistic about the economy, thanks to a stronger-than-expected jobs report, making further market gains more likely.

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India should follow map to account convertibility - RBI

Friday, September 3, 2010 23:01

BUENOS AIRES (Reuters) - India should move toward capital account convertibility on a calibrated basis according to domestic and global factors, the governor of the Reserve Bank of India (RBI) Duvvuri Subbarao said on Friday.

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Wall St rallies as jobs data spurs optimism

Friday, September 3, 2010 21:14

NEW YORK (Reuters) - Wall Street closed a stellar week on Friday after recent economic data, including a stronger-than-expected labor market report, bolstered optimism that the economy would not fall back into recession.

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Google settles Buzz privacy lawsuit

Friday, September 3, 2010 19:55

SAN FRANCISCO (Reuters) - Google Inc has settled a lawsuit alleging privacy violations in connection with its Buzz social networking service, according to a court document filed on Friday.

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Owners of a third of 3PAR back HP bid

Friday, September 3, 2010 16:13

NEW YORK (Reuters) - Data storage provider 3PAR Inc said on Friday that shareholders owning about a third of its shares have agreed to accept Hewlett-Packard Co's proposal to buy the company for $2.4 billion.

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GLOBAL MARKETS WEEKAHEAD - Poised for a risk rally?

Friday, September 3, 2010 14:35

LONDON (Reuters) - With little fanfare, equity markets have started to rally, investors have become sated with government bonds and cash levels are high enough to prompt a search for better yield.

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Beer finds favour over spirits in slow recovery

Friday, September 3, 2010 12:55

LONDON (Reuters) - Big brewers like Anheuser Busch InBev are seen as a better bet than spirit giants Diageo and Pernod Ricard to gain from the uneven world recovery in which only emerging markets are showing strong growth. ...

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Brazil oil firm Petrobras plans $65 bln stock sale

Friday, September 3, 2010 10:43

RIO DE JANEIRO (Reuters) - Brazilian state oil company Petrobras will sell up to $64.5 billion in new stock -- one of the largest in capital markets history -- to raise funds for the world's biggest oil exploration investment plan. ...

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Conundrum: M&A/credit binge vs double-dip fear

Friday, September 3, 2010 10:06

LONDON (Reuters) - A new conundrum faces financial markets -- why, if the global economy is heading back into trouble, are companies on an M&A binge and big investors snapping up so much corporate debt?

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India gold buying muted; cautious traders eye price falls

Friday, September 3, 2010 8:40

MUMBAI (Reuters) - India gold buying continued to be muted for a second day on Friday as traders were cautious about placing fresh deals after prices traded near all-time high, dealers said.

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