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| Giant miner BHP drops Rio Tinto takeover bid |
Sydney - Anglo-Australian mining company BHP Billiton Ltd said Tuesday the global financial crisis had caused it to abandon a 20-billion-US-dollar takeover bid for rival Rio Tinto Ltd.
"While we have not changed our view of the basic industrial logic of the combination, or of the longer term prospects for natural resource demand growth driven by emerging... |
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 The bankrupt petroleum company Yukos will shortly disappear from the minds of the people, as its high-tech headquarters in Moscow and other properties were sold Friday.An auction took place Friday for the last estates of the former oil company and after a harsh dispute between Prana and Rosneft, the unknown Prana won the bidding for the...
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 Deutsche Telekom AG is on the edge of a huge scandal after most of the workers decided to go on strike following the company’s program to reduce costs.The news stroke like a thunderbolt Germany and EU’s largest telecommunications company just as it was bracing for a fierce battle with the competition. In order to reinvigorate its...
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 German automobile manufacturer Audi AG wants to outclass the other two German carmakers BMW and Mercedes Benz in the race for the world’s top seat, Audi’s chairman Rupert Stadler said Wednesday. "By 2015 Audi will be number one," Stadler said.After the Volkswagen-owned carmaker reported that global sales jumped to 84,736 in the...
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 Cisco Systems Inc., global company headquartered in San Jose, California, USA, reported a 34 per cent rise in third quarter profit boosted by increased sales to corporate customers and Internet providers.The world’s largest network equipment maker reported on Tuesday a third quarter net income of 1.87 billion dollars, or 30 cents per...
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 The world's biggest computer and printer maker Hewlett-Packard Co. raised its forecast for the second quarter today, mentioning higher revenues in its personal computer and server businesses. HP, currently the world's largest information technology corporation (by revenue), said it expects to post revenue of $25.5 billion to $25.55...
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| Currency |
USD |
EUR |
GBP |
YEN |
| USD |
------ |
0.787 |
0.670 |
93.525 |
| EUR |
1.271 |
------ |
0.852 |
118.837 |
| GBP |
1.492 |
1.174 |
------ |
139.549 |
| YEN |
0.011 |
0.008 |
0.007 |
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| Symbol | Last | Change | | Dow | 14,047.31 |  40.24 (0.29%) | | Nasdaq | 2,747.11 |  6.12 (0.22%) | | S&P 500 | 1,546.63 | 0.41 (0.03%) | | 10-Yr Bond | 4.529%
| 0.028 | | NYSE Volume | 3,112,411,000 | | Nasdaq Volume | 1,795,889,000 |
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 New BMW-6 Series Coupe and convertible
BMW has launched a convertible and new coupe of the 6-Series
featuring several advanced drive technologies and driver assistance
safety systems.
Both the coupe...
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