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Property News
- China rejects Coke bid for juice maker - 18th March, 2009
- Fed scopes out options with key rate near zero - 17th March, 2009
- Wall Street gives up some gains ahead of Fed news - 15th March, 2009
- Consumer prices rise 0.4 percent in February - 14th March, 2009
- Prosecutors charge Madoff's accountant with fraud - 12th March, 2009
- IBM in talks to buy Sun Microsystems - 9th March, 2009
- US agency says it failed to see some AIG flaws - 5th March, 2009
China rejects Coke bid for juice maker - 18th March, 2009
China denied Coca-Cola Co.'s closely watched $2.5 billion bid to buy a major Chinese juice producer Wednesday, highlighting Beijing's rejection of foreign control over its top companies even as they step up acquisitions abroad.
The refusal to allow the foreign acquisition in a non-strategic business such as fruit juice could backfire abroad as state-owned Chinese companies pursue investments in mining and other sensitive industries.
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Fed scopes out options with key rate near zero - 17th March, 2009
With a key interest rate already near zero, Federal Reserve policymakers are weighing what other tools they can use to jolt the country out of recession.
Fed Chairman Ben Bernanke and his colleagues resume their two-day meeting Wednesday, and at its conclusion they are all but certain to leave a key bank lending rate at a record low to try to bolster the economy, which has been stuck in a recession since December 2007.
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Wall Street gives up some gains ahead of Fed news - 15th March, 2009
Stocks gave back some of their recent gains Wednesday as investors waited for results from the Federal Reserve's meeting on interest rates.
The Fed is expected to leave rates at their historically low levels, but the market is anxious to see how the central bank assesses the economy in its statement accompanying the rate decision. Investors also want to know if the Fed has any further moves planned to help boost the economy. The Fed news is expected at midafternoon.
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Consumer prices rise 0.4 percent in February - 14th March, 2009
Consumer prices rose in February by the largest amount in seven months as gasoline prices surged again and clothing costs jumped the most in nearly two decades.But the increase appeared to ease many economists' concerns about dangerous price movements in either direction. The recession is expected to dampen any inflation pressures for at least the rest of this year, while the slight uptick in prices over the last two months also has made the possibility of deflation more remote.
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Prosecutors charge Madoff's accountant with fraud - 12th March, 2009
Bernard Madoff's longtime accountant was arrested on fraud charges Wednesday, accused of aiding the man who has admitted cheating thousands of investors out of billions of dollars in the past two decades.
The charges against David Friehling, 49, come as federal authorities turn their attention to those who they believe helped Madoff fool 4,800 investors into thinking that their longtime investments were growing comfortably each year. Friehling is the first person to be arrested since the Madoff scandal broke three months ago.
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IBM in talks to buy Sun Microsystems - 9th March, 2009
International Business Machines Corp. is in talks to buy Sun Microsystems Inc. for at least $6.5 billion in cash, a deal that would shake up Silicon Valley and the corporate computing market, The Associated Press has learned.
A person familiar with the situation told the AP of the negotiations, confirming an earlier report Wednesday in The Wall Street Journal. This person spoke on condition of anonymity because the talks are ongoing.
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US agency says it failed to see some AIG flaws - 5th March, 2009
WASHINGTON (AP) -- The federal agency that oversaw American
International Group says its criticism of the company's corporate
governance grew increasingly severe over the past four years. But the Office of Thrift Supervision says it also failed to recognize the susceptibility of the company's complex financial instruments.
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