Afghans Move to Bail Out Kabul Bank
Posted on 5 September 2010 | 3:52 pm
Afghanistan's government inched closer to bailing out the country's largest bank, setting aside hundreds of millions of dollars that could be used to keep Kabul Bank solvent, officials said.

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George Clooney's 'The American' Tops Labor Day Box Office
Posted on 5 September 2010 | 2:04 pm
George Clooney's "The American" shot past rivals at the box office over the Labor Day holiday weekend.

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BIS Questions Growth Tradeoff
Posted on 5 September 2010 | 1:35 pm
Sustained debt reduction need not be a cause of weaker growth in the aftermath of a crisis, as long as policy makers fix the problems that caused the turmoil in the first place, the Bank for International Settlements said.

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Samsung Flags Expansion
Posted on 5 September 2010 | 1:06 pm
South Korea's Samsung Electronics is considering investing a record $25.55 billion next year to bolster its existing operations and expand into new business segments.

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Mark Hurd Discusses A Top Role at Oracle
Posted on 5 September 2010 | 11:51 am
Mark Hurd, who resigned as chief executive of Hewlett-Packard last month, is in talks to join Oracle as a top executive.

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UPS Plane Had Smoke in Cockpit
Posted on 5 September 2010 | 11:43 am
Investigators said a UPS cargo plane that crashed in Dubai shortly after takeoff Friday had smoke in the cockpit and was struggling to maintain altitude.

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Craigslist Adult Ads: "Censored"
Posted on 5 September 2010 | 11:34 am
The Adult Services section of Craigslist has been removed and replaced with the word "censored" since Friday night.

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Rosneft Taps New CEO
Posted on 5 September 2010 | 11:13 am
The board of Rosneft nominated Eduard Khudainatov as the new head of the state-controlled oil major, less than a day after Russian President Dmitry Medvedev's ordered his appointment.

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Hon Hai Cuts Target for Long-Term Sales
Posted on 5 September 2010 | 10:34 am
Hon Hai is lowering its long-term target for annual sales growth to 15% from twice that level previously, Chairman Terry Gou said.

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Berggruen Looks to Revive Karstadt
Posted on 5 September 2010 | 7:26 am
For billionaire investor Nicolas Berggruen, signing a deal to acquire insolvent German retailer Karstadt was only half the battle.

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As Gold Climbs, So Do the Deals
Posted on 5 September 2010 | 7:19 am
Gold prices are edging up toward a high, at $1,249.20 an ounce, triggering multibillion-dollar deals by miners doubling down on the staying power of bullion's nearly decadelong rally.

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Texas Probing Google's Searches
Posted on 4 September 2010 | 10:27 am
Google said the Texas attorney general's office is conducting an antitrust review of the Web giant's core search-engine business, another sign of growing government scrutiny of the company.

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Jobs Data Provide Hope
Posted on 4 September 2010 | 10:08 am
The U.S. economy lost jobs for the third month in a row in August, but modest hiring by the private sector eased concerns of a double-tip recession.

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U.S. Plans to Deploy Broader Mortgage Aid
Posted on 4 September 2010 | 9:11 am
The Obama administration on Tuesday will launch its most ambitious effort at reducing mortgage balances for homeowners that owe more than their homes are worth.

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Korea Finance to Issue Dollar Bonds
Posted on 4 September 2010 | 4:01 am
Policy-funding firm Korea Finance plans to raise $750 million through U.S. dollar-denominated bonds sometime this year.

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KT to Sets iPhone Date
Posted on 4 September 2010 | 3:19 am
South Korea's KT Corp. will start selling Apple's iPhone 4 in the country on Sept. 10.

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Stocks Snap 3-Week Skid
Posted on 4 September 2010 | 2:23 am
The Dow Jones Industrial Average finished up 127.83 points, or 1.24%, to 10447.93, putting the Dow up 2.9% on the week—its first positive weekly showing since the beginning of August.

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China Set on Lowering Property Prices
Posted on 3 September 2010 | 9:19 pm
The Chinese government remains committed to forcing down housing prices, despite worries about a weak global economy and complaints from property developers.

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Cuomo Probes Cards' School Ties
Posted on 3 September 2010 | 7:11 pm
New York State Attorney General Andrew Cuomo announced a statewide investigation of credit-card companies marketing to college students through schools.

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Libor Falls as Banks Sit on Cash
Posted on 3 September 2010 | 6:52 pm
A key interest rate on short-term loans between banks is at its lowest level in five months, but the decline may be more a sign of bank caution than an all-clear for the financial markets.

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