IPO News
CAW union head Hargrove to step down earlier
TORONTO, July 8 (Reuters) - Canadian Auto Workers union President Buzz Hargrove will step down from his position by mid-September, earlier than previously expected, the union said on Tuesday.
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UPDATE1-U.S. gasoline to average $3.84/gal this year - EIA
WASHINGTON, July 8 (Reuters) - Gasoline prices will remain above $4 a gallon for the rest of the year, while oil prices will continued to be pressured by the tight market for crude, the U.S. Energy...
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Housing agency expands mortgage aid program
WASHINGTON (Reuters) - The Federal Housing Administration will loosen its mortgage refinance program to help more delinquent borrowers and those facing hardships like job loss, the agency said on Tues...
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Activision-Vivendi merger will shake gaming biz
NEW YORK (Hollywood Reporter) - Let the games begin. Activision Inc shareholders Tuesday are expected to approve a merger with Vivendi Games that will allow the deal to close within days and create a ...
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UPDATE 2-Maguire agrees to sell California office property
Stock Buzz ) said on Tuesday it would sell Main Plaza, an office property in Orange County, California, to Shorenstein Properties LLC for about $211 million.
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FOREX-Dollar gains as Bernanke soothes financial markets
NEW YORK, July 8 (Reuters) - The dollar rebounded on Tuesday after Federal Reserve Chairman Ben Bernanke said the U.S. central bank may keep an emergency lending facility open beyond the end of the...
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Toronto stock index drops 100 points on lower oil
TORONTO, July 8 (Reuters) - The Toronto Stock Exchange's main index opened down 100 points on Tuesday, extending the previous session's tumble, as falling oil prices weighed on the resource-laden m...
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UPDATE 1-FDA OKs Invitrogen genetic test for breast cancer
"When used with other clinical information and laboratory tests, this test can provide health care professionals with additional insight on treatment decisions for patients with breast cancer," Dr....
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Global merger & acquisition meltdown
The global market for mergers and acquisitions remained depressed during the first half of 2008. M&A volume dropped 36 percent to $1.6 trillion, compared with the record-breaking first half of 20...
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UK building society Skipton mulled B&B bid-report
"Skipton considered bidding for Bradford & Bingley," John Goodfellow, chief executive of Britain's sixth-biggest building society said in the article. He said B&B customers would have supp...
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FOREX-Risk averse investors sweep yen, Swiss franc higher
LONDON, July 8 (Reuters) - The low-yielding Japanese yen rose against the euro and dollar on Tuesday and the Swiss franc also benefitted broadly as global economic jitters hobbled world stock marke...
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  • COLUMN - Cash converter won't mark bottom

    LONDON (Reuters) - The Federal Reserve's $200 billion (100 billion pound) refinancing plan is a nifty move, but is not to be confused with a solution or seen as marking the bottom of what could be a long bear market.

  • Guaranty Financial shares plunge on rights offer

    All Associated Press news NEW YORK (AP) - Guaranty Financial Group Inc.&#039;s stock plunged Thursday after the bank said filed with regulators to offer its shareholders the right to buy more stock at a di...