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- NASA at 50: Many happy returns?
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America’s space agency has reached middle age. Will it recapture the glory of its youth?WHEN asked what he would like as a birthday present for the organisation he runs, Michael Griffin answers: “An understanding that not everything that is worthwhile can be justified in terms of immediate dollars and cents on the balance sheet.” It is an artful reply. But NASA, America’s space agency, did not survive to be 50 years old without being artful. The agency was born on July 29th 1958. It was thrown together in response to Sputnik, the first artificial satellite, which was launched by the Soviet Union in October 1957, and it was given extra impetus by the flight of the first cosmonaut, Yuri Gagarin, in April 1961. …
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25 July, 2008| massmedia |
Comments (0) @ 23:53
- NASA at 50: Many happy returns?
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America’s space agency has reached middle age. Will it recapture the glory of its youth?WHEN asked what he would like as a birthday present for the organisation he runs, Michael Griffin answers: “An understanding that not everything that is worthwhile can be justified in terms of immediate dollars and cents on the balance sheet.” It is an artful reply. But NASA, America’s space agency, did not survive to be 50 years old without being artful. The agency was born on July 29th 1958. It was thrown together in response to Sputnik, the first artificial satellite, which was launched by the Soviet Union in October 1957, and it was given extra impetus by the flight of the first cosmonaut, Yuri Gagarin, in April 1961. …
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25 July, 2008| massmedia |
Comments (0) @ 23:53
- BA execs said to face price-fixing charges
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LONDON (Reuters) - Four past and present British Airways executives will be charged with fixing the price of passenger fuel surcharges on transatlantic flights, the Financial Times reported on Saturday.
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Original Source: feeds.reuters.com
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25 July, 2008| massmedia |
Comments (0) @ 19:40
- U.S. regulators seize two more banks
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WASHINGTON (Reuters) - U.S. regulators took over two banks on Friday and sold them to Mutual of Omaha Bank, the sixth and seventh bank failures this year as financial institutions struggle with a housing bust and credit crunch.
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Original Source: feeds.reuters.com
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25 July, 2008| massmedia |
Comments (0) @ 19:17
- Tesco near to buy out of personal finance partner
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LONDON (Reuters) - Tesco is near to reaching a 1 billion pound deal to buy out Royal Bank of Scotland’s stake in their personal finance joint venture, sources familiar with the matter said.
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Original Source: feeds.reuters.com
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25 July, 2008| massmedia |
Comments (0) @ 13:10
- Breakup of HBOS mulled
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LONDON/SYDNEY (Reuters) - U.S. investment bank JP Morgan has held talks with potential partners about forming a consortium to break up mortgage lender HBOS, The Daily Telegraph newspaper reported.
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Original Source: feeds.reuters.com
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25 July, 2008| massmedia |
Comments (0) @ 13:02
- Tesco to buy out its personal finance partner
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LONDON (Reuters) - Tesco , Britain’s biggest retailer, is near to reaching a 1 billion pound deal to buy out Royal Bank of Scotland’s stake in their personal finance joint venture, sources familiar with the matter said.
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Original Source: feeds.reuters.com
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25 July, 2008| massmedia |
Comments (0) @ 12:54
- Oil hits 7-week low on faltering demand
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NEW YORK (Reuters) - Oil dropped $2 to a fresh seven-week low on Friday, extending a decline that has knocked more than $23 off crude in two weeks as high fuel prices continue to batter demand.
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Original Source: feeds.reuters.com
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25 July, 2008| massmedia |
Comments (0) @ 11:59
- Ryanair gives Alitalia the finger
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ROME (Reuters) - Italy has accused Ryanair of employing a “vulgar and offensive” ad against rival airline Alitalia that made it look as if an Italian cabinet minister was giving passengers the finger.
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Original Source: feeds.reuters.com
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25 July, 2008| massmedia |
Comments (0) @ 11:54
- Standard Life system bug hits 35,000 portfolios
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LONDON (Citywire) - Standard Life is in the process of correcting 35,000 of its customers’ portfolios after a bug in an internal pricing and administration platform introduced last year caused errors in the prices of some of its pensions and investment funds.
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Original Source: feeds.reuters.com
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25 July, 2008| massmedia |
Comments (0) @ 11:37
- Sanofi to buy vaccine maker Acambis
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LONDON (Reuters) - Sanofi-Aventis agreed on Friday to buy British vaccine maker Acambis for 276 million pounds, in a deal that underscores big drug companies’ hunger for biotech assets.
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Original Source: feeds.reuters.com
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25 July, 2008| massmedia |
Comments (0) @ 10:46
- EDF Energy leads energy price hikes
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LONDON (Reuters) - EDF Energy on Friday increased household power and gas prices for the second time this year, while its competitors said they had no immediate plans to hike rates in response to soaring wholesale costs.
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Original Source: feeds.reuters.com
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25 July, 2008| massmedia |
Comments (0) @ 10:18
- FTSE closes lower as banks and insurers weigh
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LONDON (Reuters) - The blue-chip index ended 0.2 percent lower on Friday, as banking and insurance stocks fell on a gloomy economic outlook, outweighing gains in commodities and retail sector shares.
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Original Source: feeds.reuters.com
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25 July, 2008| massmedia |
Comments (0) @ 9:26
- Acambis agrees bid from Sanofi Pasteur
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LONDON (Reuters) - Vaccine maker Acambis said on Friday it had agreed to a takeover offer from Sanofi Pasteur that values the British company at around 276 million pounds.
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Original Source: feeds.reuters.com
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25 July, 2008| massmedia |
Comments (0) @ 9:20
- Europe stocks dip as profit warnings eclipse data
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PARIS (Reuters) - European stocks ended slightly lower on Friday, after a flurry of better-than-expected U.S. economic data failed to eclipse a profit warning by Munich Re that knocked insurers lower.
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Original Source: feeds.reuters.com
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25 July, 2008| massmedia |
Comments (0) @ 9:18
- SemGroup’s failure shocks backers
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NEW YORK (Reuters) - The dramatic collapse of energy trader SemGroup LP shocked the privately held firm’s backers who until last week had little idea of the extent of the oil trading losses that sank it, sources said this week.
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Original Source: feeds.reuters.com
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25 July, 2008| massmedia |
Comments (0) @ 9:17
- Hope of deal in world trade talks
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Global trade talks that earlier looked near collapse have made progress and a deal might now be possible….
Original Source: news.bbc.co.uk
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25 July, 2008| massmedia |
Comments (0) @ 8:58
- Oil prices slip to seven-week low
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Oil prices tumble to seven-week lows amid concern that the slowing US economy will weaken demand….
Original Source: news.bbc.co.uk
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25 July, 2008| massmedia |
Comments (0) @ 8:30
- Deutsche Bank economist sees bank pain
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NEW YORK (Reuters) - U.S. and European bank write-downs and losses will likely stretch out over the next nine months, expanding beyond problem mortgages to other forms of consumer credit, Deutsche Bank’s chief U.S. economist said on Friday.
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Original Source: feeds.reuters.com
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25 July, 2008| massmedia |
Comments (0) @ 8:17
- HBOS cuts mortgage rates
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LONDON (Reuters) - HBOS, Britain’s biggest mortgage lender, said it is cutting rates on some of its home loans, the third time it has reduced borrowing costs this month.
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Original Source: feeds.reuters.com
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25 July, 2008| massmedia |
Comments (0) @ 7:55