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EDF walks away from British Energy bid

LONDON/PARIS (Reuters) - French power giant EDF walked away from a 12 billion pound deal to buy British Energy early on Friday in a dramatic U-turn that could delay Britain’s plans to relaunch its nuclear programme.

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Original Source: feeds.reuters.com

31 July, 2008| massmedia | Comments (0) @ 23:41

Jardine Lloyd Thompson profit up

LONDON (Reuters) - Insurance broker Jardine Lloyd Thompson reported a better-than-expected 4 percent increase in half-year profit and said it was set for further growth despite a challenging economic environment.

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Original Source: feeds.reuters.com

31 July, 2008| massmedia | Comments (0) @ 23:32

JPMorgan and Hammerson end talks for City development

LONDON (Reuters) - U.S bank JPMorgan has pulled out of talks to move its European headquarters to a City of London office development planned by Hammerson and the City of London Corporation, the property firm said on Friday.

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Original Source: feeds.reuters.com

31 July, 2008| massmedia | Comments (0) @ 23:30

A&L profit wiped out by writedown

LONDON (Reuters) - Alliance & Leicester , which is being taken over by Spain’s Santander, said first-half profits were almost wiped out due to a 209 million pound hit to the value of risky assets and higher funding costs.

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Original Source: feeds.reuters.com

31 July, 2008| massmedia | Comments (0) @ 23:24

British Airways profits drop 88 percent

LONDON (Reuters) - British Airways posted an 88 percent fall in first quarter pretax profit on Friday due to spiralling oil prices, the economic slowdown and weaker consumer confidence.

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Original Source: feeds.reuters.com

31 July, 2008| massmedia | Comments (0) @ 23:22

BAE Systems earnings up 26 percent

LONDON (Reuters) - BAE Systems , Europe’s biggest defence company, posted a 26 percent rise in first-half earnings on Friday and said its full-year results would benefit from strong demand for armoured wheeled vehicles.

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Original Source: feeds.reuters.com

31 July, 2008| massmedia | Comments (0) @ 23:22

British Energy says not agreed takeover deal

LONDON (Reuters) - Nuclear operator British Energy Group said on Friday it had not agreed a takeover agreement with an unidentified suitor, which sources familiar with the matter have said is France’s EDF.

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Original Source: feeds.reuters.com

31 July, 2008| massmedia | Comments (0) @ 23:14

It’s a buyer’s market. Haggle.

If there’s any silver lining to this sluggish economy, it’s this: You, the consumer, are back in charge. For most products and services, “you have a lot more power to name your price,” says Nancy Koehn, a retail history professor at Harvard Business School.
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Original Source: rss.cnn.com

31 July, 2008| massmedia | Comments (0) @ 21:00

It’s a buyer’s market. Haggle.

31 July, 2008| massmedia | Comments (0) @ 21:00

Retail outlook said worst since early 1990s

LONDON (Reuters) - The next 12 months are likely to be the slowest period for Britain’s retailers since the early 1990s, researchers Experian said on Friday.

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Original Source: feeds.reuters.com

31 July, 2008| massmedia | Comments (0) @ 20:51

GM said in talks with Mahindra and others on Hummer

NEW YORK (Reuters) - General Motors is in talks with Indian automaker Mahindra & Mahindra and automakers in Russia and China about selling its Hummer brand, sources familiar with the matter said.

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Original Source: feeds.reuters.com

31 July, 2008| massmedia | Comments (0) @ 20:15

U.S. economy fears plague stocks but buoy bonds

HONG KONG (Reuters) - Asian investors balked at ugly U.S. economic data and a grim outlook for Japanese banks, causing stocks to sag and safe-haven bonds to perk up on Friday, while oil fell further after its biggest monthly drop since 2004.

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Original Source: feeds.reuters.com

31 July, 2008| massmedia | Comments (0) @ 20:10

Outcry expected at Yahoo meeting

SAN FRANCISCO (Reuters) - Yahoo’s annual investor meeting on Friday will be a magnet for discontent over the company’s failure to reach a merger deal with Microsoft and complaints about the company’s past performance.

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Original Source: feeds.reuters.com

31 July, 2008| massmedia | Comments (0) @ 18:35

Thousands laid off in California

Governor Arnold Schwarzenegger of California moves to end a budget crisis by sacking 22,000 state workers….
Original Source: news.bbc.co.uk

31 July, 2008| massmedia | Comments (0) @ 17:33

Darling seen looking at windfall energy tax

LONDON (Reuters) - Chancellor Alistair Darling is looking at imposing a windfall tax on energy companies although the government is divided on the issue, a newspaper reported on Friday.

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Original Source: feeds.reuters.com

31 July, 2008| massmedia | Comments (0) @ 17:07

GFI Group 2nd-qtr profit jumps

(Reuters) - Inter-dealer broker GFI Group , which earlier confirmed that it was in merger talks with rival Tullett Prebon , said quarterly profit rose 24 percent, helped by higher brokerage revenue.

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Original Source: feeds.reuters.com

31 July, 2008| massmedia | Comments (0) @ 16:42

US growth stays positive

The Treasury Secretary predicts better times as figures show the US economy grew at a slower-than-expected rate of 1.9%….
Original Source: news.bbc.co.uk

31 July, 2008| massmedia | Comments (0) @ 16:39

Artful investing

Could a passion for paintings be profitable?…
Original Source: news.bbc.co.uk

31 July, 2008| massmedia | Comments (0) @ 16:30

Biogen and Elan report Tysabri brain disease cases

LOS ANGELES/NEW YORK (Reuters) - Biogen Idec and Elan have notified regulators of two new cases of a potentially deadly brain disease in multiple sclerosis (MS) patients being treated with Tysabri.

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Original Source: feeds.reuters.com

31 July, 2008| massmedia | Comments (0) @ 16:15

Wealth of nations

The foreign funds buying up British businesses…
Original Source: news.bbc.co.uk

31 July, 2008| massmedia | Comments (0) @ 16:15

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