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NEWS: Business and Financial

Taiwan Seeks Nan Shan Decision by June

Wall Street Journal: Financial - 14 hours 16 min ago
Taiwan's government said it is planning to decide on whether it will approve a Hong Kong consortium's long-awaited bid to buy AIG's Taiwan unit by the end of June.

Offshore Brazil Beckons for BP

Wall Street Journal: Financial - 14 hours 17 min ago
The British oil giant agreed to acquire a big swath of oil assets from Devon Energy for $7 billion, in a deal that will vault BP into the hot new oil region off the shores of Brazil.

Rattner in Talks to Settle Probe

Wall Street Journal: Financial - 14 hours 18 min ago
The Wall Street financier and former auto czar is in settlement talks to resolve his role in the "pay to play" investigation at the New York state pension fund.

Mitsubishi Unlikely to Lift Stake in China Joint Venture

Wall Street Journal: Financial - 14 hours 20 min ago
Mitsubishi Motors, already lagging behind other foreign auto makers in China, is unlikely to accept an opportunity to increase its stake in one of its two main joint ventures in the country because it wants to preserve cash.

Stock futures fall modestly ahead of open

AP: Business - 14 hours 20 min ago
NEW YORK (AP) -- Stock futures fell modestly Thursday as the market remains stuck in a tight range. A lack of economic reports have kept a lid on big movements this week....

Toyota troubles put spotlight on US safety agency

AP: Business - 14 hours 30 min ago
WASHINGTON (AP) -- Toyota's massive recalls are prompting Congress to reconsider whether the nation's auto safety agency has lived up to its mission of protecting motorists....

Health-care reform's 'back-door' tax

CNN: Business - 14 hours 31 min ago
The big talk on Capital Hill may be about health-care reform, but as part of this massive undertaking, the Democrats are quietly reshaping the tax system too. Tucked inside President Obama's latest health-care proposal is a major change to the Medicare tax.

$2 billion Thai bank merger set

Wall Street Journal: Financial - 14 hours 36 min ago
Thanachart Bank will buy a 47.58% stake in Siam City Bank PCL from the Bank of Thailand's rescue arm in a deal worth 68 billion baht ($2.08 billion), making it Thailand's second-largest merger and acquisition deal in the financial sector.

Foreclosures drop for 2nd month in February: RealtyTrac

Reuters: Financial - 14 hours 46 min ago
NEW YORK (Reuters) - U.S. mortgage foreclosure filings dropped for a second straight month in February, and notched the smallest annual increase in four years as housing-rescue efforts contained activity, a report released on Thursday showed.


Swiss Data Theft Hits HSBC Clients

Wall Street Journal: Financial - 14 hours 49 min ago
HSBC's Swiss private bank issued a public apology to its clients for the theft of 15,000 sets of client data, allegedly by a former employee who had access to client names.

Smithfield Foods returns to 3rd-quarter profit

AP: Business - 14 hours 50 min ago
SMITHFIELD, Va. (AP) -- Meat processor Smithfield Foods returned to a profit in the third quarter, partly due to strength in its packaged meats business and higher sales overseas....

Stock futures slip ahead of jobless data

Reuters: Financial - 14 hours 50 min ago
NEW YORK (Reuters) - U.S. stock index futures were slightly lower on Thursday ahead of data on weekly jobless claims and international trade.


Stocks poised for weak open

CNN: Business - 14 hours 53 min ago
U.S. stocks were set for a weak open Thursday as investors remain skittish in the absence of any major market moving news.

Smithfield Foods Swings To a Profit

Fox News: Business - 14 hours 54 min ago
Smithfield Foods Swings To a Profit

Dollar mixed ahead of jobs data

CNN: Business - 14 hours 55 min ago
The dollar was mixed against other currencies Thursday, down against the pound and flat against the euro and yen, ahead of U.S. economic data.

HSBC: data on 24,000 Swiss account holders stolen

AP: Business - 14 hours 59 min ago
GENEVA (AP) -- Information on 24,000 HSBC customers with Swiss accounts has been stolen, the British bank said Thursday, potentially exposing large numbers of international clients to prosecution by tax authorities in their home countries....

BMW's 2009 Profit Slides 36%

Wall Street Journal: Financial - 15 hours 2 min ago
BMW reported a 36% slump in 2009 net profit in a year that saw a steep downturn for luxury car makers, but said it is cautiously optimistic for 2010.

Toyota hands over 2006 dissident memo to U.S. panel

Reuters: Financial - 15 hours 4 min ago
TOKYO (Reuters) - Toyota Motor said on Thursday it has handed over to a U.S. congressional committee a letter sent to its management by a splinter union in 2006 seeking reforms to improve safety after a recall crisis at the time.


Watchdog: GMAC bailout could cost taxpayers $6.3B

AP: Business - 15 hours 9 min ago
WASHINGTON (AP) -- The Treasury Department sank billions into auto finance giant GMAC Inc. without an exit strategy or proof the company was viable - a decision that could cost taxpayers $6.3 billion, a new watchdog report says....

Greece hit by strikes over austerity plan

AP: Business - 15 hours 9 min ago
ATHENS, Greece (AP) -- Greek police fired tear gas to disperse protesters throwing rocks and firebombs outside Parliament as more than 20,000 people marched through central Athens during a nationwide strike against the government's harsh new austerity measures....
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