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A sharp rise in British retail sales pierced the global economic gloom like a rare shaft of sunlight on Thursday, but other developments showed that hopes that storm clouds would disperse were premature.
A Reuters survey said business pessimism was...
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The U.S. housing crisis produced its first high-profile Wall Street arrests on Thursday, while the Bush administration called for broadening the Federal Reserve’s powers over investment banks and said it has charged hundreds of people in a...
European Union lawmakers voted Wednesday to allow undocumented migrants to be held in detention centers for up to 18 months and banned from European Union territory for five years.
Criticized by groups like Amnesty International as “severely...
Four Western oil companies are in the final stages of negotiations this month on contracts that will return them to Iraq, 36 years after losing their oil concession to nationalization as Saddam Hussein rose to power.
Exxon Mobil, Shell, Total and BP...
Web communications leader Skype begins public testing on Wednesday of a new version of its software for making free or low-cost phone calls that aims to make casual video chatting more common.The Luxembourg-based unit of online auction leader eBay Inc...
he Instinct, Sprint Nextel Corp’s (S.N: Quote, Profile, Research, Stock Buzz) answer to the iPhone, will sell for $130 after rebate, Sprint said on Wednesday.Sprint, which has been suffering from steep customer losses, has said it will spend more...
Know someone who loves gadgets and can’t wait to buy the newest model? Chances are you would describe them as assertive and a strong leader — and possibly arrogant, according a U.S. research.An online study evaluating the characteristics of...
Senator Barack Obama’s presidential campaign has apologized for keeping Muslim women wearing headscarves out of a key shot at his Detroit event.According to Politico’s Ben Smith, campaign volunteers told at least two Muslim women that they could not...
Lehman Brothers Holdings Inc (LEH.N: Quote, Profile, Research, Stock Buzz) is not in talks for a sale of the firm nor is its Chief Executive Richard Fuld considering such a move, a person close to the company said on Wednesday.
Earlier, CNBC television...
Package delivery company FedEx Corp posted a quarterly loss on Wednesday due to high fuel prices, a weak U.S. economy and a previously announced write-down, and issued a weak forecast for fiscal 2009.
The news sent the company’s shares down 5...
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