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Archive for 'finance'

S&P raises outlook on Toronto-Dominion Bank

July 1, 2010

Standard & Poor’s Ratings Services revised its outlook for Toronto-Dominion Bank to positive from stable.
One reason cited for the revision was the expectation that TD Bank would successful integrate its most recently announced U.S. acquisitions, including The South Financial Group.
South Financial (NASDAQ: TSFG), headquartered in Greenville, S. C., does business in Florida as Mercantile Bank […]

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Gabriel’s Liquor, Silver Eagle Distributors join underage drinking crackdown

May 15, 2010

Gabriel’s Liquor and Silver Eagle Distributors are participating in Anheuser-Busch’s We I.D. program aimed at curbing underage drinking.
As part of the program, the San Antonio-based beer, wine and spirits chain will display posters and signage in its 46 locations to let patrons know that each store will be asking for valid identification whenever they purchase […]

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City board can accelerate transport museum

April 20, 2010

One more review and the latest expansion phase for the Buffalo Transportation/Pierce-Arrow Museum can finally begin.
The Buffalo Planning Board, Tuesday morning, will be meeting with museum founder James Sandoro to go over his proposed construction of a 21,244-square-foot, single story atrium. Board approval is central to his larger plan of a 60-foot-tall and 60,000-square-foot atrium […]

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Toyota used evasion as legal tactic, inquiry finds

April 15, 2010

MIAMI — Toyota has routinely engaged in questionable, evasive and deceptive legal tactics when sued, claiming it does not have information it is required to turn over and sometimes even ignoring court orders to produce key documents, an Associated Press investigation shows.
In a review of lawsuits filed around the country involving a […]

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Apple presents the iPad

January 29, 2010

After months of speculation and hype, Apple unveiled a portable device Wednesday called the iPad that will attempt to usher in a new era of touch-screen tablet computing, filling a gap between smart phones, laptops and eBook readers.
Apple’s CEO Steve Jobs unveiled the iPad to a rapt audience, calling it "the most […]

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OECD’s Gurria Says Economic Recovery Still ‘Fragile’

January 10, 2010

The nascent recovery in the world’s developed economies is at risk from rising joblessness, weak banks and high oil prices, said Angel Gurria, Secretary General of the Organization for Economic Cooperation and Development.
Bank lending in Europe and the U.S. is still slower than usual and economic acceleration “still seems weak, fragile,” Gurria said. […]

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Robert Kelly won’t become Bank of America CEO

December 15, 2009

Bank of America, one of the top five banks in the Raleigh-Durham market, doesn’t have its man after all. Robert Kelly, the CEO at Bank of New York Mellon, has told his employees he intends to stay put. In a company-wide memo, Kelly told his staff that he was approached by another bank, but decided […]

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Fujii Says Japan Must Cap Bond Sales as Hatoyama Backpedals

December 14, 2009

Japanese Finance Minister Hirohisa Fujii said the government must cap bond sales at 44 trillion yen ($495 billion) next year, in contrast with Prime Minister Yukio Hatoyama, who indicated he is prepared to abandon the pledge.
“Such a figure doesn’t need to be seen as a big problem for the Cabinet,” Fujii said at […]

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Fed’s Plosser: Policy shouldn’t tackle energy prices

November 20, 2009

Central banks should not respond to wild swings in food and energy prices with monetary policy unless expectations of inflation become unhinged, a senior U.S. Federal Reserve official said on Thursday.
Large commodity price moves can have a detrimental impact on emerging economies, but it is “generally a mistake” to use monetary policy as a […]

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BlackRock says c.banks to be net buyers of gold

November 17, 2009

Central banks will be net buyers of gold this year as they diversify away from the U.S. dollar, marking a reversal of a decades-old trend, global commodities investment fund BlackRock said on Monday in comments that helped drive bullion to fresh record highs.
Investment in gold by central banks has picked up recently, with India […]

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