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Japan Electronics Makers Warn of $17 Billion Loss as Samsung Tightens Grip - Bloomberg

February 5, 2012

Japan

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online, technology - Comments closed

Fed still divided as Fisher sees no need for QE3

February 4, 2012

A third round of large-scale asset purchases by the Federal Reserve is not needed and would compound the difficulties of tightening monetary policy when the time finally comes, a top Fed official said on Thursday.
“Personally I don’t see how you can justify it given the state of the current economy,” Dallas Federal Reserve President […]

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economics, stocks - Comments closed

Longest S&P 500 Valuation Slump Since Nixon Discounting Record U.S. Profit - Bloomberg

January 30, 2012

Valuations for U.S. equities have been stuck below the five-decade average for the longest period since Richard Nixon

finance, lenders - Comments closed

Private creditors: Deal with Greece close

January 28, 2012

Officials say talks between Greece and private creditors on halving the country’s privately held debt load have ended and a deal is very close.
A statement from creditor representatives Charles Dallara and Jean Lemierre says the two sides are “close to the finalization of a voluntary (private sector involvement) … We expect to conclude next week […]

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Buffett gave $42M in stock to 8 unnamed charities

January 27, 2012

Billionaire Warren Buffett donated stock in his company worth $41.6 million to eight unnamed charities during the second half of 2011.
Buffett revealed the donations Wednesday in a year-end update on his Berkshire Hathaway Inc. stock holdings.
Buffett gave away 521,292 Class B shares of Berkshire stock between July and the end of December. These gifts are […]

economics, management - Comments closed

Microsoft and IBM push Dow up, Google falls

January 22, 2012

Microsoft and IBM drove the Dow Jones industrial average up after the tech giants reported stronger earnings than analysts had expected.
The Dow rose 97 points Friday to close at 12,720. That’s a gain of 0.8 percent.
The S&P 500 index inched up 1 point to 1,315.
An earnings miss by Google caused its stock to plunge 8 […]

economics, marketing - Comments closed

Fed

January 10, 2012

The Federal Reserve will pay $76.9 billion to the U.S. Treasury as part of an annual dividend it remits after covering its own expenses from interest on its ballooning bond portfolio and other gains.
Total assets on the Fed

legal, management - Comments closed

Geist: Are Canada

January 9, 2012

One of the first Canadian digital-era laws was the Uniform Electronic Commerce Act, a model law created by the Uniform Law Conference of Canada in the late 1990s. The ULCC brings together officials from federal, provincial, and territorial governments to work on model laws that can be implemented in a similar manner across all Canadian […]

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Boeing reportedly closing Wichita defense operations

January 4, 2012

Boeing plans to close its defense operations in Wichita, Ks., a move that will result in about 2,000 people losing their jobs, according to Bloomberg News.
Citing anonymous sources, Bloomberg said the announcement will be made to Wichita employees at a 10:30 a.m. meeting today
Boeing said in November it was studying the Wichita plant’s future, including […]

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Exxon Mobil: $908 M awarded in Venezuela dispute

January 2, 2012

An international arbitration body has awarded Exxon Mobil Corp. nearly $908 million in a dispute with Venezuela over compensation for the nationalization of its assets, the company said Sunday.
Exxon Mobil sought arbitration after President Hugo Chavez’s government nationalized an oil project in the country in 2007.
The decision by the International Chamber of Commerce confirmed that […]

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