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No need to fear a recession: policy-makers
WASHINGTON (Reuters) - Policy-makers assured nervous investors on Friday that the United States was not heading into recession and recent stock market losses did not warrant central bank ...

Business Books: The driven culture of UPS
NEW YORK (Reuters) - If you ever wanted to learn more about UPS, the U.S. package delivery company, then 2007 is the year to do it.

Airbus sticks to job cuts, mulls partner options
FRANKFURT (Reuters) - The co-chief executives of Airbus parent company EADS said there was no alternative to thousands of job cuts at the troubled European planemaker and warned that ...

Ford talks to Prodrive on Aston Martin sale: paper
LONDON (Reuters) - Ford Motor Co. is in exclusive talks with Prodrive, a motor racing company, over the potential sale of the U.S. carmaker's Aston Martin luxury car unit, The Times said ...

Jobs data, Asian marts to call stocks' tune
NEW YORK (Reuters) - Licking their wounds after stiff losses, jittery investors will be looking for relief next week in the form of reassurance that the U.S. economy will keep growing at a ...

Starbucks steams at "Starstrucks" Indian coffee chain
MUMBAI (Reuters) - Starbucks Corp. is opposing Indian entrepreneur Shahnaz Husain's plans to start a chain of coffee shops called Starstrucks, the Mint business paper reported.

Star Cruises to withdraw from Singapore casino
SINGAPORE (Reuters) - Genting International said sister firm Star Cruises would withdraw from a $3.4 billion Singapore casino venture, leaving the gaming company in full control.

Citigroup to sell Nikko principal finance arm: report
TOKYO (Reuters) - Citigroup is considering selling Nikko Cordial Corp's principal finance arm if it acquires the scandal-hit Japanese brokerage group, the Nikkei business daily said on ...

Market moves don't reflect strong economy: Paulson
WASHINGTON (Reuters) - Treasury Secretary Henry Paulson said on Friday that recent financial market volatility does not necessarily reflect strong fundamentals in the U.S. economy, nor ...

Bernanke says globalization may boost U.S. inflation
PALO ALTO, California (Reuters) - Global factors may on balance have boosted U.S. inflation, but globalization has not affected the ability of the Federal Reserve to influence U.S.

MAF Bancorp sees charge due to balance sheet restructuring
(Reuters) - MAF Bancorp Inc. said it expects to record a fourth-quarter charge of 45 cents a share as it is undertaking a balance sheet restructuring.

SEC's Cox defends compensation disclosure change
WASHINGTON (Reuters) - The top U.S. securities regulator defended his agency's relaxing the rules governing disclosure of stock options on Wednesday.

Fidelity's own gifts probe seen softening SEC blow
BOSTON (Reuters) - Fidelity Investments' move to reimburse its funds with more than $42 million, which it decided after an internal probe of improper gifts to its traders, should help ...

Alcoa Cleveland Works' UAW workers ratify contract
NEW YORK (Reuters) - Aluminum producer Alcoa Inc. said on Wednesday members of United Auto Workers Local 1050, which represents 830 employees at its facility in Cleveland, Ohio, ratified a ...

U.S. says Virgin America can't fly as structured
WASHINGTON (Reuters) - U.S. transport regulators said on Wednesday they had tentatively rejected Virgin America Inc.'s application to fly, saying its ownership structure did not meet a U.S.

Apple shares recover
BOSTON (Reuters) - Apple Computer Inc. shares fell as much as 6 percent on Wednesday on a report of new developments in its stock options inquiry, but the shares later turned positive after ...

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