Wall Street Journal
Divided by a Two-Track Economy
For American business, it's a two track economy, with global players getting big boosts from fast-growing foreign markets, while companies focused on the U.S. are hemmed in by recession-scarred consumers.
Categories: Wall Street Journal
Chairman's Exit Jolts HSBC
The sudden departure of HSBC Chairman Stephen Green for the post of U.K. trade minister has touched off a scramble to find his replacement.
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Vodafone to Sell China Mobile Stake
Vodafone, under pressure to divest minority holdings, is selling its 3.2% stake in China Mobile for $6.58 billion. Proceeds will be used for stock buybacks and debt repayment.
Categories: Wall Street Journal
Vodafone to Sell China Mobile Stake
Vodafone, under pressure to divest minority holdings, is selling its 3.2% stake in China Mobile for $6.58 billion. Proceeds will be used for stock buybacks and debt repayment.
Categories: Technology, Wall Street Journal
Group May Bid for Potash
Chinese state-owned Sinochem has approached Singapore's state investment company, Temasek Holdings, to discuss the potential creation of a bidding consortium for Potash Corp.
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GGP to Start New CEO Hunt
Mall owner General Growth Properties will soon launch a search for executives to replace CEO Adam Metz and COO Thomas Nolan as it prepares to exit bankruptcy court protection.
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China Buys More Japanese Bonds in July
China ramped purchases of Japanese government bonds in July, adding to speculation that the growing money flow could be contributing to the strong yen.
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BP to Take Some, Not All, Blame in Report
BP's report on its investigation into the Deepwater Horizon disaster will apportion some of the blame to itself but also hold other companies responsible for the various decisions that led to the explosion.
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Web Privacy Start-Ups Struggle
New companies are popping up to help people browse the Internet and send messages anonymously, but will people pay for Web-privacy software?
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Yen Pumps Up Luxury Prices
A surging yen is encouraging third-party websites to jump in with deep discounts on high-end luxury goods in Japan, where high-end retailers have been able to charge premiums for decades.
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Bristol to Buy Biotech Company
Bristol-Myers Squibb Co. agreed to acquire biotechnology company ZymoGenetics Inc. for $735 million, in a move to strengthen its pipeline of drugs for hepatitis and other diseases.
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Stocks, Euro Hit by Bank Worries
Questions about the rigor of recently completed stress tests imposed on European banks dragged down global stock markets and drove up borrowing costs for several European nations.
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Facing the U.K.'s Problems with Exports
Despite a big depreciation in the pound over the past two years that should have made British-manufactured goods cheaper for foreign buyers, its exports haven't risen rapidly.
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Why Harrisburg Surrendered
Lay off police? Delay paying the light bill? The story behind Harrisburg, Pa.'s decision to default on its debt.
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Barclays: Diamond Pick Isn't a Shift
Barclays confirmed investment-banking boss Robert E. Diamond Jr. will become the U.K. bank's chief executive next spring, as officials tried to dispel the notion the move represented a fundamental shift.
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Inquiry Zeroes In on Google Deal
Google's plan to buy travel-search software firm ITA raises two competition issues for U.S. regulators.
Categories: Technology, Wall Street Journal
U.S. Blacklists Tehran Bank
The U.S. Treasury added Iran-owned, German-based European-Iranian Trade Bank to its key blacklist , saying the bank has provided a financial lifeline to Iranian companies involved in weapons proliferation.
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H-P Sues to Stop Ex-Chief's New Job
H-P sued to block former CEO Mark Hurd from joining rival Oracle as a senior executive, citing trade-secret and other concerns.
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Goldman in Bond Deal
Goldman Sachs Group is about to start selling municipal bonds directly to Mom and Pop.
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Cisco Settles Charges
The Justice Department said Cisco and Westcon Group North America agreed to pay $48 million to settle charges that the companies made misrepresentations during contract negotiations with the federal government.
Categories: Wall Street Journal
