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Aug 19, 2011

BUSINESS News, Aug 19, 2011


Stock market free fall wipes out most gains of recent trading
Toronto Star
In Canada, Finance Minister Jim Flaherty is expected to tell the House of Commons finance committee on Friday that the country is in a better position than most to weather the globaleconomic storm. It's an assertion supported by a recent flight of ...
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Global Agenda: Crisis of confidence
Jerusalem Post
By PINCHAS LANDAU The latest batch of economic data from the US and around the world makes clear that the American and global economies are sinking fast. A few days of sharp gains and a few more of relative stability, following the severe sell-off in ...
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World on edge of crisis: ANZ
Brisbane Times
The world economy is on the edge of another economic crisis, ANZ chief executive Mike Smith says. Mr Smith said the fragile economic situation in the US and Europe in particular, was "delicately poised" and this was likely to cause global markets to ...
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Asia Stocks Set for Fourth Weekly Drop as Growth Concern Deepens
BusinessWeek
19 (Bloomberg) -- Asian stocks fell, with the regional index revisiting levels from last week's globalstock rout, amid signs the world economy is slowing and Europe's debt crisis will damage the banking system. South Korea's Kospi Index was set to ...
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World stocks slump on signs of recession
Times of India
London: Global stocks slumped on Thursday as more weak data fuelled concern that the world was heading for another recession, and after the US Federal Reserve reportedly expressed concerns over European banks' liquidity. Traders' screens were awash ...
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Unprecedented Gathering of 20 Global Leaders Address the Future of Business
Business Wire (press release)
The world's largest gathering of executives, the World Business Forum provides the latest cutting edge thinking, insights and knowledge from across a range of disciplines. Over the course of two days, leading business, political, and academic figures ...
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ASU ranked 21st among world's business schools
Arizona Republic
Thunderbird School of Global Management in Glendale wasn't ranked because of its specialized focus on international business. Thunderbird has been highly ranked on other lists, though. The school ranked 67th on the Financial Times list of top business ...
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Australia Stocks Slump as Global Growth Outlook Worsens Amid European Debt
Bloomberg
National Australia Bank Ltd., the country's biggest business lender, slumped 1.9 percent. Billabong International Ltd. (BBG), the world's biggest surfwear maker that gets almost half its sales from the Americas, tumbled 21 percent after annual profit ...
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Corin Dann: Can NZ weather economic storm?
TVNZ
So you'd have to say it's not entirely clear yet how much impact the global volatility is having on local investment and hiring intentions. The next Business Confidence survey in New Zealand will be very telling then, especially for the Reserve Bank ...
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US Surges to Near Global Lead in Mobile Data
PCWorld
By Stephen Lawson, IDG News US consumers are among the world's most voracious consumers of mobile data, motivated by the country's homegrown technology industry, according to analyst Chetan Sharma. The average US mobile data user will be consuming ...
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The real cost of America's global tax dodgers
Salon
For the last decade US-based business corporations have been engaged in the massive offshoring of good jobs to high-growth, low-wage areas of the world, especially China and India. In general, these companies have found offshoring to be immensely ...
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Salon
Analysis: Critics say new law makes them tax agents
Hartford Courant
NEW YORK (Reuters) - A US law meant to snuff out billions of dollars in offshore tax evasion has drawn the criticism of the world's banks and business people, who dismiss it as imperialist and "the neutron bomb of the global financial system. ...
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Oklahoma Business Briefs: Nation & World
NewsOK.com
PEORIA, Ill. — Caterpillar says global sales of its heavy equipment grew 35 percent in July even though last year's numbers were strong. The world's largest maker of mining and construction equipment provided an update on sales Thursday in documents ...
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HP bails out on the PC
Computerworld
Just last month, Gartner noted that HP was holding strong even as it faced new challenges in its consumer PC business. A recent Gartner report noted that sales in the worldwide PC market have been slowing. For instance, global PC shipments were up only ...
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Turmoil in tech valley reflected in latest deals
Monsters and Critics.com
By Andy Goldberg Aug 19, 2011, 0:59 GMT San Francisco - The world's largest PC maker announces it is quitting the PC business to concentrate on business software. Google announces its intention to buy Motorola, the company that invented mobile phones. ...
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Biden in China says relations key to global economy
Washington Post
“The economic stability of the world rests in no small part on the cooperation between . . . the United States and China,” Biden said. “It is the key, in my view, to global economic stability.” Xi said: “Under the new circumstances, China and the ...
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Global growth worries sap equities
CNN International
"The main reasons for our growth downgrade, apart from disappointing incoming data, are recentpolicy errors in the US and Europe, plus the prospect of further fiscal tightening there in 2012," it said. "This is eroding business and consumer confidence ...
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Learning and Development Programme Manager, PSCM
Upstream Online
Our business is the exploration, production, refining, trading and distribution of energy. This is what we do, and we do it on a truly global scale. With a workforce of 80000 employees, BP operates withbusiness activities and customers in more than 80 ...
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Rwanda Tops EAC Business Rankings
Middle East North Africa Financial Network
The report prepared by the International Finance Corporation (IFC) and the World Bank, draws data from the annual global Doing Business study. A press release from the EAC indicates that the report takes a detailed look at business regulations in ...
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Internet opens doors for developing world workers
BBC News
By Fiona Graham Technology of business reporter, BBC News "In India there's no concept of babysitting in the smaller cities. So mothers have a very difficult choice to make." When Sangeeta Thomas's husband decided to change jobs, the family moved to ...
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BBC News
Visa Cardholder Spending Grows Due to the FIFA U-20 World Cup Colombia 2011
Business Wire (press release)
MIAMI--(BUSINESS WIRE)--Colombian merchants experienced an increase in business in the lead up to and during the group phase of the FIFA U-20 World Cup Colombia 2011. Visa cardholders' spending between July 22 and August 6 grew around 20% compared to ...
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Parkson Names International Business Director, with Eye on Global Growth
EON: Enhanced Online News (press release)
“Michael will help Parkson open up new frontiers around the world and expand on the success we've had in the Middle East and other regions,” said Parkson CEO Zain Mahmood. Before joining Parkson, Michael was the Global Sales Manager for InterClean ...
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Powerful Insights from Industry Game-Changers Abound in First-Ever ...
MarketWatch (press release)
Kevin Iwamoto is a widely recognized business travel industry leader with more than twenty years of experience managing global corporate travel and meetings programs. He was President and CEO of the Global Business Travel Association (GBTA) and the ...
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International SOS to Share Insights on Mobile Travel Apps, Travel Assistance ...
Sacramento Bee
... the world's leading medical and security assistance company, will discuss mobile travel apps and usage trends among business travelers, distinctions between travel insurance and travel assistance coverage, and Duty of Care during next week's Global ...
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New Technology, Markets Key to Logistics Firm's Global Growth
GlobalAtlanta
Mike Mayoras, CEO of Alpharetta-based logistics software developer RedPrairie Corp., said his company is expanding its business by moving into emerging markets. “The world is developing before our eyes,” Mr. Mayoras said. “It is projected that a large ...
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Birthdays Are Still Big in Buyout Land
New York Times
Today, that firm, Apollo Global Management, manages $72 billion in assets and is publicly traded. Its holdings include Caesars Entertainment, the world's largest casino company, and LyondellBasell, a big plastics and chemicals business. ...
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New York Times
Recession fears cause havoc on world markets
The Independent
The jitters began as traders learned that Morgan Stanley had cut its global growth forecast for this year to 3.9 per cent from 4.2 per cent. Striking fear into the heart of investors was the bank's view that, as the world slowed, the US and the ...
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Program Partners Young Innovators to Boost Egypt Economy
Voice of America
She plans to raise the profile of Egyptian handicrafts in the modern world of global fashion. “Mybusiness plan is designed to revitalize Egyptian handicrafts to empower artisans throughout Egypt,” she said. “Through training, better design, ...
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7-year-old boy creates global app
WFMJ
... "No way did I ever think we'd have a seven-year-old launching a global business." According to Craig Zamary, Connor's father, Toaster Pop already is being downloaded around the world. "I think it's 18 countries or so just in the last few days. ...
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Business Highlights
Forbes
HP will continue to sell servers and other equipment to business customers, just as IBM does. PARIS - European bank stocks tanked Thursday as fears about the institutions' ability to get access to funding and concerns over the anemic pace of the global ...
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HP to Acquire Leading Enterprise Information Management Software Company ...
MarketWatch (press release)
HP shares this vision and provides Autonomy with the platform to bring our world-leading technology and innovation to a truly global stage, making the shift to a future age of the information economy a reality." -- Positions HP as leader in large and ...
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Fast-Growing CPA Firm Marcum LLP Chooses Deltek Maconomy
MarketWatch (press release)
The Firm's presence runs deep with full service offices strategically located in major businessmarkets. For more information, visit www.marcumllp.com . Deltek /quotes/zigman/106314/quotes/nls/proj PROJ -11.63% is the leading global provider of ...
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Calculating the Future: GE Unveils Platinum LEED(R)-Certified Data Center -- a ...
MarketWatch (press release)
"GE's new data center will also provide the high-density computing necessary to support global business growth and significant manufacturing-revitalization efforts that will provide customers with innovative technologies, high-quality products, ...
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Towers Watson Appoints Conrad Lagasca Vice President in Its Reinsurance ...
MarketWatch (press release)
NEW YORK, Aug 18, 2011 (BUSINESS WIRE) -- Global professional services company Towers Watson (NYSE, NASDAQ: TW) has appointed Conrad Lagasca vice president in its reinsurance brokerage business. Based in San Francisco, he reports to Hugo Kostelni, ...
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CUI Global Announces Application to List on the NASDAQ Capital Market
MarketWatch (press release)
"The development and commercialization of our Novum(TM) Advanced Power, Solus(TM) Power Topology, and Vergence(TM) GasPT2 products, coupled with the continuing growth in our current business, provides us with a perfect technology platform befitting a ...
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Industry Outlook, Reliance on Global State - Equity Research on Starbucks ...
MarketWatch (press release)
World Street has featured Green Mountain Coffee Roasters Inc. as a company which is engaged in the specialty coffee and coffee maker businesses. The Company operates in two businesssegments: the Specialty Coffee business unit (SCBU) and the Keurig ...
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Crocs, Inc. Awarded Ladies' Home Journal 'Do Good' Stamp
MarketWatch (press release)
The 'Do Good' stamp is given quarterly to corporations that are dedicated to doing good and making the world a better place. The award is in recognition of Crocs' corporate social responsibility program, Crocs Cares(SM), which is focused on making a ...
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Oce Business Services Highlights eDiscovery, Records Management and Document ...
MarketWatch (press release)
Global net sales in 2010 were more than USD 45 billion. For more information, visit www.canon.com . Canon USA, Inc., is a leading provider of consumer, business-to-business, and industrial digital imaging solutions. Its parent company, Canon Inc. ...
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Saba Partners with BT Global Services to Provide Complete People Management ...
MarketWatch (press release)
BT consists principally of four lines of business: BT Global Services, Openreach, BT Retail and BT Wholesale. In the year ended 31 March 2011, BT Group's revenue was GBP 20076 million with profit before taxation of GBP 1717 million. ...
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Brocade Reports Q3 FY2011 Results
MarketWatch (press release)
The Federal Ethernet business was down 33% year-over-year, but up 32% sequentially, as Federal spending improved in the third quarter. "Headwinds in the IT market, federal spending, and overallglobal economy made for a challenging quarter for the ...
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Dark clouds over US economy
The Australian
Global stocks slumped again after weak data fuelled concern that the world's heading for another recession. IT'S not always sunny in Philadelphia. The Federal Reserve Bank of Philadelphia has reported severe dark clouds over the area's factory sector. ...
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CIBER Creates HR Efficiencies for Apache Corp. by Deploying a Global Lawson ...
PR Newswire (press release)
The Lawson Talent Management suite creates a centralized and integrated data management hub to create a global HR department with online workflows accessible by its managers and employees around the world. "This is transformational to our business and ...
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Carolinas Chapter of CoreNet Global Holds Successful Mega Event Speakers and ...
dBusinessNews Charlotte (press release)
“With the growth of business automation, social technology and cloud computing, Data Center development is a hot topic across the business landscape,” states Hunter Fleshood, President of the Carolinas Chapter of CoreNet Global. ...
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Gold demand falls 17%: World Gold Council | China business news
By CBN
Gold demand fell 17 percent in the second quarter from a year earlier as investment slipped, while Asian buying and concerns about the global economy will drive consumption this year, the WorldGold Council said. ... Investment slid 37 percent to 359.4 tons in the latest quarter. While bar and coin purchases rose 8.9 percent to 307.7 tons, growth in ETP holdings slowed. Assets gained 38.5 tons in the period, compared with 276.1 tons a year earlier, data compiled by ...
China business news
Gold Ruler Country In The World | The Daily News Global
By stevie
Gold Ruler Country In The World - The Daily News Global Give you the latest news In a minute to your PC ... Gold Ruler Country In The World. Friday, August 19th, 2011 | Business and Finance, Featured News ...
The Daily News Global
Choked | Pakistan Today | Latest news, Breaking news, Pakistan ...
By anjum
Poor planning by the environment wing of the Capital Development Authority (CDA) and the fast increasing number of vehicles is expected to result in the aggravation of global warming effects in Islamabad due to excessive carbon ...
Pakistan Today | Latest news,...
American Express Global Business Travel to showcase latest ...
American Express Global Business Travel to showcase latest technology and Travel Management Services at the ... all latest news ... is still connecting customers and continuing to deliver leading,world class service around the world. ...
www.hospitalitynet.org/news/4052576.html
Analysts cut global growth forecasts - One News Page Business
Business on One News Page on Thursday, 18 August 2011. ... Recent related news. World stock markets plunge as fears of recession (news article) ...
www.onenewspage.com/.../Analysts-cut-global-growth-forecas...
Business News and Economic News: Top Stories - Global Good News
Inspiring Economic and Business News From Around the World. ... The latest evidence of a slowdown came Thursday in a government report that the U.S. trade ...
www.globalgoodnews.com/business-news-a.html?art...
World Bank chief - Business Newswires : euronews : the latest ...
Business Newswires | euronews : International and European news all available as video on ...World Bank chief: Governments should deal with global debt ...
www.euronews.net/.../1057937-world-bank-chief-government...

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