Monthly Archives: March 2011

Japan to take control of Tokyo Electric Power: report (Reuters)

Written on March 31, 2011 by Editor - Business News

TOKYO (Reuters) – Japan’s government plans to take control of Tokyo Electric Power Co (9501.T), the operator of a stricken nuclear power plant, by injecting public funds, the Mainichi newspaper said on Friday. But the government is unlikely to take … Continue reading →

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Dow has best start to the year since 1999

Written on March 31, 2011 by Editor - Finance Top Stories

Trader Jonathan Niles encounters a Budweiser Clydesdale on the trading floor of the New York Stock Exchange, that was part of opening bell ceremonies in observance of Major League Baseball’s opening day, Thursday, March 31, 2011. (AP Photo/Richard Drew) NEW … Continue reading →

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First privatised jail sparks row

Written on March 31, 2011 by Editor - Top News Stories

31 March 2011 Last updated at 13:17 ET Please turn on JavaScript. Media requires JavaScript to play. Ken Clarke on how he thinks the union should respond to his decision

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Russian billionaire buys $100M Silicon Valley home

Written on March 31, 2011 by Editor - Finance Top Stories

Exterior view of a $100 million mansion in Los Altos Hills, Calif., Thursday, March 31, 2011. A Russian billionaire investor has purchased a lavish, 25,500-square-foot mansion in Silicon Valley for $100 million, believed to be the most ever paid for … Continue reading →

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Delphi buys back ownership stakes from GM and US

Written on March 31, 2011 by Editor - Finance Top Stories

SymbolPriceChangeGM31.03-0.52{“s” : “gm”,”k” : “a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00″,”o” : “”,”j” : “”} DETROIT (AP) — Auto parts supplier Delphi Automotive LLP said Thursday it is buying back ownership stakes from General Motors Co. and the federal government for $4.4 billion, a move that … Continue reading →

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For Berkshire, resignation raises tough questions

Written on March 31, 2011 by Editor - Finance Top Stories

FILE – This file photo from June 10, 2008, shows David Sokol, Chairman of MidAmerican Energy Holdings Co., in Omaha, Neb. Sokol, once thought to be a possible successor to investor Warren Buffett, has resigned. (AP Photo/Nati Harnik, File) SymbolPriceChangeAIG35.14-0.91C4.42-0.03LZ133.96-0.05{“s” … Continue reading →

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Wall Street ends a strong quarter optimistic on payrolls (Reuters)

Written on March 31, 2011 by Editor - Stock Markets News

NEW YORK (Reuters) – U.S. stocks ended a solid quarter with the barest of moves on Thursday, as investors looked ahead to Friday’s U.S. jobs report to provide a catalyst to push indexes to new highs for the year. After … Continue reading →

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Dow has best start to the year since 1999 (AP)

Written on March 31, 2011 by Editor - Stock Markets News

NEW YORK – The Dow Jones industrial average closed its best start to the year since 1999 Thursday, rising 6.4 percent in the first three months. The index of 30 large companies gained 742 points in that stretch. Measured against … Continue reading →

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Rajaratnam trial lawyers push research defense (Reuters)

Written on March 31, 2011 by Editor - Stock Markets News

NEW YORK (Reuters) – Raj Rajaratnam did not pick stocks alone. He had a team of researchers at his Galleon Group hedge fund to grind through the rumor mill and anticipate a good bet. This is the thrust of every … Continue reading →

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Wyly brothers lose bid to dismiss SEC fraud suit (Reuters)

Written on March 31, 2011 by Editor - Stock Markets News

NEW YORK (Reuters) – The wealthy Texas brothers Samuel and Charles Wyly on Thursday lost their bid to dismiss a U.S. Securities and Exchange Commission lawsuit accusing them of orchestrating a $550 million securities fraud and committing insider trading. U.S. … Continue reading →

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