Browsing All Posts By Kurt Osterberg
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German halt casts shadow over European GDP recovery
Europe’s post-recession recovery has hit a roadblock as German economic growth unexpectedly ground to a halt in the final quarter of 2009, though France made up for some of the damage. The news come... -
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US foreclosures drop in Jan but more loom
US mortgage foreclosure filings dropped in January but the decline may prove only temporary as housing-rescue efforts fall short of addressing current drivers, a report released on Thursday showed. Fo... -
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EU assembly rejects US bank data deal
A nine-month interim agreement went into force provisionally at the start of February but deputies from the assembly’s Liberal, Socialist and Green groups opposed it on the grounds it failed to prot... -
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Charges added in Rajaratnam insider trading case
Additional criminal charges have been filed against Galleon hedge fund founder Raj Rajaratnam as prosecutors alleged he and his co-defendant reaped $49m from illegal insider trading, up from an earlie... -
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ArcelorMittal sees only slow steel recovery in Q1
The firm, which has about eight percent of the global market and capacity some three times greater than nearest rival Nippon Steel, said it expected core profit or EBITDA (earnings before interest, ta... -
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ECB Trichet departure sparks Greece rescue talk
European Central Bank President Jean-Claude Trichet is cutting short a trip to Australia to attend a special EU summit, prompting market speculation initiatives are in the works to help resolve Greece... -
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ECB Trichet departure sparks Greece rescue talk
European Central Bank President Jean-Claude Trichet is cutting short a trip to Australia to attend a special EU summit, prompting market speculation initiatives are in the works to help resolve Greece... -
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Crisis restrictions in trade
But measures to support troubled institutions will need to be unwound carefully to avoid distorting competition, the WTO said in a restricted report to members, dated February 3. “The financial cris... -
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Crisis restrictions in trade
But measures to support troubled institutions will need to be unwound carefully to avoid distorting competition, the WTO said in a restricted report to members, dated February 3. “The financial cris... -
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CIT hires new CEO
CIT Group Inc has hired former Merrill Lynch CEO John Thain as its new chief executive, the commercial lender said in early February, wagering that the well-traveled executive can guide its post-bankr...
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China suspected in massive breach of federal personnel data
