Daily Archives: 2009/02/12

Asian Stocks End Lower, Europe Follows (TheStreet.com)

2009/02/12
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Japan’s benchmark lost more than 3% Thursday and stocks in Europe were lower amid doubts that U.S. plans costing trillions of dollars will soon restore the health of the U.S. economy. More: continued here

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Nokia Talks Alliance With Facebook: Report (TheStreet.com)

2009/02/12
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Nokia and Facebook are in talks about a partnership that would embed parts of the Facebook social network into some Nokia phones, a report says. More: continued here

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Sirius in Talks With Liberty Media: Report (TheStreet.com)

2009/02/12
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Sirius XM Radio is seeking an investment from Liberty Media in an attempt to fend off an unsolicited takeover approach from satellite entrepreneur Charles Ergen, a report says. More: continued here

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Japan’s Pioneer Plans to Cut 10,000 Jobs (TheStreet.com)

2009/02/12
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The Japanese electronics company also said it plans to withdraw from its money-losing plasma display business. More: continued here

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GM Offering Retirement Incentives: Report (TheStreet.com)

2009/02/12
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The U.S. automaker is offering retirement incentives to a number of its United Auto Workers union members. GM also has attracted interest in its Hummer brand, a separate report says. More: continued here

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Chinalco Invests $19.5 Billion in Rio Tinto (TheStreet.com)

2009/02/12
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The mining company received a $19.5 billion investment from Aluminum Corp. of China. Rio Tinto also reported a 50% drop in 2008 earnings. More: continued here

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Today’s Outrage: Chevron Oil Rant Raises Ire (TheStreet.com)

2009/02/12
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Readers rant back in response to an Outrage about the Chevron oil find in the Gulf of Mexico. More: continued here

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Alcoa To Get $1B From Unloading Rio Shares (TheStreet.com)

2009/02/12
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Alcoa said it will receive $1.02 billion as it exits an agreement with Chinalco to purchase shares in Rio Tinto. More: continued here

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Total Swings to Loss as Oil Prices Fall (TheStreet.com)

2009/02/12
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Europe’s third-largest oil company lost 794 million euros ($1.03 billion) in the quarter, compared with a net profit of 3.6 billion euros a year earlier. More: continued here

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