Pay deals slip to 3.5 percent in 3 months

July 30, 2008 on 10:39 pm | In Business News | No Comments

LONDON (Reuters) - Pay settlements eased to 3.5 percent in the three months to June from 3.6 percent in the three months to May, a report showed on Thursday, indicating that strong inflation is yet to drive wages …

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Pay deals slip to 3.5 percent in 3 months

Starbucks posts first loss

July 30, 2008 on 9:41 pm | In Business News | No Comments

LOS ANGELES (Reuters) - Starbucks posted its first quarterly loss as a public company on Wednesday and said its U.S. coffee chain would shrink in the year ahead, but investors stunned by months of uncertainty sent shares up 4 percent as it stuck by its profit target for 2009.

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Starbucks posts first loss

Pay deals slip to 3.5% in 3 months

July 30, 2008 on 7:29 pm | In Business News | No Comments

LONDON (Reuters) - Pay settlements eased to 3.5 percent in the three months to June from 3.6 percent in the three months to May, a report showed on Thursday, indicating that strong inflation is yet to drive wages markedly …

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Pay deals slip to 3.5% in 3 months

Consumer sentiment hits record low

July 30, 2008 on 7:26 pm | In Business News | No Comments

LONDON (Reuters) - Consumer confidence hit a record low this month as people became increasingly despondent about their own personal finances, a survey showed on Thursday.

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Consumer sentiment hits record low

U.S. lawmakers urge broader Pentagon tanker review

July 30, 2008 on 4:40 pm | In Business News | No Comments

WASHINGTON (Reuters) - A measure that appears to favour Boeing in a transatlantic battle to build new aerial tankers for the U.S. Air Force was put forward on Wednesday by a U.S. House of Representatives subcommittee that funds the Pentagon.

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U.S. lawmakers urge broader Pentagon tanker review

Connecticut sues top credit rating agencies

July 30, 2008 on 4:26 pm | In Business News | No Comments

NEW YORK (Reuters) - Connecticut’s attorney general said on Wednesday he was suing the three leading credit rating agencies, saying they assigned lower ratings than necessary to bonds issued by cities, schools and other public entities, driving up costs for taxpayers.

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Connecticut sues top credit rating agencies

Oil jumps more than $4

July 30, 2008 on 4:20 pm | In Business News | No Comments

NEW YORK (Reuters) - Oil rose more than $4 a barrel on Wednesday after U.S. government data showed an unexpected drop in gasoline stocks as suppliers facing weak consumer demand cut production and imports.

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Oil jumps more than $4

Glaxo says therapeutic vaccines hold big promise

July 30, 2008 on 3:49 pm | In Business News | No Comments

NEW YORK (Reuters) - The new chief executive of GlaxoSmithKline on Wednesday said therapeutic vaccines used to treat cancer and other diseases could play a big future role for the world’s second-largest drugmaker.

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Glaxo says therapeutic vaccines hold big promise

U.S. stimulus effective in lifting spending-study

July 30, 2008 on 3:47 pm | In Business News | No Comments

WASHINGTON (Reuters) - Tight-fisted U.S. consumers wary of anaemic economic growth opened their wallets between May and July and spent their economic stimulus checks, a recent study has found.

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U.S. stimulus effective in lifting spending-study

FSA steps up on insider trading with arrests

July 30, 2008 on 12:53 pm | In Business News | No Comments

LONDON (Reuters) - The arrest of eight people in an insider trading probe showed the Financial Services Authority has stepped up efforts to crack down on market abuse, a crime which is notoriously hard to prove.

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FSA steps up on insider trading with arrests

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