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GM Says Nobody Makes Money Amid European Car-Price Cuts
Full Story | 27th September 2012General Motors Co. said Europe’s car industry will remain unprofitable at current vehicle pricing levels, while Volkswagen AG said some competitors are at risk of going out of business without state aid.Competitors Fiat SpA and .
Monthly Archives: September 2012
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A detailed report on what is going on in the markets
Full Story | 27th September 2012A detailed report on what’s going on in the marketsAnalyst: Kristian CamenzuliThe markets have rallied in the last couple of weeks on optimism that the situation in the world will improve. But what’s worrying about .
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Shell Leads LNG Competitors Out to Sea With Biggest Ship
Full Story | 20th September 2012For more than a decade, the world’s biggest liquefied natural gas producers led by Royal Dutch Shell Plc plotted how to move their $170 billion industry onto barges at sea to tap remote fields. Now .
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Lufthansa to Combine European Flights Into Low-Cost Unit
Full Story | 20th September 2012Deutsche Lufthansa AG, Europe’s second-biggest airline, will combine short-haul operations outside its main Frankfurt and Munich hubs with the Germanwings low-cost unit as part of a cost-reduction effort.The new unit will begin operations in January .
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Apple Reaches $700 as IPhone 5 Shatters Sales Record
Full Story | 18th September 2012Apple Inc. surpassed $700 in late trading yesterday after announcing record first-day orders for the latest iPhone, fueling optimism that the company will keep generating the revenue growth that transformed it from a niche computer .
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New iPhone could boost U.S. GDP by up to 0.5 percent
Full Story | 11th September 2012The next generation iPhone 5, which Apple Inc. plans to release this week, could not only boost the tech giant's bottom line - but could give a significant boost to the overall U.S. economy.Sales of .
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FedEx Sees First Earnings Drop Since 09 as Economy Slow
Full Story | 5th September 2012FedEx Corp., operator of the world’s largest cargo airline, projected its first decline in quarterly earnings in almost three years as slowing economic growth hurt demand for the express packages that provide most of its .
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Fed Moves Toward Open-Ended Bond Purchases
Full Story | 3rd September 2012Federal Reserve Chairman Ben S. Bernanke says the U.S. economy is “far from satisfactory.” His colleagues are moving to embrace policies that will stay in place until he’s satisfied.Four Fed presidents have come out in .