Finance counsels

Israel’s government welcomed on Sunday parts of an international proposal to resume long-stalled peace talks with the Palestinians but said it had concerns about the plan.
The plan by Mideast mediators, known as the Quartet, calls for a peace deal in a year and asks both sides to produce comprehensive proposals on territory and security within […]

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Finland’s finance minister said she doesn’t expect the eurozone to resolve a dispute over her country’s demand for collateral for loans to Greece at a meeting Friday _ adding to concerns over the currency union’s ability to stamp out its crippling debt crisis.
U.S. Treasury Secretary Timothy Geithner joined the meeting in Wroclaw, Poland _ the […]

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A surge in demand for autos and aircraft drove orders for long-lasting manufactured goods higher in July, easing fears that the economy might be on the verge of another recession.
The rebound in the auto industry helped offset a decline in orders for most other factory goods.
Stocks rose after the better-than-expected report showed the biggest increase […]

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Wal-Mart Stores Inc. says its second-quarter profit rose 5.7 percent, fueled by strong international sales and expense cutting. But the world’s largest retailer still wasn’t able to reverse a two-year U.S. sales slump.
The company raised its annual profit outlook.
The retailer says it earned $3.8 billion, or $1.09 per share, in the three months ended July […]

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Google has bought about 1,000 issued and pending patents from IBM in its quest to shore up its defenses against suits by other technology companies, according to documents filed with the U.S. Patent and Trademark Office.
Google Inc. and IBM Corp. spokesmen wouldn’t reveal how much Google paid or why IBM was selling the patents.
The patents […]

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House Speaker John Boehner hastily rewrote his stalled emergency debt-limit bill yet again Friday as Senate Democratic leader Harry Reid signaled he’s ready to push ahead with his own version. President Barack Obama declared “we’re almost out of time” in a wrenching political standoff that has heightened fears of a market-rattling government default.
“The power to […]

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Swiss bank UBS AG lowered its annual earning forecasts and announced fresh job cuts Tuesday after posting sharply diminished second-quarter net profits of 1.02 billion Swiss francs ($1.2 billion).
UBS said net profit fell almost 50 percent from 2 billion francs in last year’s April-June period and was below analysts’ predictions of more than 1.3 billion […]

Filed under: Canada, management by Guru
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It’s official – Facebook is launching a video chat service on the social network, powered by Skype.
The video chat application, which will be rolled out immediately to Facebook users, is simple to use, said CEO Mark Zuckerberg at a news conference at the company’s Palo Alto, California, headquarters.
All you have to do is click on […]

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Tobacco giant Philip Morris International launched legal action on Monday against the Australian government over the country’s plans to strip company logos from cigarette packages and replace them with grisly images of cancerous mouths, sickly children and bulging, blinded eyes.
The government believes the new rules will make the packages less attractive to smokers and turn […]

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American Airlines Inc. has secured alliances with some of the world’s best airlines. It has restructured its network to focus on major cities. It is replacing its fleet. It avoided bankruptcy when many of its competitors fled to Chapter 11.
What it has not done, however, is make money.
In the 10 years ended Dec. 31, 2010, […]

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