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An oil pipeline run by a subsidiary of Italian oil firm Eni SpA has ruptured and caught fire in Nigeria as a militant group claimed responsibility for an attack.
The fire happened Saturday night near Brass River in Nigeria’s Bayelsa state. Witnesses told a local environmental group they heard the blast from their homes.
The Movement for […]
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The world’s biggest beer-maker is placing a big bet on a new brew.
Anheuser-Busch InBev this week is rolling out Bud Light Platinum, an upscale version of its best-selling label. It’s the brewer’s latest bid to pump up flagging sales of its flagship brand, and to counter liquor sales that are taking a bite out of […]
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Stocks turned mixed Wednesday afternoon, erasing earlier losses, after the Federal Reserve said it will keep interest rates near zero for much longer than it had previously announced. Demand for ultra-safe Treasurys soared, pushing bond yields lower.
The Fed’s monetary policy committee said it is unlikely to raise interest rates before 2014, extending a period of […]
Filed under: management, money by Guru
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A pension fund has sued St. Louis-based CPI Corp., alleging that the portrait studio operator broke federal securities laws by misleading investors about the company’s financial health.
The suit, filed by IBEW Local 98 Pension Fund, is seeking class action status for shareholders who purchased the company’s common stock between April 20, 2010 and December 21, […]
Filed under: online, technology by Guru
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Struggling Kodak is seeking to simplify its structure and cut costs by reducing the number of its business segments from three to two. Shares shot up 34 percent in premarket trading.
Eastman Kodak Co., once a photography pioneer, was pummeled by consumers’ switch to digital. Its fortunes deteriorated further last year, and it said in November […]
Fighting to win over unhappy American voters, President Barack Obama and his Republican challengers are seizing on one of the most potent issues this election season: the struggling middle class and the widening gap between rich and poor.
Highlighted by the Occupy movement and fanned by record profits on Wall Street at a time of stubborn […]
U.S. stocks closed sharply lower Monday as bank shares took a beating amid fresh concerns about the debt crisis in Europe.
The Dow Jones industrial average () fell 100 points, or 0.8%, to end at 11,766. The S&P 500 () sank 14 points, or 1.2%, to 1,205. The Nasdaq () slid 32 points, or […]
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A Spanish savings bank has fired two directors and is investigating two former executives for allegedly syphoning off euro20 million ($26.5 million) into secret pension funds, the bank said Saturday.
The board of directors of Caixa Penedes bank had “required the departure” of its president, Ricard Pages, and director general Manuel Troyano. It said both men […]