r2 - 11 Nov 2007 - 14:13:32 - AdmiNYou are here: VsTour >  Main Web  > BusinessNews

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  • Trade deficit shrinks as auto and oil imports drop - WASHINGTON (AP) -- The U.S. trade deficit unexpectedly shrank in January, reflecting a big drop in imports of oil and foreign cars. American exports also fell, a potential blow to hopes that the economic recovery will be aided this year by U.S. sales abroad....
  • Foreclosure rates up by smallest amount in 4 years - WASHINGTON (AP) -- The foreclosure crisis isn't over, but the pace of growth may finally be slowing down....
  • Stock futures fall modestly ahead of open - NEW YORK (AP) -- Stock futures fell slightly after the Labor Department said first-time claims for jobless benefits fell slightly less than expected....
  • HSBC: data on 24,000 Swiss account holders stolen - GENEVA (AP) -- Information on 24,000 HSBC customers with Swiss accounts has been stolen, the British bank said Thursday, potentially exposing large numbers of international clients to prosecution by tax authorities in their home countries....
  • BP to pay $7 billion for exploration rights - LONDON (AP) -- Oil company BP PLC said Thursday it will pay $7 billion to acquire exploration rights from US-based Devon Energy Corp. that will strengthen BP's dominant position in the Gulf of Mexico and give it access to a promising region off Brazil....
  • China's inflation accelerates in February - BEIJING (AP) -- China's inflation spiked higher in February, adding to pressure on Beijing to prevent overheating and keep the recovery in the world's third-largest economy on track....
  • Sarkozy, Merkel propose ban on some CDS trades - PARIS (AP) -- French President Nicolas Sarkozy and German Chancellor Angela Merkel are leading a proposal that calls for mandatory reporting of all derivatives trading in Europe as a way of clamping down on the type of speculation that has undermined the euro in recent weeks as a result of the Greek debt crisis....
  • Smithfield Foods returns to 3rd-quarter profit - SMITHFIELD, Va. (AP) -- Meat processor Smithfield Foods Inc. said Thursday it returned to a profit in its fiscal third quarter, partly on continued strength in its packaged meats business as sales grew overseas....
  • World airlines see blue skies ahead - GENEVA (AP) -- Global airlines are undergoing a surprisingly strong recovery with Asian and Latin American carriers leading the way, the leading industry group said Thursday as it halved its loss forecast for 2010 to $2.8 billion....
  • Toyota troubles put spotlight on US safety agency - WASHINGTON (AP) -- Toyota's massive recalls are prompting Congress to reconsider whether the nation's auto safety agency has lived up to its mission of protecting motorists....

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