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Saturday, July 31, 2010

S&P keeps threat of ratings downgrade hanging over UK

Posted by Reuters: Business News on July 12, 2010

NEW YORK/LONDON (Reuters) – Britain is still in danger of losing its triple-A rating despite the ambitious fiscal tightening announced by the country’s new coalition government last month, Standard & Poor’s said on Monday.



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BP in talks with Apache and others on assets: source

Posted by Reuters: Business News on

NEW YORK/LONDON (Reuters) – Under-pressure BP Plc is in talks with U.S. oil and gas company Apache Corp and other companies over potential asset sales, a source familiar with the situation said on Sunday, as it weighs how to pay costs related to the Gulf of Mexico oil spill.



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Skin cancer drug news boosts Bristol shares

Posted by Reuters: Business News on June 7, 2010

NEW YORK/LONDON (Reuters) – Bristol-Myers Squibb Co’s shares rose more than 8 percent on Monday after news over the weekend that its experimental drug ipilimumab extended survival in patients with deadly skin cancer.



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U.S. Treasury says it has not considered any other AIA deal

Posted by Reuters: Business News on May 29, 2010

NEW YORK/LONDON (Reuters) – The future of Prudential’s deal to buy AIG’s Asian life insurance arm remained uncertain on Saturday, with the U.S. Treasury saying it has not considered any other deal than the existing contract on the table.



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Risk assets surge after euro rescue package

Posted by Reuters: Business News on May 10, 2010

NEW YORK/LONDON (Reuters) – Global financial markets surged on Monday after officials agreed to a $1 trillion emergency rescue package to avert a sovereign debt crisis in Europe from festering and engulfing the rest of the world.



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Goldman earnings beat overshadowed by fraud probe

Posted by Reuters: Business News on April 21, 2010

NEW YORK/LONDON (Reuters) – Goldman Sachs Group Inc reported blow-out quarterly earnings on Tuesday, but investors appeared to focus on the U.S. fraud case against the bank as Britain’s market watchdog launched its own probe.



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Goldman earnings beat overshadowed by UK probe

Posted by Reuters: Business News on April 20, 2010

NEW YORK/LONDON (Reuters) – Goldman Sachs Group Inc reported blow-out quarterly earnings on Tuesday, but investors appeared to focus on the U.S. fraud case against the bank as Britain’s market watchdog launched its own probe.



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Goldman Sachs earnings beat overshadowed by UK probe

Posted by Reuters: Business News on

NEW YORK/LONDON (Reuters) – Goldman Sachs Group Inc reported blow-out quarterly earnings on Tuesday, but investors appeared to focus on the U.S. fraud case against the bank as Britain’s market watchdog launched its own probe.



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Strong Goldman Sachs earnings overshadow UK probe

Posted by Reuters: Business News on

NEW YORK/LONDON (Reuters) – Goldman Sachs Group Inc reported stunningly strong quarterly earnings on Tuesday, overshadowing British financial regulators’ move to follow their U.S. counterparts in pursuing civil fraud allegations against the dominant Wall Street bank.



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Goldman Sachs profit tops forecast, UK opens probe

Posted by Reuters: Business News on

NEW YORK/LONDON (Reuters) – Goldman Sachs Group Inc said first-quarter earnings nearly doubled, and Britain’s financial regulator launched a formal probe related to civil fraud allegations against the Wall Street bank.



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