Archive for August, 2010

Australia economy grows at fastest pace in 3 years (AP)

AP – Australia’s economy grew at its fastest pace in three years in the second quarter as demand from China and elsewhere in Asia boosted exports of iron ore and other commodities.
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Retail data: Americans still cautious in August (AP)

AP – Not even skinny jeans for are pulling Americans into stores.
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China Strategic Disappointed at AIG Unit Sale Outcome

China Strategic Holdings said on Wednesday that it was disappointed by a decision by Taiwan regulators to block American International Group’s (AIG) planned .2 billion sale of Taiwan unit Nan Shan Life to the Hong Kong-listed battery maker and investment fund Primus.
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Factbox: Reaction to Obama’s address on Iraq (Reuters)

Reuters – President Barack Obama on Tuesday declared an end to the American combat mission in Iraq and said America’s most urgent task now is restoring the sagging U.S. economy.
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Australia Economy Speeds Ahead in Second Quarter

Australia’s economy grew a surprisingly strong 1.2 percent last quarter as households spent far more than expected while exports enjoyed an Asian-driven boom, sending the local dollar higher.
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Obama: US combat in Iraq over, ‘time to turn page’ (AP)

AP – Claiming no victory, President Barack Obama formally ended the U.S. combat role in Iraq after seven long years of bloodshed, declaring firmly Tuesday night: “It is time to turn the page.” Now, he said, the nation’s most urgent priority must be fixing its own sickly economy.
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Obama: Time to turn the page in Iraq (Reuters)

Reuters – President Barack Obama declared an end to the seven-year U.S. combat mission in Iraq on Tuesday and told war-weary Americans his central responsibility now is to restore the sagging U.S. economy.
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SEC drops probe into Moody’s

The Securities and Exchange Commission warned credit rating agencies that it now had the authority to bring fraud cases over conduct outside the US that has ‘foreseeĀ­able effects’ in the country
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Obama: Time to turn the page in Iraq (Reuters)

Reuters – President Barack Obama declared an end to the seven-year U.S. combat mission in Iraq on Tuesday and told war-weary Americans “our central mission as a people” is to restore the U.S. economy.
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NYSE stocks posting largest volume decreases

A look at the 10 biggest volume decliners on New York Stock Exchange at the close of trading:
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