Fed finally pauses rate hikes
Media Release
Aug. 8, 2006

Chairman Ben Bernanke and his colleagues calls a halt to the longest unbroken stretch of Fed interest rate increases in recent history, providing at least temporary relief to millions of consumer and business borrowers.

Fed finally pauses rate hikes
Media Release
Chairman Ben Bernanke and his colleagues appear ready to call a halt to the longest unbroken stretch of Fed interest rate increases in recent history, providing at least temporary relief to millions of consumer and business borrowers.
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US raised its forecast for the average price of oil in August by $3 a barrel, citing July's heat wave and decreased production from the closure of BP's oilfield
Media Release
The Energy Information Administration (EIA), the numbers arm of the Energy Department, estimated in its monthly energy forecast that oil is expected to average $76.50 a barrel in August, up from its prior forecasts of $73.50.
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The United States will consider revoking trade benefits under the Generalized System of Preferences for 13 advanced developing countries
Media Release
The announcement comes after the collapse of the Doha round of World Trade Organization talks, blamed by some U.S. legislators on a failure of large developing countries to open their markets to foreign goods.
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Starbucks Corp. third-quarter profits jumped 16 percent as it opened a record number of coffee houses
Media Release
For the 13 weeks ended July 2, the Seattle-based coffee retailer posted net earnings of $145.5 million, or 18 cents per share, up from $125.5 million, or 16 cents a share, in the same period a year earlier.
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Alliance Boots, the international drug distribution and retail group, could soon be selling its No 7 lipsticks in Florida as it hammers out a deal with CVS
Media Release
...it hammers out a deal with CVS, one of the US’s largest pharmacies, to roll out its own-brand ranges across the US.
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AOL’s attempt to square up to Yahoo, MSN and Google
Media Release
AOL on Wednesday made its boldest effort yet to ditch its reputation as an internet dinosaur reliant on a dying dial-up connection business by making its aol.com e-mail addresses free to people signing up for high-speed broadband from other providers.
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Controversial takeover deal of a Chinese company by Carlyle Group becomes a Chinese benchmark for globalization
Media Release
Senior government officials in Beijing held an unprecedented meeting to try to break a year-long impasse over whether to approve the controversial takeover deal of a Chinese company by Carlyle Group, the US private equity firm.
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Global business leaders are voicing concerns about deteriorating business conditions for the first time in three years
Media Release
Global business leaders are voicing concerns about deteriorating business conditions for the first time in three years, citing turbulent markets and an expected slowdown in the US.
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First defeat for WalMart? Wal-Mart, the world’s biggest retailer, pulled out of Germany after eight loss-making years
Karen Gosh
It may signal that WalMart business model is not that great in a neutral matured free economy.
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