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Wolfowitz urges investment in Africa
Associated Press – TOKYO (AP) — Sending aid isn't enough to help reduce poverty in Africa, World Bank President Paul Wolfowitz said Monday. Rich countries need to do more by investing in basic services like electricity and transportation, he said."While aid is

Sheff could be done for season
Newsday – DETROIT — First Hideki Matsui and now Gary Sheffield. One corner outfielder is likely out for the season with a wrist injury and now the other might be, too. Sheffield and the Yankees yesterday got the bad news they feared, learning that his left

Oil prices rise in Asia as sanctions on Iran loom
Forbes – SINGAPORE (XFN-ASIA) – Oil prices were higher in late morning trade here on expectations that Iran will reject an incentive package offered by major world powers, paving the way for possible UN sanctions over its nuclear program, dealers said. OPEC's

NYSE, Euronext merge to form world-scale exchange
CBC News – NYSE Group Inc. will merge with Paris-based Euronext in a $10-billion US cash and stock deal that will create the first trans-Atlantic securities market. The New York Stock Exchange beat a competing bid by Deutsche Boerse AG to acquire Euronext, a

Scientists in Rome to Discuss Bird Flu
Associated Press – ROME (AP) — Three years after the first outbreaks of bird flu in Asia, experts are still puzzling at how the disease spread across three continents so quickly and how wild birds have helped disseminate the deadly virus. More than 300 scientists and

Costco profit misses forecasts
Reuters – CHICAGO (Reuters) – Costco Wholesale Corp. (COST.O: Quote , Profile , Research ), the largest U.S. warehouse club operator, on Wednesday posted lower-than-expected quarterly profit, hurt by higher taxes and soaring oil prices that pressured margins

Shares of NRG surge after Mirant offer
ABC News – May 31, 2006 NEW YORK (Reuters) – Shares of power generator NRG Energy Inc.surged in premarket trading on Wednesday after the company received an unsolicited $8 billion takeover offer from rival Mirant Corp.. NRG flatly rejected

Operating loss weighs down Air Berlin
MSNBC – Air Berlin, Europe's third largest budget airline, reported a bigger operating loss for the first three months of 2006 than for the same period last year, as Easter slipped into the second quarter and fuel costs and investments rose. The airline

VirtualScopics shares start trading on Nasdaq
Rochester Business Journal – VirtualScopics Inc. s stock began trading on Nasdaq under the symbol VSCP, some six months after it went public in November. The company s shares (Nasdaq: VSCP) Wednesday afternoon were trading at $5.79, up more than 18 percent from Tuesday s

ADC to buy Andrew for $2 billion in stock
ABC News – NEW YORK (Reuters) – Communication equipment maker ADC Telecommunications Inc.on Wednesday said it would buy Andrew Corp.for about $2 billion in stock to boost its wireless technology, but Wall Street said ADC was overpaying and

Ballmer defends Microsoft's cash"problem"
Reuters – SEATTLE (Reuters) – Under pressure from Microsoft Corp. (MSFT.O: Quote , Profile , Research ) investors to return a portion of the company's $35 billion cash reserve and revive a flagging share price, Chief Executive Steve Ballmer on Wednesday

Finnish government amasses record dividends of euro1.3 billion from
WBZ-AM – HELSINKI, Finland (AP) Revenue from government-owned stock reached a record 1.3 billion euros ($1.7 billion) last year, Finland's Trade and Industry Ministry said Wednesday. The yield of the government's share portfolio was 5.7 percent, while the

World markets jittery amid fears about U.S. growth
Charleston Gazette – LONDON (AP) — Global equity markets remained jittery Wednesday as growing fears about rising interest rates, inflation and the outlook for growth in the United States, the world's largest economy, fed into already overheated exchanges. Many Asian

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Lincoln Journal Star – HO CHI MINH CITY, Vietnam The United States and Vietnam signed a trade pact Wednesday that removes one of the last hurdles in Hanoi s bid to join the World Trade Organization. The deal would knock down remaining trade barriers between the two

AFX European summary – midday
Forbes – LONDON (AFX) – London shares remained higher at midday, rebounding sharply after an early drop, as consolidation hopes across utilities and blue-chip bargain hunting helped lift sentiment after yesterday's triple-digit battering, dealers said. By 12

European govt bonds fall as stock markets rise, rate hike expectations
Forbes – LONDON (AFX) – European government bonds fell further in late trade as gains on stock markets and the shortening odds of a 50 basis point rate hike from the European Central Bank next week dented sentiment. Share prices were higher across Europe

Dell CEO exercises stock options grant
Austin American-Statesman – Dell Inc. CEO Kevin Rollins exercised options on more than 1.1 million shares Tuesday, but he chose to hold onto his new stock rather than sell it at a large profit. Rollins acquired the shares at $1.45 each. If he had sold them at Monday's closing