Europe’s top antitrust watchdog with officials at the European Commission to probe IBM mainframe market role
Diana Rosblaht
The biggest allegation from EU is IBM has illegally tied its mainframe hardware to its mainframe operating system.
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BP CEO runs away to Siberia with $18 million
Sondra Palma
BP Chief Executive Tony Hayward will collect a pay and pension package worth at least 11.8 million pounds ($18.03 million) when he steps down from his role at the company.
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Japan’s exports rose faster than economists estimated conforming the economic recovery process
Tania Harding
Even with stronger Yen, the japanese exports are on the rise confirming global recovery. Shipments abroad advanced 29.3 percent in June from a year earlier.
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Germans look for modernizing Russian economy and infrastructure
Sam Adelton
Russian President Dmitry Medvedev has offered the Germans to activate their participation in the modernization of Russian enterprises, including non-strategic companies.
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Financial Crisis Inquiry Commission of America plans to perform detailed audit of Goldman Sachs
Peter Oberois
The Obama Administration appointed the Financial Crisis Inquiry Commission to bring complete and detailed transparency for the financial services giants in America.
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China focuses on significant volumes of indigenous unconventional gas lowering import demand from abroad
Sandra Johansen
China will need much less liquefied natural gas (LNG) from 2020 onwards than in the coming decade.
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During financial crisis in late 2008 to early 2009, 17 bailed-out financial services companies overpaid their top executives in excess of $1.8 billion
Solarz Subedar
Bank of America, Citi Group, and other 16 financial institutions that ware bailed out by Bush-Obama initiatives overpaid their bankers billions of dollars while ousting common citizens from their homes for mortgage defaults.
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Triumphant President Barack Obama on Wednesday signed into law the most sweeping overhaul of lending and high-finance rules since the Great Depression
Sondra Liber
'Because of this law, the American people will never be asked again to foot the bill for Wall Street's mistakes,' President Obama said.
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BP gets extension on well seal, announces asset sales, stock drop 1.6%
Peter Oberois
BP is planning a massive asset sales. it reached a $7 billion deal with Apache Corp, a large part of its planned sale of $10 billion in assets to pay for the worst oil spill in US history.
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Giant oil skimmer fail catastrophically in the Gulf
Sandra Johansen
There is no end in site in terms of destruction of the echo system in the Gulf of Mexico.
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As British Petroleum struggles, PetroChina eyes unthinkable
Priyanka Mathur
Can PetroChina really control the financials of BP? The issue was unthinkable last year, not today, says some analysts.
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With 45% export rise, China’s external surplus might balloon again in the second half of the year
Peter Oberois
Chinese exports spiked according to recent data by 45%. This leads to the speculation that China’s external surplus might balloon again in the second half of the year.
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