Business - Top Stories latest news
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Posh London Air Terminal Flunks Its DebutOpening day at Heathrow Airport's grand new Terminal 5 turned sour as severe baggage handling delays led to numerous flight cancellations, stranding many irate passengers. CBS News Friday, March 28, 2008
The mystery of Victor DahdalehHe has rubbed shoulders with presidents and prime ministers, but the respected London-based philanthropist now faces bribery allegations, which he vows to fight The Globe and Mail Friday, March 28, 2008
Fannie, Freddie may raise $20 billion: reportNEW YORK (Reuters) - Fannie Mae's and Freddie Mac's regulator will allow the mortgage financiers to raise as much as $20 billion in capital as part of an agreement that lets them buy more debt securities, Bloomberg News said on Friday. Reuters Friday, March 28, 2008
Sen. Schumer urges new financial regulation: reportNEW YORK (Reuters) - Sen. Charles Schumer on Friday called
for a rethinking of the U.S. financial regulatory system,
perhaps moving toward a single regulator, following the
collapse this month of Bear Stearns Cos . Reuters Friday, March 28, 2008
Countrywide exec gets $28 million from Bank of AmericaNEW YORK (Reuters) - bank of america Corp said it has agreed to pay $28 million to Countrywide Financial Corp Chief Operating Officer David Sambol to induce him to run the merged companies' consumer mortgage operations. Reuters Friday, March 28, 2008
A horn of plenty for Minnesota farmersThe rules of supply and demand helped boost profit to levels not seen in 35 years. Startribune.com Friday, March 28, 2008
Restore Medical reveals it's low on cashTroubled investments in short-term securities brought an auditor's warning that money could run out by May. The firm said it has plans to raise more cash. Startribune.com Friday, March 28, 2008
Wolfson plunges on fresh iPod blowWOLFSON Microelectronics' shares plunged close to an all-time low yesterday after the company admitted to a morale-crushing supply contract loss centred on the next genera Scotsman Friday, March 28, 2008
Ardana bounces back on bid talkARDANA shares bounced back yesterday after the Edinburgh-based biotech firm said raising the "for sale" sign had prompted a high level of interest. Scotsman Friday, March 28, 2008
Businesses applaud proposed immigration lawOpposition, lawyers, advocacy groups overwhelmingly oppose bill and the broad powers it grants to immigration minister The Globe and Mail Friday, March 28, 2008
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