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Wolseley to cut hundreds of jobs
LONDON (Reuters) - Wolseley will this week outline plans to cut hundreds of jobs due to trading conditions that are bad enough to warrant a profits warning, the Sunday Telegraph reported.
The UK News

Officials check on Freddie Mac securities sale
WASHINGTON (Reuters) - U.S. Treasury Department officials are trying to make sure that Freddie Mac, one of two troubled U.S. giant mortgage firms, will be able sell $3 billion in securities this week at a previously scheduled sale, the washington post reported on Sunday.
Reuters

ADCB arm in Dhs5bn realty venture
Abu Dhabi Commercial Properties (ADCP), the real estate affiliate of Abu Dhabi Commercial Bank (ADCB) has announced that it plans to establish 700 new projects, providing 18,000 units, valued at Dhs5bn, Gulf News has reported. ADCP is in the process of taking over the management of 2,500 buildings, or more than 40,000 units in Abu Dhabi.
ameinfo.com

WITNESS: So, he asked me, when will oil come down? (Reuters)
Daniel Fineren is a senior energy correspondent who has worked with Reuters for two years. In a previous job he lived in Barcelona, covering the Spanish energy industry, and he now reports on European power and gas markets in London.
yahoo.com

Inspectors find ``deficiencies`` at Burbank hospital
Government inspectors say the largest hospital serving the San Fernando Valley has 'serious deficiencies' and does not meet Medicare's standards for infection control. A report based on an inspection last fall could threaten the federal funding for Providence...
San Francisco Chronicle

Iran would allow US diplomatic office
Iranian state TV is quoting President Mahmoud Ahmadinejad as saying Iran would welcome the idea of setting up a U.S. diplomatic office in Tehran. Sunday's report quotes the Iranian leader as saying he would consider an American request to set up an interests...
San Francisco Chronicle

Paulson cool to shield Fannie/Freddie investors: report
WASHINGTON (Reuters) - U.S. Treasury Secretary Henry Paulson is insisting that if Fannie Mae and Freddie Mac need rescuing, the plan should not benefit shareholders of the giant mortgage finance firms, the Wall Street Journal said on Saturday.
Reuters

Report: Arizona`s economy gets gloomier
High gas prices spurred losses in sales and jobs.
AZ Central

Victims` wait is nearly over
The Equitable report is imminent, writes Teresa Hunter.
Scotsman

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