Finance & Economics

14 per cent of Yahoo staff to be retrenched

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Struggling US internet company Yahoo! is planning to slash around 2,000 jobs, or 14 per cent of its workforce,...

Avon rejects Coty's 'opportunistic' $10 bn takeover bid

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Leader of the Arellano-Felix Organization Sentenced in San Diego for Racketeering and Money Laundering Offenses

Benjamin Arellano-Felix, the former leader of the Tijuana Cartel/Arellano-Felix Organization (AFO), was sentenced today in U.S. District Court in San Diego by the Honorable Larry A. Burns to serve 25 years in federal prison, announced U.S. Attorney...

Aging government buildings are often wireless black holes, officials say

Even if federal agencies gave all their employees mobile devices tomorrow, many government buildings lack the wireless infrastructure needed to support the technology, government and industry officials said on Tuesday.

Important change in oil company rankings

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The world's biggest listed producer of oil is no longer US giant Exxon Mobil.

Pakistan-China trade can reach $15 bn: Gilani

Pakistan and China have the potential to enhance economic ties, and bilateral trade can reach the target of $15 billion in the next three to four years, Pakistani Prime Minister Yousuf Raza Gilani said Sunday.

South Korea sees slump in economy

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The central bank of South Korea has acknowledged the economy grew at its slowest pace for two years in the last...

EU, ASEAN to Discuss Extensive Trade Agreement

A key European Union trade official wants to begin negotiations on a far-reaching free trade agreement with the Association of Southeast Asian Nations, or ASEAN. The comments were made at a business summit between EU and Asian officials Sunday in the...

California Pawnbrokers launch web campaign

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Former Yonkers City Council Democratic Majority Leader and Former Yonkers Republican Party Chief Convicted in Manhattan Federal Court on All Counts in Public Corruption Trial

Preet Bharara, the United States Attorney for the Southern District of New York, announced that Sandy Annabi, the former Democratic Majority Leader of the Yonkers City Council, and Zehy Jereis, the former head of the Yonkers Republican Party, were...