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Gulf Arab States to Provide $20 Billion to Bahrain, Oman After Protests
Gulf states plan to provide Oman and Bahrain, which have faced popular protest movements, with $10 billion each over a decade.
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Daimler, Rolls-Royce Said to Resist Calls to Raise Tognum Takeover Offer
Daimler AG and Rolls-Royce Group Plc plan to resist calls to raise their joint takeover offer for Tognum AG even as the stock hovers above the bid price, two people close to the companies said.
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OSC to Focus on `Regulatory' Issues in Review of TMX Sale, Wetston Says
The Ontario Securities Commission will focus on “regulatory aspects” in its review of the proposed sale of the TMX Group Inc. to the London Stock Exchange Group Plc , said commission Chairman Howard Wetston .
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U.S. Stocks Sink as Economy Concern Sends Dow to Biggest Drop Since August
U.S. stocks fell, sending the Standard & Poor’s 500 Index to the lowest since January, as increases in jobless claims and the trade deficit and a slowdown in China’s export growth spurred concern the economy may falter.
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Rehn, Barnier Confident Greece Can Accomplish Economic Reforms
European Union commissioners Olli Rehn and Michel Barnier said they are confident in Greece’s efforts to tackle its debt in the wake of its downgrade by Moody’s Investors Service.
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Bank of Spain Says 12 Lenders Needing Capital Include Eight Savings Banks
The Bank of Spain said of the 12 lenders that need to raise capital, eight are savings banks or “cajas.” It commented in a statement today.
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Tea Party Republicans Fight Compromise After Senate Defeats Budget Plan
House Republican freshmen are urging their leaders to resist compromising on spending cuts after the Senate defeated the party’s plan to cut $61 billion from the federal budget this year.
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Ryanair Takes U.K. Regulator to Court Over Aer Lingus Probe
Ryanair Holdings Plc , Europe’s biggest discount carrier, told a U.K. court that Britain’s antitrust regulator waited too long to start a probe of its minority stake in Irish competitor Aer Lingus Group Plc .
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Renewable Energy Thwarted as Much as Coal by Rules, Group Says
Renewable-energy projects such as wind farms and solar fields are just as hard to build in the U.S. as coal-fired power plants because of regulatory obstacles and activists’ protests, the U.S. Chamber of Commerce said.
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Glaxo, Human Genome Win Approval for First Lupus Drug in 52 Years
GlaxoSmithKline Plc and Human Genome Sciences Inc. won U.S. approval to sell Benlysta , a potential $3.6 billion product that will be the first new drug in 52 years for the auto-immune disease lupus.
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Bloomberg's Jaroslovsky Reviews Apple's IPad 2 Tablet: Video
Bloomberg's Rich Jaroslovsky reviews Apple Inc.'s iPad 2. The new version, which is thinner, lighter and faster than the first model, is equipped with a couple of cameras and goes on sale in the U.S. tomorrow. (Source: Bloomberg)
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Scene Last Night: Yacht Club Warms to Oyster Boy, Harbor School
In the model room of the New York Yacht Club last night, the crowd threw around some big numbers.
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Referees From St. John's-Rutgers Game Quit Big East Conference Tournament
The three referees who missed violations during the final seconds of yesterday’s Big East Conference tournament game between St. John’s University and Rutgers University have “voluntarily withdrawn” from the rest of the basketball championship.
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Krawcheck Said to Exempt Merrill Brokers From `Garden Leave'
Sallie Krawcheck , head of Bank of America Corp.’s wealth management division, told Merrill Lynch financial advisers that a new “garden leave” policy doesn’t apply to them, said two people with knowledge of the matter.
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