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Monthly Archive May, 2008

Siemens compliance officers knew of bribes: witness

May 29, 2008

Compliance officers at German engineering giant Siemens (SIEGn.DE: Quote, Profile, Research) and auditors at KPMG turned a blind eye to a system of slush […]

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Dow sees crude prices hurting U.S. economy

May 24, 2008

The soaring cost of crude oil, coupled with the ongoing crisis in the housing market is pressuring the U.S. economy and changing consumer behavior, […]

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Fears of future energy crunch tilt oil curve

May 23, 2008

Rising concerns about an energy supply crunch in the coming years are helping send up long-term crude prices much faster than the dazzling rally […]

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U.S. refiners turn attention to diesel amid boom

May 21, 2008

After focusing heavily on gasoline for decades, U.S. oil refiners are starting to redirect their attention to hiking diesel production capacity to cash in […]

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Profitable quarter for Blockbuster

May 18, 2008

The movie rental chain Blockbuster says it swung to a first-quarter profit on lower expenses and improved results from its subscription service and domestic […]

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Rockefellers gain more fuel for Exxon change

May 15, 2008

Rockefeller family members and other shareholders pushing to split the top two leadership roles at Exxon Mobil Corp., the world’s biggest publicly traded oil […]

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Allianz quarterly profit falls 65%

May 13, 2008

German insurer Allianz SE said Friday first-quarter net profit fell 65% due to difficult market conditions as it wrote down $1.3 billion tied to […]

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EADS underscores commitment to U.S. production

May 11, 2008

Europe’s EADS (EAD.PA: Quote, Profile, Research) said on Friday its on-time and on-cost deliveries of light utility helicopters to the U.S. Army underscored the […]

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Big oil soaks up $1.4B in tax breaks

May 9, 2008

OTTAWA—Not only are Canadian motorists paying record high prices at the gasoline pumps, they are handing the big oil companies $1.4 billion a year in […]

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Week 1 of rebates: $7.1 billion sent out

May 8, 2008

Nearly 8 million taxpayers found some extra money in their bank account this week, courtesy of the U.S. Treasury.
The Treasury Department deposited about $7.1 […]

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