BUSINESS

For Walgreen Co., A Choice With Growth And Risk

Walgreen
Walgreen Co. (NYSE: WAG), the largest U.S. drugstore operator, is facing challenges it has never seen in its 111-year history, and this week it responded to those challenges with a high-stakes strategic move.
How To Use Google Maps Coordinate For Your Mobile Business [VIDEO]

How To Use Google Maps Coordinate For Your Mobile Business [VIDEO]

Google announced a new tool called Google Maps Coordinate on Friday, which helps businesses coordinate tasks and locations via the easy-to-use Google Maps platform. With more than 1.3 billion workers -- 37.2 percent of the total workforce -- expected to be completely mobile by 2015, Google's solution seeks to help businesses communicate with their employees in the field and deploy them with the user-friendly Maps app.
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Developers, Rejoice! Apple Launches App Store In 32 More Countries

As expected, the App Store has officially launched in 32 new countries as of Friday, including Albania, Fiji, Namibia, Nepal, and Ukraine. This means that app developers can now sell or distribute their applications for gaming, productivity, news, business, education and entertainment in a total of 155 countries around the globe.
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ECB Eases Lending Standards

The European Central Bank said Friday it was easing the collateral rules on certain asset-backed securities currently pledged by banks as backing for ECB loans. Specifically, the bank will accept lower-quality securities as collateral for loans made to banks without demanding higher cash collateral, as had been the case in the past.
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Canadian Inflation on Ice

Wrapping up some fairly important Canadian data this week, CPI numbers were released earlier this morning and showed that inflationary pressures are easing somewhat, continuing to stay of the south side of the Bank of Canada's target.
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Moody's Takes a Hatchet to Global Banks

Few large financial institutions managed to escape unscathed as Moody's repositioned the ratings of 15 banks and securities firms with global capital markets operations after the closing bell on Thursday.
A trader reacts in front of the DAX index board at Frankfurt's stock exchange

European Markets Fall Amid Weak Euro Zone Data

European markets fell Friday as concerns about the economic slowdown were revived after data from the euro zone was disappointing and 15 global banks were downgraded by Moody's Investor Service.
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Asian Markets Decline On Bank Downgrades, Factory Data

Asian shares fell Friday and the safe-haven dollar hovered near its highest in a week-and-a-half after weak manufacturing data from the United States, Europe and China heightened fears over the outlook for global growth.
Moody's

Moody's Downgrades 5 Big US Banks, 9 European Banks

Moody's Investors Service downgraded 15 global financial institutions Thursday, including five of the largest U.S. banks, nine major European banks and the Royal Bank of Canada (NYSE: RY), a move that could tighten borrowing and require the companies to post billions of additional collateral.

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