UNITED STATES

California Governor Jerry Brown speaks to reporters after delivering the State of the State address in Sacramento

California governor Brown freezes state hiring

California Governor Jerry Brown ordered a hiring freeze on Tuesday across the state's government to help cut costs in the face of a budget gap of at least $25 billion. The budget deficit of the nation's most populous state is closely tracked in financial markets. California is the biggest issuer of U.S. municipal debt, and is of concern in Washington

Wall St rises on M&A, Dell earnings

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U.S. stocks rose on Wednesday after estimate-beating results from technology bellwether Dell and a deal for Sanofi-Aventis to buy Genzyme for $20.1 billion in cash.
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Skype happy to hire Finnish engineers

Internet telephone service Skype said Nokia's alliance with Microsoft presented an opportunity for the company to tap into Finnish engineering talent looking for new jobs.
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Borders files for bankruptcy

Borders Group Inc , the second-largest U.S. bookstore chain, filed for Chapter 11 bankruptcy protection, after years of sharp sales declines that made it impossible to manage its crushing debt load.

Surging Wireless Taxes A Growing Burden

Wireless consumers across the United States continue to face excessive and discriminatory federal, state, and local taxes and fees on their wireless bills, says a new report, which finds Nebraska paying a whopping 23.69 percent.
Traders

World Market update 16/2/2011

Futures on major U.S. stock indices point to higher opening on Wednesday ahead of wave of economic data including producer price index and building permits.
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Cost cuts drive Heineken to forecast-beating 2010

Heineken NV , the world's third-largest brewer, beat full-year earnings forecasts as cost cuts in Europe and savings from a large Mexican acquisition more than offset lower beer sales, lifting its shares.
India and Japan, two of Asia's largest economies, signed the landmark free trade agreement (FTA) on Wednesday, paving way for the elimination of  tariffs on more than 90 percent of goods traded between the two countries over the next decade.

India-Japan free trade agreement: A win-win deal

India and Japan, two of Asia's largest economies, signed the landmark free trade agreement (FTA) on Wednesday, paving way for the elimination of tariffs on more than 90 percent of goods traded between the two countries over the next decade.
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BHP Billiton CEO harbored concern over China spying

Global miner BHP Billiton's boss, Marius Kloppers, confirmed on Wednesday he had harbored concerns about Chinese and competitor espionage on his business, citing it as a reason behind his push for market pricing of key commodities.
China’s new regulations on rare earth minerals: report.

China to publish new regulations on rare earth minerals

China will soon publish new regulations to increase supervision of the country's rare earth industry in a move that is likely to drastically change the landscape of the sector, the China Securities Journal informed on Wednesday.

Sanofi sweetens Genzyme bid to $74/shr

French drug maker Sanofi-Aventis agreed to acquire U.S. biotechnology company Genzyme for $74.00 per share in cash or about $20.1 billion plus extra payments linked to experimental multiple sclerosis drug Lemtrada.
U.S. President Barack Obama

Obama slams Iran crackdown, urges Mideast reform

U.S. President Barack Obama on Tuesday condemned Iran's crackdown on protesters inspired by Egypt's popular uprising and urged friends and foes across the Middle East to take heed of their peoples' aspirations for democracy.
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StanChart exits loan trading to focus on lending

Emerging markets focused lender, Standard Chartered Bank <2888.HK>, has shuttered its global loans trading unit, sources familiar with the matter told Reuters on Wednesday, ending a unique experiment in Asia, as it moves to focus on lending to clients.
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IMG to spread Major League Gaming globally

NEW YORK - Major League Gaming, the largest professional competitive video game league, will be expanding to new markets outside North America thanks to a new partnership with IMG, the global sports and entertainment company.
TSA new body scanner software

Misusers of TSA body-scan images to be punished

Any person or authority found misusing scanned body images, produced during Transportation Safety Administration’s routine security checks on all US major airports, will be punished with up to a year in prison and a fine up to $100,000.
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G20 likely to repeat language on forex: official

The Group of 20 wealthy and emerging nations is likely to encourage emerging countries to let their currencies float more freely when they meet this week, in a repeat of language used last year, a G20 official said on Tuesday.
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A&P seeks nod to close 32 stores

Great Atlantic & Pacific Tea Co said it filed a motion seeking approval to close 32 stores in six states as the bankrupt grocer tries to fend off growing pressure in the low-margin supermarket business.
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Republicans to probe Fannie, Freddie executive pay

A key congressional panel charged with overseeing financial matters plans to question Fannie Mae and Freddie Mac executives over their multimillion-dollar compensation packages paid for by U.S. taxpayers.

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