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Yahoo! News: Business News
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Business News
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Using Che Guevara image riles some Cuban Americans
(AP)
AP - Some Cuban Americans in south Florida are upset to see a picture of revolutionary Che Guevara promoting an irreverent car race.
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Stock futures fall on renewed European banking concerns
(Reuters)
 Reuters - Stock index futures fell on Monday after reports on the European banking system rekindled concerns about the financial health of the region.
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All change at UK banks, Diamond gets top Barclays job
(Reuters)
 Reuters - Change swept through the top of Britain's banks on Tuesday as Barclays said its investment banking supremo Bob Diamond will take over as chief executive and HSBC was expected to say its chairman is going into government.
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Basel bank talks refocus investors on capital
(Reuters)
Reuters - Global regulators meeting on Tuesday look set to finalize tougher bank capital rules roughly in line with expectations but the package may take effect sooner than anticipated, raising investor concerns over dividends.
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Norway man pleads not guilty to terror financing
(AP)
AP - A Somali-born Norwegian citizen pleaded not guilty Tuesday to charges of sending over $30,000 to top leaders of an al-Qaida-linked Somali militant group at the start of the first trial under Norway's 2002 terror financing law.
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EU nations OK financial supervision deal
(AP)
 AP - European Union countries have approved a financial oversight structure meant to shield against market turmoil and contain the excessive risk-taking that many blame for the global financial crisis.
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AIG seeks Sept 21 approval for AIA IPO: sources
(Reuters)
Reuters - American International Group Inc plans to seek Hong Kong listing committee approval on September 21, to list its Asian life insurance unit, aiming to raise about $15 billion, two sources with direct knowledge of the deal said on Tuesday.
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EU ministers bid to end row over banking taxes
(Reuters)
 Reuters - European Union finance ministers made a fresh attempt on Tuesday to settle their differences over taxation of banks and trading as they prepared to approve the creation of new financial watchdogs.
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Oracle hires former HP's Mark Hurd
(Reuters)
 Reuters - Silicon Valley technology giant Oracle Corp has hired Mark Hurd, the former chief executive of Hewlett-Packard Co who resigned amid a scandal, as president.
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US won't say if blowout preventer on way to shore
(AP)
 AP - The Justice Department won't say if the blowout preventer that failed to stop oil from gushing from BP's undersea well into the Gulf of Mexico is on its way to shore.
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Greeting card giant Hallmark heads for 2nd century
(AP)
 AP - Hallmark Cards Inc., a $4 billion empire built on a demand for printed sentimentality, enters its second century facing a weak economy and what could be an even greater challenge: a generation that has grown up posting its sentiments online.
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Venezuela OKs payment for French retailer Casino
(Reuters)
Reuters - Venezuelan President Hugo Chavez has approved a $690 million payment to French retailer Casino and other owners of a supermarket chain nationalized earlier this year, state media said on Saturday.
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Summary Box: Stock market snaps a three-week slump
(AP)
AP - SEPTEMBER RALLY: The stock market had its first winning week in a month after better news on employment and manufacturing lifted shares.
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Petrobras sells 64 bln dlrs of stock to fund oil exploration
(AFP)
 AFP - Brazil's Petrobras unveiled one of the world's biggest share offerings Friday, a sale of up to 64 billion dollars in new stock to finance oil exploration aimed at turning Brazil into a leading oil exporter of the 21st century.
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Campbell reports Q4 profit rise on better margins
(AP)
 AP - Summer is rarely a hot sales season for Campbell Soup Co., and this year's sweltering June and July made that even more true, but the company said Friday that cost-cutting and strong drink sales helped its net income climb.
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