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Spain's lender Bankia says it won't need more aid after it receives $24B in state support
Austrian finance minister says no to eurobonds, doesn't want to pay for neighbours' debts
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IMF's Christine Lagarde: more sympathy for poor African children than austerity-hit Greeks
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Austrian finance minister says no to eurobonds, doesn't want to pay for neighbours' debts
By The Associated Press | May 26, 2012
VIENNA - Austria's finance minister is rejecting the idea of introducing jointly issued eurobonds any time soon and says that running up new debts to finance growth is "nonsense." New French President Francois Hollande has revived talk of eurobonds, which could reduce troubled...
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Spain's lender Bankia says it won't need more aid after it receives $24B in state support
By Harold Heckle, The Associated Press | May 26, 2012
MADRID - The president of troubled Bankia tried Saturday to calm fears about the future of the bank, saying Spain's second largest mortgage lender will emerge as a solid financial entity after it receives €19 billion ($23.8 billion) in state aid in the country's biggest ever bank...
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IMF's Christine Lagarde: more sympathy for poor African children than austerity-hit Greeks
By Meera Selva, The Associated Press | May 26, 2012
LONDON - International Monetary Fund chief Christine Lagarde says she has more sympathy for poor African children than Greeks suffering under the country's economic problems and austerity measures. Making clear that the IMF has no plans to relent on its austerity requirements for the...
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Germany's Merkel presses for faster progress on revamping power network amid nuclear shutdown
By The Associated Press | May 26, 2012
BERLIN - Chancellor Angela Merkel is pressing for faster progress on revamping Germany's electricity network to support the country's transition to renewable energy sources as it switches off its nuclear plants. Merkel's government decided last year to accelerate the shutdown of...
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Spain's troubled nationalized lender Bankia asks for $24BN in state funds
By Ciaran Giles,Harold Heckle, The Associated Press | May 25, 2012
MADRID - Spain's troubled bank, Bankia, has asked the Spanish government for €19 billion ($23.8 billion) in financial support just as a leading credit rating agency downgraded it to junk status. Jose Ignacio Goirigolzarri, the bank's president, said late Friday that the bailout would...
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Softchoice wins purchase agreement with U.S. Navy worth up to US$700 million
By The Canadian Press | May 25, 2012
TORONTO - IT manager Softchoice Corp. (TSX:SO) says it has been awarded a purchase agreement with the U.S. Department of the Navy worth a maximum of US$700 million. The Toronto-based company — which works with organizations to select, acquire and manage their software and hardware...
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Finley says employment insurance data a victim of technical glitches
By The Canadian Press | May 25, 2012
OTTAWA - A government spokeswoman says public access to some key employment insurance data was cut off because of technical glitches that may soon be resolved. Alyson Queen, spokeswoman for Human Resources Minister Diane Finley, says part of the raw data flow to Statistics Canada was...
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Canadian Pacific says striking workers have more generous pensions than most
By Sunny Freeman, The Canadian Press | May 25, 2012
The pension offer being made to the union representing some 4,800 striking Canadian Pacific Railway employees is better than the industry standard, the company said Friday as contract negotiations continued ahead of looming back-to-work legislation. The railway operator said the...
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Yahoo scraps recently introduced digital magazine designed for iPad as part of housecleaning
By The Associated Press | May 25, 2012
SAN FRANCISCO - Yahoo has killed Livestand, a tablet magazine, just six months after its debut on the iPad. The decision announced Friday is part of the struggling Internet company's latest turnaround effort. Last month, Yahoo Inc. told analysts it would close or combine about 50...
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CEO pay up 6 per cent last year, AP study finds; shareholder activists see progress
By Bernard Condon,Christina Rexrode, The Associated Press | May 25, 2012
NEW YORK, N.Y. - Profits at big U.S. companies broke records last year, and so did pay for CEOs. The head of a typical public company made $9.6 million in 2011, according to an analysis by The Associated Press using data from Equilar, an executive pay research firm. That was up more...
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Spain's lender Bankia says it won't need more aid after it receives $24B in state support
Austrian finance minister says no to eurobonds, doesn't want to pay for neighbours' debts
Germany's Merkel presses for faster progress on revamping power network amid nuclear shutdown
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