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12 May 2005 04:55 PM
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US vending industry to gather fruit from micropayments:
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A TowerGroup estimate showed that the potential market for payments of less than $5 is valued at $1.32 trillion pointing at the possibility for the US vending industry to expand on the micropayments market.
The amount of smaller purchases from credit cards is growing rapidly, although cash is also used widely. The
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12 May 2005 04:22 PM
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MARKET SNAPSHOT: COMMODITIES, U.S. EQUITIES:
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The Dow Jones Industrial declined 110.77 points, or 1.08%, to 10,189.48. The Nasdaq Composite was down 7.67 points
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12 May 2005 02:21 PM
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MARKET SNAPSHOT: COMMODITIES, EUROPEAN EQUITIES, FOREX:
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The Dax Index rose 22.89 points, or 0.54% to 4267.05, the FTSE 100 Index added 17.80 points, or 0.37% to 4893.20, the CAC 40 Index advanced 36.12 points, or 0.91% to 4015.65.
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12 May 2005 02:18 PM
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Dollar market feels presence of EIB and Depfa ACS:
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The European Investment Bank doubled the maturity of its yield curve by selling the first 30-year bond by a supranational agency on Wednesday.
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12 May 2005 01:56 PM
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UK consumers use credit cards more often:
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UK consumers use credit cards for daily purchases such as milk ans bread, according to the recent survey. About 44% of all credit card balances consist of petrol and grocery purchases, the survey shows.
The latest Morgan Stanley Card Index showed that the UK consumers are changing thier customer habits. That
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12 May 2005 01:17 PM
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Baghdad suffers from new bombings:
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Today Baghdad's eastern Jadida district market was attacked by a suicide car bombing that killed 40 people and injured 16, the Iraqi Interior Ministry said.
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12 May 2005 01:16 PM
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US airlines demand pension reform legislation:
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About 150 American flight attendants lobbied members of Congress Wednesday at the Capitol, demanding support for pension reform legislation supported by all three of American's unions and by American's management.
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12 May 2005 12:38 PM
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One more accounting violation found by Fannie:
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The government-backed mortgage lender Fannie Mae found one more violation of accounting rules relating to the classification of securities of its portfolio.
The
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12 May 2005 11:35 AM
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Congress to make harder pension plan act:
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Congress is working on the improving situation with the pension funds after the collapse of UAL Corp.’s pension plan that was eventually dumped on the federal government. New act is expected to maintain all the necessary
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12 May 2005 11:34 AM
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Blockbuster board gives seats to Icahn:
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The board of Blockbuster, company with the market capitalization of $1.9 billion, allowed dissident Carl Icahn to take seat in the company’s board despite the fierce opposition from Blockbuster’s Chairman and CEO John Antioco.
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12 May 2005 11:09 AM
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Foreign investment continues to grow in China:
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Foreign investment in China was up 2.2% in the first four months of 2005 as compared to the same period a year earlier, reaching $17.5 billion, reported China’s Ministry of Commerce today. Contracted foreign investment
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12 May 2005 08:38 AM
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U.S. retail sales rocketed 1.4% in April:
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U.S. retail sales rocketed 1.4% in April, the highest gain in 7 months, according to the Commerce Department. Analysts were forecasting 0.7%. Excluding autos, retail sales rose 1.1%. Economists were expecting
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12 May 2005 08:36 AM
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U.S. initial claims rose to 340,000 last week:
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U.S. initial claims rose 4,000 to 340,000 in the week ended May 7, according to the Labor Department.
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12 May 2005 08:13 AM
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Wal-Mart 1Q profit rose more than 13%:
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Wal-Mart Stores, the world’s largest retailer, reported on Thursday that its first-quarter profit rose more than 13%.
Profit climbed to $2.46 billion, or 58 cents a share, from $2.17 billion, 50 cents, in the previous year. Excluding some
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12 May 2005 07:53 AM
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NAB cuts 2,500 jobs in Australia, closes 100 branches in UK:
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National Australia Bank (NAB), Australia’s biggest bank by assets, said it would shut 100 branches in the UK and cut 2,500 jobs in Australia, in an attempt to recover from a trading scandal.
Earlier, NAB reported a 12.5% drop in first-half cash earnings. Despite earnings drop, the bank plans to expand its operations in the south east of England.
NAB
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