UNITED KINGDOM

Cash Mobs gather to splurge in locally owned stores

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Flash mobs have been blamed as a factor in looting during urban riots. But now a group of online activists is harnessing social media like Twitter and Facebook to get consumers to spend at locally owned stores in cities around the world in so-called Cash Mobs.
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James Murdoch severs all ties with UK newspapers

James Murdoch has severed all ties with News Corp's British newspaper business, which is at the centre of multiple investigations over phone and computer hacking and bribery, according to regulatory filings.
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Workers wait in front of the Opel plant of Bochum

Opel May Close Two European Factories - Reports

Rumors of factory closings swirl around General Motors Co.'s German subsidy Opel, even as the company leads the way in sales of its electric Ampera, the European version of the Chevy Volt.
Ben Bernanke

This Week’s Economic Events: Bevy Of Fed Speakers

This week - March 26 to 30 - will highlight Wednesday's durable goods report and a busy policy calendar, including the core of the Federal Open Market Committee: Chairman Ben Bernanke and New York Fed President William Dudley. Wall Street will be closely monitoring the Fed officials' speeches, hoping to find clues of their latest views on the economic, inflation and policy outlooks.
Stamps

Stamp Firm Stanley Gibbons Sees Olympics, Royal Boost

British stamp-collecting firm Stanley Gibbons reported a jump in profit and said it expects to benefit from enthusiasts buying memorabilia commemorating the Olympics and Queen Elizabeth's Diamond Jubilee this year, with its order book at record levels
Unleaded petrol

UK Gas Prices Reach Record High

Figures from industry analysts Experian Catalist showed drivers were paying an average £1.42 a liter, as fears over Iranian supplies have seen the price of crude oil soar more than 12 percent since January.
Coup leaders in Mali, captured from TV image, Thursday, March 22, 2012

Mali Coup Leaders Steer Clear Of Economic Upheaval

Although leaders of the military coup in Mali appear to be rounding up and jailing potential opponents among politicians and policymakers, they seem to be trying to minimize disruptions to the economy and daily life, leaving in place government ministers in charge of finance, trade and industries.
Syria's President Assad and wife arrive at a dinner during a EU-Mediterranean summit in Paris in 2008.

EU Sanctions Syrian First Lady

The wife of Syria's leader, Asma al-Assad, will suffer sanctions from the EU, including a travel ban to Europe and an asset freeze.
A sculpture showing the Euro currency sign is seen in front of the European Central Bank (ECB) headquarters in Frankfurt

Ireland Q4 GDP Declines, Returns To Recession

The GDP of Ireland for Q4 declined 0.2 percent, according to data released by the Central Statistics Office on Thursday, which meant that the country has officially returned to recession.
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Opel to submit plant closure plan to board: sources

General Motors' Opel managers will present a business plan next Wednesday to the unit's board that likely will involve closing two plants in Europe to reduce manufacturing capacity by some 30 percent, people familiar with the company's thinking said on Thursday.
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GameStop expects higher sales this year

GameStop Corp gave a fiscal-year outlook on the high end of analysts' estimates, saying it expects to boost sales of used videogames and to benefit from new hardware from Nintendo Co Ltd.
GlaxoSmithKline

GlaxoSmithKline To Inject £500M Into UK Manufacturing

Britain's largest drugmaker GlaxoSmithKline announced on Thursday plans to invest £500 million ($792 million) in local manufacturing operations, opening a facility in Scotland that is expected to create 1,000 jobs over the coming years.
Goldman Sachs: Greg Smith Op-Ed Triggers Internal Email 'Muppet' Hunt

Goldman Sachs: Did Greg Smith Op-Ed Trigger Internal Email 'Muppet' Hunt?

Goldman Sachs is planning to conduct a company-wide internal email scan to see if employees are really using derogatory terms like muppet to refer to their clients, a move triggered by last week's scathing op-ed by former employee Greg Smith. Smith tore into the investment and securities giant for its toxic, destructive and unethical environment after resigning earlier this month.

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