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Citigroup sets aside jet purchase after Obama admin pressure

The efforts of the U.S. government and the Treasury Department to avoid misuse of bailout funds amid an unprecedented financial crisis in America has led Citigroup Inc. on Tuesday to cancel its move to take possession of a new corporate jet which had planned to buy.
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Puerto Rico

Both Spanish and English are the official languages, the local currency is the U.S. dollar, and no visas or passports are required to enter Puerto Rico from the United States. Mail is sent through the US Postal Service at the same rates as on the mainland.
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Australia

Australia is the sixth largest country in the world. It's about the same size as the 48 mainland states of the USA and 50 per cent larger than Europe, but has the lowest population density in the world - only two people per square kilometre. This vast continent ...
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Washington DC

Washington DC is located near the middle of the eastern coast of the USA. It is 230 miles south of New York City, less than an hour drive to Baltimore and slightly more than two hours to Philadelphia. The city is near the vast Chesepeake Bay about 100 miles inland from the Atlantic Ocean. The surrounding landscape is nearly flat with some gently rolling hills and shallow valleys. Summers can get q...
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Los Angeles

Los Angeles is the largest city in California and the second largest city in the United States of America. It is located on the southern coast of California about 75 miles (120km) north of the Mexican border and 400 miles (600km) south of San Francisco. The original name of the city was
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San Francisco

San Francisco is on the coast of California about 400 miles north of Los Angeles. It is situated along the shore of a large bay sheltered behind the California Coastal Mountains. The city is renown for its steep streets with panoramic views of beautiful San Francisco Bay and the surrounding mountains. It has a very moderate climate with warm summers and chilly winters but without extremes. Constan...
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OzForex FX Market Watch - 27/01/2009

USD : On the US front this week it all starts with Existing Home Sales data for the month of December. On Tuesday we see the release of Consumer Confidence data. The
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Last Week Recap - 27/01/2009

The Australian Dollar continued last week to be bogged down in a 4 cent trading range with the low being 0.6414 and the high being 0.6839. With the local data out during the
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Bill Gates' charity takes hit in crisis, will boost spending

Bill Gates, now working full time at his philanthropic foundation - the world's largest - says its assets lost 20 percent of the their value in 2008, but said spending would increase as it seeks to tackle global inequity ranging from education, to health issues.
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GM faces Obama's new climate policies

General Motors responded to President Barack Obama's address on climate policies Monday, saying it was working aggressively to develop better hybrids and electric cars to reduce emissions and improve mileage.
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General Motors faces Obama's new climate policies

General Motors responded to President Barack Obama's address on climate policies Monday, saying it was working aggressively to develop better hybrids and electric cars to reduce emissions and improve mileage.
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Elite retreat amid economic crisis

Amid an unprecedented global economic crisis, The World Economic Forum 2009 taking place in Davos, Switzerland kicks off from Jan 28 to February 1, as thousands of key economic figures come together to discuss and find ways to stabilize and relaunch the global economy.
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Pfizer, Wyeth announce biggest U.S. merger in three years

Pharmaceuticals giant Pfizer Inc will acquire Wyeth in a $68 billion cash and stock deal -- the biggest U.S. merger in three years -- to create a diverse health products company which executives hope will deliver stable growth to investors, the companies said on Monday.
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Pfizer and Wyeth near merger: Reports

Drugmakers Pfizer and Wyeth are close to sealing a deal worth $68 billion in a cash-and-stock deal that could be announced before the markets open Monday, according to reports.
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US Airways hero pilot says he just did his job

A U.S. commercial airline pilot called a national hero for successfully landing a disabled jet in New York’s Hudson last week on Saturday made his first public comments since the incident.
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The Quiet Consolidation

Quietly and with little fanfare, the ownership of hundreds of public companies in the United States has moved from being dispersed among many players to being concentrated in the hands of a just a few. But it's not big banks that are dominating corporate ownership, as in the past. Instead it's mutual funds that hold almost 30 percent of U.S. corporate ownership today, compared with 8 percent in ...
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Change Leadership

Kellogg School professors weigh in on the management lessons awaiting President Barack Obama

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