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Videocon preferred bidder for Daewoo Electronics

A consortium of India's leading electronics and energy major, Videocon Industries Limited and US fund Ripplewood Holdings has emerged as the preferred bidder to buy South Korean appliances maker Daewoo Electronics.

Cyber crime becoming more organized

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Cyber scams are increasingly being committed by organized crime syndicates out to profit from sophisticated ruses rather than hackers keen to make an online name for themselves, according to a top U.S. official.

Consumer Prices Rise in August, As Expected

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U.S. consumer prices and costs excluding food and energy both rose a modest 0.2 percent last month, the government said on Friday in a report that could reassure the Federal Reserve that inflation pressures are easing.
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Microsoft Unveils Zune

Yesterday Microsoft Corporation unveiled details of the first of its products to be released under its Zune brand.
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Ford won't have big European reorganization

Ford Motor Co's strategic overhaul will not lead to a big revamp in its profitable European operations, Ford of Europe President and Chief Executive John Fleming said on Thursday.
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Oil rebounds above $64

Oil rebounded above $64 a barrel on Thursday as bargain hunting buyers stepped in after a month long rout and a renewed U.S. push for immediate sanctions against Iran
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GUS reports mixed as split nears

GUS, set to split into two FTSE 100 companies next month, reported a slight slowdown in growth at its credit information business
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Funds Flirt With Scandal-Tainted Stocks

Some of America's most prominent investment firms loaded up on shares in dozens of public companies even as the U.S. government stepped up probes into those companies use of option grants.
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Nikkei edges up on chip stocks

The Nikkei share average edged up 0.20 percent on Wednesday as Advantest Corp. and other chip stocks rose but consumer loan companies such as Credit Saison Co. fell on a report of tighter accounting rules.
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Bureaucratic bungling gave Big Oil royalty break

Big oil companies were able to avoid paying the government billions of dollars in royalties normally due on drilling leases in the Gulf of Mexico because of bureaucratic bungling at the U.S. Interior Department, the department's inspector general told Congress on Wednesday.
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Verizon strikes TV deal with Maryland county

Telecommunications company Verizon Communications Inc. said on Wednesday that officials in Montgomery County, Maryland, have agreed to let it sell Web-based video service to local residents and that it may drop its lawsuit against the county for blocking it.
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Government to Prevent Foreign Regulation of LSE

Today it was announced that the British Government will be introducing legislation to ensure that the London Stock Exchange will continue to be governed by what Treasury Secretary Ed Balls described as a “light touch risk based regulatory regime.”
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Oil eases back below $64

Oil dipped back below $64 a barrel on Wednesday as traders await the debate among members of the U.N. nuclear watchdog over Iran's atomic work.
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Wall St Set for Lackluster Start; Lehman in Focus

Wall Street stocks are set for a muted start to Wednesday trade as investors consolidate positions after the push to four-month highs, with crude oil trading at $64 a barrel helping ease inflation concerns.
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Profits jump at Pinewood

Film studio owner Pinewood Shepperton plc, famed for the James Bond and Harry Potter films, unveiled a joint venture to develop its business as it reported a big jump in first half profits.
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BAE profits jump on U.S. deals

BAE Systems said on Wednesday its core first half earnings rose by 39 percent helped its U.S. operations, including a one off accounting gain there.
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FTSE led up by Next

The FTSE 100 edged higher on Wednesday, led by Next after it reported results well ahead of consensus estimates, but weighed down by miners after a decline in metal prices.

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