IBT Staff Reporter

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Australian Dollar Outlook 02/7/2010

The AUD has opened slightly firmer today after it was announced the government and the mining industry had reached a deal on the new profits tax late yesterday.

ComScore acquires Nexius unit

Digital market research firm ComScore Inc acquired the products division of Nexius Inc, a provider of network analysis focused on the experience of wireless subscribers, to strengthen its product line-up targeted at wireless carriers.

Weather hinders oil cleanup

Tropical storm Alex slowed oil spill clean-up and containment work in the Gulf of Mexico and drove more petroleum into fragile Gulf wetlands and beaches on Thursday, with any permanent fix to BP Plc's ruptured deep-sea well still several weeks away.

Blockbuster says to delist from NYSE

Blockbuster Inc on Thursday said it plans to begin the process of delisting from the New York Stock Exchange, after shareholders rejected a proposed reverse stock split intended to keep its price at acceptable trading levels.

Toyota mulling another recall

Toyota Motor Corp officials in the United States said on Thursday that an internal investigation will be completed next week into possible stalling of Lexus engines, but they did not say whether the cars will be recalled.

Automakers see no sign of expected recovery

U.S. auto sales slipped in June from the previous month and major automakers said there was no sign of the second-half recovery the battered industry had expected at the start of the year.

AIG CEO and chairman to work out differences: source

American International Group Inc Chief Executive Robert Benmosche and Chairman Harvey Golub, at odds over a botched sale of the company's Asian life unit, have agreed to work out their differences, a source familiar with the situation said on Thursday.

U.S. government slowly adopting Web-based computing

The United States, seeking to modernize technology and reduce costs, is embracing cloud computing, but privacy and security issues need to be ironed out during a decade-long transition, U.S. officials said on Thursday.

Airbus, Boeing spar again as appeal looms

Airbus and Boeing clashed over aid for the next generation of European passenger jets on Thursday, while details emerged on the battleground for possibly lengthy appeals following a major trade ruling on aircraft subsidies.

AIG CEO, chairman to work out differences: report

American International Group Inc Chief Executive Robert Benmosche and Chairman Harvey Golub, at odds since a botched sale of the company's Asian life unit, will try to work out their differences, the Wall Street Journal reported on Thursday.

June auto sales flat but Hyundai gains

Auto sales slipped in June from the previous month's pace and major automakers said there was no sign of the definitive second-half recovery that the battered industry had expected at the start of the year.

Brokers also want to be your banker, lender

Big brokerages are working to boost banking and lending services to their clients, eager for new revenue to offset the squeeze from volatile markets and nervous clients clinging to low-margin bond and cash funds.

Goldman says claims against AIG were legitimate

Goldman Sachs officials insisted demands for billions of dollars from insurer AIG ahead of a $182-billion government rescue package were based on legitimate market prices and denied gaming values for a massive payout.

Global manufacturing growth cools in June

Manufacturing growth cooled around the world in June, with China hitting its slowest pace in more than a year and growth in the United States and Europe also easing -- further evidence that the global economic recovery is moderating.

How Realistic Is a Change of US Policy Regarding Israel?

Whoever said it's all about the economy, stupid, got it only partially right. It is indeed all about the economy, or at least half of it is about the economy. The rest is about a country's national interest. Typically, nations act or react to situations involving one of the above-mentioned

Treasury cuts Citi stake at $2 billion gross profit

The Treasury said on Thursday it has earned a gross profit of about $2 billion on sales of about one-third of its common stock holdings in Citigroup Inc as the government ramps up efforts to unwind bailout programs.

GM June U.S. sales up nearly 11 percent

General Motors Co reported a 10.7 percent rise in June U.S. sales, helped by strong demand for newly launched vehicles such as the Chevrolet Equinox crossover and a recovery in truck sales.

Toyota mulling another recall; engines may stall

Toyota Motor Corp by Thursday morning had not yet alerted U.S. safety regulators of a recall of one Toyota and seven Lexus models for possible engine stalling while driving, a federal safety official said.

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