| Business News |
House passes housing bill; Bush lifts veto threat
(Reuters)
Reuters - The House of Representatives passed
a massive housing rescue bill on Wednesday while the White
House dropped a threat to veto it, paving the way for measures
aimed at shoring up the worst U.S. housing market since the
Great Depression.
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Amazon profit, sales above view and shares rise
(Reuters)
Reuters - Amazon.com Inc said on
Wednesday quarterly profit doubled and sales grew 41 percent,
indicating to Wall Street that many cost-conscious shoppers are
heading online to save money in a tough economy.
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SemGroup gets court OK for initial bankruptcy motions
(Reuters)
Reuters - SemGroup LP, an Oklahoma-based oil
trading services company, on Wednesday said it received
approval from the Bankruptcy Court for its initial motions
related to its bankruptcy.
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Microsoft exec who led Yahoo bid leaving company
(Reuters)
Reuters - Microsoft Corp said on
Wednesday that Kevin Johnson, who as president of Microsoft's
largest business division spearheaded the company's pursuit of
Yahoo Inc , is leaving the software maker.
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China's Zhongxing in talks with GM, FAW: source
(Reuters)
Reuters - China's Hebei Zhongxing Automobile Co
is in talks with General Motors and major Chinese
automaker FAW Group to explore opportunities for cooperation,
including equity ties, a source close to the situation said on
Thursday.
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Sluggish Economy Slows 'Somewhat' As Oil Squeezes Spending, Fed Reports
(Investor's Business Daily)
Investor's Business Daily - The economy has slowed "somewhat" as rising energy prices and the credit crunch force consumers to cut back, the Federal Reserve said Wednesday.
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| Pressure mounts on Myanmar to accept help - 18, May 2008 |
By Aung Hla TunYANGON (Reuters) - Aid was trickling in on Sunday to an estimated 2.5 million people left destitute by Cyclone Nargis in Myanmar's Irrawaddy delta as more foreign envoys tried to get the junta to admit large-scale international relief.Thousands of children could die within weeks if food does not get to them soon, non-government aid organization Save the Children said.The World Food Program (WFP), leading the outside emergency food effort, said it had managed to get rice and beans to 212,000 of the 750,000 people it thinks are most in need after the May 2 storm, which left at least 134,00 dead or missing."It's not enough. There are a very large number of people who are yet to receive any kind of assistance and that's what's keeping our teams working round the clock," WFP spokesman Marcus Prior said in Bangkok.Save the Children said in a Sunday statement its research had found some "30,000 children under the age of five in the cyclone-affected Irrawaddy Delta were already acutely malnourished before the cyclone hit" on May 2."Of those, Save the Children believes that several thousand are at risk of death in the next two to three weeks because of a lack of food."In the last 50 years, only two Asian cyclones have exceeded Nargis in terms of human cost -- a 1970 storm that killed 500,000 people in neighboring Bangladesh, and another that killed 143,000 in 1991, also in Bangladesh.With the reclusive military government still refusing to open its doors to a large-scale tsunami-style aid operation, disaster experts say Nargis's body count could still climb dramatically.
(c) 2008 Reuters
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