SEC nominee to face senate 'probe'
Washington: William Donaldson, the White House nominee to head the market-regulating US Securities and Exchange Commission, was expected to face questions at a Senate hearing on Wednesday about his record as New York Stock Exchange chairman and as chief of a large health insurer.
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Bank of America to Cut 1,000 jobs
London: Bank of America Corp. aims to cut around 1,000 technology and back office jobs in the first quarter of this year in a move to cut costs in the face of tough economic conditions, the bank's spokeswoman in London said on Wednesday.
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WB study quiz agencies' sovereign rating methods
New York: A World Bank study has virtually questioned the methodology of sovereign rating by the international agencies, saying there was evidence that Moody's such rating had low predictive power for currency crises.
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LG Elec. posts Q4 loss on bonus, weak display unit
Seoul: LG Electronics Inc, South Korea's top maker of home appliances, posted a fourth-quarter loss on Wednesday and missed market expectations due to employee bonus payments and losses at the firm's display-making unit.
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Yahoo expands Overture relationship
New York: Internet media company Yahoo Inc. has expanded its relationship with paid search listings company Overture Services Inc., a move that could increase Overture's revenue by as much as 9 per cent, brokerage US Bancorp Piper Jaffray said on Tuesday.
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