Oil jumped more than a dollar to above $60 on Thursday after an OPEC delegate said the producer group will cut output by 1 million barrels per day as soon as possible to prop up prices. Top world exporter Saudi Arabia will lower production by 300,000 barrels per day as part of the plan,...
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With the vision of the old cartoon character Mr Magoo the Bank of England played it cool and decided to hold rates in the UK at 4.75 percent. Although the reasons for the decision will be released later, it was considered the chances were 50/50 that rates would hold or rise this time.Whilst many...
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We all know that the public loves a good conspiracy theory well according to her lawyer quoted in Reuters, ex Hewlett-Packard Chairman Patricia Dunn is the victim of a "disinformation campaign”. In a statement that you couldn’t make up, Jim Brosnahan of law firm Morrison & Foerster called the charges false and said: "These...
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An investigation by a special committee of Apple’s board found irregularities with stock option grants made between 1997 and 2002, the company said in a statement on Wednesday. The investigation started about three months ago.Following the probe Fred Anderson who served as Apple’s CFO for eight years until 2004, resigned his seat on Apple’s...
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It has been announced that ex Hewlett-Packard Chairman Patricia Dunn and four others are to be charged by California officials today, the first prosecution in an investigation of illegally obtained phone records, a clerk said. Dunn allegedly authorized the internal investigation, which involved using fake identities to obtain private phone records, a tactic called...
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