News

Brazil oil firm Petrobras plans $65 billion stock sale (Reuters)

Reuters - Brazilian state oil company Petrobras will sell up to $64.5 billion in new stock — one of the largest in capital markets history — to raise funds for the world’s biggest oil exploration investment plan.

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Brazil oil firm Petrobras plans $65 billion stock sale
(Reuters)

3 Ways Obama Could Boost Hiring (U.S. News & World Report)

U.S.

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3 Ways Obama Could Boost Hiring
(U.S. News & World Report)

Obama says to address new economic ideas next week (Reuters)

Reuters - President Barack Obama on Friday said he would address a package of new measures next week to boost U.S. growth and hiring as he greeted the August job report as positive news.

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Obama says to address new economic ideas next week
(Reuters)

Petrobras sells 64 bln dlrs of stock to fund exploration (AFP)

AFP - Brazil’s Petrobras unveiled one of the world’s biggest share offerings on Friday, a sale of up to 64 billion dollars in new stock to finance oil exploration aimed at turning Brazil into one of the world’s top 21st century oil exporters.

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Petrobras sells 64 bln dlrs of stock to fund exploration
(AFP)

Oil prices stage gentle rebound after US payrolls (AFP)

AFP - Oil prices firmed on Friday as traders examined a better-than-expected payrolls report in the United States, the world’s leading energy consumer.

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Oil prices stage gentle rebound after US payrolls
(AFP)

Billionaire investor seals deal to buy German retail chain (AFP)

AFP - The future of Germany’s Karstadt, Europe’s third-largest department store chain, appeared to be secured Friday as a court approved its acquisition by a billionaire investor, safeguarding 25,000 jobs.

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Billionaire investor seals deal to buy German retail chain
(AFP)

Walgreen same-store sales miss expectations (Reuters)

Reuters - Walgreen Co posted weaker-than-expected August sales at stores open more than a year, hurt by generic drug introductions and a decrease in customer traffic.

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Walgreen same-store sales miss expectations
(Reuters)

Gazprom to double gas imports from Azerbaijan (AP)

AP - Russia’s Gazprom on Friday clinched a deal to double supplies from Azerbaijan in a bid to expand its control over gas produced by former Soviet republics.

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Gazprom to double gas imports from Azerbaijan
(AP)

Experts see trouble ahead for developed world (AP)

AP - Is the global economy out of the woods? Two years after near-meltdown, with the U.S. looking sluggish, equity markets groggy and Europeans fighting a debt crisis, experts gathered in Italy offered a generally gloomy outlook — especially for the United States and much of the industrialized world

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Experts see trouble ahead for developed world
(AP)

Campbell Soup sees Q4 profit rise (AP)

AP - The Campbell Soup Co. says it made a profit of $113 million, or 33 cents per share during the fourth quarter, when the temperature rises and its soup sales traditionally drop.

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Campbell Soup sees Q4 profit rise
(AP)

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