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AIG won't accept lower Prudential offer for AIA
(AP)
AP - U.S. insurer AIG said Tuesday it won't accept lower offer for its Asian insurance business from Prudential, which proposed a $5 billion cut to calm its rebellious shareholders.
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World markets fall amid China, Europe jitters
(AP)
 AP - World stocks fell Tuesday amid news China's manufacturing slowed in May and as investors fretted Europe's shaky government finances could undermine the global economic recovery.
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'Flotels' await oil spill cleanup workers on Gulf
(AP)
 AP - The 40-foot-long corrugated steel boxes, resembling oversized white shipping containers, are stacked two high and three wide atop a barge at Port Fourchon, the oil industry's hub on the Gulf of Mexico. The words "Martin Quarters" painted in black offer the only clue that they're not stuffed with cargo.
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China's shift away from cheap labor hard on all
(AP)
 AP - Global manufacturers struggling with life-or-death pressures to control costs are finding that the legions of low-wage Chinese workers they rely on have limits.
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ECB warns of more bank loan losses
(Reuters)
 Reuters - The European Central Bank warned on Monday that euro zone banks face up to 195 billion euros in a "second wave" of potential loan losses over the next 18 months due to the financial crisis, and disclosed it had increased purchases of euro zone government bonds.
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Oil falls to near $72 as stocks, euro fall
(AP)
 AP - Oil prices tumbled to near $72 a barrel Tuesday in Asia as weakness in global stocks and the euro dragged on appetite for crude.
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A look at global economic developments
(AP)
AP - A look at economic developments and activity in major stock markets around the world Friday:
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Debt-induced stress continues for many Americans
(AP)
 AP - The economy trudges ahead yet debt dogs many Americans, stressing them out even as they firm up their own financial foundations.
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Ryanair back in profit for full year
(AP)
AP - Budget airline Ryanair said Tuesday that it earned a full-year profit of euro305.3 million ($375.7 million), reversing a loss a year earlier when it took a massive write-off from its failed attempt to take over rival carrier Aer Lingus.
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| Yahoo! News: Business News Tue, 01 Jun 2010 08:49:37 GMT |
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