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Business News News Archive - Political Yard
Kerkorian firm settles GM securities probe with SEC
Posted on Sep 04, 2008 - 12:38 pm
Reuters - Billionaire Kirk Kerkorian's Tracinda investment firm settled a regulator's allegations that it was misleading about its plan to cut its stake in General Motors Corp , the U.S. Securities and Exchange Commission said on Wednesday.
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KDB made Lehman offer; HSBC may trump Koreans: report
Posted on Sep 03, 2008 - 4:24 am - Reuters
Reuters - State-controlled Korea Development Bank (KDB) proposed buying 25 percent of Lehman Brothers for up to $5.3 billion, a newspaper reported, but other Korean banks rumored to be joining a KDB bid consortium denied they were involved.
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KDB sent offer to Lehman, Korean banks deny role
Posted on Sep 02, 2008 - 10:23 pm - Reuters
Reuters - State-controlled Korea Development Bank (KDB) proposed buying 25 percent of U.S. bank Lehman Brothers for up to $5.3 billion, a newspaper reported, but Korean banks rumored to be joining a bid consortium denied they were involved.
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KDB confirms Lehman talks; Korea bank shares fall
Posted on Sep 02, 2008 - 4:19 am - Reuters
Reuters - State-owned Korea Development Bank (KDB) confirmed on Tuesday it was in talks with Lehman Brothers over a possible joint investment in the U.S. bank with other Korean banks, sending local banking shares lower.
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KDB confirms talks with Lehman, Korea bank shares fall
Posted on Sep 02, 2008 - 2:18 am - Reuters
Reuters - State-owned Korea Development Bank (KDB) confirmed on Tuesday it was in talks with Lehman Brothers over a possible joint investment in the U.S. bank with other Korean banks, sending local banking shares lower.
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KDB confirms talks with Lehman on possible deal
Posted on Sep 01, 2008 - 11:17 pm - Reuters
Reuters - State-owned Korea Development Bank (KDB) confirmed on Tuesday that it was in talks with Lehman Brothers for a possible investment in the troubled U.S. bank, but other reports said the price of the deal remained an issue.
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Key developments on inflation
Posted on Jul 16, 2008 - 7:45 pm - AP
AP - Reports on inflation showed big price increases at the consumer level and the wholesale level for June, driven by higher energy and food costs.
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Kimmitt confident in economic fundamentals
Posted on Jul 04, 2008 - 8:44 am - Reuters
Reuters - Deputy U.S. Treasury Secretary Robert Kimmitt said on Friday he was confident about the United States' economic fundamentals in the long term despite a current rough patch and was quite optimistic about the future.
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Kimmitt confident in U.S. economic fundamentals
Posted on Jul 04, 2008 - 7:44 am - Reuters
Reuters - Deputy U.S. Treasury Secretary Robert Kimmitt said on Friday he was confident about the United States' economic fundamentals in the long term despite a current rough patch and was quite optimistic about the future.
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KB Home posts deeper loss
Posted on Jun 27, 2008 - 8:45 am - Reuters
Reuters - KB Home , the No. 5 U.S. home builder, posted a deeper quarterly loss on Friday on tumbling revenue as the United States faced its deepest housing slump in decades.
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Kodak shares jump on $1 billion buyback plan
Posted on Jun 24, 2008 - 10:23 am - Reuters
Reuters - Photography company Eastman Kodak Co said on Tuesday that it was awarded a $581 million tax refund and would repurchase up to $1 billion of its stock, driving its share price up nearly 17 percent.
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KDB ends talks with Goldman on Daewoo sale
Posted on May 18, 2008 - 1:25 am - Reuters
Reuters - A top shareholder in Daewoo Shipbuilding and Marine Engineering Co Ltd (042660.KS) said on Sunday it had withdrawn from talks to have Goldman Sachs manage the sale of the South Korean shipbuilder.
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Kerkorian boosts stake in Ford
Posted on Apr 28, 2008 - 9:28 am - Reuters
Reuters - Billionaire investor Kirk Kerkorian has taken aim at the No. 2 U.S. automaker, acquiring what could become a 5.6 percent stake in Ford Motor Co through his investment vehicle Tracinda Corp.
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Kerviel lawyer says has not sued SocGen
Posted on Apr 03, 2008 - 6:53 am - Reuters
Reuters - Jerome Kerviel, at the centre of a rogue trading scandal at French bank Societe Generale, has not launched any legal action against his past employer for now, a lawyer representing the former trader said.
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KPMG allowed fraud at New Century, report says
Posted on Mar 27, 2008 - 1:59 am - Reuters
Reuters - Auditor KPMG either initiated accounting fraud at New Century Financial Corp or stood idly by as the failed subprime mortgage lender committed fraud in 2005 and 2006, an independent report requested by the U.S. Department of Justice shows.
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Kia shareholders name new co-CEO, shares fall
Posted on Mar 21, 2008 - 12:24 am - Reuters
Reuters - Shareholders of Kia Motors Corp (000270.KS) approved on Friday the appointment of Kim Ik-whan as new co-CEO, replacing the son of the Hyundai Motor Group chairman, a move analysts say was the result of poor earnings.
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Kimmitt: Overseas investors should hold USTs
Posted on Mar 14, 2008 - 5:31 am - Reuters
Reuters - Deputy Treasury Secretary Robert Kimmitt dismissed on Friday fears about the weakness of the dollar, saying overseas investors would need to continue holding U.S. Treasuries.
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Kohl's sees online business growing this year
Posted on Mar 12, 2008 - 10:25 am - Reuters
Reuters - Retailer Kohl's Corp said on Wednesday that it expects increased online sales this year but added it was still behind major rivals in the volume of business it generates on the Internet.
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Kimmitt: U.S. economy to turn up in second quarter
Posted on Mar 11, 2008 - 4:18 am - Reuters
Reuters - The U.S. economy is going through a rough patch but, thanks to a government fiscal package worth some $150 billion, should start recovering as soon as the second quarter, a senior Treasury official said on Tuesday.
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