Business News
From Hamptons to Tahoe, Summer Home Sales Edge Up (BusinessWeek)
Thursday, May 20th, 2010BusinessWeek – In April, Texas billionaire Kelcy Warren bought a 3,500-acre trophy property, the Boot Jack Ranch near Pagosa Springs, Colo. The retreat has about 77,000 sq. ft. of living space, seven lakes, and miles of pastures. The sale, worth $46.5 million, was the biggest U.S. residential transaction so far this year. What sweetened the deal was the discount: Warren, who made a fortune in the pipeline business, got the property for 53 percent of the original asking price — $88 million, which had already been reduced last year to $68 million.
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Mercedes SLS AMG may cost you Rs 5-6 crore
Thursday, May 20th, 2010Mercedes SLS AMG may cost you Rs 5-6 crore
The price tag of the latest offering from Mercedes-Benz could go up several notches when import duty and other taxes are added.
What consumers look while buying a car
Engineering services market may touch $45 b
Thursday, May 20th, 2010Summary Box: Dell earnings up, gross margin falls (AP)
Thursday, May 20th, 2010AP – COMPUTER COMEBACK: Dell Inc.’s net income jumped 52 percent in the February-April quarter, and revenue rose 21 percent, a sign businesses are finally replacing aging PCs with new ones.
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Merkel calls for tough steps on regulation (AP)
Thursday, May 20th, 2010AP – German Chancellor Angela Merkel urged the world’s economic powers to send a “signal of strength” by agreeing to stronger global financial regulation, as markets sagged on doubts about whether European leaders have a handle on their continent’s debt crisis.
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Bullion Rates
Thursday, May 20th, 2010Syrupy oil washes into La. marshes for first time (AP)
Thursday, May 20th, 2010
AP – The spectacle many had feared for a month finally began unfolding as gooey, rust-colored oil washed into the marshes at the mouth of the Mississippi for the first time, stoking public anger and frustration with both BP and the government.
Dow off 376 on world economic worries
Thursday, May 20th, 2010Dow off 376 on world economic worries
The Dow Jones industrial average fell 376 pts, its biggest one-day point drop since February 2009.
Stocks: Gainers & losers
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Stick to your asset allocation plan
Goldman Sachs sees bigger role in Indian economy
Thursday, May 20th, 2010Goldman Sachs sees bigger role in Indian economy
In India, where Goldman Sachs has invested about $2 bn, Mr Blankfein sees the bank playing a more important role in the economy.
How EU rules will curb hedge funds
Leading indicators slip 0.1 percent in April (AP)
Thursday, May 20th, 2010AP – A private research group’s gauge of future U.S. economic activity unexpectedly slipped in April, the first decline in more than a year and a sign that growth could slow this summer, weighing on hiring.
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