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New Yahoo CEO gets $19 million in ’09 plus stock, bonus

Yahoo Inc's new Chief Executive Carol Bartz will receive a compensation package of about $19 million in 2009, in addition to a bonus and stock options, according to a regulatory filing on

16th January 2009
Business

Export refunds, intervention to help oversupply in EU dairy sector

An oversupply in the market has caused the recent slump in prices for milk and dairy products, and Agriculture Commissioner Mariann Fischer Boel has pledged to introduce new measures to support the

16th January 2009
Cyprus

Global credit quality continues to deteriorate – Moody’s

Global credit quality continued its negative trajectory during the fourth quarter of 2008, according to Moody's Investors Service. The upgrade-downgrade ratio was 0.07 during the fourth quarter and 0.24 for 2008 overall,

16th January 2009
Business

Cyprus wants to issue EUR 1 bln in bonds

The Cyprus government has covered 20% of its total 2009 financing needs during the first 15 days of the year after it raised a total of EUR 315 mln through two bond

16th January 2009
Cyprus

Cyprus annual inflation down to 1.8% in December 2008

Cyprus annual inflation was 1.8% in December 2008 , down from 3.1 in November 2008. According to a Eurostat news release issued here Thursday, said that Euro area annual inflation was 1.6%

16th January 2009
Cyprus

In U.S. recession, poverty strikes middle class

By Lucia Mutikani Chaun Frost ran up her credit cards in when the U.S. economy was booming, and now the single mother is paying a heavy price. To service her debt and

16th January 2009
Comment

Rescuing economy tops Obama’s 100-day agenda

By Caren Bohan A calm manner, rhetorical gifts and the promise of new ideas all contributed to Barack Obama's ascendancy to the U.S. presidency as Americans put their trust in him to

16th January 2009
Comment

Bank of America obtains U.S. aid for Merrill deal

Bank of America Corp will receive $20 billion in fresh government investments and a federal backstop against $118 billion of bad assets it holds to help it absorb Merrill Lynch & Co,

16th January 2009
Business

Stocks up, bonds down after US delivers bank aid

Asian stocks rose and government bonds fell on Friday, after Washington said it would support Bank of America's purchase of Merrill Lynch with cash and a promise to share losses, removing a

16th January 2009
Business

Ailing economy dominates Obama’s domestic agenda

No other item on Barack Obama's agenda for his first 100 days comes close in importance to putting the ailing economy back on a sound footing. With no time to spare, he

16th January 2009
Business
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Ukraine’s appeals and Europe’s growing financial burden

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