Waste Management Inc, the No.1 U.S. trash hauler, was expected to raise its unsolicited cash bid for rival Republic Services Inc by nearly 10% to $6.73 bln, the Wall Street Journal said on Monday, citing people familiar with the matter. Waste Management was expected to deliver a letter to Republic as soon as Monday, offering
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Labour and Social Insurance Minister Sotiroula Charalambous has stressed the need for unity and support for President Demetris Christofias in his efforts to find a negotiated settlement that will reunite Cyprus, divided since the 1974 Turkish invasion. In a speech on Sunday at Xilotimbou village of Larnaca district to mark the annual memorial service of
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Google Inc's 5% stake in Time Warner Inc's AOL unit may be worth less than the $1 bln the Web company paid for it in 2006, Google warned in a regulatory filing on Thursday. "We believe our investment in AOL may be impaired," Google said in its latest quarterly financial filing with the U.S. Securities
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Microsoft's Zune is looking to Hollywood to gain an edge on Apple's iPod. Microsoft executives have been making the rounds at talent agencies and production companies in recent months in hopes of licensing exclusive original video programming for the portable media player, which has struggled to gain traction in the marketplace. While Microsoft has denied
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Crude oil rose over a dollar and topped $116 a barrel on Monday, rebounding from the previous session's $5 decline on concern fighting between Russia and Georgia could disrupt energy exports from the Caspian region. But analysts said oil's gain was tempered by the rising U.S. dollar, which vaulted to a six-month high against a
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Five of North America's largest credit unions are reporting big paper losses on mortgage-related securities, a sign that housing-market distress is spreading even to the most risk-averse financial sectors, the Wall Street Journal (WSJ) said on Monday. According to federal regulatory filings, the five corporates showing big mortgage-related losses are U.S. Central Federal Credit Union,
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In the month since Apple Inc opened the App Store, an online software clearinghouse, users have downloaded more than 60 mln programs for the iPhone, Chief Executive Steve Jobs told The Wall Street Journal in an interview. Apple sold an average of $1 mln a day in applications for a total of about $30 mln
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U.S. delivery company United Parcel Service is in talks to buy Dutch rival TNT NV, a source familiar with the talks said. The person, who declined to be identified because the talks are private, said the discussions were in the early stages but could provide no further detail. The Sunday Telegraph first reported that UPS
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KEO Plc issued its first half 2008 results recording a net profit of EUR 29.55 mln compared to EUR 0.7mln in the same period a year ago, of which EUR 27.8mln were gains from the disposal of a plot of land in the Paphos district. Sales improved by 13.6% yoy to EUR 32.5mln, while higher
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Standard & Poor's Ratings Services said it had lowered its long-term sovereign credit ratings on the Government of Georgia to 'B' from 'B+' and placed the ratings on CreditWatch with negative implications, as the sovereign moves rapidly toward all-out war with Russia (foreign currency BBB+/Positive/A-2). The 'B' short-term ratings were also placed on CreditWatch with
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