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Latest International Business News

• Wall St trim gains after ISM data

  03 Sep 2010

  NEW YORK (Reuters) - U.S. stocks trimmed gains on Friday after data showed the non-manufacturing sector grew at a slower pace than expected in August. ..More

• U.S. payrolls fall less than expected 54,000 in August

  03 Sep 2010

  WASHINGTON (Reuters) - U.S. employment fell for a third straight month in August, but the drop was far less than expected and private hiring surprised on the upside, easing pressure on the Federal Reserve to prop up economic growth. ..More

• Campbell Soup profit beats Street but sales light

  03 Sep 2010

  CHICAGO (Reuters) - Campbell Soup Co posted lower-than-expected quarterly sales and forecast sales growth for the new fiscal year would be below its long-term target as the world's largest soup company grapples with a weak economy. ..More

• Obama says to address new economic ideas next week

  03 Sep 2010

  WASHINGTON (Reuters) - President Barack Obama on Friday said he would address a package of new measures next week to boost U.S. growth and hiring as he greeted the August job report as positive news. ..More

• Walgreen same-store sales miss expectations

  03 Sep 2010

  CHICAGO (Reuters) - Walgreen Co posted weaker-than-expected August sales at stores open more than a year, hurt by generic drug introductions and a decrease in customer traffic. ..More

• China orders state firms to explore Potash bid

  03 Sep 2010

  HONG KONG/MELBOURNE (Reuters) - Chinese officials have ordered state-owned companies to meet with investment bankers to explore potential options to block BHP Billiton's $39 billion bid for Canada's Potash Corp, according to a source with direct knowledge of the matter. ..More

• Owners of a third of 3PAR back HP bid

  03 Sep 2010

  NEW YORK (Reuters) - Data storage provider 3PAR Inc said on Friday that shareholders owning about a third of its shares have agreed to accept Hewlett-Packard Co's proposal to buy the company for $2.4 billion. ..More

• Non-manufacturing sector slows in August: ISM

  03 Sep 2010

  NEW YORK (Reuters) - The U.S. non-manufacturing sector grew in August for an eighth straight month but at a slower pace than July and at a rate that was below expectations, according to an industry report released on Friday. ..More

• BP oil spill costs hit $8 billion as ends rig probe

  03 Sep 2010

  LONDON (Reuters) - BP Plc said the cost of dealing with its oil spill in the Gulf of Mexico had risen to $8 billion as the oil giant prepared to release the findings of an internal probe into the causes of the disaster. ..More

• Brazil oil firm Petrobras plans $65 billion stock sale

  03 Sep 2010

  RIO DE JANEIRO (Reuters) - Brazilian state oil company Petrobras will sell up to $64.5 billion in new stock -- one of the largest in capital markets history -- to raise funds for the world's biggest oil exploration investment plan. ..More

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