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The Wire

School bus manufacturer to recall small buses

A New York-based school bus manufacturer has agreed to recall nearly 6,000 small school buses after the government alleged that the company tried to shift responsibility for the recalls by changing its name.

MoneyGram and Duane Reade renew agreement

Money transfer service MoneyGram International on Monday said it renewed an agreement with New York-based drugstore chain Duane Reade.

Founder of Warburg Pincus dies

Lionel Pincus, founder and chairman of New York-based private equity firm Warburg Pincus, has died, according to a spokesman for his longtime partner, Princess Firyal of Jordan. He was 78.

Report: Citigroup plans to pare US stake

Citigroup is considering a plan in which the Treasury Department would sell part of its holdings in the bank, while the New York-based company would issue new shares to the public as part of a multibillion-dollar stock offering, The Wall Street Journal said, citing people familiar with the matter.

Report: Cerberus investors choose to leave funds

The Wall Street Journal reports that investors in the main hedge funds of New York-based private equity firm Cerberus Capital Management LP want out and are asking for the return of more than $5.5 billion, or about 71 percent of fund assets.

Fidel Castro marks 83rd birthday with essay

The founder of a New York-based church group that opposes the U.S. embargo of Cuba said Thursday that former Cuban President Fidel Castro looked strong and animated during a July 31 meeting.

Chanel sues in Las Vegas, alleging counterfeiting

New York-based luxury goods designer Chanel Inc. is suing a Las Vegas company, claiming it is selling counterfeit goods.

Creditors to vote on Vick bankruptcy plan

Though a judge ruled that Michael Vick's bankruptcy plan can be sent to creditors to vote on, it remains unclear how the out-of-work quarterback will get the income to pay them.

Citi exec's pay package may spark gov't showdown

The hefty 2009 pay package of Andrew J. Hall, leader of Citigroup Inc.'s lucrative Phibro energy trading unit, may spark a showdown between the New York-based bank and government pay czar Kenneth Feinberg.

Bankrate to be taken private in deal with Apax

Bankrate Inc. said Wednesday it had agreed to be acquired by New York-based private equity firm Apax Partners in a $571 million deal that will take the consumer-finance Web site operator private.

Back to big profits for Wall Street powerhouse

Goldman Sachs is emerging as the king of post-meltdown Wall Street.

Venezuela mulls takeover of local Pfizer plant

Venezuela's government may take temporary control of a shuttered medicine plant that belongs to Pfizer Inc., a top official said Friday, suggesting that the New York-based company should resume production.

Circuit City brand, Web site sold for $14M

Bankrupt Circuit City's brand, trademarks and e-commerce business were sold on Wednesday for $14 million to Systemax Inc., the same company that purchased electronics retailer CompUSA's intellectual property when it closed in 2008.

Marsh & McLennan settles price fixing claims

Connecticut's attorney general says New York-based insurance broker Marsh & McLennan will pay the state $2.4 million to settle claims of bid rigging, price fixing and receiving kickbacks.

MetLife says it will not seek US Treasury funds

MetLife Inc. will not participate in the Treasury Department's capital purchase program, the New York-based insurer said Monday.

Group finds 100,000 fewer online job ads posted

A New York-based nonprofit research group says 100,000 fewer job advertisements were posted online in March.

After 15 years, Kurt Cobain’s light still shines

The roots of grunge are varied and tangled, and they formed primarily in Seattle. But the emergence of Nirvana, and the stardom that came to singer-songwriter Kurt Cobain, happened in part via an assist from the New York-based post-punk band Sonic Youth.

Government measures to help AIG, at a glance

On Monday the government provided additional support to American International Group Inc., the battered insurance company. AIG also posted a $61.7 billion quarterly loss, the worst in U.S. history. The following is a timeline of the government's support for the New York-based company.

Correction: Satellite Collision story

In a Feb. 11 story about the collision of two satellites, The Associated Press erroneously reported that Iridium Holdings LLC is owned by the New York-based investment firm Greenhill & Co. through a subsidiary, GHL Acquisition Corp. Privately held Iridium has agreed to be acquired by GHL, but the deal has not yet closed.

Meltdown 101: AIG, five months into its bailout

It's been five months since American International Group Inc. received its first massive cash bailout from the U.S. government, a move that put the New York-based insurer front and center in a financial crisis that was just starting to get ugly.

5Top: When are we? Period-set TV shows

Perhaps the first non-Western period TV show, “Happy Days” debuted in 1974. Coming on the heels of the excitement and 1950s nostalgia fueled by “American Graffiti,” which came out a year earlier and also starred Ron Howard, “Happy Days” was chock full of 1950s themes and styles, including the iconic Al’s Diner. Despite Season 5’s infamous “jumping the shark” moment — in which Fonzie jumped on water skis over a shark tank (the phrase is now used to signal the moment when a show surpasses its peak) — “Happy Days” enjoyed another six seasons, although its earlier years are the most memorable.

Report: 1 million fewer online job ads posted

A New York-based nonprofit research group says over 1 million fewer job advertisements have been posted online since November.

AIG sells Hartford Steam Boiler for $742 million

American International Group Inc. said Monday that it will sell its Hartford Steam Boiler unit to German reinsurer Munich Re for $742 million as the embattled New York-based insurer divests itself of units to pay back a U.S. government bailout loan.

AIG executives spent thousands during hunting trip

A handful of top executives from American International Group Inc. spent thousands of dollars during a recent English hunting trip, even as the New York-based insurer asked for an additional $37.8 billion loan from the Federal Reserve.

Iraqi journalist killed in Kirkuk

A Kurdish journalist was gunned down in the northern city of Kirkuk, Iraqi police said. A New York-based journalists' group said Saturday it was the 136th killing of a reporter since the U.S.-led invasion of Iraq five years ago.

The Vine
BBC NEWS | Africa | Nigeria is 'mired in corruption'
Source: BBC News

In a report, it says their behaviour resembles criminal activity more than democratic governance. Struggles for political office are waged violently by gangs of thugs recruited by politicians, it says.

Bush Authorized Multiple Spying Programs
Source: t r u t h o u t

The Bush administration's chief intelligence official said yesterday that President Bush authorized a series of secret surveillance activities under a single executive order in late 2001.

Monster.com to cut 800 jobs
Source: Bloomberg.com

i found some humor in this. the website that gets people jobs fires some of their own.

Vodafone and India's Vast Potential
Source: Business Week

A German executive living in Mumbai tells a story that helps explain why Britain's Vodafone may be willing to pay $13.5 billion to get control of an Indian mobile-phone company.

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