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# Bank is facing huge losses , from bid-rigging, bribes, poor quality of goods and services and other problems in lending operations to poor countries.
# Former Bank President Paul Wolfowitz�s disgraceful ouster has marred the institution�s...
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AP, Fairfield
General Electric Co. has announced a reorganization, saying the move will simplify the conglomerate and spur growth and efficiency.
made popular 39 min ago
AP, Washington
After weeks of one negative report after another, the economy finally got some news Friday that wasn’t half bad.
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THE LATEST: A jump in military spending helped boost new orders for big-ticket durable goods by a surprisingly strong 0.8 percent in June while new home sales dropped...
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AP, New York
Precious metals rose Friday as a fresh drop in the dollar and speculation that crude oil’s plunge may soon end fed safe-haven buying of gold, silver and copper.
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AP, Los Angeles
The maker of Bratz dolls said Friday he will seek a mistrial over an ethnic slur made by a juror who has been dismissed from the copyright infringement case brought by...
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AP, Detroit
Chrysler LLC said Friday its financial arm will get out of the auto leasing business by the end of the month because economic conditions have made leasing more...
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AP, New York
Whether or not any bubble has burst, Americans now live in an economy where the prospect of a gallon of gas for less than $4 is cause for relief.
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Stop right there. Put your money away. A lot of people are after your cash, and you, quite understand_ably, would like to hold on to as much of it as you can. It...
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AP, Sacramento
California is joining the health crusade against artery-clogging trans fats.
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AP,
Sick of filling up the tank for sixty bucks? Considering a place near work downtown and tossing the car keys? Prepare to pay higher rents as more like-minded apartment...
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AP, New York
Wall Street has closed out the week with a moderate gain after better than expected economic data placated a market pummeled a day earlier by concerns about housing and...
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AP, New York
Stocks turned mixed Friday after better than expected economic data lifted some sectors but didn’t alleviate Wall Street’s concerns about the financial...
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AP, Rome
Italian prosecutors have ended their investigation of four Google Inc. executives over a video uploaded onto Google’s Italian site that showed a disabled youth...
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AP, St. Louis
Arch Coal Inc. said Friday its second-quarter profit tripled on soaring global prices and the company boosted its outlook after beating Wall Street expectations...
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AP, Detroit
Chrysler LLC has told dealers that the automaker’s financial arm plans to get out of the auto leasing business before the end of the year.
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AP, New York
Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:
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AP, New York
AOL is shutting three data-storage services, including one of the Internet’s earliest photo-sharing sites, as it seeks to cut costs and focus resources on its...
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AP, New York
Treasury prices retreated Friday after several upbeat reports that indicated the economy might be doing better than expected, leading investors to shift money out of...
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AP, Chicago
Consumer spending is down and gas prices are up. That’s bad math for the scores of destination retailers across the country that want customers to fill up the...
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AP, New York
Nokia Corp., Motorola Inc. and other handset makers rose along with the broader market Friday following Samsung Electronics’ report that its mobile phone sales...
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The world has not gotten quite over what happened at the World Bank recently, and to make things even more interesting, it seems that IMF is also on the verge of...
made popular Jun 29 2007
Robert Zoellick, U.S. nominee for president at the World Bank, has reaffirmed that Africa continues to be the topmost priority for World Bank. In his first interview...
made popular Jun 11 2007
A senior U.S. official, speaking on conditions of anonymity, said yesterday that Robert Zoellick, a former U.S. Trade Representative, has been chosen to succeed Paul...
made popular May 30 2007
Paul Wolfowitz, the departing president of World Bank, on Monday, once again refused to take the blame for his exit from the Bank. In an interview to the British...
made popular May 29 2007
President George W. Bush has confirmed what many had expected. On Monday, in an interview with Reuters, he said that he would like to see an American at the helm of the...
made popular May 22 2007
Will Tony Blair be the next president of the World Bank? If we believe on the report coming in media, Tony Blair’s name has emerged as the main contender for the post...
made popular May 19 2007
Paul Wolfowitz finally succumbed to the mounting pressure and resigned from the World Bank on Thursday. This brings down the curtain on a protracted battle over his...
made popular May 18 2007
The ongoing leadership crisis at the World Bank is heading for a speedy conclusion. Beleaguered World Bank President, Paul Wolfowitz, is negotiating an agreement to...
made popular May 17 2007
The ad hoc World Bank panel has criticized Wolfowitz for violating the “Code of Conduct and Staff Rules,” and has rejected the arguments that he had earlier submitted...
made popular May 15 2007
Embattled World Bank president Paul Wolfowitz has been given until Friday to present his defense to an ethics inquiry being conducted by the bank’s board. Barry Wood...
made popular May 11 2007
Despite vehement protests by Paul Wolfowitz that he has not been not given enough time to counter accusations that he broke ethic rules, World Bank’s panel pressed...
made popular May 9 2007
Before proceeding with the details I would like to tell you that never in the last six decades World Bank has fired its president but all this is expected to change...
made popular May 7 2007
World bank President Paul Wolfowitz launched an attack on his detractors yesterday and claimed that he was a victim of a “smear campaign.” Appearing before a panel of...
made popular May 1 2007
The hullabaloo surrounding Paul Wolfowitz, President World Bank, accused of orchestrating out of the way $60,000 pay raise for his girlfriend has raised questions...
made popular Apr 24 2007
The World Bank’s board on Friday deferred a final decision on the fate of bank president Paul Wolfowitz, whose role is under scrutiny after the accusations of...
made popular Apr 21 2007
Paul D. Wolfowitz’s efforts to continue as president of the World Bank received a severe setback on Sunday when a group of two dozen of the world’s finance...
made popular Apr 16 2007
The board of the World Bank has met to decide the fate of the organisation’s president, Paul Wolfowitz. Wolfowitz has confronted demand for his resignation over...
made popular Apr 13 2007
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Africa Asia Business controversy Europe Henry Paulson IMF Kevin Kellems Politics & Society President Bush Resignation Robert Zoellick Robin Cleveland Shaha Riza Tony Blair Tony Snow U.S.A WB Panel WB’s Panel World Bank 