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Last updated 1:52AM ET
November 26, 2009
Business
Business
BHP denies Rio backsliding on iron ore tie-up (2009-11-26) BRISBANE (Reuters) - Global miner BHP Billiton dismissed talk on Thursday that rival Rio Tinto was baulking at a proposed $116 billion joint venture in iron ore, insisting the two were close to a binding agreement.
Fannie Mae to tighten lending standards: report (2009-11-26) WASHINGTON (Reuters) - Fannie Mae plans to raise minimum credit score requirements next month and limit the amount of overall debt that borrowers can carry relative to their incomes, The Washington Post reported on Thursday.
Dollar hits 14-year low vs yen, gold at new high (2009-11-25) HONG KONG (Reuters) - The dollar slumped to a 14-year low against the yen on Thursday, helping gold scale another record high, while Asian stocks faltered as investors digested a mixed batch of economic data.
Beal Bank makes play for Trump casinos (2009-11-25) NEW YORK (Reuters) - Beal Bank has made a restructuring proposal for bankrupt Trump Entertainment Resorts' Atlantic City casinos that would give it a 65 percent stake in the casinos company, the bank's attorney said on Wednesday.
BHP denies Rio back-sliding on iron ore JV (2009-11-25) BRISBANE (Reuters) - Global miner BHP Billiton dismissed talk on Thursday that its iron ore partner, Rio Tinto , was baulking at their proposed $116 billion joint venture and said they were close to a binding agreement.
Hershey Trust head's quandary: a kiss for Cadbury? (2009-11-25) HERSHEY, Pennsylvania (Reuters) - To LeRoy Zimmerman, the taste of chocolate will always mean Hershey's.
Dubai seeks debt delay, some units cut to junk (2009-11-25) DUBAI/NEW YORK (Reuters) - Dubai said on Wednesday two of its flagship firms planned to delay repayment on billions of dollars of debt as a first step toward restructuring Dubai World, the conglomerate that spearheaded the emirate's breakneck growth.
AIG, ex-CEO Greenberg reach pact to settle disputes (2009-11-25) NEW YORK (Reuters) - AIG and former chief executive Maurice "Hank" Greenberg have reached an agreement to bury a long-standing, bitter legal battle and the insurer will turn over materials for the former boss to use in writing a memoir, as well as photographs and a Persian carpet.