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Intl Business-Business-The Times of India
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News from India by India number one website
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Icahn to fight Yahoo to accept Microsoft bid
Financier Carl Icahn has criticised Yahoo for the breakdown in talks, saying he accumulated 59 mn shares and options in Yahoo and assembled a 10-member dissident board slate for election at Yahoo's annual meeting.
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Worst of financial crisis over: IMF chief
The worst of the financial sector crisis is over although the impact on the broader economy will likely drags on in coming months, IMF managing director Dominique Strauss-Kahn said.
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'No global recovery before '09'
IMF chief Dominique Strauss-Kahn said that while a "large part" of a global financial crisis was probably over, he did not foresee an end to the economic slowdown before next year.
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Vijay Bhatnagar appointed ArcelorMittal India CEO
Bhatnagar, who is also appointed as the Executive Vice President, will replace the current CEO Sanak Mishra.
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MySpace wins $230M spam judgment, believed to be largest ever
The popular online hangout MySpace has won a $230 million (euro148.65 million) judgment over junk messages sent to its members in what is believed to be the largest anti-spam award ever.
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Mittal is chairman of ArcelorMittal
L N Mittal and his family together own over 43% of the steel group , but is thinking of increasing his stakes.
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'US slowdown to hit Asia in mid-2008'
The global credit rating agency Moody's has said that Asia is expected to feel the heat of the credit crunch in the world's largest economy in the second or third quarter of this year.
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Asia decides to raise farm produce
Finance chiefs have called on the ADB to take an active role in stabilising surging food prices in a region that is home to two thirds of the world's poor.
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AIG raises $11.9 bn to bolster balance sheet
American International Group Inc the world's largest insurer, on Monday raised $11.9 billion to help strengthen its balance sheet, after suffering record losses in the past two quarters.
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Australian banks agree mega merger
Australia's fourth-largest bank Westpac and fifth-ranked St. George said Tuesday they had agreed to a proposed merger which would create the country's biggest bank.
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