CNOOC to pay $3.1bn for Argentine stake

Chinese oil explorer to pay $3.21bn for 50% stake in Argentina’s Bridas Group in its first foray into Latin America

Automakers’ competition fierce for law-enforcement fleets

A four-way race is on to build the replacement of choice for what accounts for more than 70% of police cars.

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Marketers make most of social media for NCAA promotions

Some of the nation’s savviest marketers are turning the NCAAA tournament into something more akin to an online hoops party.

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China warns of double-dip recession

China’s premier Wen Jiabao says the world could still fall into a double-dip recession and is warning against complacency.

Shanghai’s new-look airport ahead of World Expo

SHANGHAI (AFP) – Shanghai this week will unveil a brand-new airport terminal — the latest mega-infrastructure project to be completed as the Chinese city prepares to welcome tens of millions of visitors to Expo 2010.

Regulators shut 3 more banks for a total of 30 failures this year

Regulators on Friday shut down banks in New York, Florida and Louisiana, raising to 30 the number of failures this year of federally …

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Official report says Lehman Bros. used ‘misleading’ accounting tricks

A 2,200-page report by a court-appointed examiner says executives of Lehman Brothers manipulated the now-defunct company’s balance …

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EU ready to assist Greece

The EU has developed a set of options to help Greece overcome its financial crisis, which has unsettled the euro currency and markets globally, officials say.

MGM Mirage to drop Atlantic City casino

HONG KONG (AFP) – MGM Mirage has confirmed it will unload its stake in a US casino resort to settle a fight with US gaming regulators over the company’s Macau business partner.

Lehman file rocks Wall Street

A one-year probe into the collapse of Lehman Brothers found ‘credible evidence’ that top executives, including the former chief Dick Fuld, approved misleading financial statements and used an ‘accounting gimmick’ to flatter results