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INTERNATIONAL BUSINESS NEWS ....................
Yahoo! chairman Roy Bostock announced Tuesday he was stepping down from the board of the struggling Internet company along with three other directors. ... more
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Australia's central bank left official interest rates steady at 4.25 percent Tuesday, saying global conditions had, on balance, improved and local growth and inflation were close to target. ... more
An Australian pilot is suing Virgin Australia after reportedly claiming he hurt his back carrying a heavy flight bag full of charts which he argues could have been left on the plane or stored on an iPad. ... more
An outbreak of iPhone fever made Apple the third hottest mobile phone maker worldwide at the end of 2011, according to the International Data Corporation (IDC). ... more
Qantas chief Alan Joyce on Monday warned the airline would be forced to slash services and expressed "grave fears" for its future if proposed laws strengthening its ties to Australia went ahead. ... more
London Heathrow Airport cancelled 30 percent of its flights Sunday to cope with heavy snowfall overnight and possible freezing fog at Europe's busiest passenger air hub. ... more
Greece on Sunday insisted on extending critical talks on a debt rescue into Monday, as the government's coalition backers denounced pressure from public creditors to pass harsher austerity measures. ... more
Australian banking giant Westpac yesterday confirmed it will axe up to 550 jobs in order to protect its big profits, with more cuts not ruled out as slowing global growth hits hard. ... more
News Corp. on Thursday named Lex Fenwick, a senior executive at the Bloomberg financial news service, to head Dow Jones, publisher of The Wall Street Journal. ... more
Mitt Romney holds a huge lead two days before Nevada's caucuses, a poll showed Thursday, as he looks to build on his Florida triumph and lock up the Republican presidential nomination. ... more
The economic data is mostly pointing in the right direction, but the weak economy has kept hopes in check for a big improvement in the government's labor report Friday. ... more
A key US Senate panel on Thursday adopted a sweeping package of tough new sanctions aimed at forcing Iran to freeze its suspect nuclear program amid escalating worries of a military confrontation. ... more
After a deep slump that soured many investors on tech stocks last year, Facebook is launching its IPO into a market that looks ready to greet the social networking giant with open arms. ... more
American Airlines said Wednesday it needed to cut costs by 20 percent to stay afloat, as it met with union representatives to detail a plan for layoffs that reports said would total 13,000 workers. ... more
Starbucks will make its eagerly awaited foray into India later this year, opening outlets under a deal announced Monday with Tata Global Beverages to tap into the country's fast-growing taste for coffee. ... more
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A Ferrari 330 GTO is exhibited as part of the Paris Retromobile classic car show. The fair takes place, and presents vintage cars and prestigious collectibles.@AFP ...
