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• Comcast completes NBC Universal merger (Reuters)
• Bankers play contrite, offer olive branch at Forum (Reuters)
• Hedge funds appeal dismissed $2 billion suit vs Porsche (Reuters)
• Goldman CEO gets salary boost, $12.6 million shares (Reuters)
• Nasdaq index quotes resume after hour-long delay (Reuters)
• US growth hits highest level in five years (AFP)
• Ford stock falls after company misses expectations (AP)
• Public optimism but little progress on Doha deal (AP)
• Financial Crisis Inquiry Commission Places Blame on American Households (ContributorNetwork)
• Doha trade deal deadline fixed 'for July' (AFP)
• Paulson's $5 billion payout shocks, raises questions (Reuters)
• Calif. congresswoman: PG&E can't find key records (AP)
• 2 men get 4 years in prison for $240M tax scheme (AP)
• India Maruti's profit falls on rising costs (AFP)

Comcast completes NBC Universal merger (Reuters) Posted: 29 Jan 2011 08:50 AM PST Reuters - Comcast Corp has completed its takeover of NBC Universal, creating a $30 billion media behemoth that controls not just how television shows and movies are made but how they are delivered to people's homes.

Bankers play contrite, offer olive branch at Forum (Reuters) Posted: 29 Jan 2011 05:50 AM PST Reuters - Top bankers adopted a softer tone after high-level meetings at the World Economic Forum on Saturday, thanking governments for shoring up the financial system in the hope of avoiding tighter regulation.

Hedge funds appeal dismissed $2 billion suit vs Porsche (Reuters) Posted: 29 Jan 2011 08:23 AM PST Reuters - A group of hedge funds led by Elliott Associates and Black Diamond Offshore Ltd appealed the dismissal of their $2 billion lawsuit against German automaker Porsche SE.

Goldman CEO gets salary boost, $12.6 million shares (Reuters) Posted: 28 Jan 2011 05:31 PM PST Reuters - Goldman Sachs Group tripled Chief Executive Lloyd Blankfein's base salary and awarded him $12.6 million of stock, even after the bank's net income plunged last year.

Nasdaq index quotes resume after hour-long delay (Reuters) Posted: 28 Jan 2011 08:21 AM PST Reuters - Nasdaq quotations for its main stock indexes resumed after nearly a one-hour outage as the market opened on Friday.

US growth hits highest level in five years (AFP) Posted: 28 Jan 2011 01:00 PM PST AFP - The US economy grew at its fastest clip for five years in 2010, the Commerce Department reported Friday, as the country bounced back from recession and fears of a double-dip recession ebbed.

Ford stock falls after company misses expectations (AP) Posted: 28 Jan 2011 02:26 PM PST AP - Ford Motor Co. is the most profitable it's been in a decade, since the days when Americans were snapping up SUVs. But maintaining that momentum — and meeting the high expectations of buyers, workers and investors — will be a big challenge in the coming year.

Public optimism but little progress on Doha deal (AP) Posted: 29 Jan 2011 08:29 AM PST AP - Key global trade officials spoke of their optimism that a new deal to liberalize international commerce can be finalized, but offered little in the way of concrete progress Saturday to indicate they can reach agreement before the end of the year.

Financial Crisis Inquiry Commission Places Blame on American Households (ContributorNetwork) Posted: 28 Jan 2011 02:25 PM PST ContributorNetwork - American households got blasted by the Financial Crisis Inquiry Commission because they borrowed too much and saved too little. American households had created an environment of taking on too much risk by over-extending themselves. They did this by placing record debt on themselves and by overstating their income on mortgage applications.

Doha trade deal deadline fixed 'for July' (AFP) Posted: 29 Jan 2011 08:25 AM PST AFP - The European Union said trading nations agreed Saturday to conclude a long-stalled Doha world trade deal by July, but the top US negotiator insisted "no timeline was discussed."

Paulson's $5 billion payout shocks, raises questions (Reuters) Posted: 28 Jan 2011 05:15 PM PST Reuters - Billionaire hedge fund manager John Paulson, whose bet against the overheated housing market made him one of the world's wealthiest people, became a lot richer last year.

Calif. congresswoman: PG&E can't find key records (AP) Posted: 28 Jan 2011 05:00 PM PST AP - The utility responsible for a gas pipeline that blew up in a San Francisco suburb cannot find key records needed to set safe pressures for nearly a third of its largest transmission lines, a congresswoman said Friday.

2 men get 4 years in prison for $240M tax scheme (AP) Posted: 28 Jan 2011 05:39 PM PST AP - Two Seattle-area men were sentenced Friday to four years in prison for concocting a bogus tax shelter to help a Hollywood mogul, the owner of the New York Jets and other wealthy clients avoid paying $240 million in payments.

India Maruti's profit falls on rising costs (AFP) Posted: 29 Jan 2011 07:28 AM PST AFP - India's biggest carmaker by sales, Maruti Suzuki, on Saturday reported an 18 percent slide in quarterly net profit, hit by fast-rising raw material costs and bigger payments to its Japanese parent.

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