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• Wall Street advances as Oracle leads techs (Reuters)
• Fourth-quarter GDP growth revised up to 3.1 percent (Reuters)
• Fed's Lockhart sees "high bar" for QE3 (Reuters)
• Russia's Rosneft to push ahead with BP Arctic pact (Reuters)
• EU agrees crisis package, Portugal clouds summit (Reuters)
• FTSE 100 down 0.09 percent at open (AFP)
• China sees strong commodities, weak dollar in 2011 (Reuters)
• Oracle fiscal 3Q net income up 78 pct (AP)
• Portugal seeks new govt amid debt crisis (AP)
• Fannie report warned of foreclosure problems: report (Reuters)
• Oil drops near $105 on concern about Portugal (AP)
• Brent crude oil nears $116 (Reuters)
• Missouri senator flies coach after flap over airplane (Reuters)
• Special report: Can an Italian Elvis make Fiat-Chrysler dance? (Reuters)
• B-School Research Tackles the Big Questions (BusinessWeek)

Wall Street advances as Oracle leads techs (Reuters) Posted: 25 Mar 2011 07:43 AM PDT Reuters - Technology stocks led Wall Street higher on Friday after Oracle's upbeat outlook, putting all three major stock indexes on track to end the week in positive territory after two weeks of declines.

Fourth-quarter GDP growth revised up to 3.1 percent (Reuters) Posted: 25 Mar 2011 07:31 AM PDT Reuters - The economy grew more quickly than previously estimated in the fourth quarter as businesses restocked shelves to meet rising demand and maintained fairly solid spending.

Fed's Lockhart sees "high bar" for QE3 (Reuters) Posted: 25 Mar 2011 08:16 AM PDT Reuters - The U.S. economic recovery is on solid ground, making it unlikely the Federal Reserve will extend its bond-buying stimulus program, Atlanta Federal Reserve Bank President Dennis Lockhart said on Friday.

Russia's Rosneft to push ahead with BP Arctic pact (Reuters) Posted: 25 Mar 2011 06:09 AM PDT Reuters - Russia's Rosneft vowed to push ahead with a strategic alliance with BP, despite a block on the deal by the British oil company's partners in joint venture TNK-BP.

EU agrees crisis package, Portugal clouds summit (Reuters) Posted: 25 Mar 2011 08:14 AM PDT Reuters - European leaders agreed a new package of anti-crisis measures at a two-day summit, but were forced to delay increasing their rescue fund and acknowledged they faced new threats from a government collapse in Portugal.

FTSE 100 down 0.09 percent at open (AFP) Posted: 24 Mar 2011 02:21 AM PDT AFP - Stock markets fell slightly at the start of trading on Thursday, with London's benchmark FTSE 100 index down 0.09 percent to 5,790.87 points.

China sees strong commodities, weak dollar in 2011 (Reuters) Posted: 25 Mar 2011 02:10 AM PDT Reuters - Loose monetary policies in developed economies will place more upward pressure on global commodity prices and weigh on the dollar this year, the Chinese central bank said on Friday.

Oracle fiscal 3Q net income up 78 pct (AP) Posted: 24 Mar 2011 04:04 PM PDT AP - Database software maker Oracle Corp. said Thursday its net income rose 78 percent in the fiscal third quarter, helped by a rise in new software license sales and the benefit of three full months of revenue from Sun Microsystems, a company it acquired last year.

Portugal seeks new govt amid debt crisis (AP) Posted: 25 Mar 2011 09:10 AM PDT AP - Portugal's president sought to broker a deal between rival parties Friday to give the debt-stressed country a new government as it is engulfed by a financial crisis and edges toward an unwanted bailout.

Fannie report warned of foreclosure problems: report (Reuters) Posted: 24 Mar 2011 06:42 PM PDT Reuters - Fannie Mae was warned in a 2006 internal report of abuses in the way lenders and their law firms handled foreclosures, The Wall Street Journal reported on Thursday.

Oil drops near $105 on concern about Portugal (AP) Posted: 25 Mar 2011 07:23 AM PDT AP - Oil prices are lower as a financial crisis in Portugal raises concerns about energy demand in Europe and helps boost the dollar.

Brent crude oil nears $116 (Reuters) Posted: 25 Mar 2011 07:34 AM PDT Reuters - Oil steadied on Friday, with Brent crude close to $116, but analysts saw the risk of higher prices as unrest bubbled across the Middle East and western powers kept up a military campaign in Libya.

Missouri senator flies coach after flap over airplane (Reuters) Posted: 25 Mar 2011 07:31 AM PDT Reuters - Missouri Democratic Senator Claire McCaskill was flying coach on a commercial flight to St. Louis on Thursday after days of battering from Republicans over her failure to pay taxes on a private airplane she owns.

Special report: Can an Italian Elvis make Fiat-Chrysler dance? (Reuters) Posted: 25 Mar 2011 06:49 AM PDT Reuters - The doors of the Geneva Motor Show have just slid open and immediately throngs of reporters and camera crews scramble to reach Fiat's stand. The Italian carmaker is unveiling the Freemont, one of its first models to borrow from the Chrysler playbook since it took a stake in the Detroit auto giant after its 2009 bankruptcy.

B-School Research Tackles the Big Questions (BusinessWeek) Posted: 25 Mar 2011 05:08 AM PDT BusinessWeek - It's easily forgotten, but business school professors do more than teach. A main responsibility -- and a prime dimension in which they're judged by tenure committees -- is "knowledge creation," or research. Each year the faculties of top B-schools publish hundreds of papers in academic journals that push the boundaries of what is known. They range from the obscure to the wonky to the accessible. What follows is a roundup of a few recent noteworthy papers.

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