Finance news

Indonesia’s inflation held near the fastest pace since May 2009 amid rising commodity and food prices, putting pressure on the central bank to raise interest rates this year.
The consumer price index rose 3.81 percent in February from a year earlier, the central statistics agency said in Jakarta today. That compares with the 3.97 […]

Filed under: technology by Finance Boss
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WASHINGTON — If the Democratic Party has an stronghold on Wall Street, it is JPMorgan Chase.
Its chief executive, Jamie Dimon, is a friend of President Barack Obama’s from Chicago, a frequent White House guest and a big Democratic donor. Its vice chairman, William M. Daley, a former Clinton administration Cabinet official and […]

Filed under: money by Finance Boss
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St. Louis-based HOK architects provided the design, planning, structural engineering and interior design work on the new 254-bed Saint Joseph Regional Medical Center in Mishawaka, Ind.
The $224 million project includes a two-story diagnostic and treatment center with a six-story tower that has an emergency department, imaging center, diagnostics and 16 operating rooms. Inpatient […]

Filed under: economics by Finance Boss
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The much-loved “cheap-chic” discount chain, Target Corp., referred to by fans as "Tar-Jay," says it has Canada in its sights as part of a future international expansion plan.
Like many U.S. retailers, Target is mulling a move outside its home market after sales and profits took a nosedive in the past year.
The announcement comes years after […]

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Cities and counties in California are losing millions of dollars in sales tax receipts due to slower retail sales, compared with last year.
In the most recent data available from the state Board of Equalization, jurisdictions around the state got $244 million in October, 14.5 percent less than they got in October 2008 as their share […]

Filed under: economics by Finance Boss
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Top executives at Goldman Sachs will not be paid cash bonuses this year, the company said Thursday.
In the face of public outrage over Wall Street bonuses, the company said that its 30-member management committee will receive restricted company stock instead.
Goldman Sachs’ (GS, Fortune 500) bonus pool is currently on track to hit $21 billion […]

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LONDON–Britain’s Treasury chief said Sunday that the government must make difficult choices on spending cuts as it seeks to slash the country’s growing deficit.
Chancellor of the Exchequer Alistair Darling is expected to announce tax hikes and public-sector spending cuts in a pre-budget review on Wednesday.
The government has said it wants to halve […]

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His neck turns red. His cheeks become flushed. Frank Stronach is close to erupting again in another row over one of his ideas.
The physical changes are cues for anyone else to leave the room. Come back later. Fight another day. Perhaps.
The entrepreneurial atmosphere can get hot and heavy behind closed doors at the elegant headquarters […]

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The U.S. manufacturing sector grew for the fourth straight month in November, though at a slower pace, and questions remain about the staying power of the incipient economic recovery.
Signs the housing market was bouncing back in October were also tempered by a flat reading for construction spending for that month in other data reported […]

Filed under: business by Finance Boss
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Gold prices hit record highs above $1,180 an ounce in Europe on Wednesday, boosted by the euro’s move through $1.50 against the dollar and by a report that India may consider buying more bullion from the IMF.
U.S. gold futures for December delivery on the COMEX division of the New York Mercantile Exchange rose $21.20 […]

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