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Nikkei climbs to 2-mth high as financials surge 27 Apr 08, 22:45 ET Reuters - Japan's Nikkei stock average rose 0.75 percent to a two-month high on Monday, with Mitsubishi UFJ Financial Group (8306.T) and other banks surging on growing confidence that the worst of the credit crunch may well be over. Japanese government bond (JGB) futures extended losses and investors began to shift those funds back into stocks, market players said, while exporters such as Honda Motor Co Ltd (7267.T) rose as the dollar advanced. more Continental not merging with UAL 27 Apr 08, 19:59 ET Reuters - Continental Airlines Inc has called off talks with United Airlines because of the other carrier's weak financial condition, and "the increasing cost of oil increases the risk of doing an airline merger," a source briefed on the matter said on Sunday. more Unilever, Procter and Gamble in British consumer watchdog probe: report 27 Apr 08, 19:55 ET AFP - Two giant household products firms were contacted by Britain's consumer watchdog over a probe that also includes four of the country's biggest supermarket chains, the Financial Times said Monday. more Continental Airlines tells employees it won't seek merger 27 Apr 08, 19:06 ET AP - Continental Airlines Inc. said Sunday it would not pursue a combination with another carrier right away, a surprising move after weeks of growing speculation that it would join with United Airlines to create the world's biggest airline. more Oil strikes new record near $120 on supply fears 27 Apr 08, 19:05 ET Reuters - Oil struck a record high at $119.93 a barrel on Monday, extending the previous session's rally, as a strike closed a major British oil pipeline and as fresh violence in Nigeria reignited supply fears. more Food crisis: UN to reveal battle plan 27 Apr 08, 17:21 ET AFP - United Nations Secretary General Ban Ki-moon was set Monday to lead a concerted effort by 27 key UN agencies to tackle the growing crisis caused by a worldwide sharp rise in basic foodstuff prices. more Buffett, Munger will again field shareholders' questions 27 Apr 08, 17:01 ET AP - The wisdom of billionaires Warren Buffett and Charlie Munger will be on display again next weekend when the two men field questions from a throng of Berkshire Hathaway Inc. shareholders. more DC to launch nation's first European-style bike share 27 Apr 08, 16:20 ET AP - More Washingtonians could be pedaling to meetings on Capitol Hill and other appointments when the city launches the nation's first European-style bike-sharing service next month. more United in merger spotlight with US Air, Continental 27 Apr 08, 16:15 ET Reuters - United Airlines seems to be the prime mover in the next industry merger, and a decision could come soon as carriers are forced to consolidate for survival. more Britain's rich get richer 27 Apr 08, 15:58 ET AP - The collective wealth of Britain's 1,000 richest people went up by nearly 15 percent last year, and more than half the country's 75 billionaires are foreign-born, according to a list published by the Sunday Times newspaper. more Wall Street looks for cues from Federal Reserve meeting 27 Apr 08, 14:33 ET AP - What a difference six weeks makes. Right before the last Federal Reserve meeting, investors were worried about the global banking system imploding. Now, investors are betting the credit markets are on the mend and Wall Street is looking forward to an economic recovery. more Fed to hold public hearings on BofA-Countrywide deal 27 Apr 08, 14:30 ET AP - Consumer advocates nervous about Bank of America Corp.'s proposed takeover of troubled mortgage lender Countrywide Financial Corp. are pressuring the bank to provide assurances that Countrywide borrowers facing foreclosure won't lose their homes. more Summer employers brace for shortage of foreign workers 27 Apr 08, 14:28 ET AP - Breakfast will not be served this summer at Cape Cod's Crown & Anchor. The Provincetown resort and entertainment complex usually hires 10 to 12 people from Jamaica and Eastern Europe each summer as cooks, housekeepers and maintenance workers. But new visa restrictions mean the guest workers it used last year aren't expected back. With fewer workers, the resort's management realized it wouldn't have the manpower to serve three meals a day. more Eos Airlines files bankruptcy 27 Apr 08, 14:10 ET Reuters - Eos Airlines, which offers business class flights between New York and London, said it has filed for Chapter 11 bankruptcy protection, becoming the latest carrier to fail in the face of record fuel prices and a softening economy. more Rate uncertainty hangs over U.S. stocks 27 Apr 08, 11:56 ET Reuters - The stock market will likely start the week on a hesitant note with Wall Street facing the first Federal Reserve interest-rate decision in many months not knowing that a cut is likely guaranteed. more Fed likely to cut U.S. rates, could signal pause 27 Apr 08, 11:33 ET Reuters - The U.S. Federal Reserve is expected to put an exclamation point on its string of interest- rate cuts with a small reduction this week and may signal that its rate-cutting cycle is done for now. more Oil giant BP closing a pipeline system due to labor strife 27 Apr 08, 04:30 ET AP - Oil giant BP PLC on Sunday was closing a pipeline system responsible for delivering almost a third of Britain's North Sea oil production. more Noble founder Elman turns scrap into gold 27 Apr 08, 03:57 ET Reuters - In an office full of modern Chinese paintings overlooking Hong Kong's Victoria Harbour, Richard Elman, founder and head of Asia's largest commodities supplier Noble Group, says he has been lucky. more Australia says no block to China resource investment 27 Apr 08, 02:17 ET Reuters - Australia said on Sunday no Chinese companies have been told to withdraw applications to buy into Australian resource firms, despite media reports Canberra was pressuring China to back away from such investment. more N.Y.-based business class airline Eos to cease operations 27 Apr 08, 01:50 ET AP - Eos Airlines has filed for Chapter 11 bankruptcy and will cease operations by Monday, it said Sunday. more

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