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) (AFX UK Focus) 2007-10-03 16:00 GMT: TFN NEWS BRIEFING: Banking and insurance highlights to 15:45 BST
2007-10-03 15:36:17 No near-term deterioration in US student loan securitization performance-Moody'sMUMBAI (Thomson Financial) - Moody's Investors Service said it does not foresee any near-term deterioration in the overall performance of US student loan securitizations following rising delinquencies and defaults in some 2006-vintage subprime mortgage pools.
2007-10-03 15:15:54 EU's Kroes to take decision on MasterCard interchange fees by end of the year
BRUSSELS (Thomson Financial) - EU competition commissioner Neelie Kroes said her competition services hope to complete an inquiry into MasterCard Inc and rule on the credit card group's interchange fee payments network by the end of the year.
2007-10-03 15:15:52 Democrats to unveil foreclosure plan
WASHINGTON (AP) - Top congressional Democrats will call Wednesday for the Bush Administration to appoint an adviser to coordinate the federal government's response to mounting foreclosures around the country. More>>
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) next stage world conflicts, wealth, war: global finance, trade, jobs, investment, politics
Are rising China, India going to collide with America? What is the next global finance, trade, jobs, outsourcing, technology, wealth, politics map? Get challenging ideas from 3 thinkers Andre Gunder Frank, George Zhibin Gu, Chalmers Johnson. declining America vs rising China and India: global crisis, leadership, finance, outsourcing, jobs, competition, politics, democracy, development: 4 provocative books that can change your mind in 2007 about the geo-politic and geo-economic dynamics going on Interviews by Jorge Nascimento Rodrigues, editor of Gurus online. tv George Zhibin Gu, author of two new books, "China's Global Reach" and "China and the New World Order" Chalmers Johnson, author of "The Sorrows of Empire" Andr� Gunder Frank, author of the forthcoming "ReOrient the Nineteenth Century" (a sequel of his 1998's "ReOrient") FIRST STORY A view from an insider George Zhibin Gu CHINA IS BECOMING A GLOBAL THEATER "A new power balance will emerge gradually and most likely indirectly" INTERVIEW First idea: "Today, most Chinese would prefer to be the one just following the leader. More>> - (
) Centennial Communications Completes Purchase of Islanet Communications; Company Also Signs Agreement to Buy Spectrum ...
Centennial Communications Corp. (NasdaqGS:CYCL - News) ("Centennial") today announced that it completed the purchase of Islanet Communications ("Islanet"), a provider of data and voice communications to business and residential customers in Puerto Rico. The transaction is expected to be modestly accretive to Centennial's free cash flow within the first year after closing.. More>>
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) (AFX UK Focus) 2007-10-03 06:36 GMT: Philippine shares close sharply higher; PLDT, Ayala set records - UPDATE
MANILA (Thomson Financial) - Philippine shares closed sharply higher for the third consecutive session Wednesday, powered by market heavyweights Philippine Long Distance Telephone Co (PLDT) and Ayala Corp, which reached record highs on attractive valuations.All sectors were higher, with property developers extending their rally on expectations that the central bank will announce its second interest rate cut this year after its policy-setting meeting Thursday.
At the close, the composite index was up 92.63 points or 2.5 percent at 3,769.82, off the day's peak of 3,783.45. It was the index's best finish since July 13, when it settled at 3,786.02. On that day the index hit a record 3,820.55.
The broader all-share index jumped 51.07 points or 2.2 percent to 2,346.38.
Gainers outnumbered decliners 95 to 34, while 39 stocks were steady. More>>
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) Local Advocates Mount Campaign Against School Consolidation
A grassroots movement to take back local control of schools is finding supporters across the state.
�I don�t feel what the Governor has mandated is in the best interest of our school, plain and simple,� said Bruce Hartford. Hartford, Chairman of the Nobleboro School Committee, spoke personally because the committee has not addressed the issue.
Working with the Maine Coalition to Save Schools, Hartford has taken on a role as the organization�s media contact person for Southern Maine. The group plans a petition drive calling for a referendum to repeal the state mandate to regionalize school units.
The MSCC was born Sept. 5 in Stonington, after the CSD-13 school committee adopted a resolution in support of a referendum to repeal the new school consolidation law. More>>