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Monday, March 29, 2010 12:00 AM PDT

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Today's Business News: Geely to buy Volvo from Ford for $1.8 billion Asian stock markets mostly higher Oil above $80 as traders look to US jobs data Verdict due after China trial of Rio Tinto workers JP Morgan payoff in WaMu case faces FDIC hurdle: report China making anime push as Japan hits slump China says stock futures trading to begin April 16 UH study predicts slow economic recovery for state Kuwait's Jazeera budget airline posts a loss in 2009 Spain wants women's equality to be part of EU economic strategy Obama: Loan changes overcome 'politics of moment' WTO boss warns EU to sharpen its G20 voice Shell sells New Zealand retail, refining interests End of Home-Buyer Programs May Delay Housing Recovery Sinopec gets upstream foothold with $2.5 billion deal China's Geely seals Volvo Cars takeover Three Top B-Schools Look for New Deans Geely to buy Volvo from Ford for $1.8 billion Sun, 28 Mar 2010 10:03 pm PDT AP - Zhejiang Geely Holding Group signed a binding deal Sunday to buy Ford Motor Co.'s Volvo Cars unit for $1.8 billion, representing a coup for the independent Chinese automaker which is aiming to expand in Europe. Full Story Top Asian stock markets mostly higher Sun, 28 Mar 2010 10:05 pm PDT AP - Asian stock markets were mostly higher Monday as stronger earnings from Chinese companies and a deal to provide Greece a financial safety net helped buoy sentiment. Full Story Top Oil above $80 as traders look to US jobs data Sun, 28 Mar 2010 09:52 pm PDT AP - Oil prices rose above $80 a barrel Monday in Asia as investors look to a key U.S. jobs report later this week for clues about the outlook for consumer spending. Full Story Top Verdict due after China trial of Rio Tinto workers Sun, 28 Mar 2010 05:50 pm PDT AP - A Shanghai court is due to rule Monday on bribery and commercial secrets charges against four employees of mining giant Rio Tinto — a case seen as a barometer of China's treatment of foreign business in a time of rising trade friction. Full Story Top JP Morgan payoff in WaMu case faces FDIC hurdle: report Sun, 28 Mar 2010 07:47 pm PDT Reuters - The Federal Deposit Insurance Corp is not yet on board with Washington Mutual Inc's (WAMUQ.PK) bankruptcy reorganization plan, including a massive tax refund to JPMorgan Chase & Co (JPM.N), according to the company and a Wall Street Journal report. Full Story Top China making anime push as Japan hits slump Sun, 28 Mar 2010 05:31 pm PDT AP - Yoko Komazawa had been at the Tokyo International Anime Fair for nearly six hours when she fell in love with a brown-and-white stuffed panda — a character in one of the fair's featured cartoons. Full Story Top China says stock futures trading to begin April 16 Fri, 26 Mar 2010 04:15 am PDT AP - China will launch trading of stock futures on April 16, regulators said Friday, in a move that could help boost stock prices and increase the role of China's securities markets in financing economic development. Full Story Top UH study predicts slow economic recovery for state Fri, 26 Mar 2010 03:53 pm PDT AP - A University of Hawaii study released Friday found signs of economic recovery for the state but also determined that the pace will be slow. Full Story Top Kuwait's Jazeera budget airline posts a loss in 2009 Sun, 28 Mar 2010 11:46 am PDT AFP - Kuwait's private low-cost Jazeera Airways said on Sunday it posted a loss of 28.5 million dollars in 2009 compared with a net profit of 15.6 million dollars the previous year. Full Story Top Spain wants women's equality to be part of EU economic strategy Sun, 28 Mar 2010 01:28 pm PDT AFP - Spanish Prime Minister Jose Luis Rodriguez Zapatero said Sunday that women's equality should be a part of the European Union's new 10-year plan to make the bloc's economy more competitive. Full Story Top Obama: Loan changes overcome 'politics of moment' Sat, 27 Mar 2010 05:04 pm PDT AP - Big changes in the student loan program will help make college more affordable for students and their debt load more manageable after graduation, President Barack Obama says. Full Story Top WTO boss warns EU to sharpen its G20 voice Sun, 28 Mar 2010 01:06 pm PDT AFP - WTO chief Pascal Lamy on Sunday told EU participants to sort out first who will argue for what at June's G20 summit in Toronto, otherwise "nobody" will listen. Full Story Top Shell sells New Zealand retail, refining interests Sun, 28 Mar 2010 07:42 pm PDT AFP - Infrastructure investor Infratil said Monday it had joined with the NZ Superannuation Fund to buy oil giant Shell's New Zealand distribution and retail operations, along with a refinery stake. Full Story Top End of Home-Buyer Programs May Delay Housing Recovery Sun, 28 Mar 2010 10:05 pm PDT Time.com - Big federal programs to help the housing market are soon to end, and a rush of foreclosures may be about to begin. The bottom line, analysts say, is a sideways movement for sales and prices, with a risk that things could get worse Full Story Top Sinopec gets upstream foothold with $2.5 billion deal Sun, 28 Mar 2010 07:11 am PDT Reuters - Sinopec (0386.HK), Asia's top oil refiner, will buy a stake in upstream assets in Angola for $2.46 billion and said it wanted more such deals, which could shield it from high oil prices that hit margins in the fourth quarter. Full Story Top China's Geely seals Volvo Cars takeover Sun, 28 Mar 2010 09:25 am PDT AFP - Chinese carmaker Zhejiang Geely Holding sealed a 1.8-billion-dollar deal on Sunday to buy Volvo Cars as the Chinese company unleashed its global ambitions with what it called a Swedish "tiger". Full Story Top Three Top B-Schools Look for New Deans Fri, 26 Mar 2010 05:08 am PDT BusinessWeek - (Corrects date of Snyder's departure and clarifies that the school's 150% endowment growth under Snyder does not include a $300 million gift from alumnus David Booth.) Full Story Top

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