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Thursday, April 1, 2010 12:01 AM PDT

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Today's Business News: Japanese start buying affordable electric cars Surveys: China manufacturing accelerated in March Asia stocks up after Japan, China economic reports Citigroup's Primerica IPO raises $320.4 million Borders Group 4Q profit doubles despite sales drop Oil falls to near $83 after reaching 17-month high European stock markets rise before quarter-end NYC mayor names board of directors for foundation Micron swings to profit in second quarter Moody's downgrades Greek banks, long slump feared Yum! Looking to Score Big in India Greenspan, ex-Citi CEO to answer to crisis panel Stage Stores adds retail industry veteran to board Freddie Mac easing lending rules on Fla. condos Recharging debate, Obama expands offshore drilling Toyota executive sees US March sales rising 40 pct Harvard Dean Search: 'Vision' a Must Japanese start buying affordable electric cars Wed, 31 Mar 2010 11:27 pm PDT AP - Japan's first mass-market electric car went on sale in showrooms Thursday as the futuristic technology becomes more affordable amid a burgeoning price war. Full Story Top Surveys: China manufacturing accelerated in March Wed, 31 Mar 2010 10:11 pm PDT AP - China's manufacturing accelerated in March as the dampening impact of winter weather and a long holiday the previous month eased and both exports and domestic sales recovered, two surveys showed Thursday. Full Story Top Asia stocks up after Japan, China economic reports Wed, 31 Mar 2010 09:58 pm PDT AP - Asian stock markets rose Thursday as signs of growing strength at powerhouse economies China and Japan brightened the outlook for the world recovery. Full Story Top Citigroup's Primerica IPO raises $320.4 million Wed, 31 Mar 2010 10:14 pm PDT AP - Citigroup says the initial public stock offering of its Primerica life insurance business has raised $320.4 million. Full Story Top Borders Group 4Q profit doubles despite sales drop Wed, 31 Mar 2010 05:32 pm PDT AP - Book seller Borders Group Inc.'s fourth-quarter profit rose sharply as it cut costs and enjoyed a tax benefit, even though its sales plunged. Full Story Top Oil falls to near $83 after reaching 17-month high Wed, 31 Mar 2010 11:47 pm PDT AP - Oil prices fell to near $83 a barrel Thursday in Asia after a weakening U.S. dollar helped crude surge to a 17-month high the previous day. Full Story Top European stock markets rise before quarter-end Wed, 31 Mar 2010 03:32 am PDT AFP - Europe's main equity markets rose slightly on Wednesday, the last day of the first quarter, as traders eyed the Easter holiday weekend and upcoming US jobs data. Full Story Top NYC mayor names board of directors for foundation Wed, 31 Mar 2010 12:28 pm PDT AP - New York City's billionaire mayor has tapped former Florida Gov. Jeb Bush, former U.S. Department of the Treasury Secretary Henry Paulson, Newark, N.J., Mayor Cory Booker and 16 others to serve on the board of his philanthropic foundation. Full Story Top Micron swings to profit in second quarter Wed, 31 Mar 2010 06:18 pm PDT AP - Micron Technology Inc. reported its second-consecutive quarterly profit, further rebounding after more than three years of losses. Full Story Top Moody's downgrades Greek banks, long slump feared Wed, 31 Mar 2010 08:34 am PDT AP - Moody's credit rating agency downgraded five Greek banks on Wednesday, saying their finances will suffer from the effects of the country's public debt crisis — including painful austerity measures and a long recession. Full Story Top Yum! Looking to Score Big in India Wed, 31 Mar 2010 02:08 pm PDT The Motley Fool - It looks like Taco Bell is off to a flying start in India. According to The Wall Street Journal, business is booming at India's first Taco Bell, located in Bangalore. The restaurant is averaging crowds of more than 2,000 customers a day, based in part on the novelty of Mexican food. That's great news for Yum! Brands (NYSE: YUM - News), which also operates Pizza Hut and KFC. Full Story Top Greenspan, ex-Citi CEO to answer to crisis panel Wed, 31 Mar 2010 12:04 pm PDT Reuters - Former Federal Reserve Chairman Alan Greenspan and ex-Citigroup (C.N) Chief Executive Chuck Prince will appear next month before a U.S. panel investigating the roots of the financial crisis that brought global markets to their knees in 2008. Full Story Top Stage Stores adds retail industry veteran to board Wed, 31 Mar 2010 01:58 pm PDT AP - Department store operator Stage Stores Inc. said Wednesday has named retail industry veteran Cheryl N. Turpin to its board of directors. Full Story Top Freddie Mac easing lending rules on Fla. condos Wed, 31 Mar 2010 02:33 pm PDT AP - Freddie Mac moved to buoy the battered Florida condo market, waiving lending rules that made it harder to buy and sell units in many condo buildings. Full Story Top Recharging debate, Obama expands offshore drilling Wed, 31 Mar 2010 11:30 pm PDT AP - Shaking up years of energy policy and his own environmental backers, President Barack Obama threw open a huge swath of East Coast waters and other protected areas in Alaska and the Gulf of Mexico to drilling Wednesday, widening the politically explosive hunt for more homegrown oil and gas. Full Story Top Toyota executive sees US March sales rising 40 pct Wed, 31 Mar 2010 05:32 pm PDT AP - Toyota's sales surged 40 percent in March, a top company executive said Wednesday, as the automaker offered its biggest incentives ever to cope with the fallout of millions of recalls. Full Story Top Harvard Dean Search: 'Vision' a Must Wed, 31 Mar 2010 05:08 am PDT BusinessWeek - For the first time, the three top business schools in the Bloomberg BusinessWeek ranking of full-time MBA programs find themselves with vacancies in the dean's office.On Mar.25, we launched a three-part series examining the dean searches now underway at No.1 University of Chicago's Booth School of Business (Booth Full-Time MBA Profile), No.2 Harvard Business School (Harvard Full-Time MBA Profile), and No.3 Northwestern University's Kellogg School of Management (Kellogg Full-Time MBA Profile). ... Full Story Top

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