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Sunday, January 30, 2011 12:00 AM PST

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Today's Business News: Alpha agrees to buy Massey Energy for about $7.1 billion Comcast completes NBC Universal merger Egypt riots knock Wall St to biggest drop in 6 months Bankers play contrite, offer olive branch at Forum Hedge funds appeal dismissed $2 billion suit vs Porsche Financial markets shaken by Egypt unrest US growth hits highest level in five years Ford stock falls after company misses expectations Kerry says Mubarak needs to respond to his people Financial Crisis Inquiry Commission Places Blame on American Households 'Milestone' WTO ruling due in EU-US Boeing battle Sliding profit margins drag Amazon shares Paulson's $5 billion payout shocks, raises questions Utah mayors express concern over pipeline restart 2 men get 4 years in prison for $240M tax scheme India Maruti's profit falls on rising costs Admissions Q&A: ESADE Alpha agrees to buy Massey Energy for about $7.1 billion Sat, 29 Jan 2011 09:25 pm PST Reuters - Alpha Natural Resources said on Saturday it agreed to a $7.1 billion deal to buy Massey Energy Co, which was rocked by a deadly coal mining accident last year. Full Story Top Comcast completes NBC Universal merger Sat, 29 Jan 2011 08:50 am PST Reuters - Comcast Corp has completed its takeover of NBC Universal, creating a $30 billion media behemoth that controls not just how television shows and movies are made but how they are delivered to people's homes. Full Story Top Egypt riots knock Wall St to biggest drop in 6 months Fri, 28 Jan 2011 03:18 pm PST Reuters - Stocks suffered their biggest one-day loss in nearly six months on Friday as anti-government rioting in Egypt prompted investors to flee to less risky assets to ride out the turmoil. Full Story Top Bankers play contrite, offer olive branch at Forum Sat, 29 Jan 2011 05:50 am PST Reuters - Top bankers adopted a softer tone after high-level meetings at the World Economic Forum on Saturday, thanking governments for shoring up the financial system in the hope of avoiding tighter regulation. Full Story Top Hedge funds appeal dismissed $2 billion suit vs Porsche Sat, 29 Jan 2011 08:23 am PST Reuters - A group of hedge funds led by Elliott Associates and Black Diamond Offshore Ltd appealed the dismissal of their $2 billion lawsuit against German automaker Porsche SE. Full Story Top Financial markets shaken by Egypt unrest Fri, 28 Jan 2011 09:57 am PST Reuters - Crude oil prices surged, stocks fell around the world and the dollar gained on Friday as images of street battles in Egypt riveted investors and raised concerns the protests will intensify and spread across the Middle East. Full Story Top US growth hits highest level in five years Fri, 28 Jan 2011 01:00 pm PST AFP - The US economy grew at its fastest clip for five years in 2010, the Commerce Department reported Friday, as the country bounced back from recession and fears of a double-dip recession ebbed. Full Story Top Ford stock falls after company misses expectations Fri, 28 Jan 2011 02:26 pm PST AP - Ford Motor Co. is the most profitable it's been in a decade, since the days when Americans were snapping up SUVs. But maintaining that momentum — and meeting the high expectations of buyers, workers and investors — will be a big challenge in the coming year. Full Story Top Kerry says Mubarak needs to respond to his people Sat, 29 Jan 2011 09:47 am PST AP - U.S. Sen. John Kerry said Saturday that Egyptian President Hosni Mubarak must respond to the concerns of his citizens and the issues they are having, as the Egyptian protests were observed at the World Economic Forum. Full Story Top Financial Crisis Inquiry Commission Places Blame on American Households Fri, 28 Jan 2011 02:25 pm PST ContributorNetwork - American households got blasted by the Financial Crisis Inquiry Commission because they borrowed too much and saved too little. American households had created an environment of taking on too much risk by over-extending themselves. They did this by placing record debt on themselves and by overstating their income on mortgage applications. Full Story Top 'Milestone' WTO ruling due in EU-US Boeing battle Sat, 29 Jan 2011 09:30 pm PST AFP - The WTO is expected on Monday to hand over a final but confidential ruling to the United States and EU on their bruising dispute over decades of multi-billion dollar US public aid to aircraft giant Boeing. Full Story Top Sliding profit margins drag Amazon shares Fri, 28 Jan 2011 09:12 am PST Reuters - Sliding profit margins at Amazon.com prompted mixed reactions from analysts on Friday, a day after it posted quarterly results, though most of them stuck to their top ratings on the world's largest online retailer. Full Story Top Paulson's $5 billion payout shocks, raises questions Fri, 28 Jan 2011 05:15 pm PST Reuters - Billionaire hedge fund manager John Paulson, whose bet against the overheated housing market made him one of the world's wealthiest people, became a lot richer last year. Full Story Top Utah mayors express concern over pipeline restart Sat, 29 Jan 2011 01:48 pm PST AP - Salt Lake City Mayor Ralph Becker and Salt Lake County Mayor Peter Corroon are expressing concern over Chevron's plans to restart a pipeline that burst twice last year, spilling hundreds of barrels of oil. Full Story Top 2 men get 4 years in prison for $240M tax scheme Fri, 28 Jan 2011 05:39 pm PST AP - Two Seattle-area men were sentenced Friday to four years in prison for concocting a bogus tax shelter to help a Hollywood mogul, the owner of the New York Jets and other wealthy clients avoid paying $240 million in payments. Full Story Top India Maruti's profit falls on rising costs Sat, 29 Jan 2011 07:28 am PST AFP - India's biggest carmaker by sales, Maruti Suzuki, on Saturday reported an 18 percent slide in quarterly net profit, hit by fast-rising raw material costs and bigger payments to its Japanese parent. Full Story Top Admissions Q&A: ESADE Fri, 28 Jan 2011 05:08 am PST BusinessWeek - ESADE Business School (ESADE Full-Time MBA Profile) in Barcelona, Spain, accepted 46 percent of the 692 applications it received in 2010.At No.4 on the Bloomberg Businessweek list of top-ranked non-U.S.business schools, ESADE prides itself on having the feel of a closely knit family in a welcoming city, says Cristina Sassot, director of Admissions at ESADE. Full Story Top

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