Mark Jewell, AP Business Writer, On Monday August 23, 2010, 11:07 am EDT In its single biggest repayment of bailout loans so far, American International Group Inc. said Monday it is paying back nearly $4 billion in taxpayer aid with proceeds from a recent debt sale. The insurer’s…

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Tata Global Beverages, formerly Tata Tea Ltd, is considering restructuring the company’s operations at various levels and aiming to launch a new nutrition-based beverage, top officials said on Monday. “We are looking at merging like businesses. Whenever we believe there is sc…

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Chip maker Intel Corp said it would buy security technology firm McAfee Inc for $7.68 billion in an effort to make security technology a strategic focus. Intel said it would pay $48 per share in cash for McAfee in its biggest acquisition ever. The price is a 60 per cent premium to McAfee…

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Icex, which started operations less than a year ago, was founded by Indiabulls and MMTC. It later roped in other investors Reliance-Anil Dhirubhai Ambani Group (ADAG) is reportedly acquiring a 26% stake from Indiabulls Financial Services in Indian Commodity Exchange (Icex). Icex, which…

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U.S Stocks rose Tuesday after reports showed the first rise in wholesale prices since March and a big jump in industrial production. A slight improvement in the weak housing market and better-than-expected earnings from Home Depot Inc. and Wal-Mart Stores Inc. also gave investors a reaso…

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Public shareholders of Cairn India will lose out on a whopping Rs 3,570 crore to the promoters who would be only beneficiary of a non-compete fees to be paid by its suitor, London-listed Vedanta group. The non-compete fees, which market regulator Sebi had already proposed to abolish, are…

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Eight of the country’s top-ten firms lost a whopping Rs 37,000 crore from their combined market capitalisation during the past week, with trading firm MMTC suffering the maximum loss. MMTC, at the seventh position in the list of the country’s largest firms by market capitalis…

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The Federal Reserve has said the pace of US economic recovery has slowed down in the recent months, giving out strong signals that the world’s largest economy continues to grapple with its financial woes. The apex bank’s latest comment is one of the most pessimistic in many m…

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The Commonwealth Games Organising Committee today said it has roped in auto major Tata Motors as the official motor transport sponsor for the forthcoming games and will source different vehicles from the firm’s stable. “We are delighted to welcome Tata Motors to our sponsor …

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CALL CLOSED. Current market price: 388.50 (after bonus). Long term target: 640. Book value: 304.96. P/E ratio: 10.11 Balmer Lawrie started its corporate journey as a Partnership Firm on 1st Februry 1867 at Kolkata, founded by two Scotmen – George Stephen Balmer and Alexander Lawrie…

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