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Business News

Turkey to reduce reliance on Iran oil by 20 pct through Libya purchase

Turkey plans to purchase oil from Libya in an attempt to reduce its dependence on Iranian oil by 20 percent, a move that is expected to help the country bypass sanctions the US plans to impose on countries buying oil from Iran.

Turkey’s foreign trade deficit sees notable improvement in February

Turkey’s foreign trade deficit dropped by more than one-fifth year-on-year in February, the official statistics bureau has said. According to Turkish Statistics Institute (TurkStat) figures, the gap declined by 20.4 percent from $7.46 billion in February 2011 to $5.93 billion the second month of this year.

Alaska, oil giants end lease spat to target LNG exports

Visa, MasterCard scramble after massive data breach

Credit card giants Visa and MasterCard were scrambling on Friday to thwart cyber crooks who looted a massive trove of precious account data, evidently from a payment processor in New York.

National Business:

Recovering Ireland eyes more Turkish business

Caglayan expresses hope to increase bilateral trade volume with Iran

Turkey leads region in mergers and acqusitions

Turkish Brightwell Holdings Withdraws Bid for Saab

Tunisia to enjoy Turkish spring

News Corp mulls bid for Turkey’s ATV and Sabah -WSJ

Turkey and Czech Republic establish cooperation in promoting investments

Turkish exports set record-breaking rise

Yildirim praises developments in transportation, informatics and maritime

Turkey to pay less for Russian gas

Simsek: Turkey to be able to have soft landing even if stiff breezes blow from Europe

South Stream spring with Putin

Energy:

BP reaches $7.8bn deal over US oil spill

Tycoon Pickens wants US off foreign oil

Part of Keystone XL oil pipeline to go ahead: company

BP says US oil spill trial could 'last until 2014'

As US gas prices soar, some pray to God for help

BP must pay part of rig owner's eventual Gulf costs

Apache to buy southwest US energy assets for $2.85 bn

Oil prices rise as EU agrees to Iran embargo

World oil supply ’very adequate’: Saudi minister

Oil Prices Soar in US

Bernanke warns on oil price ’threat’

Chevron confirms breach of Nigerian pipeline

Auto:

Anti-Iran lobby hits GM-Peugeot deal

Cheap natural gas makes inroads as US vehicle fuel

GM holds 7 of Peugeot after share issue

GM-Peugeot tie up sidesteps overcapacity problem

GM suspends production of electric Volt

Chrysler's US sales jump 40 in February

GM to take 7 of Peugeot in strategic alliance

Peugeot Citroen 'to raise 1 bn euros for GM deal'

GM to take five percent stake in Peugeot: report

US auto bailout was necessary: analysts

Honda recalls Pilot, Acura SUVs in US for tank fix

Peugeot and GM discuss 'strategic partnership'

Information Technology:

Facebook to make stock market debut 'in May'

Oracle, Google patent case looks headed for court

Google lets users monitor their online activity

Yahoo! to lay off 'thousands': report

SingTel moves into mobile ads to boost revenue

Business review site Yelp jumps 60 in IPO debut

Kodak selling online photo business to Shutterfly

Apple, Google most admired firms: Fortune

Apple's market cap tops $500 billion

Apple to hold March 7 event, new iPad expected

Yahoo! pokes Facebook over patents: report

Motorola Solutions buys $1.2 bn in stock from Icahn

Banking and Finance:

Race picks up to head World Bank

Jeffrey Sachs seeks World Bank's top job

Fed banks $2.8 bn profit on AIG assets

Citigroup raises $1.9 bn with Indian sale

US launches inquiry into 'subprime' mortgage debacle

Morgan Stanley posts 2011 profit despite Q4 loss

World Bank cuts global economic forecasts

US Market:

US confirms economy grew 3.0 in Q4

Big business sees US economy pick-up: survey

Growth stronger in US services sector: ISM

China's dimmer growth outlook dampens US stocks

Geithner defends Obama's Wall Street reforms

US growth easing after solid fourth quarter: Fed

US economy grew 3.0 in fourth quarter

Dow closes above 13,000 for first time since 2008

US consumer confidence surges

US durable goods orders dive in January

US stocks tumble on oil price concerns

US stocks close mixed in thin trade

US-China trade disputes likely to rage on

The recent bumper consignment of US-China trade disputes will be followed by boatload after boatload of new pr…

Apple gadget maker has 'significant' labor issues: audit

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Google plans low-price tablet computer

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Orders soar for Ubisoft's coming 'Assassin' game

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Roche raises hostile bid for US Illumina

Swiss pharmaceutical giant Roche raised its hostile bid for US gene mapper Illumina to $51 a share on Thursday…

News Corp. piracy claims are "lies and libels": Murdoch

News Corp. chairman Rupert Murdoch Thursday condemned as "lies and libels" claim…

US durable goods orders rebound in February

…

Exxon tells Baghdad Kurdistan deal is 'frozen'

US energy giant ExxonMobil has told the Iraqi oil ministry that it has "frozen" …

New revenue model elusive for US papers: study

US newspapers are searching for a new revenue model in an era of falling circula…

Court quashes call on Cukurova to deposit $1.4 bln in Turkcell row

A top British appeals court has quashed an order by a Caribbean court for Turkey…

Rebounding steel mills strengthen Obama's case

Sparks are flying again at Specialty Fab, an Ohio steel manufacturer, and Presid…

US manufacturing growth slowed in Feb: ISM

Manufacturing activity in the United States continued to expand in February, but at a slower pace from January…

Stanford's 'lies' built $7 bln Ponzi scheme: US trial

Financier and cricket mogul Allen Stanford mocked his "gullible" investors as he…

WTO gives ruling on Airbus-Boeing state-aid dispute

Top-level talks might be the only way to end a seven year state-aid dispute betw…

James Murdoch out at News International

James Murdoch stepped down on Wednesday as executive chairman of News International, News Corp.`s scandal-plag…

Boeing to sell ten 777s to China Southern

Boeing said Tuesday it has received an order from China Southern Airlines for 10 long-haul 777 aircraft in a d…

New US agency to enforce trade rules with China

The US took direct aim at China Tuesday with the establishment of a new agency t…

Buffet puts 1.4 bn euros into EU stocks

US investment tycoon Warren Buffet said Monday that he had put 1.4 billion euros ($1.9 billion) into European …

Berkshire Hathaway chooses Buffett's successor

Billionaire investor Warren Buffett announced Saturday that a successor has been…

Boeing to shave $1 bn off 787 production costs

Boeing will try to shave more than $1 billion off production costs of its new 78…

Recall News ยป

Designs Direct Recalls Rooster-Themed Lamps Sold Exclusively at Fred’s Inc. Due to Risks of Shock and Fire

Bumbleride Recalls Indie & Indie Twin Strollers Due to Fall Hazard

Weeplay Kids Recalls Infant Bodysuits Due to Choking Hazard

Fire Concerns Prompt York International to Reannounce Recall of Gas Furnaces for Manufactured Homes

HP Recalls Fax Machines Due to Fire and Burn Hazards

Overarching Floor Lamp Recalled by West Elm Due to Shock Hazard

Hurricane Style Lights Recalled by Christmas Tree Shops Due to Fire Hazard

Holiday Tea Light Candle Warmers Recalled by Christmas Tree Shops Due to Fire and Burn Hazards

The Container Store Recalls Brightly-Colored Power Strips Due to Fire Hazard

Specialized Bicycle Components Expands Recall of Bicycles Due to Fall Hazard

Blount International Recalls Replacement Blades Used with Ariens Lawnmowers Due to Laceration Hazard

Bicycle Handlebars Recalled by Euro Asia Imports; Handlebars Can Break Resulting in Loss of Control and Fall Hazard

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