Andrew Keen News
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Glencore International Plc, seeking to buy Xstrata Plc for 24 billion pounds ($38.2 billion), is likely to raise its agreed all-share offer in April by as much as 18 percent, according to HSBC Holdings Plc.
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Google Inc. options traders who made bullish bets before the company’s quarterly report yesterday suffered the U.S. derivatives market’s biggest losses today after the search-engine operator missed analysts’ projections.
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A European Union proposal to simplify and toughen the region’s data-protection rules will require companies to disclose data breaches within 24 hours of their occurrences, Justice Commissioner Viviane Reding said.
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BHP Billiton Ltd. , Vale SA and Rio Tinto Group , the world’s three largest mining companies, are set for record profit totaling $52 billion as they accelerate earnings growth at the expense of their biggest customers.
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Copper declined along with other industrial metals as the dollar rose and high prices deterred purchases by Chinese users amid rising domestic stockpiles.
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The world’s eight largest potash miners, whose market control already exceeds that of oil cartel OPEC, are poised to tighten their grip on prices of the crop fertilizer as proposed mergers consolidate sales channels.
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Prices to insure Apple Inc. shares from losses dropped to a one-year low after Steve Jobs, who presided over a 91-fold increase in the stock, stepped down as chief executive officer.
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Options traders are boosting wagers that BHP Billiton Ltd. and potential rivals will bid higher than the $40 billion already offered by the world’s biggest mining company for Potash Corp. of Saskatchewan Inc.
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The benchmark index for U.S. stock options decreased as investors speculated the Federal Reserve will signal additional measures to stimulate the economy. Europe’s volatility gauge also retreated.
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Rio Tinto Group spent 2008 trying to sell assets as it strained to cut ballooning debt. Chief Executive Officer Tom Albanese now has the opposite challenge -- to decide how to spend his swelling pile of cash.
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