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McCain picks Alaska's Palin as running mate
John McCain shook up the US presidential race with the surprising announcement he had picked little known Sarah Palin, the 44-year-old governor of Alaska, as his vice-presidential running mate

Economic data weigh on Wall St stocks
US stocks fell, ending the week mixed, as investors continued to worry about the embattled financial sector and the health of the wider economy, in spite of some encouraging earnings news

Japan offers economic stimulus package
The Japanese government on Friday unveiled a Y11,500bn economic stimulus package which includes an income tax cut, fuel subsidies and government loans to small and medium-sized companies

EU regulators probe BA's Iberia/AA plans
European Union regulators are investigating a plan by British Airways, Iberia and American Airlines to co-operate more closely on transatlantic routes to see if it violates the EU's antitrust laws, EU officials said

Gustav threatens Republican convention
Tropical storm Gustav is threatening to interrupt or even postpone the Republican national convention next week, when it is expected to sweep into the Gulf of Mexico as a stark reminder of one of the lowest points of the Bush administration

Merrill losses wipe away longtime profits
Merrill Lynch's losses in the past 18 months amount to about a quarter of the profits it has made in its 36 years as a listed company, according to Financial Times research that highlights the extent of the global banking crisis

Microsoft to buy price comparison website
Microsoft is buying the parent company of Ciao.com, an online price comparison and product reviews site, as it seeks to improve its European search offering to compete with Google

Economic headwinds hit pound
The pound continued its recent slide this week as evidence mounted that the UK economy was headed for recession

Dell disappoints with 17% decline in income
World's second-biggest personal computer maker warns that the US slowdown in IT spending has begun to spread to Europe and parts of Asia

Bank of China flees Fannie-Freddie
Bank of China has cut its portfolio of securities issued or guaranteed by troubled US mortgage financiers Fannie Mae and Freddie Mac by a quarter since the end of June

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