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Business News

US Redesigns Hundred Dollar Bill
The United States says it will debut a new design to the hundred-dollar bill next month. In a statement Friday, the Treasury Department said it makes decisions about currency redesigns by evaluating "ongoing counterfeit threats.

Iceland Rejects Bill to Repay Britain, Netherlands
Icelandic voters overwhelmingly rejected a $5.3-billion deal to repay debts to Britain and the Netherlands for their losses in the 2008 collapse of Iceland's private online bank, Icesave.

US Monthly Unemployment Rate Holds Steady
The U.S. unemployment rate held steady at 9.7 percent in February. Fewer jobs were lost than many economists had feared, but the statistics show that many companies don't have enough faith in an economic recovery to start hiring now.

India to Raise Fuel Prices Amid Protest
The Indian government has indicated it will push ahead with its decision to raise fuel prices despite strong political opposition.

Unintended Acceleration Problems Persist Despite Toyota Recall Repairs
The U.S. Transportation Department is looking into complaints from some Toyota owners who say they are still experiencing problems with unintended acceleration even after repairs to their recalled vehicles.

US Jobless Claims Down, Productivity Up
The number of people signing up for unemployment compensation in the United States dropped last week, while an updated study of U.

US Will Support Ban On International Trade of Bluefin Tuna
The US announced on Wednesday that it will support a ban on the international trade of Atlantic bluefin tuna.

UN Expert Warns of Looming World Food Crisis
Conditions in the world's grain markets today are similar to those during the food price crisis of 2007-2008, according to the head of the U.

Malaysia's Efforts to Liberalize Economy Could Cause Short-Term Pain
The government of Malaysia knows that, in the current global economic situation, it must innovate to survive.

A Passion for Fashion Pays Off
During the recent Fashion Week in New York City, top designers unveiled their fall and winter collections to buyers, the public and young students who hope to one day see their own designs on the catwalk.

US Consumer Spending Up Slightly Amid Weak Recovery
The U.S. Commerce Department says consumer spending rose more than expected in January, up half a percent.

Ford Sales Race Past GM; Toyota Falters
Some of the world's major automakers are seeing a surge in sales, led by a 43 percent jump at U.S.-based Ford Motor Company.

Prudential to Buy AIG's Asian Unit for $35 Billion
British insurance company Prudential says it will buy the Asian unit of U.S. insurer AIG for $35 billion, allowing AIG to repay some of the money it owes U.

Greek PM Warns Tomorrow Will Be 'Too Late' To Act On Debt
European leaders are increasing pressure on Greece to slash its debt before the country's financial crisis sparks even bigger problems.

Greek Debt Crisis Affects Europe, World Economy
As Greece embarks on tough economic reforms it is facing the prospect of deep social unrest, with tens of thousands of workers taking to the streets this week.

US Economy Grew Faster Than Expected in 4th Quarter
New U.S. government figures show the world's biggest economy grew faster and stronger than first thought at the end of last year.

Troubled Insurance Giant Posts Loss
One of the world's biggest insurance companies said it lost billions of dollars in the final three months of last year as it struggled to pay back a massive bailout loan from the U.

India to Reduce Its Debt Burden, Review Stimulus
India plans to reduce its debt burden as the economy returns to a high growth path. In its annual budget presented Friday, the government has also outlined measures to improve flagging agricultural production.

Dubai's Doldrums Spark Exodus of Migrant Workers
Abdul Wahab is in the kitchen of his new house. His wife, Neeza, pours glasses of orange drink for him, their two children and some friends.

Japanese Child Poverty on the Rise
Poverty is not first thing that comes to mind when you think of Japan. After all, there are no children begging on the streets in major cities here.

Business News
'Fragile' Economic Recovery, Rising Debt Worries Europe
India Estimates 2010 Economic Growth
Toyota CEO Apologizes for Safety Lapses
Obama Calls On Business Leaders for Support
Informal Cross-Border Traders Reduce Poverty, But Face Major Risks in..
US Fed Chief: Recovery Needs More Help
Toyota Facing Sales Challenges in US
BC Communities Try to Take Advantage of Olympics Visitors
US Lawmakers Chastise Toyota Over Recalls
US Financial Firms' Top Executive Bonuses Up 17 Percent in 2009
Global Automakers Head to India to Tap into Growing Car Market
US Demands Toyota's Safety Documents
Thai Political Uncertainty Causes Investor Concern
Lufthansa Pilots On Four-Day Strike
Obama Calls for Bipartisan Health-Care Reform

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