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Prosecutors raid Japan's UFJ bank
Publish Date : 10/13/2004 7:24:00 PM   Source : Business News Onlypunjab.com
Japanese banking giant UFJ has been raided by prosecutors investigating whether the group hindered an official probe into bad loans.

Bank of America is cutting jobs
Publish Date : 10/13/2004 7:07:00 PM   Source : Business News Onlypunjab.com
Bank of America is to cut 4,500 jobs, some 2.5% of its workforce.

AT&T to cut a further 7,000 jobs
Publish Date : 10/13/2004 7:01:00 PM   Source : Business News Onlypunjab.com
American telecoms giant AT and T has announced that it plans to cut its workforce by 20% this year, or by just over 12,000 jobs.

ECB keeps eurozone rates on hold
Publish Date : 10/13/2004 6:58:00 PM   Source : Business News Onlypunjab.com
The European Central Bank has kept eurozone interest rates unchanged at 2% for the sixteenth consecutive month.

Boardroom pay rises gallop ahead
Publish Date : 10/13/2004 6:53:00 PM   Source : Business News Onlypunjab.com
The pay gap between the boardroom and the workforce is continuing to widen, according to an annual report.

India power sale warms investors
Publish Date : 10/13/2004 6:46:00 PM   Source : Business News Onlypunjab.com
India's major power producer, National Thermal Power Corp (NTPC), has sold out its $1.2bn (£0.67bn) flotation within 15 minutes.

Oil prices surge to record high
Publish Date : 10/13/2004 6:36:00 PM   Source : Business News Onlypunjab.com
Continued production problems in the US Gulf of Mexico, following Hurricane Ivan, have seen oil prices climb to a record high of more than $51 a barrel.

Saudi vows to create 'pro-business environment', foster investment
Publish Date : 10/13/2004 4:45:00 PM   Source : Business News Onlypunjab.com
Saudi Arabia will seek to create a "pro-business environment" and foster investment opportunities in energy and other sectors, the oil-rich kingdom's investment chief said.

PeopleSoft Exec: Bid Hurt Target Deal
Publish Date : 10/13/2004 4:42:00 PM   Source : Business News Onlypunjab.com
Oracle Corp.'s hostile takeover attempt of PeopleSoft Inc. cost the company such customers as Target Corp., despite a customer program meant to instill confidence that PeopleSoft programs ...

NYMEX Crude Near Highs Off $54
Publish Date : 10/13/2004 4:06:00 PM   Source : Business News Onlypunjab.com
NYMEX crude kept close to record highs near $54 early on Tuesday as global oil supplies remained hounded by disruptions, magnifying concerns over U.S. heating oil stocks ahead of the winter, traders said.

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