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Latest Business News

As Facebook grows, millions say, 'no, thanks' -

FILE - In this Aug. 25, 2009 file photo, Internet pioneer Len Kleinrock poses for a portrait next to an Interface Message Processor, which was used to develop the Internet. Kleinrock, arguably the world's first Internet user, says Facebook is fine for his grandchildren, but it's not for him. (AP Photo/Matt Sayles, File)Don't try to friend MaLi Arwood on Facebook. You won't find her there.


Oil rises to above $93 as traders mull Europe - Oil prices rose slightly to above $93 a barrel Thursday in Asia as traders mulled whether concern over Europe's debt crisis justifies extending a sharp two-week sell-off.
British GM workers agree deal on Astra production - British autoworkers have overwhelmingly backed a job deal which clears the way for renewed investment at General Motors' Vauxhall plant in northern England.
UK's Cameron urges action to resolve euro crisis - British Prime Minister David Cameron is urging Europe to sort out its currency crisis, calling on the 17-country eurozone to "to make-up or it is looking at a potential break-up.
Japanese consumers lead economic rebound in first quarter -

Newly produced trucks are seen at an industrial port before they are loaded to a cargo ship in YokohamaTOKYO (Reuters) - Japan's economy bounced back in the first quarter from a year-end lull, powering ahead of other major industrial nations thanks to rebuilding of the tsunami-battered northeast, solid private spending and some improvement in exports. The world's third-largest economy grew 1.0 percent in the January-March quarter, just above a median forecast of 0.9 percent. A 0.2 percent contraction in the economy reported for the final three months of 2011 was revised up to flat in the government data released on Thursday. ...


RBC, Credit Suisse among bidders for BofA wealth units: sources -

A Bank of America Merrill Lynch sign is seen on a building that houses its offices in SingaporeSINGAPORE/HONG KONG (Reuters) - Royal Bank of Canada and Credit Suisse are among suitors who have put in initial bids to buy the non-U.S. wealth management business of Bank of America in a deal that could be worth about $2 billion, sources said. Swiss bank Julius Baer was also keen to bid for some of BofA's units in Europe, the Middle East, Latin America and Asia excluding Japan, the sources, who had knowledge of the matter, told Reuters. It was not clear whether Switzerland's third-biggest bank had submitted an initial bid. ...