Yahoo puts off shareholder showdown
DRAMA CONTINUES:
This was the second time the company postponed the annual meeting, after a delay to think out alternatives to Microsoft's unsolicited takeover bid
Yahoo Inc on Thursday postponed a looming showdown for control of its board, giving itself more time to prepare a defense — or negotiate a sale to Microsoft Corp that would cause activist investor Carl Icahn to call off the mutiny.
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Inflation to bring more unrest: bank
PAYING THE PRICE:
The cost of food and fuel has been cited as a factor leading to violence in Haiti, protests by farmers in Argentina and riots in sub-Saharan Africa
Riots, protests and political unrest could multiply in the developing world as soaring inflation widens the gap between the "haves" and "have nots," an investment bank predicted on Thursday.
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Aussie airlines save fuel by easing off the throttle
PINCHING PENNIES:
The extra time in flight may not mean much to the average passenger, but for budget carrier Jetstar it is money in the bank
Some Australian airlines are flying slowly to save fuel as oil prices surge to record highs, it was revealed yesterday.
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Quebec court blocks sale of BCE to investor group
An unexpected court ruling threw a wrench into a pension fund's acquisition of telecom giant BCE on Thursday, in what would be the biggest takeover in Canadian history, and sent its shares plummeting.
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Ford moves away from big vehicles as fuel prices soar
Ford Motor Company on Thursday said it is cutting production of large trucks and sport utility vehicles as soaring pump prices drive US demand for more fuel-efficient cars.
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World Business Quick Take
■ AUTOMOBILES
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