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Yahoo buyback urged

San Francisco : Yahoo! Inc. investors put off by a stock price that has barely budged this year are urging Chief Executive Officer Marissa Mayer to buy back shares rather than pay a dividend with the $3 billion raised from selling a stake in Alibaba Group Holding Ltd.A buyback would give the signal that investors seek that Mayer has confidence in

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Metro lowers 2012 profit outlook

Frankfurt: Metro AG, the world’s fourth-largest retailer, cut its earnings outlook for 2012 on Friday, blaming rising unemployment in the Eurozone and the sovereign debt crisis for putting a damper on profits, sending its shares sharply lower.

Metro said it now expects earnings before interest and taxes (EBIT) and before special items to amount to

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Burberry scents success in perfumes

An upgrade from its joint house broker put Burberry among the risers as the FTSE 100 broke a two-week losing streak.

Morgan Stanley on Friday turned positive on Burberry ahead of a trading update due on Thursday. Earnings forecasts may still be too high but, with the shares near a two-year low following a profit warning last month, the long-term

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Osborne faces small world of BOE as governor choice looms

London: George Osborne, the chancellor of the exchequer, will evaluate just how many people think they are clever enough to be governor of the Bank of England.

Bank of England Deputy Governor Paul Tucker, Financial Services Authority Chairman Adair Turner and Independent Commission on Banking Chairman John Vickers are among the favourites to

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Lehman Brokerage payout nearer after $38b pact

New York : Defunct brokerage Lehman Brothers Inc., which hasn’t paid hedge funds after four years in liquidation, is nearer to making them whole after reaching a “critical milestone” in settling a $38 billion dispute with an affiliate, the trustee said.

Brokerage trustee James Giddens, who is facing payment demands by New York hedge fund Elliott

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Abatera Tours is an expert destination management company that covers all aspects of inbound tourism business including FIT Travel, Leisure groups and Meetings, Incentives, Conferences & Events (MICE)...

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Office No: 302 Wasel Business Centre
Near port Saeeed Etisalat Office Deira, Dubai.

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