2010.08.02

News Headlines - 02 August 2010

▽Geely completes purchase of Volvo for $1.5bn
http://www.ft.com/cms/s/0/b25238b6-9e1e-11df-b377-00144feab49a.html?ftcamp=rss
Ford Motor said it had completed the sale of Volvo Cars, its Swedish marque, to Chinese carmaking group Geely for $1.5bn.

▽Sterling at 6 month high vs dlr, 4-wk high vs euro
http://uk.reuters.com/article/idUKLDE6710Y820100802
Sterling rose to a six-month high against a broadly weaker dollar and a four-week high versus the euro on Monday, lifted by buoyant risk appetite as strong corporate earnings benefited equity markets.

▽HSBC and BNP profits beat view after bad debts tumble
http://www.reuters.com/article/idUSTRE6711KU20100802
HSBC and BNP Paribas, two of Europe's top three banks, beat earnings forecasts after bad debts fell sharply, more than offsetting slowing investment banking growth.

▽Sex job ads banned at employment offices
http://uk.reuters.com/article/idUKTRE67127120100802
Employers looking for lap dancers, strippers, topless barmaids or sexy web-cam performers will no longer be able to place adverts at Jobcentres, the British government said on Monday.

▽UK.gov says upgrading from IE6 'too expensive'
http://www.itpro.co.uk/625675/uk-gov-says-upgrading-from-ie6-too-expensive
Responding to a online petition to upgrade from 6,000 internet users concerned over the browser's security, UK.gov rejected the call, claiming the complexity of an upgrade would come at too high a cost to the taxpayer.


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