BRUSSELS -(Dow Jones)- Banks should be incentivized to simplify their
businesses if they are too complex to wind up in a crisis, according to
recommendations from a standard-setting committee of the Bank for
International Settlements.
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LONDON -(Dow Jones)- Marks & Spencer Group PLC (MKS.LN) Thursday
said that executive chairman Stuart Rose will become chairman of the
retailer July 31, relinquishing the executive role he has played since
June 2008, and ultimately leave the company in March 2011.
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NEW YORK -(Dow Jones)- Price guidance is out on farm and construction
machinery manufacturer CNH Global NV's (CNH, NHL.BE) $822.5 million
deal, according to a person familiar with the matter Thursday.
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LONDON -(Dow Jones)- The U.K.'s banks are committed to repaying the full
cost of the various government support schemes put in place since the
start of the financial crisis, in addition to an estimated GBP14 billion
in fees for the use of those programs, the British Bankers Association
said Thursday.
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WASHINGTON -(Dow Jones)- Greece hasn't approached the International
Monetary Fund for financing, but the fund remains ready to help if
needed, an IMF spokeswoman said Thursday.
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Caterpillar Inc. (CAT) said the slump for retail machinery sales eased
further in the latest three months while the amount of engine-sales
declines was unchanged.
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