Vilsack urges House to pass drought aid in farm bill
Secretary Tom Vilsack pressed Congress to restore expired disaster aid programs for farmers facing severe drought. He cited corn losses in Iowa and nearby states, noted the 2008 farm bill provisions and a $50 million livestock relief line, and warned delays could push these issues into broader budget talks. He announced new measures allowing extra land use for hay and grazing during emergencies.
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Des Moines
Iowa
Tom Vilsack
Congress
House
Senate
Vilsack
Agriculture Committee
America
House of Representatives
Indi
Ana
Illinois
U.S. Department of Agriculture
Europe trembles as Spain faces potential full bailout
European markets slid as fears rose that Spain may require a full bailout amid a deepening recession. Spain's 10 year bonds climbed to 7.56 percent while the euro weakened and major indices fell across Europe and the US. The central bank said Spain's economy contracted 0.4 percent in Q2 and the government predicts no growth until 2014.
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Frankfurt
Germany
Europe
Spain
Italy
World
DAX
Britain
France
Wall Street
CNOOC to Acquire Nexen for 15.1 Billion Dollars
Shanghai based CNOOC Ltd says it will buy Canadian Nexen Inc for 15.1 billion dollars at 27.50 a share a 60 percent premium. Nexen operates in Canada the Gulf of Mexico North Sea Africa and the Middle East and produced about 213000 barrels of oil equivalent daily in Q2. The deal awaits Canadian government approval and is seen as part of a broader push by Chinese state firms to secure energy assets abroad.
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Shanghai
China
Cnooc Ltd
Nexen Inc
CNOOC
Americas
Unocal
U.S
Nexen
Ter
New York
Calgary
Alberta
Canada
Gulf of Mexico
North Sea
Africa
Middle East
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NASA
NEW York(ap
York Mercantile Exchange
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CheniereEn
Microsoft
GenOn
Vringo
PwShs
Micront
FritYeas
NwGoldg
Cisco
Nexeng
Rentech
Intel
HMG
Galectin UN
GeoEye
Sisco
Phazar
Medgenics
Fries
FritSeas
NY Harbor
London
LME
N.Y
Handy & Harman
N.Y. Mer
N.q
N.a
At&t Inc
PNM Res
BiofAm
PepsiCo
Boeing
Pfizer
Chevron
SwstAirs
TriContl Ale
Fordm
VerizonCm
Hewlett P
WalMart
HollyFrts
WashFed
WellsFargo
XcelEngy
Apple used phantom taxes to hide billions in profit
Apple faces second quarter results with expected net income around 9.8 billion while maintaining offshore profits. Analysts say phantom tax liabilities could boost three year profits by up to 10.5 billion, with funds parked overseas totaling 74 billion, fueling debate on U.S. tax policy and corporate practices.
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Apple
New York
Apple Inc
Associated Press
U.S
Paris
Sydney
United States
Caribbean
Robert Willens
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