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Business News Archive - September 05, 2009

The University of Wisconsin has dropped sponsorship agreements with two beer companies and commercials for beer during football radio broadcasts. Vince Sweeney, a former athletics official and now a university vice chancellor, told the Milwaukee Journal the deals with MillerCoors and Anheuser-Busch InBev brought in about $425,000 a year.

The U.S. government has released outlines of a plan requiring too-big-to-fail banks to carry more capital reserves to avoid future bailouts, analysts say. The U.S.

The number of jobless U.S.

Britain and France disagree on how to limit big bonuses for bankers, which both countries hold partially responsible for the financial crisis, analysts say. Finance ministers were meeting in London Saturday in a preparatory session for this month's Group of 20 summit in Pittsburgh, where a top agenda item will be huge bonuses given to investment bankers, the BBC reported. British Prime Minister Gordon Brown opened the meeting saying: Pay and bonuses cannot reward failure or encourage unacceptable risk-taking, The Times of London reported.

The third quarter will mark the end of the recession as the Russian economy will grow, the country's finance minister says. In London Friday to attend a ministerial meeting of the BRIC union countries -- Brazil, Russia, India and China -- on the sidelines of a Group of 20 pre-summit conference, Russian

The United States views a preliminary ruling that the European Union gave illegal subsidies to Airbus as a clear win for U.S. manufacturer Boeing, sources said. Unnamed sources who had been briefed by U.S.

Word of the Day
grass-comber
  • A landsman who is making his first voyage at sea; a novice who enters naval service from rural life.
According to the OED, a grass-comber is also 'a sailor's term for one who has been a farm-labourer.'