Wall Street slides on rising Europe worries

NEW YORK - Rising bond yields in Italy and a bank crisis in Spain dragged Wall Street lower on Wednesday as Europe's financial woes continued to dictate the direction of U.S. stocks. | Video

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Small businesses hire fewer workers in May

WASHINGTON - Small businesses hired fewer workers in May and cut hours for those on their payrolls, an independent survey showed on Wednesday, raising prospects of another disappointing employment report.

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China denounces EU airline carbon law, seeks talks

BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.

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Gazprom to buy control of TNK-BP: report

MOSCOW | Thu Apr 24, 2008 8:06am EDT

MOSCOW (Reuters) - Russia's gas export monopoly Gazprom (GAZP.MM) will buy control of oil major TNK-BP TNBPI.MM, which is half owned by BP (BP.L), for $20 billion by the end of the year, the Vedomosti daily reported on Thursday.

The report cited unidentified sources close to the management of both companies.

(Reporting by Simon Shuster, Editing by Guy Faulconbridge)
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