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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Regulator seeks comment on Westpac/St George deal

SYDNEY | Wed Jul 23, 2008 1:41am EDT

SYDNEY (Reuters) - The Australian competition regulator sought further information on Westpac Banking Corp's (WBC.AX) proposed A$16.2 billion ($15.7 billion) takeover of smaller rival St George Bank Ltd SGB.AX.

The Australian Competition and Consumer Commission said competition issues have arisen in its initial inquiries.

($1=A$1.03)

(Reporting by Denny Thomas)
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