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The Galveston County Daily News : Business

October 2, 2014

Business

Top Story

German insurer Allianz appoints new CEO

BERLIN (AP) — German insurer Allianz SE says board member Oliver Baete will take over as chief executive in May when current CEO Michael Diekmann steps down after more than a decade in charge.

  • icon Posted: October 02

Latest Headlines

Thursday 10/02/2014
US stocks stabilize after plunge; McCormick gains
Posted: October 02, 2014

NEW YORK (AP) — U.S. stocks are stabilizing a day after a plunge.

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Russia dims hopes for European auto rebound
Posted: October 02, 2014

PARIS (AP) — Troubles in Russia's once-booming car market are dampening spirits at the Paris Motor Show.

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3Q review: Mutual funds take a summer break
Posted: October 02, 2014

NEW YORK (AP) — Take a breath.

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Obama steps away from global crises to talk jobs
Updated: October 02, 2014 - 9:04 am

CHICAGO (AP) — While Washington's attention was focused on a Secret Service scandal, President Barack Obama slipped away for an overnight trip to his family home in Chicago and a speech Thursday to assure voters he is still focused on the economy.

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Applications for US jobless benefits drop to 287K
Updated: October 02, 2014 - 9:04 am

WASHINGTON (AP) — The number of people seeking U.S. unemployment benefits dropped 8,000 last week to a seasonally adjusted 287,000, as the total number of beneficiaries dropped to its lowest level in more than eight years.

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Buffett praises changes to Coca-Cola pay plan
Posted: October 02, 2014

OMAHA, Neb. (AP) — Investor Warren Buffett is praising the changes Coca-Cola made to its executive compensation plan after he and other investors criticized it.

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Buffett's Berkshire Hathaway buys auto dealer
Updated: October 02, 2014 - 9:04 am

OMAHA, Neb. (AP) — Warren Buffett is getting into the automobile sales business.

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Lawmakers grill new EU economy chief amid doubts
Updated: October 02, 2014 - 9:04 am

BRUSSELS (AP) — European lawmakers on Thursday grilled the 28-nation bloc's incoming economy chief, Pierre Moscovici, because many fear he cannot be trusted to properly enforce rules limiting government deficits.

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