Subject: This Morning's Headlines: Page becomes Google chief executive, Four to leave H...
From: "Financial Times Briefing" <[email-masked]>
To: <[email-masked]>
Date: Fri, 21 Jan 2011 08:02:00 -0500

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ft.com/briefings 
FINANCIAL TIMES - Morning headlines
http://link.ft.com/r/P75VYY/FX0NWZ/MEAC8/S3KDK9/FXB8VG/LE/t?a=2011&b=1&c=21

Friday January 21 2011 

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Financial Times - US homepage
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Page becomes Google chief executive
Google unveiled a shake-up in the unusual executive triumvirate that has led the company over the past decade, shifting co-founder Larry Page into the role of chief executive. 
Read more >> 
http://link.ft.com/r/P75VYY/FX0NWZ/MEAC8/S3KDK9/D4TB01/LE/t?a1=2011&a2=1&a3=21

Four to leave Hewlett-Packard board in revamp
Hewlett-Packard added five new directors to its board, giving majority control of the world’s top-selling technology company to people who weren’t involved in the controversial August ouster of chief executive Mark Hurd. 
Read more >> 
http://link.ft.com/r/P75VYY/FX0NWZ/MEAC8/S3KDK9/S35WIZ/LE/t?a1=2011&a2=1&a3=21

Hu defends Beijing’s currency policy
Hu Jintao, China’s president, defended Beijing’s currency policy, telling a business audience in Washington that the Chinese economy had helped create 14m jobs around the world through its growing imports 
Read more >> 
http://link.ft.com/r/P75VYY/FX0NWZ/MEAC8/S3KDK9/NS2ZWG/LE/t?a1=2011&a2=1&a3=21

Wobble over as European traders spy value
A more sober assessment of global growth prospects encourages selective buying of battered assets, with equities up slightly and commodities showing signs of stabilising 
Read more >> 
http://link.ft.com/r/P75VYY/FX0NWZ/MEAC8/S3KDK9/PRZMKL/LE/t?a1=2011&a2=1&a3=21

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Financial Times - Financial markets news
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Strong Ifo lifts euro to two-month dollar high
German business sentiment index hits highest level since 1991 reunification, helping the euro make gains while weaker-than-forecast retail sales data weigh on the pound 
Read more >> 
http://link.ft.com/r/P75VYY/FX0NWZ/MEAC8/S3KDK9/HD8OAS/LE/t?a1=2011&a2=1&a3=21

Bargain-hunting ends sell-off in London
RBS tops the Footsie on hopes it will exit from the UK’s asset protection scheme, while demand for banks and miners supports the wider index as risk appetite returns 
Read more >> 
http://link.ft.com/r/P75VYY/FX0NWZ/MEAC8/S3KDK9/269JP5/LE/t?a1=2011&a2=1&a3=21

China tightening fears keep Asian stocks under pressure
Equities move lower, with commodity shares extending losses, on renewed concerns that Beijing may take further tightening measures to fight inflation and slow economic growth 
Read more >> 
http://link.ft.com/r/P75VYY/FX0NWZ/MEAC8/S3KDK9/QF75DC/LE/t?a1=2011&a2=1&a3=21

Record amounts withdrawn from US muni funds
The municipal bond market experienced outflows of $4bn as industry and fiscal analysts urged that concerns about the stress on state and local government finances was overblown 
Read more >> 
http://link.ft.com/r/P75VYY/FX0NWZ/MEAC8/S3KDK9/A7UL8X/LE/t?a1=2011&a2=1&a3=21

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Financial Times - World
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S Korean forces retake hijacked ship
South Korean special forces have freed a hijacked chemical freighter in the Indian Ocean, killing eight Somali pirates and countering fears that South Korea’s ships are becoming a soft target for massive ransoms 
Read more >> 
http://link.ft.com/r/P75VYY/FX0NWZ/MEAC8/S3KDK9/EWHGCR/LE/t?a1=2011&a2=1&a3=21

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FT.com - US
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Blair backed US despite advice on Iraq 
The former prime minister braces himself for a testy encounter as he again defends his decision for military action against Saddam Hussein's regime to the Chilcot inquiry 
Read more >> 
http://link.ft.com/r/P75VYY/FX0NWZ/MEAC8/S3KDK9/8A3UB9/LE/t?a1=2011&a2=1&a3=21

GE chief to head Obama economic panel
Jeffrey Immelt will lead a new council which will work to find ways to encourage businesses to hire and invest in US competitiveness 
Read more >> 
http://link.ft.com/r/P75VYY/FX0NWZ/MEAC8/S3KDK9/ZBIQF2/LE/t?a1=2011&a2=1&a3=21

California declares fiscal emergency
Jerry Brown, the governor of the most populous US state wants to press lawmakers to tackle the $25.4bn budget gap and act on his plan to balance the books by March 
Read more >> 
http://link.ft.com/r/P75VYY/FX0NWZ/MEAC8/S3KDK9/6VF3TX/LE/t?a1=2011&a2=1&a3=21

Hu defends Beijing's currency policy
Hu Jintao, China's president, defended Beijing's currency policy, telling a business audience in Washington that the Chinese economy had helped create 14m jobs around the world through its growing imports 
Read more >> 
http://link.ft.com/r/P75VYY/FX0NWZ/MEAC8/S3KDK9/RNM4YO/LE/t?a1=2011&a2=1&a3=21

US jobless claims lift labour market hopes
The US labour market showed a welcome sign of improvement on Thursday when government figures showed new claims for jobless benefits falling sharply 
Read more >> 
http://link.ft.com/r/P75VYY/FX0NWZ/MEAC8/S3KDK9/269JP0/LE/t?a1=2011&a2=1&a3=21

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FT.com - Companies US & Canada
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IPO fees 
America's investment banking "bulge bracket" feels the squeeze as fees finally beging to drop   
Read more >> 
http://link.ft.com/r/P75VYY/FX0NWZ/MEAC8/S3KDK9/WLKYSK/LE/t?a1=2011&a2=1&a3=21

Google: turning the page
Google chief executive, Eric Schmidt, plans to spend more of his days trying, hopelessly, to make a dent in his fortune. 
Read more >> 
http://link.ft.com/r/P75VYY/FX0NWZ/MEAC8/S3KDK9/EWHGCT/LE/t?a1=2011&a2=1&a3=21

Fifth Third raises funds to repay Tarp
Fifth Third, a leading Midwestern bank, sold $1.7bn in shares to help repay funds the US Treasury lent it during the financial crisis 
Read more >> 
http://link.ft.com/r/P75VYY/FX0NWZ/MEAC8/S3KDK9/9ZP1G5/LE/t?a1=2011&a2=1&a3=21

KKR and other bidders circle Warner Music
Warner Music has been approached by Kohlberg Kravis Roberts and two other potential bidders for some or all of the US music group, according to two people familiar with the matter 
Read more >> 
http://link.ft.com/r/P75VYY/FX0NWZ/MEAC8/S3KDK9/RNM4Y1/LE/t?a1=2011&a2=1&a3=21

Four to leave Hewlett-Packard board in revamp
Hewlett-Packard added five new directors to its board, giving majority control of the world's top-selling technology company to people who weren't involved in the controversial August ouster of chief executive Mark Hurd.  
Read more >> 
http://link.ft.com/r/P75VYY/FX0NWZ/MEAC8/S3KDK9/YHYERW/LE/t?a1=2011&a2=1&a3=21

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(c)THE FINANCIAL TIMES LTD 2011

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