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AIG sells Alico unit to MetLife for $15.5 billion (AP)
AP - American International Group will sell its overseas life and health insurance unit for $15.5 billion to MetLife Inc., the insurer said Monday, as it attempts to repay billions in government aid.

World stocks up as US job data lift recovery hopes (AP)

AP - World stock markets gained Monday as a better-than-expected report about the U.S. job market lifted confidence in the economic recovery.

ABC returns to Cablevision, but talks go on (AP)

A Cablevision sign is seen in New York, Sunday, March 7, 2010. Cablevision subscribers were scrambling Sunday to hook up antennas or find live TV on the Internet in order to watch the Academy Awards after ABC's parent company Walt Disney Co. switched off its signal in a dispute over fees. (AP Photo/Seth Wenig)

AP - Cablevision and ABC were negotiating a deal Monday that tentatively ended a dispute over fees and restored millions of viewers' access to the Academy Awards telecast in New York, New Jersey and Connecticut shortly after the broadcast began.

Arrow Energy gets $3 billion takeover bid (AP)

AP - Arrow Energy Ltd. said Monday that a company jointly owned by Royal Dutch Shell and PetroChina has sent it a takeover bid worth $3.3 billion Australian dollars ($3 billion).

Portugal austerity plan has no wage cuts, tax hikes: reports (Reuters)

Reuters - Portugal's long-term budget austerity plan encompasses spending cuts via reducing tax breaks and containing public sector wages, but entails no Greece-style wage cuts or tax hikes, local media said on Sunday.

China banker says local govt debt may be bank risk (AP)

AP - China's banks might face risks if finance arms set up by local governments to invest in real estate and infrastructure projects cannot repay heavy borrowing, a deputy central bank governor said Monday.

A Fresh Look at Socially Responsible Mutual Funds (U.S. News & World Report)

U.S. News & World Report - Most socially responsible mutual funds are born of a desire to help the environment, slow the spread of violence, or boycott certain practices. Parnassus Workplace (PARWX), on the other hand, sprang from between the covers of Fortune magazine.

Haiti rebuilding plan expected this week (Reuters)

Reuters - Government planners and international experts are racing to produce a blueprint this week to reconstruct Haiti's economy after the earthquake that killed up to 300,000 people and devastated its infrastructure.

Blount International 4Q earns drop 6 percent (AP)

AP - Blount International Inc., which makes chains for saws, said Friday that its fourth-quarter earnings fell 6 percent as one-time costs outweighed a gain in sales.

Yahoo! News: Business News Mon, 08 Mar 2010 12:06:26 GMT