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WikiLeaks: Saudis running out of oil

By Brett Michael Dykes The latest startling revelation to come via documents leaked to Julian Assange’s muckraking website and published by The Guardian is should give pause to every suburban SUV-driver: U.S. officials think Saudi Arabia is overpromising on its capacity to supply oil to a fuel-thirsty world.   That sets up a scenario, the documents […]

AOL to buy The Huffington Post for $315m

By Agency Reporter Wednesday, 9 Feb 2011 WASHINGTON/NEW YORK: AOL Incorporation will buy Arianna Huffington’s influential website for $315m, looking to the high-profile liberal pundit to rescue it from the dustbin of Internet history. The move, announced on Monday, comes at a hefty premium. AOL is estimated to be paying 32 […]

Activities close negative as index dips by 1%

By Udeme Ekwere Wednesday, 9 Feb 2011 Selling activities depressed trading volume on the Nigerian Stock Exchange on Tuesday as key indices continued on a downward slide. Specifically, the NSE’s All-Share Index dropped by one per cent or 259.31 basis points to close at 26,413.26, down from 26,672.57 recorded on Monday. […]