BP is paying Devon Energy $7 billion for oil and gas assets in Brazil, the Gulf of Mexico and Azerbaijan.

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BP Gains Access to Brazilian Offshore Fields
BP is paying Devon Energy $7 billion for oil and gas assets in Brazil, the Gulf of Mexico and Azerbaijan.

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BP Gains Access to Brazilian Offshore Fields
The International Air Transport Association said passenger traffic was increasing due to a stronger-than-expected economic recovery in emerging markets.

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Airline Group Halves Forecast for Losses in 2010
The year-on-year rise in February was partly attributable to the Lunar New Year holiday but also to rising inflationary pressures in China’s economy.

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Chinese Consumer Prices Rose 2.7 Percent
Asian stocks fell on Thursday as investors fretted over tighter monetary policy in China on the back of strong loan growth and quickening inflation.

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Asian Stocks Drop After China Inflation and Lending Data
A report to be released Friday questions the Bush administration’s decision to rescue “a company that apparently posed no systemic risk to the financial system.”

Despite efforts to get drivers to stop texting, police officers and paramedics use an array of dashboard gadgets.

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Driven to Distraction: Distracted Driving in Ambulances and Police Cruisers
The main purpose of the agency, sometimes referred to as the National Institute of Finance, would be to flag problems in the industry before they spread and threaten the wider economy.

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Bill to Include Agency That Tracks Financial Risk
Charles Allen was named executive chairman of EMI Music. He replaces Elio Leoni-Sceti, who is leaving the company.

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EMI Music Names a New Chief
Gary Gensler, head of the Commodity Futures Trading Commission, is the leading contender to oversee the instruments that played a key role in the financial crisis.

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Gary Gensler’s Conversion to Financial Reformer
Boeing will now have some welcome certainty about its future as a major builder of military aircraft.

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Northrop Withdrawal Brightens Boeing’s Future