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Transcripts For CNNW World Business Today 20110520



tepco bows out as the world s largest energy company pays a record price. and they double on their market debut. ceo jeff weiner tells us there s no trouble in the media sector. we begin with the former imf managing director, strauss-kahn, who s expected to walk out of jail in a few hours from now, but he will not be a free man. the judge granted him bail on thursday but with strict conditions and a warning. and even as the judge was approving the bail request, grand jury indicted strauss-kahn on multiple felony charges including attempted rape. he s accused of attacking a maid last saturday at a manhattan hotel. he denies it. he has to post a $1 million in cash and a $5 million bond. he also has to agree to a 24-hour confinement and an armed guard at the door. he has to surrender his travel documents and agree to wear a monitoring device. the judge said, quote, we don t want his money. we just want to make sure that he comes back. so the top job of the imf has ....

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Detailed text transcripts for TV channel - CNN - 20110520:08:04:00

Can you hold the job? richard, my term ends on august 31st, and it s i had already announced prior to these events my intention to retire from at that time. but the important thing is not personalities. the important thing is that the work of the fund needs to carry on. it s important work. and let me just note, richard, that i m the first-step managing director. all three of us have spent positions as managing director so this is perfectly normal. the acting managing director john lipsky speaking with richard quest. many say the replacement should be one of their own. ....

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