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03/20/2010 02:08 AM |
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Dow snaps eight-session streak as commodities weigh |
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NEW YORK (Reuters) - The Dow industrials snapped an eight-session winning streak on Friday, as renewed worries about Greece sparked a climb in the dollar and weighed on U.S. stocks.
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03/20/2010 01:53 AM |
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Icahn offers to buy Lions Gate as MGM bid looms |
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LOS ANGELES/NEW YORK (Reuters) - Billionaire investor Carl Icahn offered on Friday to buy Lions Gate Entertainment Corp , in a move designed to forestall the studio's expected bid for storied rival Metro-Goldwyn-Mayer Inc .
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03/19/2010 11:28 PM |
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Banks' fourth quarter trading revenue falls 66 percent |
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NEW YORK (Reuters) - Trading revenue at U.S. commercial banks fell 66 percent in the fourth quarter, the Office of the Comptroller of the Currency said on Friday, as uncertainty over pending derivatives legislation added to a seasonal slowdown in trading.
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03/19/2010 11:41 PM |
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Boeing speeds production boosts on market outlook |
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CHICAGO (Reuters) - Boeing Co said on Friday it will accelerate planned increases in production of two of its popular wide-body planes to accommodate heightened demand from airlines that had curbed orders in the last two years because of the economic crisis.
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03/19/2010 09:50 PM |
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Senate to remove "backdoor bailouts" from bill |
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ORLANDO, Florida (Reuters) - The U.S. Senate Banking Committee will remove a provision from the financial reform bill that bank regulator Sheila Bair said could allow for "backdoor bailouts," a panel spokeswoman said on Friday.
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03/20/2010 02:37 AM |
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Wal-Mart to slash grocery prices |
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SAN FRANCISCO (Reuters) - Wal-Mart Stores Inc will cut food prices and mount a new ad campaign over the next six weeks, a threat to other U.S. grocers that sent an industry shares index down more than 2 percent on Friday.
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03/20/2010 01:36 AM |
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JPMorgan CEO Dimon's 2009 salary $1.32 million |
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NEW YORK (Reuters) - JPMorgan Chase & Co , the second-largest U.S. bank, paid Chief Executive Jamie Dimon $1.32 million in salary and extra compensation in 2009, according to the company's proxy filing.
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03/20/2010 02:12 AM |
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House GOP calls for Fannie, Freddie phase out |
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WASHINGTON (Reuters) - Republicans in the House of Representatives on Friday recommended the country's top two mortgage finance companies, the recipients of a massive government bailout during the height of the financial crisis, be phased out in four years in order to restore stability to the housing market.
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03/20/2010 02:55 AM |
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Court orders Fed to release bailout documents |
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NEW YORK (Reuters) - In a significant victory for news media, a federal appeals court said the Federal Reserve must disclose records on emergency lending programs to banks bailed out by the government in the financial crisis.
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03/20/2010 01:56 AM |
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EU seeks firm Greek aid plan |
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BRUSSELS/ATHENS (Reuters) - The European Union's monetary affairs chief urged the bloc's leaders on Friday to agree a standby aid package for Greece next week but France and Germany struck different notes and the euro slid.
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