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03/10/2010 08:45 PM |
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Wholesale inventories fall while sales increase
(AP) |
AP - Businesses trimmed inventories at the wholesale level again in January even though sales rose for a 10th consecutive month. The dip in inventories underscored that businesses remain cautious about restocking their depleted shelves.
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03/10/2010 09:10 PM |
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Stocks rise after inventories fall but sales gain
(AP) |
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 AP - Stocks edged higher Wednesday after the government said businesses trimmed their inventories again in January.
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03/10/2010 08:50 PM |
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Terra favoring CF over Yara in buyer battle
(AP) |
AP - Fertilizer company Terra Industries said Wednesday its board favors a bid to be acquired by CF Industries instead of a previous agreement with Norway's Yara.
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03/10/2010 08:29 PM |
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Runaway Prius driver: Brakes were 'almost burned'
(AP) |
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 AP - Before he called 911, James Sikes says he reached down with his hand to loosen the "stuck" accelerator on his 2008 Toyota Prius, his other hand on the steering wheel. The pedal didn't move.
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03/10/2010 06:00 PM |
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Senate to pass jobless aid, business tax breaks
(AP) |
AP - Legislation blending help for the jobless with popular tax breaks for businesses and individuals is slated to pass the Senate Wednesday over protests from conservatives who say it adds too much to the $12.5 trillion national debt.
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03/10/2010 05:15 PM |
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Bank of America ends overdraft fees on debit cards
(AP) |
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 AP - Bank of America customers will soon be unable to spend more than they have in the accounts linked to their debit cards. It's a step that may become a common move ahead of new regulations limiting overdraft fees.
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03/10/2010 01:45 AM |
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U.S. SEC's chief economist to leave agency March 31
(Reuters) |
Reuters - The U.S. Securities and Exchange Commission's chief economist, James Overdahl, will be leaving at the end of the month, he said on Tuesday.
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03/10/2010 07:55 PM |
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Brown says UK to maintain AAA credit rating
(Reuters) |
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 Reuters - Prime Minister Gordon Brown said on Wednesday he believed Britain would maintain its coveted top credit rating and announced a pay freeze for senior civil servants and military officers to help tame a record deficit.
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03/10/2010 09:15 PM |
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Presstek posts larger 4Q loss but trims costs
(AP) |
AP - Digital printing products maker Presstek Inc. posted a larger fourth-quarter loss Wednesday as revenues sank, though it said its overall financial position has grown stronger.
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03/10/2010 07:23 PM |
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Turkey, IMF end loan talks
(AP) |
AP - Turkey says it and the International Monetary Fund have mutually agreed to call off talks for a loan.
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03/10/2010 02:17 PM |
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Nationalized UK bank Northern Rock back in profit
(AP) |
AP - Nationalized mortgage lender Northern Rock said Wednesday that it returned to profit in the second half of 2009 as interest income rose and losses on loans fell.
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03/10/2010 08:50 PM |
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Turkish PM rules out IMF stand-by deal
(AFP) |
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 AFP - Turkey will not sign a loan stand-by deal with the IMF as it does not need emergency funds, the premier said Wednesday, ending nearly two years of talks dogged by disagreement on key issues.
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03/10/2010 06:18 AM |
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Dollar General sues rival chain over colors
(AP) |
AP - Dollar General Corp. has filed a federal lawsuit against rival discount chain Fred's Inc., claiming the smaller company is using its trademark yellow and black colors.
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03/10/2010 01:11 AM |
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Commercial delinquency lower than other mortgages
(AP) |
AP - Commercial mortgages were among the best-performing loans and leases held by banks and thrifts in the fourth quarter of last year, the Mortgage Bankers Association said Tuesday.
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03/10/2010 08:20 PM |
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OPEC raises 2010 oil demand forecast
(AP) |
AP - World oil demand is projected to grow by 900,000 barrels per day in 2010, OPEC said Wednesday, revising up its previous month's forecast while cautioning that the increase is hinged on a sustained global economic rebound, particularly in the United States.
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03/10/2010 08:13 PM |
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Daimler trucks sees market turnaround in 2010
(AP) |
AP - German car and truckmaker Daimler AG says it expects a turnaround in the global truck market and an improvement in the truck division's 2010 earnings before interest and taxes.
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03/10/2010 06:38 PM |
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Real Estate's Link to the Small Business Credit Crunch
(BusinessWeek) |
BusinessWeek - It's no secret that small businesses in the U.S. face difficulties accessing credit. According to a survey of a random sample of 751 small businesses conducted by Gallup at the end of 2009 for the National Federation of Independent Business Research Foundation, 44% of small businesses seeking credit in 2009 received only some or none of the money they sought. This level of credit access compares poorly with mid-2000, when nine of every 10 companies seeking credit received it. While there is broad agreement that a small business credit problem exists, there is less consensus about its causes. ...
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