Business News
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- Asia Markets: Asian auto stocks rise, ignoring weak U.S. sales
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Shares of Japanese and South Korean automakers broadly advanced Tuesday, as investors shrugged off a dismal U.S. sales report for December.
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- MarketWatch - 1h ago
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- Navistar Investors See Hope Down The Road
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Engine maker's shares rally despite weak outlook for 2009.
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- Forbes - 42m ago
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- Prosecutors seek to jail Madoff
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NEW YORK/WASHINGTON (Reuters) - U.S. prosecutors asked a judge to jail accused swindler Bernard Madoff on Monday, saying he sent jewelry and other items worth more than $1 million to family and friends in violation of his bail.
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- Reuters - 3h ago
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- Steve Jobs addresses his health issues
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- CNNMoney - 5h ago
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- Ex-eBay CEO Whitman eyeing run for California governor
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SAN FRANCISCO (Reuters) - Former eBay Inc Chief Executive Meg Whitman has resigned from three corporate boards for personal reasons, a turn-of-the-year move that would free her to run for governor of California.
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- Reuters - 7h ago
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- Obama: Act now on 'very sick' economy
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President-elect Barack Obama, citing conditions that are becoming "very dire for American families," pressed leaders of both ...
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- USA Today Money - 54m ago
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- U.S. considers costly switch to international accounting rules
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In a regulatory sea change that could cost billions of dollars, thousands of U.S. companies plus foreign corporations that do ...
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- USA Today Money - 54m ago
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- Tyson Foods CEO Dick Bond leaves company
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CHICAGO (Reuters) - Tyson Foods Inc Chief Executive Dick Bond said on Monday that he was leaving the No. 1 U.S. meat company, effective immediately.
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- Reuters - 12h ago
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- Netflix Piping Into LG
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Electronics maker to sell TV model that can stream videos from Internet.
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- Forbes - 1h ago
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- Tyson CEO Gets Sliced
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Meat producer shows Dick Bond the door.
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- Forbes - 1h ago
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- Big Year Coming For Bonds
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U.S. Treasury is set to issue a massive amount of new debt.
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- Forbes - 2h ago
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- Latin American Markets: Brazil bounces 3% higher; Mexican shares eases
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Strength in materials and energy stocks as prices for crude oil rallied helped pull most of Latin America's equity markets higher Monday.
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- MarketWatch - 2h ago
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- Pricing Pains For AK Steel
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Specialty steel maker introduces surcharge due to rise in input costs.
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- Forbes - 3h ago
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- Chesapeake Collects Cash
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Liquidity concerns motivate sale of natural gas assets to group of private investors.
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- Forbes - 4h ago
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- Monaco Gets Coaching On Options
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RV maker retains financial adviser to help it review strategic alternatives.
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- Forbes - 4h ago
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- Oil steady above $48 on MidEast, Russian tensions
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SINGAPORE (Reuters) - Oil was steady above $48 on Tuesday after rising 5 percent overnight, as Israel's deepening incursion into Gaza and a spat between Russia and Ukraine over gas prices stoked fears of severe supply disruptions.
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- Reuters - 1h ago
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- Economic impact on Syracuse, N.Y., home market is muted
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Syracuse escaped the sharp highs and lows of the housing boom and bust. The severe downward slide in home sales slammed other ...
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- USA Today Money - 1h ago
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- Mark Hulbert: One year rankings not worth betting on
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The gnomes working tirelessly at the Hulbert Financial Digest have completed their calculations of newsletters' returns through the end of 2008.
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- MarketWatch - 2h ago
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- Company cost cuts put limits on business travelers
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With the economy in full swoon, more corporate travel departments are requiring cost-saving measures. Employees are increasingly ...
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- USA Today Money - 2h ago
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- General Mills puts its weight behind NBC's 'Biggest Loser'
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The seventh edition of NBC's The Biggest Loser begins tonight with new licensing tie-ins and General Mills as a first-time ...
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- USA Today Money - 2h ago
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- Cars outsell trucks in rough year
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The final numbers are in, and it's official: 2008 was a crummy year to sell cars. Not only did sales fall off a cliff, but consumer ...
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- USA Today Money - 3h ago
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- Car sales plunge heralding bleak 2009
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DETROIT (Reuters) - U.S. auto sales plunged by 36 percent in December led by outsized declines at Chrysler LLC, Hyundai Motor and Toyota Motor Corp as the battered industry closed out its weakest year since 1992 in its largest single market.
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- Reuters - 3h ago
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- Wall Street Can't Shake Losses
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The major indices close Monday in shallow negative territory despite an afternoon push higher as investors took in auto sales and construction spending data.
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- TheStreet - 7h ago
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- Laid off? Hyundai will take your car back
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Hyundai Motor America is taking aim at Americans' worries about job security: If you buy a new Hyundai and lose your job within a year, you can give it back.
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- CNNMoney - 10h ago
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- Cigna to cut 1,100 jobs, citing weak economy
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LOS ANGELES (Reuters) - Health insurer Cigna Corp said on Monday it will cut 1,100 jobs, or about 4 percent of its workforce, and consolidate certain operations as it copes with the economic downturn.
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- Reuters - 6h ago
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- Treasury invests another $15 billion in seven banks
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The U.S. Treasury Department says it recently invested another $15 billion in seven banks as the government continues to try to reinvigorate lending and revive the economy.
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- MarketWatch - 6h ago
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- Bankruptcy Filings Jump By One-Third in 2008
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The number of filings broached the one million number, but is still about half of the 2005 number, due to a change in law that year.
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- TheStreet - 7h ago
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- Ford ends year with big sales drop in December
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Ford Motor Co. reports that December U.S. vehicle sales were cut by a third from a year ago, bringing the total decline for 2008 to 20.7% and closing the books on one of the toughest years the domestic industry has ever seen.
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- MarketWatch - 10h ago
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- Stocks to Open Mixed in 2009's First Full Trading Week
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Investors are tiptoeing into the first full week of the year, as premarket trading is mixed ahead of readings on auto sales and construction spending.
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- TheStreet - 14h ago
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- Crystal Maker Waterford Wedgwood Collapses
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The company is the latest of a number of British icons to suffer from the global slowdown.
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- TheStreet - 14h ago
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- Bob Iger rocks Disney
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Bob Iger is inside the Royal Festival Hall in London on a September afternoon, geeking out with some young guys about two of his favorite things: tunes and technology. The CEO of Walt Disney Co. pulls out his iPhone and thumbs through his playlists, looking for a particular live...
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- CNNMoney - 14h ago
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- Global car sales fall by double digits
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Read full story for latest details.
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- CNNMoney - 14h ago
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- Oil Prices Supported Above $46 a Barrel
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The price of a barrel of oil traded above $46 Monday on evidence that OPEC production cutbacks were taking hold and news of more unrest in oil-rich Nigeria.
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- TheStreet - 14h ago
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- Jennifer Openshaw: Five unforgettable predictions from 2008 that were dead wrong
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In 2008, we certainly learned why some folks shouldn't try to make predictions about the economy.
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- MarketWatch - 4h ago
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- LG TVs to Stream Netflix Videos Directly
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LG Electronics plans to begin selling high-definition TV sets that stream Netflix videos directly from the Internet, without an additional device.
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- TheStreet - 14h ago
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- Samsung says no decision yet on chip investment plan
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SEOUL (Reuters) - Samsung Electronics, the world's largest maker of memory chips, denied a report saying it may cut its 2009 investment in semiconductors by more than half from last year amid a lingering downturn.
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- Reuters - 14h ago
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- House to Query SEC Watchdog About Madoff
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A House committee will question the SEC's internal watchdog as to why the SEC failed to detect an alleged $50 billion investment fraud by Bernard Madoff.
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- TheStreet - 14h ago
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- Truck maker Navistar provides soft 2009 forecast
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Truck maker Navistar International Corp. provided a soft 2009 forecast on Monday, citing a weak demand in North America where sales volumes are expected to remain near 30-year lows.
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- MarketWatch - 14h ago
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- Endo Shifts Gears With Indevus
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The first biopharma acquisition of the year as the industry consolidates.
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- Forbes - 6h ago
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- Citgo suspends low-income heating oil assistance program
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Citgo has suspended its free heating oil program for low-income residents, Citizens Energy Chairman Joseph Kennedy announced ...
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- USA Today Money - 10h ago
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- Borders replaces CEO amid weak sales
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Read full story for latest details.
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- CNNMoney - 13h ago
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- U.S. may take common equity stakes in banks, UBS says
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The U.S. government may take common equity stakes in banks in another effort to boost lending and revive the economy, UBS analysts say.
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- MarketWatch - 10h ago
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- Neff goes bargain hunting
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John Neff feels your pain. The legendary money manager, 77, beat the S&P 500 by an average of more than three percentage points a year during his 31-year run at Vanguard's Windsor fund. He has been investing his own money since retiring in 1995. Ever a contrarian, he has...
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- CNNMoney - 14h ago
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- Piling On: New Trade Data Requirements
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In the name of security, new regulations affecting shipments to the U.S. are enacted. Importers need to learn how to cope.
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- TheStreet - 14h ago
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- Bank loan losses may double by 2010-end: Deutsche
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(Reuters) - Loan losses for U.S. commercial banks are expected to rise to 3 percent by the end of 2010, from 1.5 percent in the third quarter of 2008, hurt by an increased percentage of bad loans, greater consumer leverage and faster problem recognition by banks, Deutsche Bank...
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- Reuters - 12h ago
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- Fed starts program to buy illiquid mortgage assets
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The Federal Reserve Bank of New York announces it has begun buying illiquid mortgage-backed securities guaranteed by Fannie Mae and Freddie Mac and Ginnie Mae as part of an earlier announced $500 billion program. .
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- MarketWatch - 13h ago
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- New Year, New Outlook For Oil
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Recession fatigue is setting in; now, geopolitics, and supply worries are likely to start to have an effect on prices.
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- Forbes - 14h ago
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- Pfizer Open to Buying Drug Rivals: Report
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Drug company Pfizer is willing to acquire a large rival to improve its financial health, a report says.
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- TheStreet - 14h ago
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- Gas prices rise for the first time in 16 weeks
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Gasoline prices have risen for the first time in 16 weeks as higher crude oil costs were reflected at the pump, the government ...
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- USA Today Money - 4h ago
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- Therese Poletti's Tech Tales: Macworld won't be the same without Apple or Steve Jobs
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SAN FRANCISCO (MarketWatch) - Shareholders deserve more information than what Apple Inc. chief executive Steve Jobs was willing to disclose about his health Monday.
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- MarketWatch - 6h ago
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