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Rothschild star, Buffett banker circle Cadbury
Published Saturday, Nov. 21, 2009
Akeel Sachak, global head of the consumer team at Rothschild, may get a seat at the table for this year's sweetest deal after all.
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U.S. Q3 seen revised down on widening trade deficit
Published Saturday, Nov. 21, 2009
The U.S. economy's return to growth in the third quarter was less brisk than previously thought as the trade deficit worsened and companies still aggressively cut inventories, a Reuters survey predicted.
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Black Friday deals may not signal retail comeback
Published Saturday, Nov. 21, 2009
When the U.S. holiday shopping season kicks off on the day after Thanksgiving, retailers can expect to see millions of less frightened but even more bargain hungry customers cross their thresholds.
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Existing home sales seen at highest since July 2007
Published Saturday, Nov. 21, 2009
Sales of existing U.S. homes likely rose for second consecutive month in October, reaching their highest level since July 2007, according to a Reuters poll, as buyers scrambled to take advantage of greater affordability and a first-time home buyer tax credit.
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Cautious optimism as job losses slow
Published Saturday, Nov. 21, 2009
The pace of job losses slowed in many U.S. states in October, and the unemployment rate slipped in hard-hit Michigan, the Labor Department said on Friday, hinting the recession may be easing in some areas.
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Dell results miss expectations, shares drop
Published Friday, Nov. 20, 2009
Dell Inc's quarterly profit plunged 54 percent on lower-than-expected revenue as its sales to large businesses suffered, driving its shares down 6 percent.
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Two Fed "hawks" see no immediate inflation threat
Published Friday, Nov. 20, 2009
U.S. Federal Reserve officials on Thursday said inflation is not an imminent threat and downplayed the consequences of the falling U.S. dollar.
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Geithner, under fire, defends AIG bailout
Published Friday, Nov. 20, 2009
U.S. Treasury Secretary Timothy Geithner defended on Thursday the costly bailout of insurer AIG and urged swift regulatory reform to safeguard the economy from the failure of big financial firms.
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Gap profit up, posts highest margins in decade
Published Friday, Nov. 20, 2009
Gap Inc posted a 25 percent rise in quarterly profit as sales rebounded at its Old Navy chain and the company recorded its highest margins in a decade.
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AOL to cut one-third of workforce
Published Friday, Nov. 20, 2009
AOL plans to cut one-third of its workforce, or about 2,500 jobs, in an effort to trim some $300 million in annual costs as part of the Internet company's planned spin-off from Time Warner Inc.
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Downturn cost U.S. metro areas all recent job growth
Published Thursday, Nov. 19, 2009
The U.S. recession that began in December 2007 cost the top metropolitan areas all of the 2.29 million jobs they had gained in the previous expansion, according to a report released on Wednesday.
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Housing starts fall sharply, inflation edges up
Published Thursday, Nov. 19, 2009
Construction of new homes in the United States hit a six month low in October, providing more evidence of the economy's sluggish recovery, while a surge in the cost of new and used vehicles lifted consumer prices.
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U.S. wants to fast-track GM IPO
Published Thursday, Nov. 19, 2009
The Obama administration wants a fast-track initial public offering of General Motors Co shares to reduce its majority stake in the automaker, a senior official said.
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Wells Fargo to repay $1.3 billion in auction-rate pact
Published Thursday, Nov. 19, 2009
Wells Fargo Investments LLC will repay about $1.3 billion to clients whose funds were frozen in the auction-rate securities market in the latest of a series of settlements with state securities regulators, an industry association said on Wednesday.
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Walmart.com touts pricing clout for holidays
Published Thursday, Nov. 19, 2009
Walmart.com will pull no punches in its quest to win market share this holiday season, introducing 97-cent shipping on electronics and offering daily discounts the week after Thanksgiving, its chief executive said on Wednesday.
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