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Fannie Mae posts nearly $3.6B loss in 4Q
Feb 27 2008 6:53PM (CT)
WASHINGTON (AP) - Fannie Mae and Freddie Mac will be allowed to expand their roles in the turbulent mortgage market even as worsening conditions in the housing sector punish the two companies.
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New home sales drop
Feb 27 2008 6:19PM (CT)
WASHINGTON (AP) - In more bad news for the beleaguered housing industry, sales of new homes fell in January for a third straight month, pushing activity down to the slowest pace in nearly 13 years. The median price of a new home dropped to the lowest level in more than three years.
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Chrysler loss pegged at $2.7B
Feb 27 2008 5:52PM (CT)
DETROIT (AP) - Chrysler LLC lost about $2.7 billion in the two months after Daimler AG sold controlling interest in the U.S. automaker to a New York private equity firm, Daimler said in its annual report Wednesday.
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Treasurys mixed after hectic news flow
Feb 27 2008 5:38PM (CT)
NEW YORK (AP) - Treasury prices closed mixed Wednesday after a volatile session during which regulatory developments that should bolster the housing industry competed for attention with an economic warning from Federal Reserve Chairman Ben Bernanke.
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Fed ready to cut interest rates again
Feb 27 2008 5:23PM (CT)
WASHINGTON (AP) - The Federal Reserve is ready to lower interest rates again to brace the wobbly economy even as zooming oil prices spread inflation, Chairman Ben Bernanke signaled to Congress on Wednesday.
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Fed ready to cut interest rates again
Feb 27 2008 5:23PM (CT)
WASHINGTON (AP) - The Federal Reserve is ready to lower interest rates again to brace the wobbly economy even as zooming oil prices spread inflation, Chairman Ben Bernanke signaled to Congress on Wednesday.
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Fed ready to cut interest rates again
Feb 27 2008 5:23PM (CT)
WASHINGTON (AP) - The Federal Reserve is ready to lower interest rates again to brace the wobbly economy even as zooming oil prices spread inflation, Chairman Ben Bernanke signaled to Congress on Wednesday.
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Fed ready to cut interest rates again
Feb 27 2008 5:23PM (CT)
WASHINGTON (AP) - The Federal Reserve is ready to lower interest rates again to brace the wobbly economy even as zooming oil prices spread inflation, Chairman Ben Bernanke signaled to Congress on Wednesday.
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Fed ready to cut interest rates again
Feb 27 2008 5:23PM (CT)
WASHINGTON (AP) - The Federal Reserve is ready to lower interest rates again to brace the wobbly economy even as zooming oil prices spread inflation, Chairman Ben Bernanke signaled to Congress on Wednesday.
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Fed ready to cut interest rates again
Feb 27 2008 5:23PM (CT)
WASHINGTON (AP) - The Federal Reserve is ready to lower interest rates again to brace the wobbly economy even as zooming oil prices spread inflation, Chairman Ben Bernanke signaled to Congress on Wednesday.
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Toll Brothers swings to 1Q loss
Feb 27 2008 5:07PM (CT)
PHILADELPHIA (AP) - Luxury-home builder Toll Brothers Inc. said Wednesday it swung to a loss in the first quarter as write-downs on properties it could no longer sell at a profit more than doubled and its sales tumbled 23 percent.
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Toll Brothers swings to 1Q loss
Feb 27 2008 5:07PM (CT)
PHILADELPHIA (AP) - Luxury-home builder Toll Brothers Inc. said Wednesday it swung to a loss in the first quarter as write-downs on properties it could no longer sell at a profit more than doubled and its sales tumbled 23 percent.
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Toll Brothers swings to 1Q loss
Feb 27 2008 5:07PM (CT)
PHILADELPHIA (AP) - Luxury-home builder Toll Brothers Inc. said Wednesday it swung to a loss in the first quarter as write-downs on properties it could no longer sell at a profit more than doubled and its sales tumbled 23 percent.
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Toll Brothers swings to 1Q loss
Feb 27 2008 5:07PM (CT)
PHILADELPHIA (AP) - Luxury-home builder Toll Brothers Inc. said Wednesday it swung to a loss in the first quarter as write-downs on properties it could no longer sell at a profit more than doubled and its sales tumbled 23 percent.
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House OKs new taxes on big oil companies
Feb 27 2008 5:05PM (CT)
WASHINGTON (AP) - The House approved $18 billion in new taxes on the largest oil companies Wednesday as Democrats cited record oil prices and rising gasoline costs in a time of economic troubles.
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Democrats weigh $35 billion for economy
Feb 27 2008 4:49PM (CT)
WASHINGTON (AP) - Senate Democrats are considering following up the recently passed economic stimulus bill with $35 billion in additional money for the unemployed, food stamps and heating subsidies for the poor.
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Dynegy posts narrower 4Q loss
Feb 27 2008 4:41PM (CT)
HOUSTON (AP) - Dynegy Inc. said Wednesday it narrowed its fourth-quarter loss on rising volumes, higher prices and gains on facility sales, but the power provider reduced its outlook for 2008 in part because it expects lower interest income.
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Dynegy posts narrower 4Q loss
Feb 27 2008 4:41PM (CT)
HOUSTON (AP) - Dynegy Inc. said Wednesday it narrowed its fourth-quarter loss on rising volumes, higher prices and gains on facility sales, but the power provider reduced its outlook for 2008 in part because it expects lower interest income.
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Oil spikes above $102, then slips back
Feb 27 2008 4:27PM (CT)
NEW YORK (AP) - Crude prices spiked above $102 a barrel for the first time Wednesday, then retreated after the government reported the nation is greased with more oil and gasoline than expected.
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Oil spikes above $102, then slips back
Feb 27 2008 4:27PM (CT)
NEW YORK (AP) - Crude prices spiked above $102 a barrel for the first time Wednesday, then retreated after the government reported the nation is greased with more oil and gasoline than expected.
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Gold rises to record on weak dollar
Feb 27 2008 4:26PM (CT)
NEW YORK (AP) - Gold futures surged to their highest level ever Wednesday after the dollar plunged to a record low and crude oil spiked above $102 _ inflationary signs that fed buying of precious metals as alternative investments.
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Gold rises to record on weak dollar
Feb 27 2008 4:26PM (CT)
NEW YORK (AP) - Gold futures surged to their highest level ever Wednesday after the dollar plunged to a record low and crude oil spiked above $102 _ inflationary signs that fed buying of precious metals as alternative investments.
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Dollar sinks to new low against euro
Feb 27 2008 3:38PM (CT)
BERLIN (AP) - The dollar sank Wednesday to its lowest level ever against the euro after markets took comments from the Federal Reserve chairman as a sign that yet more U.S. rate cuts are on the way.
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Dollar sinks to new low against euro
Feb 27 2008 3:38PM (CT)
BERLIN (AP) - The dollar sank Wednesday to its lowest level ever against the euro after markets took comments from the Federal Reserve chairman as a sign that yet more U.S. rate cuts are on the way.
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Dollar sinks to new low against euro
Feb 27 2008 3:38PM (CT)
BERLIN (AP) - The dollar sank Wednesday to its lowest level ever against the euro after markets took comments from the Federal Reserve chairman as a sign that yet more U.S. rate cuts are on the way.
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Dollar sinks to new low against euro
Feb 27 2008 3:38PM (CT)
BERLIN (AP) - The dollar sank Wednesday to its lowest level ever against the euro after markets took comments from the Federal Reserve chairman as a sign that yet more U.S. rate cuts are on the way.
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Dollar sinks to new low against euro
Feb 27 2008 3:38PM (CT)
BERLIN (AP) - The dollar sank Wednesday to its lowest level ever against the euro after markets took comments from the Federal Reserve chairman as a sign that yet more U.S. rate cuts are on the way.
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Dollar sinks to new low against euro
Feb 27 2008 3:38PM (CT)
BERLIN (AP) - The dollar sank Wednesday to its lowest level ever against the euro after markets took comments from the Federal Reserve chairman as a sign that yet more U.S. rate cuts are on the way.
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BMW plans 5,600 more job cuts
Feb 27 2008 1:45PM (CT)
MUNICH, Germany (AP) - Luxury automaker BMW AG said Wednesday it will cut another 5,600 jobs by the end of 2008, on top of 2,500 other positions that have already been eliminated, as it moves to pare expenses amid a wider cost-cutting program.
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Gov't to lift Fannie, Freddie limits
Feb 27 2008 11:35AM (CT)
WASHINGTON (AP) - The federal regulator for Fannie Mae and Freddie Mac said Wednesday it would lift restrictions later this week on the amount of mortgages the government-sponsored companies can hold on their books.
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Wall Street to fall at the opening
Feb 27 2008 8:19AM (CT)
NEW YORK (AP) - Wall Street was set to open lower Wednesday as the dollar plumbed record depths against the euro while oil and gold hit record highs.
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Delta execs say no combination deal yet
Feb 27 2008 7:23AM (CT)
ATLANTA (AP) - Delta Air Lines Inc.'s top two executives told employees Tuesday that the nation's No. 3 carrier has not yet arrived at a potential combination transaction that meets all of its conditions.
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Rubbermaid buying washroom fixture co.
Feb 27 2008 6:58AM (CT)
ATLANTA (AP) - Consumer products maker Newell Rubbermaid Inc. said Wednesday it has agreed to buy an Illinois maker of touch-free washroom dispensers and other devices for $445 million, its second acquisition announced this week.
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Rubbermaid buying washroom fixture co.
Feb 27 2008 6:58AM (CT)
ATLANTA (AP) - Consumer products maker Newell Rubbermaid Inc. said Wednesday it has agreed to buy an Illinois maker of touch-free washroom dispensers and other devices for $445 million, its second acquisition announced this week.
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EU fines Microsoft record $1.3 billion
Feb 27 2008 6:53AM (CT)
BRUSSELS, Belgium (AP) - The European Union fined Microsoft Corp. a record $1.3 billion Wednesday for the amount it charges rivals for software information.
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Euro soars to record high $1.5057
Feb 27 2008 6:44AM (CT)
BERLIN (AP) - The euro climbed to a record high of $1.5057 in early European trading on Wednesday as sentiment increased that the U.S. Federal Reserve would continue its rate cut campaign.
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Starbucks promises customers perfection
Feb 27 2008 4:59AM (CT)
SEATTLE (AP) - A day after shutting down most of its U.S. shops for three hours to retrain baristas on espresso basics, Starbucks is welcoming customers back Wednesday with a new promise posted in stores: "Your drink should be perfect, every time. If not, let us know and we'll make it right."
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Starbucks promises customers perfection
Feb 27 2008 4:59AM (CT)
SEATTLE (AP) - A day after shutting down most of its U.S. shops for three hours to retrain baristas on espresso basics, Starbucks is welcoming customers back Wednesday with a new promise posted in stores: "Your drink should be perfect, every time. If not, let us know and we'll make it right."
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Starbucks promises customers perfection
Feb 27 2008 4:59AM (CT)
SEATTLE (AP) - A day after shutting down most of its U.S. shops for three hours to retrain baristas on espresso basics, Starbucks is welcoming customers back Wednesday with a new promise posted in stores: "Your drink should be perfect, every time. If not, let us know and we'll make it right."
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Starbucks promises customers perfection
Feb 27 2008 4:59AM (CT)
SEATTLE (AP) - A day after shutting down most of its U.S. shops for three hours to retrain baristas on espresso basics, Starbucks is welcoming customers back Wednesday with a new promise posted in stores: "Your drink should be perfect, every time. If not, let us know and we'll make it right."
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Starbucks promises customers perfection
Feb 27 2008 4:59AM (CT)
SEATTLE (AP) - A day after shutting down most of its U.S. shops for three hours to retrain baristas on espresso basics, Starbucks is welcoming customers back Wednesday with a new promise posted in stores: "Your drink should be perfect, every time. If not, let us know and we'll make it right."
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Starbucks promises customers perfection
Feb 27 2008 4:59AM (CT)
SEATTLE (AP) - A day after shutting down most of its U.S. shops for three hours to retrain baristas on espresso basics, Starbucks is welcoming customers back Wednesday with a new promise posted in stores: "Your drink should be perfect, every time. If not, let us know and we'll make it right."
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Starbucks promises customers perfection
Feb 27 2008 4:59AM (CT)
SEATTLE (AP) - A day after shutting down most of its U.S. shops for three hours to retrain baristas on espresso basics, Starbucks is welcoming customers back Wednesday with a new promise posted in stores: "Your drink should be perfect, every time. If not, let us know and we'll make it right."
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3 North Dakota families bank on bread
Feb 27 2008 3:26AM (CT)
DWIGHT, N.D. (AP) - Three North Dakota farm couples are hoping to make plenty of dough by turning their whole white wheat flour into bread that even the pickiest young customers seem to enjoy.
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3 North Dakota families bank on bread
Feb 27 2008 3:26AM (CT)
DWIGHT, N.D. (AP) - Three North Dakota farm couples are hoping to make plenty of dough by turning their whole white wheat flour into bread that even the pickiest young customers seem to enjoy.
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3 North Dakota families bank on bread
Feb 27 2008 3:26AM (CT)
DWIGHT, N.D. (AP) - Three North Dakota farm couples are hoping to make plenty of dough by turning their whole white wheat flour into bread that even the pickiest young customers seem to enjoy.
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3 North Dakota families bank on bread
Feb 27 2008 3:26AM (CT)
DWIGHT, N.D. (AP) - Three North Dakota farm couples are hoping to make plenty of dough by turning their whole white wheat flour into bread that even the pickiest young customers seem to enjoy.
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Honda president sees no recession in US
Feb 27 2008 2:13AM (CT)
TOKYO (AP) - Honda President Takeo Fukui brushed off looming worries about a U.S. slowdown Wednesday, saying sales are strong especially on the East Coast amid growing demand for fuel-efficient cars.
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