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Citi taps investment banking head as CEO
Dec 11 2007 7:08PM (CT)
NEW YORK (AP) - Citigroup Inc. named Vikram Pandit, the head of its investment banking business, as chief executive Tuesday, after searching five weeks for someone to restore the bank's profitability and reputation.
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Citi taps investment banking head as CEO
Dec 11 2007 7:08PM (CT)
NEW YORK (AP) - Citigroup Inc. named Vikram Pandit, the head of its investment banking business, as chief executive Tuesday, after searching five weeks for someone to restore the bank's profitability and reputation.
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Citi taps investment banking head as CEO
Dec 11 2007 7:08PM (CT)
NEW YORK (AP) - Citigroup Inc. named Vikram Pandit, the head of its investment banking business, as chief executive Tuesday, after searching five weeks for someone to restore the bank's profitability and reputation.
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Citi taps investment banking head as CEO
Dec 11 2007 7:08PM (CT)
NEW YORK (AP) - Citigroup Inc. named Vikram Pandit, the head of its investment banking business, as chief executive Tuesday, after searching five weeks for someone to restore the bank's profitability and reputation.
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Treasurys rally as Fed cuts rates
Dec 11 2007 5:44PM (CT)
NEW YORK (AP) - Treasury prices rallied Tuesday after the Federal Reserve lowered the federal funds and discount rates while sending a vague signal that more rate cuts are an option.
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Boeing says latest 787 schedule on track
Dec 11 2007 5:29PM (CT)
CHICAGO (AP) - Boeing Co. said Tuesday that its schedule for the 787 Dreamliner remains on track and it does not currently envision further delays in the much-ballyhooed airplane.
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Boeing says latest 787 schedule on track
Dec 11 2007 5:29PM (CT)
CHICAGO (AP) - Boeing Co. said Tuesday that its schedule for the 787 Dreamliner remains on track and it does not currently envision further delays in the much-ballyhooed airplane.
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Fannie, Freddie chiefs see tough 2008
Dec 11 2007 5:27PM (CT)
WASHINGTON (AP) - The chief executives of Fannie Mae and Freddie Mac on Tuesday warned their ailing mortgage-finance companies will suffer further in 2008 due to a weakening housing market and rising home-loan defaults.
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Kroger 3Q profit up, but shares fall
Dec 11 2007 5:22PM (CT)
CINCINNATI (AP) - Kroger Co. reported Tuesday its third-quarter profit jumped 18 percent on strong sales but margins at the nation's largest traditional grocery chain were hurt by what it sells outside stores _ gasoline.
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WaMu shares fall on outlook worries
Dec 11 2007 5:17PM (CT)
SEATTLE (AP) - Washington Mutual's move to slash staff and launch a massive stock offering to shore up its finances may smack of desperation, analysts said Tuesday as the bank's shares tumbled nearly 12 percent.
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AT&T boosts dividend, buyback
Dec 11 2007 5:13PM (CT)
NEW YORK (AP) - AT&T Inc. on Tuesday raised its dividend, announced an expanded share buyback and said it was seeing only small effects from the troubles in the U.S. economy.
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Gold stumbles following rate cut
Dec 11 2007 5:10PM (CT)
NEW YORK (AP) - Gold prices plummeted in aftermarket trading Tuesday after the Federal Reserve lowered its benchmark interest rate by a quarter point to 4.25 percent. The dollar bounced higher.
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Fed lowers rates, Wall Street tumbles
Dec 11 2007 4:43PM (CT)
WASHINGTON (AP) - The Federal Reserve dropped its most important interest rate to a nearly two-year low on Tuesday and left the door open to additional cuts to prevent a housing and credit meltdown from pushing the economy into a recession.
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H&R Block 2Q losses soar
Dec 11 2007 4:38PM (CT)
KANSAS CITY, Mo. (AP) - H&R Block Inc., the nation's largest tax preparer, delayed its second-quarter earnings Tuesday to give its new auditors time to review the numbers.
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Oil's rise moderates after Fed rate cut
Dec 11 2007 4:16PM (CT)
NEW YORK (AP) - Oil futures closed above $90 a barrel Tuesday, but retreated from earlier highs after the Federal Reserve disappointed investors by cutting a key interest rate less than many had hoped.
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Freddie sees $5.5B-$7.5B more losses
Dec 11 2007 12:30PM (CT)
WASHINGTON (AP) - The chief executive of Freddie Mac estimated Tuesday the mortgage finance company will lose an additional $5.5 billion to $7.5 billion over the next few years as the housing crisis worsens and home-loan defaults rise.
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Merck: Sales up, restructuring on track
Dec 11 2007 11:38AM (CT)
WHITEHOUSE STATION, N.J. (AP) - Merck & Co. will seek regulatory approval for new cholesterol and obesity drugs next year and the pharmaceutical company said Tuesday that five other drugs are undergoing final human testing.
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German investor confidence slides
Dec 11 2007 8:48AM (CT)
BERLIN (AP) - German investor confidence dropped to its lowest level in nearly 15 years, weighed down by worries over the global economic outlook and the impact of the strong euro, a closely watched survey showed Tuesday.
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German investor confidence slides
Dec 11 2007 8:48AM (CT)
BERLIN (AP) - German investor confidence dropped to its lowest level in nearly 15 years, weighed down by worries over the global economic outlook and the impact of the strong euro, a closely watched survey showed Tuesday.
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Southern farmers may get drought relief
Dec 11 2007 7:30AM (CT)
WASHINGTON (AP) - Congress plans to extend a disaster relief deadline so farmers hit by drought this year can get cash assistance to offset losses, Democratic lawmakers said.
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Southern farmers may get drought relief
Dec 11 2007 7:30AM (CT)
WASHINGTON (AP) - Congress plans to extend a disaster relief deadline so farmers hit by drought this year can get cash assistance to offset losses, Democratic lawmakers said.
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Fannie, Freddie buying fewer bad loans
Dec 11 2007 7:16AM (CT)
WASHINGTON (AP) - Mortgage finance giants Fannie Mae and Freddie Mac are changing their criteria for purchasing delinquent home loans they've guaranteed, in order to reduce the number they buy from investors, the companies said Monday.
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Fannie, Freddie buying fewer bad loans
Dec 11 2007 7:16AM (CT)
WASHINGTON (AP) - Mortgage finance giants Fannie Mae and Freddie Mac are changing their criteria for purchasing delinquent home loans they've guaranteed, in order to reduce the number they buy from investors, the companies said Monday.
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China's inflation rate jumps in November
Dec 11 2007 7:07AM (CT)
BEIJING (AP) - China's inflation surged to its highest rate in 11 years last month while its trade surplus swelled, the government said Tuesday, adding to pressure for the central bank to raise interest rates and loosen currency controls.
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US, China sign deals to safeguard food
Dec 11 2007 6:54AM (CT)
BEIJING (AP) - The United States and China sparred over intellectual property protections and signed agreements on safeguarding the quality of food and drugs exports to the U.S. Tuesday at the start of a series of contentious economic meetings.
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US, China sign deals to safeguard food
Dec 11 2007 6:54AM (CT)
BEIJING (AP) - The United States and China sparred over intellectual property protections and signed agreements on safeguarding the quality of food and drugs exports to the U.S. Tuesday at the start of a series of contentious economic meetings.
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US, China sign deals to safeguard food
Dec 11 2007 6:54AM (CT)
BEIJING (AP) - The United States and China sparred over intellectual property protections and signed agreements on safeguarding the quality of food and drugs exports to the U.S. Tuesday at the start of a series of contentious economic meetings.
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US, China sign deals to safeguard food
Dec 11 2007 6:54AM (CT)
BEIJING (AP) - The United States and China sparred over intellectual property protections and signed agreements on safeguarding the quality of food and drugs exports to the U.S. Tuesday at the start of a series of contentious economic meetings.
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US, China sign deals to safeguard food
Dec 11 2007 6:54AM (CT)
BEIJING (AP) - The United States and China sparred over intellectual property protections and signed agreements on safeguarding the quality of food and drugs exports to the U.S. Tuesday at the start of a series of contentious economic meetings.
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US, China sign deals to safeguard food
Dec 11 2007 6:54AM (CT)
BEIJING (AP) - The United States and China sparred over intellectual property protections and signed agreements on safeguarding the quality of food and drugs exports to the U.S. Tuesday at the start of a series of contentious economic meetings.
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US, China sign deals to safeguard food
Dec 11 2007 6:54AM (CT)
BEIJING (AP) - The United States and China sparred over intellectual property protections and signed agreements on safeguarding the quality of food and drugs exports to the U.S. Tuesday at the start of a series of contentious economic meetings.
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US, China sign deals to safeguard food
Dec 11 2007 6:54AM (CT)
BEIJING (AP) - The United States and China sparred over intellectual property protections and signed agreements on safeguarding the quality of food and drugs exports to the U.S. Tuesday at the start of a series of contentious economic meetings.
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US, China sign deals to safeguard food
Dec 11 2007 6:54AM (CT)
BEIJING (AP) - The United States and China sparred over intellectual property protections and signed agreements on safeguarding the quality of food and drugs exports to the U.S. Tuesday at the start of a series of contentious economic meetings.
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Southern farmers seek drought relief
Dec 11 2007 5:35AM (CT)
WASHINGTON (AP) - Congress plans to extend a disaster relief deadline so farmers hit by drought this year can get cash assistance to offset losses, Democratic lawmakers said.
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US, China sign deals to safeguard food
Dec 11 2007 3:28AM (CT)
BEIJING (AP) - The United States and China signed two deals Tuesday to safeguard the quality of food and drugs ranging from pet food to certain types of antibiotics imported into the U.S. from China.
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China trade surplus hits $26.28B in Nov.
Dec 11 2007 1:01AM (CT)
BEIJING (AP) - China's global trade surplus totaled $26.28 billion in November, the government announced Tuesday as top American officials were in Beijing to discuss trade, currency and Chinese product safety issues.
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Survey: 22 pct. of companies to add jobs
Dec 11 2007 12:25AM (CT)
MILWAUKEE (AP) - Fewer than a quarter of employers expect to add positions in the first quarter of the new year, almost the same as a year ago, according to a survey of 14,000 companies being released Tuesday.
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