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Wells Fargo Increasing Executives Salaries

Posted: 08/06/2009 - The increases in salary will not be paid in cash, but instead through the issuance of company stock. The stock cannot be sold until the TARP money is repaid.

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New Jobless Claims Drop More Than Expected

Posted: 08/06/2009 - The government says the number of newly-laid off workers seeking unemployment insurance fell last week, fresh evidence that layoffs are easing.

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GM Plans Plug-In Hybrid System In Midsize SUV

Posted: 08/06/2009 - General Motors Co.'s product development chief says the company will introduce a plug-in rechargeable midsize sport utility vehicle sometime in late 2010 or in 2011.

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Retailers Report Sluggish July Sales

Posted: 08/06/2009 - Retailers are reporting sluggish sales for July as shoppers' worries about jobs escalate, raising concern about the health of the back-to-school shopping season.

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Casino Operator MGM Mirage Shuffles Management

Posted: 08/05/2009 - The chief executive of MGM Mirage says its board has realigned the casino operator's management and created an executive position to oversee 11 properties.

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Prudential 2nd-Qtr Profit Declines 5 Percent

Posted: 08/05/2009 - Insurance and investment company Prudential Financial Inc. has reported a 5 percent drop in profit for the second quarter, but adjusted results topped Wall Street expectations as the company benefited from improving financial markets.

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Chavez: Coffee Plants To Be Expropriated

Posted: 08/05/2009 - Venezuelan President Hugo Chavez says his government will expropriate the country's two largest coffee processing companies.

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News Corp Boosts Stake In Sky Deutschland

Posted: 08/05/2009 - News Corp., the media conglomerate controlled by Rupert Murdoch, has boosted its stake in German pay TV company Sky Deutschland AG to 39.96 percent.

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LaHood Extolls 'Cash For Clunkers' As Huge Success

Posted: 08/05/2009 - Transportation Secretary Ray LaHood proclaimed "cash-for-clunkers" a roaring success just as the Senate seems poised to push the popular program back into high gear with another $2 billion in cash.

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