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Stocks Move Higher Amid More Solid Earnings

Posted: 07/21/2009 - More solid earnings reports and upbeat outlooks from big-name companies are feeding investors' newfound optimism and carrying stocks higher.

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Bernanke Tells Congress That Fed Has Exit Strategy

Updated: 07/21/2009 - Federal Reserve Chairman Ben Bernanke says the Fed will be able to reel in its extraordinary economic stimulus and prevent a flare up of inflation when the recovery is more firmly rooted.

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Senior Democrats Call On Treasury To Be More Open

Posted: 07/21/2009 - Two senior congressional Democrats pointedly called on the Obama administration Tuesday to make the $700 billion financial bailout program more visible and accountable to taxpayers, with one complaining that Treasury's approach to the fund is, "Don't ask, don't tell."

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CIT Confirms $3 Billion Financing Deal

Posted: 07/20/2009 - Commercial lender CIT Group Inc. confirmed late Monday that it has secured a $3 billion bailout from its bondholders, saving the company from bankruptcy protection.

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Texas Instruments 2Q Profit Falls 56 Percent

Posted: 07/20/2009 - Chip maker Texas Instruments says its second-quarter earnings fell 56 percent from a year ago, clipped by a weak economy that the company expects will "take some time" to strengthen.

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Barnes & Noble To Open Electronic Bookstore

Posted: 07/20/2009 - Retailer Barnes & Noble says it will take on Amazon.com with an electronic bookstore that will allow customers to buy books to read on a variety of handheld platforms and computers.

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Intel Offering $1.5 Billion In Notes

Posted: 07/20/2009 - Intel, the world's biggest maker of microprocessors, says it is offering $1.5 billion in junior subordinated convertible debentures and will use proceeds to buyback stock.

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Fla. Lawsuit: Willis Verified Stanford Investments

Updated: 09/06/2013 - A lawsuit seeking class-action status for hundreds of Latin American investors claims that a London-based insurance broker falsely gave assurances about investments offered by financier R. Allen Stanford.

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Cox Enterprises Agrees To Sell 13 NC Newspapers

Posted: 07/20/2009 - Cox Enterprises Inc. says it has agreed to sell more than a dozen North Carolina newspapers to a company headed by the son of late billionaire Jack Kent Cooke.

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Major Lender To Businesses Gets A Boost

Posted: 07/20/2009 - The outlook is apparently brighter for a company that's one of the nation's biggest lenders to small and mid-size businesses.

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Mo. Woman Charged In Alleged $27M Grain Fraud

Updated: 09/06/2013 - The owner of a northeast Missouri trucking company and grain elevator who owes farmers millions of dollars is facing state and federal charges.

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Toyota To Make Decision On California Plant Soon

Posted: 07/20/2009 - Toyota's top U.S. executive says the company will make a decision "as quickly as possible" on the fate of its California joint venture plant with General Motors.

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Stocks Move Higher On Reports CIT Close To Rescue

Posted: 07/20/2009 - Investors are extending a stock rally following more upbeat earnings and reports that commercial lender CIT Group reached a deal with bondholders to avoid bankruptcy.

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TD Ameritrade Settles Securities Investigation

Posted: 07/20/2009 - TD Ameritrade has agreed to repurchase $456 million in auction-rate securities from investors as part of a settlement with the New York state attorney general.

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Wyeth Shareholders Vote To Be Acquired By Pfizer

Posted: 07/20/2009 - More than 98% of Wyeth stockholders voted to approve the $68 billion acquisition. The deal will solidify Pfizer's position as the top-selling drug maker in the world.

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Stocks Open Higher

Posted: 07/20/2009 - Stocks are rising as investors are reassured by reports that commercial lender CIT Group has a deal with key bondholders that will help it avoid bankruptcy.

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