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More GM Cuts Coming

Updated: 11/21/2008 - GM to announce more production cuts...

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Wal-Mart Names Mike Duke As Next Chief Executive

Posted: 11/21/2008 - Wal-Mart Stores says Mike Duke, vice chairman of its international division, will replace Lee Scott as president and chief executive when he retires from those positions in February.

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Steve & Barry's To Close Stores

Posted: 11/20/2008 - Steve & Barry stores and its parent company have abandoned plans to keep stores open during bankruptcy protection

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Pensions Frozen At Random House, Inc.

Posted: 11/20/2008 - The country's largest trade publisher, Random House Inc., has frozen the pensions of its current employees and eliminated them for future hires, the latest cutback in an industry hit by declining sales and anticipating, at best, a difficult 2009.

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Wal-Mart Buys Wind Energy Supply

Posted: 11/20/2008 - Wal-Mart Stores Inc. says it has invested in a wind energy farm in Texas that will generate enough power to light 15% of its Texas operations.

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Lowe's 3rd Quarter Profit Falls On Slow Spending

Posted: 11/20/2008 - Lowe's says its third-quarter profit fell 24% as consumers delayed home-improvement projects and big-ticket purchases, but the results still beat Wall Street's expectations.

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Local Retail Sellers Brace for Bad News

Posted: 11/20/2008 - Retail stores are the latest victims coping with the crisis after October sales plunged by the largest amount on record.

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Oil Cartel Talks

Updated: 10/04/2010 - Iran's oil minister says the Islamic republic, Russia and Qatar discussed formation of an OPEC-style cartel of gas exporting countries.

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FDIC Wants Insurance Premium Increases

Updated: 10/04/2010 - The head of the FDIC is asking for an increase in premiums that will double the average paid by U.S. banks and thrifts...

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Feds To Buy Debt...

Updated: 10/04/2010 - The Federal Reserve has announced a radical plan to buy massive amounts of short-term debts...

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Fed Will Pay Interest on Bank Reserves

Updated: 10/04/2010 - The Federal Reserve says it will start paying interest on commercial banks' reserves and will expand its loan program to squeezed banks.

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US House Hearing on Lehman Failure

Updated: 10/04/2010 - With the $700 billion-dollar financial industry bailout bill now signed into law, the House is looking into what drove Lehman Brothers into bankruptcy.

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