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05/09/2008 07:31 AM |
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Questions of Rent Tactics by Private Equity |
Private firms are buying up rent-regulated buildings and harassing tenants to increase vacancies, advocates say.
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05/09/2008 07:30 AM |
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More Blue-Light Specials on the Way at Citigroup |
In Vikram Pandit’s first major presentation to investors and analysts, the Citigroup chief said the company planned to sell about $400 billion in assets in the next two to three years.
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05/09/2008 07:30 AM |
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Trade Deficit Narrows Sharply |
The deficit totaled $58.2 billion, down 5.6 percent from February, as demand for imports fell by the largest amount since the last recession was ending.
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05/09/2008 07:20 AM |
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Oil Surpasses $125 Per Barrel as Dollar Weakens |
Oil prices surged past $125 per barrel on the eve of the U.S. driving season as a weakening U.S. dollar drove investors to snap up commodities.
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05/08/2008 11:30 PM |
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Air Travelers Need to Pack More Money |
Airlines are passing their financial pain to their passengers in the form of sharply higher airfares and new fees.
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05/08/2008 11:59 PM |
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Bad Investments and a $7.8 Billion Loss at A.I.G. |
In the worst three months of the company’s 89-year history, American International Group lost $7.81 billion, primarily from bad investments in complex financial instruments.
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05/08/2008 10:37 PM |
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High Prices for Staple Foods Dip, but Volatile Markets Persist |
The prices of rice, wheat, soybeans and several other foods have come down recently, a development that could ease some of the panic in global food markets.
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05/08/2008 10:25 PM |
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Homeowner Rescue Bill Passed Despite Veto Threat |
The House approved legislation that seeks to broadly expand the availability of mortgages insured by the federal government to help families who are in danger of losing their homes.
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05/08/2008 11:33 PM |
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A Fear of Big Demand for Corporate Loans |
Banks have promised scores of companies money for a rainy day. Now that day is here — and the banks, hard pressed themselves, are worried they will have to keep their promises.
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05/09/2008 12:00 AM |
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G.M. to Pay $200 Million to Settle Strike |
General Motors said that it had agreed to give as much as $200 million to a parts supplier to help settle a 10-week strike that has reduced or halted production at 32 G.M. factories.
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05/09/2008 01:00 AM |
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'Speed Racer' opening on a crowded track |
The family friendly racing movie is trying to break out from a pack of blockbuster competitors.
The stakes in the industry's most competitive moviegoing season are high for all Hollywood studios, which spend heavily to sell their big-budget popcorn titles around the world. This summer, the risks are particularly steep for Time Warner Inc.'s Warner Bros. studio, which has hundreds of millions of dollars riding on three major releases: “Speed Racer,” the Batman sequel “The Dark Knight” and “Get Smart,” a big-screen adaptation of the 1960s sitcom.


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05/09/2008 01:00 AM |
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Corporate earnings roundup |
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Charge leads AIG to its biggest loss


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05/09/2008 01:00 AM |
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House passes mortgage rescue |
The plan gains support as pressure mounts on both political parties.
The House on Thursday passed the most sweeping government plan yet to shore up the troubled housing market and help people struggling to pay their mortgages, adopting legislation that would underwrite $300 billion in new loans and keep an estimated 500,000 homeowners out of foreclosure.


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05/09/2008 01:00 AM |
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AEG, De La Hoya's Golden Boy to be partners |
The combined ability of the arena giant and his promotion company to stage major events means 'good things . . . for boxing,' Oscar De La Hoya says.
AEG, which owns the Kings, the Galaxy and Staples Center, has purchased a minority percentage of Oscar De La Hoya's Golden Boy Promotions, it was announced Thursday, forging a partnership that is expected to not only help replenish the promoter's aging stable of fighters but also expand boxing's reach worldwide.


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05/09/2008 01:00 AM |
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'Iron Man' likely to remain box-office champ for another weekend |
The superhero saga may have sturdy enough legs to outpace 'Speed Racer,' which could be the summer's first major misfire.
For “Iron Man,” the sequel is two years away. But the encore comes this weekend.


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05/09/2008 01:00 AM |
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Rising fuel prices are a driving force for change - away from autos |
Some L.A. residents are relying more on bicycles, trains, buses, scooters and carpooling - or just walking.
When food and gasoline prices started climbing, Thomas Franklin started putting one foot in front of the other and -- the horror -- often walked where he needed to go.


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05/09/2008 01:00 AM |
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Mayor Villaraigosa persuades janitors to return to contract talks |
After a closed-door meeting including building owners, the union agrees to go back to the bargaining table after having staged walkouts across the county.
The strike by Los Angeles janitors has been a peculiar one, involving not just the typical rallies and walkouts but also videos posted on YouTube, workers who are still largely on the job and now a cooling-off period brokered by Los Angeles Mayor Antonio Villaraigosa, a onetime labor organizer.


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05/09/2008 01:00 AM |
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Microsoft reportedly disbands Yahoo slate |
Since it withdrew its bid, the software giant has said it would not launch a proxy fight. Google presses on with an ad-search deal.
Microsoft Corp. continued to distance itself from Yahoo Corp. on Thursday, telling the people it had lined up to nominate to the board as part of a prospective hostile takeover battle that their services were no longer needed, according to a person familiar with the conversations.


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05/09/2008 01:00 AM |
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Retail sales up in April |
Shoppers pushed retail sales up last month, but the numbers didn't impress economists who are focused on rising oil prices and the struggling housing market.
Price-conscious shoppers pushed retail sales to their highest level in more than a year last month, but the numbers didn't impress economists who are focused on rising oil prices and the struggling housing market.


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05/08/2008 04:04 PM |
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Warner Bros. closes Warner Independent Pictures and Picturehouse |
More than 70 jobs will be lost in the cost-cutting move.
An increasingly precarious independent film world claimed two more victims.


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11/06/2007 05:00 PM |
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Oil pushes ever higher |
Price of litre of petrol tops £1 for first time in UK as oil surges on a North Sea storm. By Graeme Wearden. |
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11/06/2007 05:00 PM |
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Dollar hits 26-year low against pound |
The pound climbed to $2.10 for the first time since 1981 today, boosted by speculation that China was preparing to shift its foreign reserves out of dollars. By Graeme Wearden. |
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11/06/2007 05:00 PM |
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US gloom weighs on FTSE |
Market report: London shares resumed their downward trek today, knocked by volatile oil prices, a tumbling dollar, jitters around banks and more anxieties on Wall Street. By Katie Allen. |
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11/06/2007 05:00 PM |
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Virgin Media hails growth 'turnaround' |
Virgin Media signals that era of upheaval marked by public rows with BSkyB is behind it as the cable TV company posts strongest customer growth in more than a year. By Katie Allen and Chris Tryhorn. |
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11/06/2007 05:00 PM |
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National Starch takeover to cost thousands of jobs |
Henkel, the maker of Schwarzkopf hair products, plans to cut thousands of jobs when it completes its £2.7bn acquisition of ICI's National Starch adhesives business early next year. By David Gow. |
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11/06/2007 05:00 PM |
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FirstGroup thanks oil price for rise in bus revenue |
British bus and rail operator says soaring oil price forcing motorists out of their cars and on to public transport. By Dan Milmo. |
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11/06/2007 05:00 PM |
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Next sales 'highly volatile' |
Outlook at fashion chain Next 'uncertain' in run-up to Christmas, company warns. By Julia Finch. |
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11/06/2007 05:00 PM |
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Virgin Media upbeat after growth in customers |
Cable group Virgin Media added 13,000 new customers in the third quarter of the year. By Chris Tryhorn. |
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11/06/2007 05:00 PM |
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Bank governor tones down criticism of Darling over crisis at Northern Rock |
· King: 'No disagreement with chancellor' · Authorities knew savers had insufficient protection |
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11/06/2007 05:00 PM |
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Jazz label joins the DRM-free revolution |
Record label Universal Music Classics & Jazz is making its entire catalogue available online without copy protection as part of an experiment to gauge fans' demand for MP3 tracks. By Katie Allen. |
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05/09/2008 07:19 AM |
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Citigroup plans to sell $400 billion in assets |
In Vikram Pandit's first major presentation to investors and analysts, the Citigroup chief said the company planned to sell about $400 billion in assets in the next two to three years. |
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05/09/2008 07:19 AM |
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Oil breaks through $125 as dollar stays soft |
Crude futures surged past $125 a barrel Friday on the eve of the U.S. driving season as a weakening U.S. dollar drove investors to snap up commodities. |
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05/09/2008 07:19 AM |
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High prices for staple foods dip, but volatile markets persist |
The prices of rice, wheat, soybeans and several other foods have come down recently, a development that could ease some of the panic in global food markets. |
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05/09/2008 06:06 AM |
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China faces Western problem of bulging waistlines |
In a country that decades ago faced famine, mainland urban Chinese are having to think about what they eat. |
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05/09/2008 07:19 AM |
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U.S. trade deficit narrows unexpectedly |
U.S. trade deficit shrank in March on a record plunge in the value of imports, even as average oil prices surged to a new record, the Commerce Department reported Friday. |
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05/09/2008 07:19 AM |
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Allianz posts 64.6% fall in profit on losses at Dresdner |
Dresdner Bank lost €513 million after writing down €845 million on structured finance investments, keeping it in the spotlight as its parent works to split it in two. |
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05/09/2008 07:19 AM |
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AIG reports a $7.8 billion loss in quarter |
In the worst three months of the company's 89-year history, American International Group lost $7.81 billion, primarily from bad investments in complex financial instruments. |
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05/09/2008 07:19 AM |
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General Motors to pay up to $200 million to settle strike |
GM hopes the money will help the United Auto Workers union and a parts supplier, American Axle and Manufacturing, end a shutdown that has reduced or halted production at 32 GM factories. |
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05/09/2008 07:19 AM |
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Producer prices in China on the rise |
Chinese factory-gate inflation edged up to 8.1 percent in April, the fastest rate since late 2004, showing a sustained build-up in price pressures that could keep consumer inflation high. |
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05/09/2008 07:19 AM |
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AIG and Allianz hit stocks in Europe; U.S. futures dip |
The climb in crude prices above $125 a barrel heightened concern that the credit crisis and surging commodity costs would damage corporate profits. |
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11/14/2007 10:00 PM |
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Icahn buys into Genzyme |
Carl Icahn, the billionaire investor who recently helped put Biogen Idec Inc. in play, has taken a stake in another major Cambridge biotech - Genzyme Corp. |
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11/14/2007 10:00 PM |
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On guard at Gatehouse |
A financial update: The newspaper business still stinks. That's not news to anyone who follows the public stocks of big newspaper companies, including this paper's corporate parent, The New York Times Co. Now one company that has spent most of the past year swimming against that powerful tide finds itself losing favor, too. |
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11/14/2007 10:00 PM |
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State's first new insurer is an old one |
Peerless Insurance, which led a wave of insurers fleeing the state's heavily regulated market in the 1980s, said yesterday it plans to be the first new insurer to enter Massachusetts as the state introduces auto insurance competition on April 1. |
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11/14/2007 10:00 PM |
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'Green mortgages' taking root |
First came green homes. Now comes a mortgage to match. So-called green mortgages are the latest innovation in the push to promote more energy-efficient houses, whose owners enjoy lower utility costs thanks to solar panels, improved insulation, thermopane windows, and other money-saving products. Also called energy-efficient mortgages, they allow home buyers to qualify for larger loans on the premise that ... |
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11/14/2007 10:00 PM |
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Raytheon wins $1.35b contract for UK security |
Extending its homeland security business overseas, Waltham defense giant Raytheon Co. yesterday signed a deal worth $1.35 billion over the next 10 years to help the United Kingdom control its borders. |
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11/14/2007 10:00 PM |
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Delta, United deny merger talks |
Delta Air Lines Inc. is looking for a partner, but it isn't United Airlines. The third-largest US carrier said yesterday that it had had no discussions with Chicago-based United about a merger that would create the nation's largest carrier, dismissing a report that the talks had been ongoing for some time. |
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11/14/2007 10:00 PM |
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Bernanke moves to make Fed more open |
WASHINGTON - Federal Reserve chairman Ben Bernanke moved yesterday to break down even further the aura of secrecy that historically has enshrouded the institution that sets interest rates, taking steps to keep Main Street and Wall Street more closely wired to decisions that can make or break lives and businesses. |
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11/14/2007 10:00 PM |
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Top banks' strategies |
Highlights of major central banks' communication strategies: EUROPEAN CENTRAL BANK |
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11/14/2007 10:00 PM |
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Fords, Hondas top list of safest new automobiles |
WASHINGTON - The number of new cars considered the safest by the insurance industry nearly tripled in the past year, helped by automakers' push to make safety equipment more widely available. |
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11/14/2007 10:00 PM |
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Economic growth has cooled, data show |
WASHINGTON - Reports on retail sales and producer prices show US economic growth has cooled since its third-quarter spurt, while inflation slows. |
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