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European Union officials regard the dollar's advance against the euro as welcome respite for their economies at a time when several countries are close to a recession, according to a draft of an internal EU document.
“Excessive volatility on exchange-rate markets is undesirable for economic growth,'' ministers from the 27 EU nations said in […]
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Walgreen Co. made an offer late Friday to buy Longs Drug Stores Corp. for $2.8 billion, hoping to unseat a rival offer from CVS Caremark Corp. that Longs had already accepted.
Deerfield, Ill.-based Walgreen (WAG, Fortune 500) said it would pay $75 a share in cash to buy Walnut Creek, Calif.-based Longs (LDG, Fortune 500), […]
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Government data show wholesale inflation plunged in August by the largest amount in nearly two years, reflecting a steep drop in gasoline and other energy products.
The Labor Department reported Friday that wholesale prices fell 0.9% last month, nearly double the 0.5% decline that economists had been expecting. The price moderation followed three months in […]
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Lehman Brothers confirmed investors’ worst fears about the depths of the credit crunch on Wednesday. Next week, Goldman Sachs and Morgan Stanley will try and reassure the market that not everyone on Wall Street is suffering.
While Lehman Brothers (LEH, Fortune 500) owned up to a nearly $4 billion loss in the third quarter, […]
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Lehman Brothers has finally announced a path to raising capital. But after Tuesday’s 45% plunge in its stock price, it’s unclear if Wall Street will let chief executive officer Richard Fuld carry out the plan.
Lehman’s (LEH, Fortune 500) stock was down about 2% late Wednesday morning after the company said it would slash its […]
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Lehman Brothers shares lost about 40 percent on Thursday as Wall Street questioned whether the investment bank will survive because of its failure to sell assets to cover losses from toxic real estate investments.
In early trade, the stock was recently down $2.92, or 40 percent, at $4.32 as analysts voiced doubts about the bank’s […]
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Rebecca Reeder sees room for improvement at Nardin Academy High School.
Ninety-one percent of Nardin’s 2007 graduates passed eight Regents exams during their careers, thereby earning Regents diplomas with advanced designations. That rate was the best in Western New York. But Reeder, who is Nardin’s principal, wants to nudge it higher.
“Our hope is to get that […]
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Deutsche Bank Securities Inc has agreed to pay a $575,000 fine for short-selling violations in the largest penalty to date from NYSE Regulation.
NYSE Regulation, the watchdog arm of the New York Stock Exchange (NYX.N: Quote, Profile, Research, Stock Buzz)(NYX.PA: Quote, Profile, Research, Stock Buzz), said on Wednesday that Deutsche Bank Securities made a significant […]
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Shares in the parent company of United Airlines fell 11% Monday after being halted on speculation about a bankruptcy filing based on what the company said was a dated news story.
UAL spokeswoman Jean Medina told CNNMoney.com said the bankruptcy rumors were "completely untrue."
The Nasdaq shut trading of the airline stock at 11:06 a.m. ET. […]
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Fewer Americans signed contracts in July to purchase previously owned homes, a sign that falling home prices aren't enough to bring buyers back into the market, economists said before a private report today.
The index of pending home resales fell 1.5 percent after a gain of 5.3 percent in June, according to the median […]
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