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Retail sales surged in August, with the Cash for Clunkers program giving auto sales an extra boost, the government reported Tuesday.
The Commerce Department said total retail sales jumped 2.7% last month, compared with July’s revised decline of 0.2%. Economists surveyed by Briefing.com predicted August sales increased 2%.
Sales excluding autos and auto parts rose 1.1%, […]
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Protectionist policies could hold back global economic recovery and weaken key industries long after the current crisis ends, the World Trade Organization said on Monday.
In a joint report with the U.N. trade and development agency UNCTAD and the Organization for Economic Cooperation and Development (OECD), the WTO said most leading economies have invoked "trade […]
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Stocks slipped Friday, as falling oil prices dragged on the influential commodities sector and investors took a step back after pushing the major indexes to 11-month highs in the previous session.
The Dow Jones industrial average (INDU) lost 21 points, or 0.2%. The S&P 500 (SPX) index lost 1 point, or 0.1%. Both the Dow […]
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American Airlines is in talks to take a minority stake in Japan Airlines (JAL) and form a joint venture with the struggling airline, a source said, pitting it against a rival bid from Delta Airlines.
JAL, Asia’s largest airline by revenues, lost about $1 billion last quarter and has been seeking investors to prop up […]
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Come Wednesday, BUD will be back.
Anheuser-Busch InBev, the world’s biggest brewer, said Friday that investors will be able to trade its stock on the New York Stock Exchange. The ticker symbol of the financial instrument: BUD.
That’s a blast from the past. BUD was Anheuser-Busch’s ticker symbol for decades before it […]
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"Don’t copy, don’t copy that floppy!"
The tech literati will remember that jingle from the uber campy — and funny — 1992 anti-piracy video "Don’t Copy That Floppy." With the techno music and 80s-era style, the video was definitely needed a makeover for the iTunes era.
On Wednesday, the Software & Information Industry Assocation released its […]
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Don’t look to consumers to spend their way to an economic recovery.
Just how stressed American consumers — and their lenders — feel was evident in the latest consumer credit report issued Tuesday by the Federal Reserve. The amount of credit outstanding fell by a record $21.6 billion in July, the sixth straight month of […]
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A proposed health care compromise by the powerful chairman of the Senate Finance Committee lacks a government-run insurance option and would tax the most expensive health insurance plans, a source close to the discussions told CNN Monday.
As expected, the proposal from Sen. Max Baucus, D-Montana, excludes the so-called public insurance option to compete with […]
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Stocks rallied Friday in a thinly traded session ahead of the Labor Day weekend, as investors focused on the positives in a mixed report on the labor market.
The Dow Jones industrial average (INDU) gained 96 points, or 1%. The S&P 500 (SPX) index added 13 points, or 1.3%. The Nasdaq composite (COMP) advanced […]
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Chinatrust Financial said on Monday it was planning to raise more cash on top of a $1.34 billion private placement announced on Friday, but declined to comment on reports it had outbid rivals for AIG’s Taiwan unit.
A source with direct knowledge of the deal told Reuters on Saturday that Chinatrust offered a larger-than-expected $2.4 […]
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