Most interesting finance and busines news.
Executives at companies from General Motors Corp. to Domino's Pizza Inc. and Novell Inc. say Wall Street's upheaval may stunt demand as a credit crunch ripples through the U.S. economy.
The cost of borrowing in U.S. dollars surged to the highest level since 2001 following Lehman Brothers Holdings Inc.'s collapse, Merrill Lynch & Co.'s […]
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The University of Colorado-Boulder will announce Monday afternoon that it has won a NASA contract to lead a project to study the past climates of the planet Mars, with officials describing it as the largest research contract in the history of the Boulder campus.
CU-Boulder scheduled a 2 p.m. MDT news conference to announce details of […]
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Industrial production in the U.S. fell in August by the most in almost three years as the slowdown in consumer spending prompted automakers to cut back.
The 1.1 percent decrease in production at factories, mines and utilities was more than forecast, Federal Reserve figures showed today. Car output slumped 12 percent, the most in […]
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The Federal Reserve widened the collateral it accepts for loans to securities firms to include stocks in an effort to help Wall Street weather Lehman Brothers Holdings Inc.'s plans for bankruptcy.
The Fed also yesterday boosted its program for lending Treasuries to bond dealers by $25 billion, bringing it to $200 billion. At the […]
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China's central bank may cut the amount of cash it requires lenders to set aside as reserves as inflation slows and economic growth weakens.
Inflation was the weakest in 14 months in August, export growth cooled and industrial output grew by the least in six years, according to data released this week.
The government […]
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Anheuser-Busch said Wednesday that a lawsuit filed in an attempt to block InBev’s $52 billion takeover of the Budweiser maker lacks merit.
"We believe that the claims alleged in the lawsuit are without merit and we intend to vigorously defend against them," Gary Rutledge, vice president of legal and government affairs, said in a statement.
Joseph Alioto, […]
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Longs Drug Stores Corp. agreed to settle some class action lawsuits connected to its proposed sale to CVS Caremark Corp.
A court must still approve any settlement, which would dismiss the claims. Complaints had been filed against Longs (NYSE: LDG) on behalf of the Louisiana Municipal Police Employees' Retirement System, Steamfitters Local 449 Pension Fund […]
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Stocks struggled Tuesday morning, as investors were cautious after the previous session’s advance on relief about the government’s housing rescue plan.
The Dow Jones industrial average (INDU), the broader Standard & Poor’s 500 (SPX) index and the Nasdaq composite (COMP) all inched lower in the early going.
That followed a strong session Monday, when the Dow […]
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Russia's economy expanded at a slower pace in the second quarter as lower investment and the strong ruble hurt domestic producers.
Gross domestic product grew 7.5 percent, compared with 8.5 percent in the previous three-month period, the Moscow-based Federal Statistics Service reported in an e-mailed statement. The figure is not seasonally adjusted. The median […]
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Bargain Chinese property projects will be up for grabs in coming months as developers scramble to survive falling home sales and a funding crunch.
But circling foreign funds can no longer expect a big firesale as the government eases its tough steps to cool the market, fearing mass bankruptcies and a property price slide that […]
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