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Dow, S&P end lower as Pfizer, Obama reforms weigh

Stocks mostly fell on Wednesday as Pfizer's disappointing outlook weighed on the health sector, and President Obama's pledge to complete banking and healthcare reform revived fears of increased regulation.

U.S. steps up pressure on Toyota

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The Obama administration stepped up the pressure on Toyota Motor Corp on Wednesday to address a range of safety issues as investors and consumers reacted to the deepening crisis for the world's largest automaker.

U.S. says 22 in bribery case part of one conspiracy

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Twenty-two people charged with violating U.S. bribery laws after allegedly trying to win arms deals from what they thought was an African defense minister were part of a single conspiracy, a U.S. prosecutor said on Wednesday.
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Sarah Palin's got Ohio on her mind

POLITICO (Washington) - Sarah Palin's political action committee has been selective and strategic in its donations to candidates over the past six months, but if money is any indication of where her heart lies, her political loyalties can be traced to Ohio.While SarahPAC has devoted just 5 percent of its total expenditures over that period to fellow GOP colleagues, four of the 17 candidates Palin contributed to hail from Ohio — the state where she held by far the most presidential campaign ...
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Dow, S&P drop after 2-day rally; health, banks lag

Stocks mostly fell on Wednesday, retreating from a two-day rally, as Pfizer's disappointing outlook and the president's commitment to bank and healthcare reform weighed on the financial and health sectors.
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Treasury announces $81 billion refunding

The U.S. Treasury Department on Wednesday announced an $81 billion quarterly debt refunding and said government securities issuance may be peaking, although the government plans to expand its offerings of inflation-protected securities.
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MetLife shares drop as S&P warns of downgrade

MetLife Inc faced a possible credit ratings downgrade and its shares dropped more than 4 percent on Wednesday, a day after the biggest U.S. life insurer confirmed it was in talks but hadn't reached a deal to buy a unit of American International Group Inc .
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Business bankruptcies rose 7 pct in January

U.S. business bankruptcy filings rose 7 percent in January from a year ago, according to a bankruptcy data provider on Wednesday, as the sluggish economy hurt sales and hindered businesses' ability to refinance heavy debt obligations.
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Borders shares soar 38 percent after Ackman comments

Borders Group Inc shares spiked nearly 40 percent on Wednesday after its largest investor, William Ackman, said there was little likelihood the struggling bookseller would file for bankruptcy and it could even be part of an industry consolidation.
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Chrysler in talks to take back Detroit-area plant

Chrysler is in talks to take back a Sterling Heights, Michigan, assembly plant that it had abandoned in bankruptcy, a move that could save about 1,200 jobs once expected to be eliminated by the end of 2010.
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Movie Gallery files bankruptcy, to shut 805 stores

Movie Gallery Inc, the operator of the Hollywood Video rental chain, plans to close 805 poorly performing U.S. stores after falling sales and mounting losses led to its second bankruptcy in three years.
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Comcast profit up on Internet, phone subscribers

Comcast Corp posted a higher-than-expected quarterly profit as it added Internet and phone subscribers, but its margins were hit by marketing costs as the No. 1 U.S. cable operator fends off competition from phone and satellite companies.
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Oil slips towards $77 on U.S. crude oil build

Oil slipped toward $77 a barrel on Wednesday after U.S. data showed crude inventories in the world's largest energy consumer rose more than expected while refinery utilization rates fell again.
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Super boost for small business

Miami businesses have been pulling out all the stops - including handing out free cocktails - to try to coax money from a large influx of tourists ahead of this weekend's Super Bowl.
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Exclusive: Small business loan defaults down in December

Defaults by small and medium-sized U.S. businesses on loans, leases and credit lines to finance capital equipment investment fell for the first time in two years in December, adding to signs of a nascent economic recovery, PayNet Inc reported.
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Pace of private sector job losses slows

The pace of job losses in the private sector slowed in January as employers reported the smallest payroll decline in nearly two years, while the dominant services sector grew slightly, data showed on Wednesday.
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Borders shares soar 40 percent after Ackman comments

Borders Group Inc shares spiked more than 40 percent on Wednesday after its largest investor, William Ackman, said there was little likelihood the struggling bookseller would file for bankruptcy and could even be part of an industry consolidation.
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Pay czar says AIG bonus flap to end in March

President Barack Obama's pay czar on Wednesday predicted the issue of hefty bonuses for AIG employees would end in March and denied a Republican claim that the firm outmaneuvered the Obama administration.
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Toyota reports Pruis brake problem

Toyota Motor Corp. announced more problems with its vehicles, reporting brake problems with the popular Toyota Prius hybrid gas-electric car.
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Honda ups outlook but worries about Toyota recall

Honda Motor Co raised its annual forecast on Wednesday after cost-cuts boosted quarterly profit and said it was concerned that rival Toyota's huge safety recall might tarnish other Japanese brands.

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