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Fiat denies plan to assume Chrysler debt

Italy's Fiat SpA denied on Friday it would assume any current or future debt from Chrysler LLC , the troubled U.S. car maker with which it plans to form a partnership.
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Citigroup CFO to run troubled bank unit

Citigroup Inc named Chief Financial Officer Gary Crittenden as chairman of troubled banking unit Citi Holdings on Friday, and elevated Edward Kelly to replace him as CFO.
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FTC to curb mortgage-lending abuse: report

The U.S. Federal Trade Commission (FTC) will use new authority to bar lending practices by mortgage brokers who have deceived borrowers, Bloomberg said, citing the FTC's chairman.
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Satyam board meets as bid interest deadline nears

The board of Satyam Computer Services Ltd began a meeting on Friday as the deadline neared for suitors to submit their expressions of interest in acquiring a majority stake in the fraud-hit Indian outsourcer.
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Dollar rebounds after large losses; oil retreats

The U.S. dollar edged higher on Friday but still headed for its biggest weekly fall in 24 years on investor fears that it will lose its status as the world's reserve currency, while oil prices ceded ground after a recent rally.
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Blockbuster profit beats Street

Top U.S. movie rental chain Blockbuster Inc beat Wall Street earnings estimates and said it had reached agreements with most creditors to restructure debt due in August.
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U.S. video game sales up 10 percent in February

U.S. video game sales rose 10 percent in February to $1.47 billion, led again by Nintendo's blockbuster Wii console, as gaming continued to show resilience despite an economic downturn that has sapped consumer spending.
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Palm says Pre on track as revenue plummets

Palm Inc on Thursday said its upcoming Pre phone needs more polishing but that it was on track to start selling the high profit device in the first half of the year as it looks to grab back smartphone business from rivals.
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GE Capital sees '09 profit, but below December view

General Electric Co's hefty finance arm expects to be profitable this year even though the economy may drive its profit down, nearer to $2 billion to $2.5 billion than to a $5 billion figure it gave in December, a top GE executive said on Thursday.
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Blockbuster posts steep net loss on charges

Top U.S. movie rental chain Blockbuster Inc turned in a quarterly net loss on Thursday due to a non-cash charge of $435 million for the impairment of goodwill and other assets, the company said.
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U.S. jobless rolls swell to record 5.47 million

The number of U.S. workers drawing state unemployment benefits hit another record high early this month and factory activity in the Mid-Atlantic region shrank again as the economy battles a severe downturn.
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Wilbur Ross sees more banking failures

Investor Wilbur Ross, who made a fortune snapping up distressed companies, said on Thursday he expects as many as 800 more U.S. banks to fail in the next few years.

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