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Stock futures signal Wall Street gains on oil

Stock futures signaled Wall Street would rise at the open on Thursday as rising oil prices boosted energy shares and sentiment was underpinned by optimism about the Federal Reserve's bid to lower borrowing costs.

Stock futures point to lower start

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Stock futures pointed to a lower open on Wall Street on Thursday following a strong rally overnight after the Federal Reserve surprised investors when it said it would buy long-term Treasury bonds for the first time in four decades.
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Oil hits $50 on Fed's bond move, weak dollar

Oil rose to $50 a barrel for the first time since January on Thursday after a move by the Federal Reserve to buy government bonds hit the dollar and revived hopes the U.S. economy could soon begin its recovery.
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Eddie Bauer risks violating debt obligations

Specialty apparel retailer Eddie Bauer Holdings Inc said it faced significant risk of violating its consolidated secured leverage ratio as early as the first half of fiscal 2009.
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Dollar hit, Asian stocks rally on Fed move

The U.S. dollar nursed big losses on Thursday and Asian government bonds rallied after the Federal Reserve vowed to buy long-dated U.S. Treasuries, reviving a practice not used in decades to revive an ailing economy.
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Nike Inc 2009 Q3 weak sales

NIKE Inc, the world's leading retailer of athletic footwear and apparel maker, said Wednesday its sales dropped in the third quarter of 2009.
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U.S. regulators ignored red flags on risk: GAO

The U.S. government's hodgepodge of financial regulatory agencies failed to take a big-picture view of risk and ignored red flags in the current economic crisis, a government report said on Wednesday.
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JPMorgan CEO Dimon's 2008 compensation falls

JPMorgan Chase & Co Chief Executive Jamie Dimon received about $19.7 million in total compensation for 2008, down from about $34 million in 2007, the company revealed in materials filed with U.S. regulators ahead of its annual shareholder meeting.
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BMW fixed on cash for independence, Ford offers bonds

Luxury carmaker BMW said on Wednesday it intended to stay independent despite the decline in vehicle demand, as Ford Motor Co became the second carmaker to offer securities backed by auto loans to take advantage of a U.S. program aimed at thawing consumer credit for new vehicles.
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Pentagon in intense review of Europe missile shield

A plan to expand a controversial U.S. ballistic-missile shield into Eastern Europe is being scrutinized as part of a 2010 budget request to be sent to Congress next month, the Pentagon's chief financial officer told Congress on Wednesday.
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Merrill bonus names are not secret: NY judge

The names of 200 highest bonus earners at Merrill Lynch & Co last year are not a trade secret and can be made public in an investigation by New York's top legal officer, a judge ruled on Wednesday.
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Wall St. rallies as Fed raises optimism

Stocks leaped on Wednesday after the Federal Reserve surprised Wall Street when it said it will buy long-term Treasury bonds for the first time in four decades in an effort to revive the recession-hit economy.
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U.S. inflation rises, trade gap shrinks sharply

U.S. inflation rose in February on higher gasoline and apparel prices, government data showed on Wednesday, indicating some pricing power in the recession-hit economy and easing fears of deflation for now.
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B of A, Citigroup soar on hope worst has past

Bank of America Corp and Citigroup Inc shares have roughly tripled from the multi-decade lows of less than a month ago and powered higher on Wednesday on optimism government efforts to stimulate lending might boost stocks after punishing recent declines.
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Starbucks CEO says on track to make savings

Starbucks Corp is on track to hit its target of $500 million in cost savings this fiscal year as the world's biggest coffee chain closes stores and sheds staff, its chief executive said at the company's annual shareholder meeting.
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BofA, Citigroup surge on hope worst has passed

Bank of America Corp and Citigroup Inc shares have roughly tripled from multi-decade lows set less than a month ago, and powered higher on Wednesday on speculation their recent punishing declines might have been too severe.
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BofA, Citigroup surge on hope worst has past

Bank of America Corp and Citigroup Inc shares have roughly tripled from multi-decade lows set less than a month ago, and powered higher on Wednesday on speculation their recent punishing declines might have been too severe.
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Fed to buy long-term U.S. government debt

The U.S. Federal Reserve on Wednesday, in a surprise move, said it will buy up to $300 billion worth of longer-term U.S. government debt over the next six months and expand purchases of mortgage-related debt to help ease credit market conditions.
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B of A, Citigroup surge on hope worst has past

Bank of America Corp and Citigroup Inc shares have roughly tripled from multi-decade lows set less than a month ago, and powered higher on Wednesday on speculation their recent punishing declines might have been too severe.
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Fed says to buy long-term U.S. government debt

The U.S. Federal Reserve on Wednesday, in a surprise move, said it will buy up to $300 billion worth of longer-term U.S. government debt over the next six months and expand purchases of mortgage-related debt to help ease credit market conditions.
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AIG debacle chills investor interest in bailout plans

The American International Group bonus payment debacle could not have come at a worse time for a U.S. government that desperately needs to attract up to $2 trillion of private capital for its latest efforts to repair a crippled financial system.

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