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Neiman Marcus posts loss

Upscale retailer Neiman Marcus posted a quarterly loss on Wednesday, as sales suffered through the holiday season at the hands of frugal U.S. consumers.
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China exports slump; IMF warns on toxic banks

A drop in Chinese exports and falling prices in Japan and Germany underscored the weakness of the world economy, while the IMF said governments are moving too slowly to rid banks of their toxic assets.
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Citi hopes boost Asia stocks but China gloomy

Asia stocks rose on Wednesday after hopes Citigroup will deliver a first-quarter profit sparked an improvement in investor confidence, though grim Chinese export data sent dealers buying the U.S. dollar for safety.
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China exports slump; Citi cheers investors

China's exports tumbled in February and Japan's wholesale prices fell by the most in six years, stark illustrations of a bleak world economy even as Citigroup boosted investor confidence in the banking sector.
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Apple orders touchscreens for Q3: source

Apple Inc. will take third-quarter delivery of newly developed 10-inch touchscreens from Taiwan, a source said on Wednesday, amid talk the U.S. firm is developing a touch-screen PC.
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Citi hopes support Asia stocks but China weighs

Asia stocks rose on Wednesday after hopes Citigroup will deliver a first-quarter profit sparked an improvement in investor confidence, though grim Chinese export data sent dealers buying the U.S. dollar for safety.
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Citigroup cheers markets but economies still bleak

Citigroup said it was profitable in the first two months of 2009 and Toshiba was reported to be set for an operating profit of $1 billion next year, two rare shards of corporate news to lift markets.
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Global stocks rally on Citi memo

The U.S. dollar slipped and world stocks rallied in their biggest single-day gain in three months on Tuesday after a Citigroup memo saying the troubled bank made a profit in January and February fuelled the appetite for risk.
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DISA and Verizon enter into $2.5 Billion deal

On March 10 Verizon Business announced it will provide network and data services at U.S. Department of Defense installations around the world under a new contract awarded by the Defense Information Systems Agency (DISA).
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Sudan’s U.S. embassy urges Americans to leave

On Tuesday the U.S. Embassy in Sudan authorized nonessential staff and family to leave the country, citing that protests against the International Criminal Court's indictment of the Sudanese president could increase the danger of anti-Western violence.
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Uptick rule eyed, Fed chief backs accounting tweak

U.S. Regulators will consider reviving the uptick restriction on short-sellers of stocks and a top monetary official lent his support on Tuesday to modifying an accounting rule that has forced banks to take billions of dollars in writedowns.
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Bernanke says G20 should guide regulatory revamp

Federal Reserve Chairman Ben Bernanke on Tuesday said leaders from the Group of 20 rich and developing economies should agree early next month on principles to guide nations as they revamp financial rules to prevent future crises.
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U.S.-China spat raises tension

The United States accused China on Tuesday of adopting a more aggressive military stance as a naval confrontation sparked anger in Beijing and raised tensions ahead of a U.S. visit by China's foreign minister.
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Citigroup's Pandit says bank profitable, shares soar

Citigroup Inc was profitable in the first two months of 2009 and is confident about its capital strength, Chief Executive Vikram Pandit said, easing concerns about the bank's survival prospects and sending its shares up 38.1 percent.

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