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U.S. Stocks Plunge, Led by Financial Shares

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U.S. stocks fell for a second day Tuesday with increasing speculation that Lehman Brothers Holdings Inc. will be forced to raise more capital led a slump in financial shares.
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GM to Cease Production at 4 Factories, Mulls Hummer Sale

General Motors Corp. said Tuesday it would close four North American plants, amid a steep drop in U.S. sales of pickup trucks and sport-utility vehicles as fuel prices continue to soar, increasing investment in smaller cars and passenger vehicles.
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S&P Slashes Ratings of Major U.S. Securities Firms

Morgan Stanley, Merrill Lynch & Co. and Lehman Brothers Holdings Inc. had their credit ratings cut on Monday by Standard & Poor's on concerns that continued weakness in the sector could lead to more write-offs.
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Wachovia, WaMu shake up top ranks after setbacks

After heavy losses and pressure from shareholders to return to profitability, directors at two large U.S. banks - Wachovia Corp. and Washington Mutual Inc. - on Monday announced top-level management changes.
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U.S. Stocks Plunge as Banks Decline

Wall Street began June in the red, falling for the first time in five days, as the Dow quickly lost more than 100 points Monday morning on more worries about the financial sector after Wachovia Corp. ousted its chief executive.
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As Wal-Mart turns around, investors eye second act

Wal-Mart Stores Inc CEO Lee Scott's back-to-basics strategy for guiding the big-box retailer through the U.S. economic downturn has jump-started sales, boosting its bottom line and share price alike.
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U.S. Stock Indexes Gain, Dell Lifts Tech Sector

U.S. stocks rose for a fourth day on Friday with technology gaining on better-than-expected profit from computer maker Dell Inc which signaled stronger business spending, while the broad market was little changed after three days of gains.
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U.S. Stocks Gain as Oil Soars

U.S. stocks rose on Thursday for a third consecutive day after oil dropped, easing inflation concerns, while the government reported that the economy grew last quarter at a faster pace than previously predicted.
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This Week In Petroleum - May 29

Good, Better, and Best-A Comparison of Weekly, Monthly, and Annual Data When buyers are confronted with a major purchase, they often weigh their options by considering whether to buy a good, better, or best product. All
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Costco 3Q Up 32 Pct, Surpasses Expectations

Costco Wholesale Corp., the largest U.S. warehouse club operator, said Thursday its third-quarter profit climbed 32 percent to beat expectations, as discounts on gasoline and food lured shoppers to its stores.
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Medicines Co. Shares Fall after FDA Rejects Angiomax

The Medicines Company said on a press release on Wednesday that it received a not approvable letter from U.S. regulators on a supplemental New Drug Application for an additional dosing regimen for Angiomax in the treatment of acute coronary syndromes.

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