UNITED STATES

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United Air, Continental in Alliance Talks; Reports

UAL Corp.'s United Airlines and Continental Airlines Inc., the carriers that broke off merger talks last month, have revived talks about a possible alliance to help the companies to set pricing and schedules, according to media reports.
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J.C. Penney 1Q Down 50 Pct

J. C. Penny Co. reported that its first-quarter profit fell by 50 percent on lower consumer spending and it forecast a similar profit drop for its current quarter.
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CBS to Buy CNET for $1.8 Bln

CBS Corp. made a major push into the Internet world on Thursday, announcing that it was acquiring CNET Networks for about $1.8 billion, owner of numerous entertainment and information Web sites.
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Dollar holds gains versus yen as stocks rise

The dollar was little changed against the yen on Thursday holding on to gains from yesterday as U.S. stocks rose on consumer prices which rose less than expected, alleviating inflation worries.
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Delta Air Lines Pilots OK Northwest Takeover

Delta Air Lines said Wednesday its pilots had cleared merger plans with Northwest Airlines, removing a possible hurdle of labor disruptions and allowing the companies to create the largest US carrier.
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Geron's Spinal Cord Injury put on Hold by FDA

Geron Corp. the developer of biopharmaceuticals for cancer and chronic degenerative diseases treatments said U.S. regulators put a clinical hold to its investigational cell therapy for spinal cord injury.
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Clear Channel, Suitors, Lenders Prepare Way for Merger

Clear Channel Communications Inc. and the banks that agreed to finance its highly leveraged buy-out were able to enter into a settlement agreement ending lawsuit proceedings previously filed in New York State Supreme Court and Bexar County District Court.
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Craigslist Fires Back at eBay With Lawsuit

Online classifieds leader Craigslist.com filed a countersuit on Tuesday against business rival eBay, accusing the company of using its minority stake in Craigslist to gain access to trade secrets.
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U.S. Stocks Drop on Weak Economic Data

U.S. stocks fell at Tuesday's start, after the government said soaring fuel prices did not hinder consumers from shopping as much as expected and Oppenheimer & Co.'s Meredith Whitney cut profit projections for Wall Street's biggest securities firms.
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Wal-Mart Profit Rises but Shares Fall on Forecast

Wal-Mart Stores reported a profit and revenue which matched analysts estimates, however its shares fell as the company anticipates possible flat sales in the coming quarter. Wal-Mart Stores, Inc said profit grew nearly 7 percent in its first quarter as sales grew 10 percent despite the slowdown in the U.S. economy.
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Toyota Delays Plans to Open U.S. Plant

Toyota has delayed plans to begin production at a new auto assembly plant in Mississippi after considering the slowing U.S. economy, a senior Toyota executive said on Monday.

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