UNITED STATES

U.S. stocks Gain as Oil Retreats; HP Report

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U.S. stocks rose the most in a week on Monday, in anticipation of better-than-estimated earnings while oil retreated from record highs, and a late afternoon report that Hewlett-Packard Co. is near a deal to buy Electronic Data Systems Corp. for as much as $13 billion.

Chinese ADRS Fall After Quake

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Shares if Chinese stocks listed in the U.S. fell on Monday after an earthquake in central China killed nearly 9,000 people.
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Pipex Shares Jump 28 Percent on Orphan Drug Designation

Shares of Pipex Pharmaceuticals Inc., developer of neurologic and autoimmune diseases treatments, jumped on Monday as it announced it has obtained an orphan drug designation for one of its drugs to cure a deadly pulmonary disease.
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Aid on the way to devastated Myanmar; and heavy rain

More aid is on the way to cyclone-ravaged Myanmar - but so is the heavy rain. A week after Cyclone Nargis flattened low-lying villages and killed whole families at a time, the military junta finally agreed Friday to allow a U.S. cargo plane to bring in food and other supplies to the isolated country. Myanmar gave the green light after confiscating other shipments, prompting the U.N. to order a temporary freeze in shipments.
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Chevron to Lay-Off 1,100 Employees

Chevron Corp. said that about 1,100 employees are eligible for severance payments at the end of the first quarter, after eliminating the positions as part of a restructuring and reorganization plan.
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Hezbollah gunmen seize control of Beirut neighborhoods

Shiite Hezbollah gunmen seized control of key parts of Beirut from Sunnis loyal to the U.S.-backed government Friday, a dramatic show-of-force certain to strengthen the Iranian-allied group's hand as it fights for dominance in Lebanon's political deadlock.
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U.S. Stocks Drop, Led by Energy; AIG Plunges

U.S. stocks fell on Friday, pushing the market to its first weekly drop in a month, as oil soared past $126 a barrel and metal producers retreated on concern the surge in commodity prices will end.
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Wachovia Splits Chairman, CEO Roles

Wachovia Corp., the fourth largest U.S. bank, said on Thursday that it is separating the roles of Chairman and CEO, with Ken Thompson retaining his chief executive role and board member Lanty Smith now serving as non-executive Chairman, effective immediately
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AIG Will Raise Capital after 1Q Big Loss

American International Group Inc., the world's largest insurer by assets, announced plans to raise $12.5 billion in capital as it posted its second straight big quarterly loss.

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