UNITED STATES

National City Raising $7 Billion After Housing Losses

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National City Corp. said it will raise $7 billion in capital on Monday, following the lead of other major lenders, after reporting a first quarter miss due primarily to provisions for future losses in the falling housing market.
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Impact Silver Looks to Build on Success

By Andrew K BurgerMore than 700 known prospects have been identified on the Zacualpan and recently acquired Mamatla properties and more than 15,000 metres of surface and underground drilling is planned
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S&P to Lower Harley-Davidson Rating

Standard & Poor's stated on Friday that it could lower its ratings on Harley-Davidson Inc. due to a weak motorcycle market outlook in the United States.S&P has an A corporate credit r...
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Oil floats on infinity and beyond

By Edward Tapamor A number of factors have been underpinning the new highs set by the crude oil market this week. The most obvious is the perennial tightness in the market that will simply n...
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Google earnings surprise may give Yahoo leverage

An earnings windfall for Google Inc should benefit rival Yahoo Inc in buyout talks with Microsoft Corp, as investors view the results as proof of a robust online advertising market.Yahoo is enterin...
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Brokers feel a pulse in U.S. home market

While the data says no end in sight for the U.S. housing crisis, real estate agents are beginning to see signs of life among people looking for homes to buy around the United States.It's too...
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AT&T Cuts 4,650 Jobs in Efficiency Move

AT&T Inc, the largest U.S. telecommunications provider, said it would cut about 1.5 percent, or about 4,650 of its workforce incurring a pre-tax charge of $378 million.The company says it is th...
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Caterpillar Results Send Stock Up 8 Pct

Caterpillar Inc., the world's largest maker of bulldozers, said first-quarter profit rose 13 percent, beating estimates and citied stronger sales in Asia and in North America. Shares jumped as m...
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Japan Stocks Continue Rise on Weaker Yen

Japan stocks continued to rise for fourth-straight-day Friday due to weaker yen against dollar. Investors eased fears over the U.S. economic situation but are still waiting for a number of companies ...
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Crude Oil Hits New Record Above $116 a barrel

U.S. crude oil prices jumped today above the record high of $115.54 posted on Thursday, as a sabotage in a pipeline in Nigeria rose concerns that demand may increase.For the first time, oil futures...
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Citi Stock Jumps as Results Beat Worst Expectations

Citigroup Inc, the biggest U.S. bank by assets, avoided more severe expectations for losses on Thursday after reporting a $5.1 billion loss in its first quarter, sparking a relived rally among invest...
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'Gold will undo this week's handsome gains'

By Jon Nadler Weighed down by a retreat in crude oil and the dollars ascent to 72 on the index, gold prices took a nearly 2% tumble in the early morning prior to the New York opening.Yeste...
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Brown aiming for economic stability

Prime Minister Gordon Brown said on Thursday that he and US President George W. Bush would be doing whatever is necessary to ensure that the UK and US economies resume their paths of upward growth....

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