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Commerce Bancorp replaces CEO, fixes governance

Commerce Bancorp Inc. on Friday announced the sudden departure of Chairman and Chief Executive Vernon Hill and said it had agreed with federal regulators on governance changes after coming under fire for its business dealings with insiders.

U.S. growth slows to 4-year low in first quarter

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The U.S. economy grew slightly faster than previously estimated in the first quarter, but still at the weakest pace in more than four years and inflation was higher as well, data on Thursday showed.

Futures flat before Fed rate decision

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Stock index futures pointed to a flat to slightly higher market open on Thursday ahead of a packed agenda that includes the latest interest-rate decision from the Federal Reserve.
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Colgate warns of fake toothpaste in U.S.

Colgate-Palmolive Co. on Thursday said counterfeit 'Colgate' toothpaste that may contain a toxic chemical had been found in discount stores in four U.S. states.
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Prudential Closes Stock Research Arm

Prudential Financial, Inc. (NYSE: PRU), said it would close its stock research, sales and trading division, with over 400 job cuts at 13 locations worldwide expected.
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4 Charged in Plot to Blow up NYC Airport

Federal authorities said a plot by a suspected Muslim terrorist cell to blow up John F. Kennedy International Airport, its fuel tanks and a jet fuel artery could have caused unthinkable devastation.
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Avaya in Takeover Talks: Report

Corporate phone system maker Avaya Inc. (NYSE: AV) is reportedly in talks about selling all, or part of the company to a private equity firm and other bidders.
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Memory Pharma Rockets on Clinical Trial Enrollment

Shares of drug maker Memory Pharmaceuticals Corp. (NASDAQ: MEMY), skyrocketed on Monday, after the company announced it had has completed enrollment for Phase IIa trials of its Alzheimer’s treatment on Thursday. The market was closed on Friday.
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Judge Bars Vonage from Signing Up New Customers

A federal judge has barred Internet phone company Vonage Holdings Corp. (NYSE: VON) from signing up new customers as it appeals a ruling that it infringed upon Verizon Communications, Inc. (NYSE: VZ) patents.
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Checkpoint Shares Jump on Strong Earnings

Retail security firm Checkpoint Systems, Inc. (NYSE: CKP) announced results for its fiscal fourth quarter on Friday, posting an earnings increase of 93 percent on higher volumes in its core business and foreign exchange.
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Merck Settles $2.3 Billion IRS Dispute

Merck & Co. (NYSE: MRK) said Wednesday it will pay $2.3 billion in taxes, interest and penalties to settle a dispute with the Internal Revenue Service.
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Wall St Week Ahead: Dow May Test Highs

U.S. stocks may test record highs next week as muted oil prices take center stage. But the September jobs report on Friday could keep traders cautious and upend a rally.
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Sportingbet exec arrested on gambling charges

The United States has arrested a second Internet gaming executive, adding to fears it is cracking down on the lucrative industry and sparking share price falls on Thursday that wiped over $1.5 billion off the market value of the sector.
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Schering-Plough profit eclipses expectations

Schering-Plough Corp. on Monday reported quarterly earnings far higher than Wall Street expected, fueled by growing demand for its drugs against cholesterol, arthritis, allergies and hepatitis C.
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Merck profit doubles, raises 2006 forecast

Merck & Co. on Monday said its second-quarter earnings more than doubled on growing demand for its drugs, blowing past Wall Street expectations, and raised its full-year profit forecast.
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Microsoft Files 26 U.S. Piracy Lawsuits

Microsoft Corp. has filed 26 lawsuits accusing U.S. companies of selling pirated software, the latest move in its ramped-up efforts to boost sales by cracking down on illegal copies.

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