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U.S. retail sales to fall 2.4 pct in Q2: ShopperTrak

U.S. retailers will continue to face difficulties in the second quarter as both traffic and sales levels are expected to post steady declines versus the same period last year, according to retail research and information company ShopperTrak.
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Citigroup CFO to run troubled bank unit

Citigroup Inc named Chief Financial Officer Gary Crittenden as chairman of troubled banking unit Citi Holdings on Friday, and elevated Edward Kelly to replace him as CFO.
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CORRECTED: Cybersquatting cases hit record in 2008

Companies and celebrities ranging from Arsenal football club to actress Scarlett Johansson filed a record number of cybersquatting cases in 2008 to stop others from profiting from their famous names, brands and events, a United Nations agency said on Sunday.
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Cybersquatting cases hit record in 2008

Companies and celebrities ranging from Arsenal football club to actress Scarlett Johansson filed a record number of cybersquatting cases in 2008 to stop others from profiting from their famous names, brands and events, a United Nations agency said on Sunday.
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Fitch cuts Roche rating on Genentech deal

Fitch Ratings on Friday cut its credit rating and outlook on Roche Holding citing the company's increased debt after a deal was reached for it to buy the 44 percent it did not already own in Genentech.
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U.S. jobless claims jump, retail sales edge down

The number of U.S. workers drawing unemployment benefits hit a record in February as companies struggle with a 14-month recession, data showed on Thursday, but a slight easing in retail sales last month offered cautious optimism.
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U.S. consumers say better times a year away

Nearly a third of U.S. consumers feel it will be a year before their families are better off than they are today, and more than a quarter think it will take longer, according to a retail survey on behalf of Reuters.
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JPMorgan sees home equity losses and 12,000 WaMu cuts

JPMorgan Chase & Co said it expects losses of $1 billion to $1.4 billion in each quarter of 2009 tied to its non-credit-impaired home equity loan portfolio. The second-largest U.S. bank also said on Thursday that falling home prices may result in more borrowers with home equity loans owing more than their residences are worth. It said this could affect 35 percent to 39 percen...
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Best Buy appoints new CEO amid tough times for retail industry

Best Buy Co Inc, the largest U.S. electronics retailer, said today its appointing Brian J. Dunn as its new Chief Executive Officer replacing Bradbury H. Anderson who will step down in June. The management move comes amid troubled times for retail stores hit by the economic recession as consumers cut their spending.

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