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    Business Headlines
    Stocks mixed as energy sector rises, Lehman falls (AP)

    The Wall Street sign is seen in front of the New York Stock Exchange January 22, 2008. (Chip East/Reuters)AP - Stocks finished another volatile session narrowly mixed Friday, as gains in the energy, utilities and materials sectors offset some of Wall Street's angst over the fate of Lehman Brothers Holdings Inc.


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    Fri, 12 Sep 2008 22:14:49 GMT - Yahoo! News: Business
    SEC to act on abusive short selling: source (Reuters)

    Traders work on the floor of the New York Stock Exchange August 8, 2008. (Joshua Lott/Reuters)Reuters - U.S. securities regulators plan to take action on abusive short selling of stock before the end of the week, a source briefed on the matter said on Monday.


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    Mon, 15 Sep 2008 06:36:24 GMT - Yahoo! News: Business
    Ten banks commit to $70 billion borrowing facility (Reuters)

    The Lehman Brothers stock symbol 'LEH' scrolls across a ticker in the Bank of America branch in New York's Time's Square, September 11, 2008. (Brendan McDermid/Reuters)Reuters - Ten of the world's biggest banks on Sunday committed to establish a $70 billion borrowing facility to bolster worldwide liquidity and reduce volatility in what they called an "extraordinary market environment."


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    Mon, 15 Sep 2008 02:47:38 GMT - Yahoo! News: Business
    AIG, facing liquidity crisis, seeks Fed lifeline (Reuters)

    A sign on an office building for AIG, American International Group, is pictured in Los Angeles, California May 8, 2008. (Fred Prouser/Reuters)Reuters - Insurer American International Group Inc , working to stave off rating downgrades and shore up the capital of its holding company, has made an unprecedented approach to the Federal Reserve seeking $40 billion in short-term financing, the New York Times said.


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    Mon, 15 Sep 2008 03:34:12 GMT - Yahoo! News: Business
    Bank of America to buy Merrill for $50 billion (Reuters)

    A Merrill Lynch sign is seen in Toronto, April 29, 2008. (Mark Blinch/Reuters)Reuters - Bank of America Corp said it agreed to buy Merrill Lynch & Co Inc in an all-stock deal worth $50 billion, snagging the world's largest retail brokerage after one of the worst-ever weekends on Wall Street.


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    Mon, 15 Sep 2008 05:46:45 GMT - Yahoo! News: Business
    Wall Street shaken by Lehman failure and Merrill sale (Reuters)

    Mo Grimeh, a Managing Director who has worked at Lehman Brothers for 10 years, walks out of the building and briefly speaks to journalists, in New York, September 14, 2008. Talks faltered when Britain's Barclays Plc, which had appeared to be front-runner to take over Lehman -- excluding its toxic mortgage-related assets -- said it had pulled out of the bidding. (Chip East/Reuters)Reuters - Global financial markets were shaken to their core on Monday after Lehman Brothers filed for bankruptcy protection and Merrill Lynch agreed to be taken over as a deepening crisis took new, bigger victims.


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    Mon, 15 Sep 2008 08:32:24 GMT - Yahoo! News: Business
    Oil drops to six-month low as Ike worries fade (Reuters)

    A sign board above the oil futures pit at the New York Mercantile Exchange September 9, 2008. Crude oil was trading around $103 a barrel at mid day after OPEC ministers were to hold a meeting and hurricane Ike was heading towards Gulf of Mexico oil platforms. (Chip East/Reuters)Reuters - U.S. oil prices dropped more than $2 to a six-month low below $99 a barrel on Sunday as dealers bet on a swift recovery of the nation's energy production after Hurricane Ike and the U.S. government loaned emergency oil to two refiners.


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    Sun, 14 Sep 2008 18:13:34 GMT - Yahoo! News: Business
    Greenspan: Other big U.S. finance firms may fail (Reuters)

    Former U.S. Federal Reserve chairman Alan Greenspan speaks at the International Financial Corporation in Washington October 21, 2007. (Yuri Gripas/Reuters)Reuters - Former U.S. Federal Reserve Chairman Alan Greenspan on Sunday said he suspected "we will see other major financial firms fail," but it did not need to be a problem.


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    Sun, 14 Sep 2008 16:33:13 GMT - Yahoo! News: Business
    Fed likely to keep rates steady, signal on hold (Reuters)

    Federal Reserve Chairman Ben Bernanke speaks at the 2008 National Historically Black Colleges and Universities Week Conference in Washington September 9, 2008. (Jason Reed/Reuters)Reuters - The U.S. Federal Reserve is expected to leave benchmark lending rates unchanged at its policy meeting on Tuesday and will probably signal that borrowing costs will stay steady for several months.


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    Sun, 14 Sep 2008 15:37:29 GMT - Yahoo! News: Business
    Lehman talks resume, Barclays pulls out (Reuters)

    The Lehman Brothers headquarters in New York is seen September 10, 2008. (Brendan McDermid/Reuters)Reuters - Regulators and bankers resumed a third day of talks on Sunday in a desperate attempt to reach a deal to sell Lehman Brothers and prevent the struggling investment bank from flooding jittery financial markets with toxic assets at fire sale prices.


    -- read full article
    Sun, 14 Sep 2008 17:44:47 GMT - Yahoo! News: Business
    Berlusconi calls on unions as Alitalia faces abyss (Reuters)

    A road sign outside Alitalia's headquarters reads in Italian, 'Alitalia Group, goodbye' in Rome in this August 26, 2008 file photo. (Chris Helgren/Reuters)Reuters - Italian Prime Minister Silvio Berlusconi called airline unions to emergency talks on Saturday evening in a last-ditch effort to save national flag carrier Alitalia from collapse.


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    Sat, 13 Sep 2008 23:03:36 GMT - Yahoo! News: Business
    Lehman talks extend to third day (Reuters)

    The Lehman Brothers headquarters in New York is seen September 10, 2008. (Brendan McDermid/Reuters)Reuters - Regulators and bankers failed on Saturday to reach a deal to end the crisis at investment bank Lehman Brothers , and emergency talks were extended to a third day as authorities seek to calm jittery financial markets.


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    Sun, 14 Sep 2008 04:27:02 GMT - Yahoo! News: Business
    SEC opens probe into UAL share price drop: report (Reuters)

    A United Airlines airplane pulls into the United Terminal at O'Hare International airport in Chicago June 4, 2008. (Jeff Haynes/Reuters)Reuters - Securities regulators have opened a preliminary investigation into UAL Corp's stock drop after an outdated story about its bankruptcy was treated as current, breaking news, people familiar with the matter told the Wall Street Journal.


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    Thu, 11 Sep 2008 22:03:18 GMT - Yahoo! News: Business
    Alitalia's license at risk, may ground flights (Reuters)

    A road sign outside Alitalia's headquarters reads in Italian, 'Alitalia Group, goodbye' in Rome in this August 26, 2008 file photo. (Chris Helgren/Reuters)Reuters - Italian flag carrier Alitalia may start cancelling flights from Monday as it is having problems buying fuel and could lose its operating license if it fails to seal a deal with unions to avoid total collapse.


    -- read full article
    Sat, 13 Sep 2008 16:59:03 GMT - Yahoo! News: Business
    EADS denies backing out of U.S. tanker contest (Reuters)

    The Airbus company logo is pictured at the main entrance of the Airbus facility in the northern German city of Stade on October 11, 2006. (Morris Mac Matzen/Reuters)Reuters - Airbus parent EADS denied on Saturday it was thinking of abandoning efforts to supply air tankers to the United States after a German weekly reported it was threatening to walk away from the fraught tender process.


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    Sat, 13 Sep 2008 16:52:55 GMT - Yahoo! News: Business
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