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    Business Headlines
    U.S., Europe eye stimulus plans (Reuters)

    Corn for export is unloaded onto a ship at the Yingkou harbor, Liaoning province October 20, 2008. China's annual GDP growth fell to 9.0 percent in the third quarter from 10.1 percent in the second quarter, while the pace of factory output in September dropped to a six-year low, the government said on Monday. (Stringer/Reuters)Reuters - Interbank lending emerged from deep freeze, and European and U.S. officials moved closer to infusing their economies with new stimulus packages on Monday, providing hope the world's financial crisis may be easing.


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    Mon, 20 Oct 2008 18:25:17 GMT - Yahoo! News: Business
    Jury finds Parmalat defrauded Citigroup (Reuters)
    Reuters - A U.S. jury on Monday found Parmalat SpA defrauded Citigroup Inc in a case stemming from the Italian dairy company's 2003 collapse, and awarded the bank $364.2 million damages. -- read full article
    Mon, 20 Oct 2008 18:51:16 GMT - Yahoo! News: Business
    Wall Street up on energy, easing credit strains (Reuters)

    Traders work on the floor of the New York Stock Exchange, October 20, 2008. (Brendan McDermid/Reuters)Reuters - Stocks rose on Monday as investors welcomed signs that credit strains were easing and comments from Federal Reserve Chairman Ben Bernanke raised hopes for more spending to help the U.S. economy.


    -- read full article
    Mon, 20 Oct 2008 18:35:40 GMT - Yahoo! News: Business
    Bernanke, White House warm to another stimulus plan (Reuters)

    Federal Reserve Chairman Ben Bernanke participates in a House hearing on 'Economic Recovery - Options and Challenges' on Capitol Hill, October 20, 2008. (Jason Reed/Reuters)Reuters - Federal Reserve Chairman Ben Bernanke told Congress on Monday that another wave of government spending may be needed as the economy limps through what could be an extended period of subpar growth.


    -- read full article
    Mon, 20 Oct 2008 16:47:21 GMT - Yahoo! News: Business
    Gulf stocks mixed amid volatile trading (AFP)

    Stock markets in the energy-rich Gulf have closed in mixed territory amid volatile trading as investors appeared to be taking a wait-and-see approach.(AFP/File/Yasser al-Zayyat)AFP - Stock markets in the energy-rich Gulf ended mixed on Sunday amid volatile trading as investors appeared to be taking a wait and see approach as global markets were closed for the weekend.


    -- read full article
    Sun, 19 Oct 2008 15:01:45 GMT - Yahoo! News: Business
    GM eyes Chrysler cash, talks progressing: sources (Reuters)

    General Motors SUV's are displayed in an autosales lot in Troy, Michigan June 3, 2008. (Rebecca Cook/Reuters)Reuters - General Motors Corp is pushing ahead with talks to acquire Chrysler LLC in a deal that the automaker sees as a way to boost its cash position at a time when it has been shut out of debt markets and its own revenues are tumbling, sources said.


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    Mon, 20 Oct 2008 07:39:51 GMT - Yahoo! News: Business
    Exelon offers to buy NRG for $6.2 billion in stock (Reuters)

    Six 1.5-megawatt wind turbines are pictured at work at the Exelon-Community Energy Wind Farm at Somerset, Pennsylvania, August 10, 2008. (Stelios Varias/Reuters)Reuters - Exelon Corp , the largest nuclear power operator in the United States, made an unsolicited offer to acquire NRG Energy Inc for $6.2 billion in stock, in a move to expand geographically and boost earnings and cash flow.


    -- read full article
    Mon, 20 Oct 2008 07:27:45 GMT - Yahoo! News: Business
    World stocks bounce on growing credit confidence (Reuters)

    A man monitors stock market prices in Taipei October 20, 2008. (Nicky Loh/Reuters)Reuters - World stocks put in solid gains on Monday as investors took comfort in global efforts to prop up the banking system, allowing for some bargain hunting.


    -- read full article
    Mon, 20 Oct 2008 08:46:28 GMT - Yahoo! News: Business
    Joint U.S.-New York Inquiry into CDS trading: report (Reuters)
    Reuters - New York state and federal prosecutors have launched an investigation into the role of credit-default swaps in the U.S. financial crisis, the New York Times reported. -- read full article
    Mon, 20 Oct 2008 07:33:00 GMT - Yahoo! News: Business
    More European banks turn to bailouts, shares gain (Reuters)

    The head office of Dutch financial group ING is seen in Amsterdam, October 19, 2008. (Michael Kooren/Reuters)Reuters - European banks lined up on Monday to tap state rescue packages to shore up their finances, part of measures to stem a global crisis that have begun to restore trust between institutions and lift shares.


    -- read full article
    Mon, 20 Oct 2008 08:44:16 GMT - Yahoo! News: Business
    Amid wild ride, stocks gain in Europe, lose in US (AFP)

    Stock traders negotiate at the iBovespa future index pit during the morning session at the Mercantile & Futures Exchange, in Sao Paulo, Brazil. Global stock markets bounced from valley to peak Friday in choppy trade that saw big gains in Europe but a loss of momentum on Wall Street, with investors frazzled in the face of a looming economic slowdown.(AFP/Mauricio Lima)AFP - Global stock markets bounced from valley to peak Friday in choppy trade that saw big gains in Europe but a loss of momentum on Wall Street, with investors frazzled in the face of a looming economic slowdown.


    -- read full article
    Fri, 17 Oct 2008 21:01:48 GMT - Yahoo! News: Business
    Changing fear factor, cheaper stocks (Reuters)
    Reuters - Predicting what financial markets will do at the moment is more than a mug's game, given massive levels of volatility, but certain factors have arisen recently that may put investors in a new frame of mind this week. -- read full article
    Sun, 19 Oct 2008 15:08:36 GMT - Yahoo! News: Business
    Stocks eye earnings for economic clues (Reuters)

    A trader works on the floor of the New York Stock Exchange, October 17, 2008. (Brendan McDermid/Reuters)Reuters - Even as credit market strains show signs of easing, a barrage of earnings will steal the spotlight this week as Wall Street looks for a picture of how profits will fare in the face of a severe economic slowdown.


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    Sun, 19 Oct 2008 15:09:25 GMT - Yahoo! News: Business
    Michigan politicians fret over GM, Chrysler's future (Reuters)

    The Chrysler Warren Truck Assembly plant is seen in Warren, Michigan October 14, 2008. (Rebecca Cook/Reuters)Reuters - Merger talks between automakers Chrysler LLC and General Motors Corp leaves Michigan politicians stuck with conflicting feelings: hopeful a combined entity would prosper but fearful it would mean job losses and tax revenue, plus a huge real estate headache.


    -- read full article
    Sun, 19 Oct 2008 17:16:33 GMT - Yahoo! News: Business
    White House's Lazear: Parts of U.S. in recession (Reuters)

    Edward Lazear, Chairman of the President's Council of Economic Advisers, speaks to the press at the White House in Washington February 11, 2008, after President George W. Bush signed the 2008 Economic Report. (Jason Reed/Reuters)Reuters - Parts of the United States, struggling with high jobless rates, seem to be in recession, but the government's plan to support credit markets will help, President George W. Bush's top economic adviser said on Sunday.


    -- read full article
    Sun, 19 Oct 2008 17:18:20 GMT - Yahoo! News: Business
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