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As Nicolas Sarkozy prepares to take over as president of the Group of 20 on Nov. 12, analysts say many of his proposals appear to be hamstrung from the start.
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The layoffs represent about 2 percent of the remaining work force of the bank, which is seeking to pay back a taxpayer-financed bailout.
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The city warned that it was not going to make a scheduled payment of $3.3 million on its general obligation bonds because it did not have the money.
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Prime Minister Vladimir V. Putin announced Thursday that Russia? ban on grain exports would be extended well into next year because of continued uncertainty over production.
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The Federal Reserve chairman also said it was impossible for the government to save Lehman Brothers in 2008.
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The company, which had committed to setting aside $20 billion for damage claims and penalties, says proposed legislation could disrupt those efforts.
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