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Lehman Brothers is considering the sale of all or part of its prized money management division to private equity firms to raise billions of dollars of capital and ease the pressure caused by real-estate related losses.
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The retailer beat Wall Street expectations despite weak sales growth in a tough economy that has seen shoppers pull back.
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Prices paid by American businesses moved higher in July despite a drop in oil prices, a sign that inflation was starting to spread beyond the energy market.
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Prices paid by American businesses moved higher in July despite a drop in oil prices, a sign that inflation was starting to spread beyond the energy market.
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Though eager to expand, the major Western oil companies are finding it harder than ever to find new prospects.
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The Olympics has become the hottest event of the summer, drawing an average audience of about 30 million a night on NBC, far beyond the network? expectations.
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