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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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With polls showing a surge in primary-season ballots cast by voters under 30, media outlets are out to convert the newly energized voters into viewers.
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The home improvement retailer reported a 7.9 percent decline in second-quarter profit, but topped Wall Street expectations as it benefited from expense controls and government stimulus checks.
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Stocks dropped sharply Monday following more reports that the financial sector remains under stress.
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Electronic Arts said that it has withdrawn its $2 billion tender offer to purchase its smaller rival, ending a five-month long hostile takeover bid. Take-Two is asking Electronic Arts to reconsider.
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Mitsubishi UFJ Financial Group, one of Japan? largest banks, agreed to buy the remaining part of UnionBanCal Corporation that it does not already own for about $3.5 billion.
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