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Stocks Surge Amid Big Oil DropStocks rebounded sharply as a big drop in oil prices trumped an ugly quarterly report from troubled mortgage giant Fannie Mae. Crude futures dropped below $117 a barrel and the dollar bounced across the board. ... |
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Russian Troops Storm Into ProvinceRussia and pro-U.S. ally Georgia were on the brink of war Friday, with Russian troops and tanks moving into Georgia's breakaway province of South Ossetia. ... |
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Olympics Get Under WayChina began the most anticipated and expensive Olympics in history with an elaborate display of traditional performance and technological wizardry designed to showcase the country's transition from an ancient culture to a modern powerhouse. ... |
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UBS Agrees to Auction-Rate PactUBS has agreed to buy back $19.4 billion in auction-rate securities from individual investors, charities and small businesses. Under the pact, UBS will pay $150 million in fines, which will go to regulators in Massachusetts and other states. ... |
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Sadr Reorganizes Militia in IraqAnti-U.S. cleric Sadr has ordered most of his followers to disarm but says he will maintain an elite fighting unit to resist the Americans in Iraq. (Complete coverage) ... |
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Hormel Cuts Fiscal-Year OutlookHormel Foods projected fiscal third-quarter earnings below analysts' estimates and cut its fiscal-year view, blaming surging feed and fuel costs. ... |
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