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Three Bidders Chasing Lehman UnitThree bidders are competing to buy Lehman Brothers' investment-management division after two new offers emerged for the business. ... |
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Financials Lead TurnaroundStocks recovered from an early swoon caused by weak employment data. The financial and consumer-discretionary sectors led the market higher. Citigroup gained nearly 4%. ... |
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Stocks Steady Amid Mixed DataStocks recovered from an early swoon amid weak readings of employment and service-sector activity. However, oil inventories suffered a surprising drawdown, suggesting solid demand. ... |
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Cyber Monday Sales Jump 15%Aggressive discounts lured consumers on Cyber Monday, though online shoppers are spending less overall so far this holiday season. ... |
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Service Sector Activity ContractsService sector activity in the U.S. dropped deeper into recession in November, as the ISM's overall index for nonmanufacturing activity slid to 37.3, from 44.4 in October. ... |
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Freeport to Cut Copper OutputFreeport cut projected copper production and sales for the next two years as it plans to halve estimated 2009 capital spending and suspend its dividend amid the plunging prices for copper and molybdenum. ... |
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