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Wall Street gains as oil slips

NEW YORK, Aug. 11, 2008 (Reuters) — Stocks rose on Monday as oil prices closed lower for a sixth day, improving prospects for consumer and business spending. ...  > full story

Citigroup to buy back $7 billion of auction-rate debt

NEW YORK, Aug. 7, 2008 (Reuters) — Citigroup Inc agreed to buy back more than $7 billion of illiquid auction-rate securities and pay a $100 million civil fine to settle charges it marketed the debt fraudulently. ...  > full story

Toyota Q1 drops, keeps outlook amid U.S. slump

TOKYO, Aug. 7, 2008 (Reuters) — Toyota Motor Corp <7203.T>, the world's biggest automaker, posted a 28 percent drop in quarterly net profit, dented by a strong yen and slumping U.S. sales, and kept its forecasts unchanged for what is set to be its most challenging year in recent memory. ...  > full story

Costco July same-store sales rise 10 pct

, Aug. 7, 2008 (Reuters) — Costco Wholesale Corp , the largest U.S. warehouse club, reported a better-than-expected 10 percent rise in sales at stores open at least a year in July, boosted by foreign exchange rates, primarily in Canada. ...  > full story

McDonald's says more product price rises possible

BEIJING, Aug. 7, 2008 (Reuters) — McDonald's Corp said on Thursday it was considering further price increases, but would do nothing that slowed customer traffic into its global network of stores. ...  > full story

Games to turn investors on or off China?

BEIJING, Aug. 7, 2008 (Reuters) — The Olympic Games that start in Beijing on Friday will probably only enhance China's attractiveness as an investment destination, but there is still plenty that could go wrong to chill sentiment. ...  > full story

Chrysler, Nissan in talks to make midsize cars: report

, Aug. 7, 2008 (Reuters) — Chrysler LLC is in talks with Japan's Nissan Motor Co <7201.T> about jointly producing midsize cars, a partnership that would move the U.S. auto maker toward a radical new business model, the Wall Street Journal said Thursday. ...  > full story

HSBC denies new deadline for $6.3 billion KEB deal

SEOUL/HONG KONG, Aug. 7, 2008 (Reuters) — HSBC Holdings <0005.HK> on Thursday denied a South Korean media report saying it had agreed with U.S. private equity firm Lone Star to set a new deadline for a $6.3 billion deal for control of Korea Exchange Bank. ...  > full story
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