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China, U.S. pledge cooperation after "robust" talks

BEIJING, Dec. 5, 2008 (Reuters) — China and the United States pledged on Friday to boost efforts to tackle the turmoil engulfing global markets and to continue high-level cooperation when President-elect Barack Obama takes office. ...  > full story

Bailout still faces challenges: Paulson

BEIJING, Dec. 5, 2008 (Reuters) — The United States has made clear progress in steadying its financial system, thanks in part to a $700 billion bailout fund authorized by Congress, but the rehabilitation process still faces many challenges, Treasury Secretary Henry Paulson said on Friday. ...  > full story

MGA "still assessing" impact of Bratz ruling: CEO

LOS ANGELES, Dec. 4, 2008 (Reuters) — MGA Entertainment Inc is "still assessing" its next move, including whether to lay off staff, after a California judge barred the family-owned toy company from selling its popular Bratz doll, founder and Chief Executive Isaac Larian said on Thursday. ...  > full story

Microsoft names head for online services group

Dec. 4, 2008 (Reuters) — Microsoft Corp has appoints Dr. Qi Lu to run online its services group. ...  > full story

Williams-Sonoma beats expectations

Dec. 4, 2008 (Reuters) — Williams-Sonoma Inc on Thursday reported third-quarter non-GAAP earnings of $0.03 per share, excluding items. ...  > full story

UAW to suspend jobs bank, rework healthcare trust

DETROIT, Dec. 3, 2008 (Reuters) — United Auto Workers President Ron Gettelfinger said on Wednesday the union would surrender job security protections and delay payments into a retiree healthcare trust to help U.S. automakers clinch government aid to survive a sales downturn. ...  > full story

Three to bid for Lehman's Neuberger auction: lawyer

NEW YORK, Dec. 3, 2008 (Reuters) — Lehman Brothers Holdings Inc has received three bids for its investment management unit, including Neuberger Berman, Shai Waisman, a bankruptcy lawyer for the company, said on Wednesday. ...  > full story

Senate leader Reid to offer auto bill Monday

WASHINGTON, Dec. 2, 2008 (Reuters) — Senate Majority Leader Harry Reid said on Tuesday he plans to offer some sort of legislation for ailing U.S. automakers on Monday. ...  > full story

Chevron may sell refineries to optimize business: executive

HOUSTON, Dec. 2, 2008 (Reuters) — Chevron Corp may sell refineries as it continues to focus its downstream business on Asia-Pacific markets, a company vice president said on Tuesday during a presentation to Wall Street analysts. ...  > full story

Auto sales plunge, slowdown spreads

DETROIT/LONDON, Dec. 2, 2008 (Reuters) — The auto industry was hammered again on Tuesday as U.S. monthly sales plunged nearly 37 percent to the lowest level since 1982 and the slump spread to Europe and Asia, forcing automakers to slash production. ...  > full story
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