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A gain related to WaMu helped J.P. Morgan post a profit despite a surge in provisions for credit losses and markdowns on leveraged loans. (Conference call transcript)
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Obama's choice to head the SEC promised to act aggressively to revitalize the embattled agency's enforcement efforts.
New York's attorney general issued subpoenas to former GMAC Financial Services Chairman J. Ezra Merkin, three of his funds and 15 nonprofits in his probe of alleged frauds on charities in the Bernard Madoff scandal.
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Intel's profit sank 90% as sales dropped 23% amid a rapid deceleration in computer demand and pricing pressure during the key holiday season.
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Carrefour expects consumer spending to be weak for months as the retailer's sales gains nearly stopped in 2008's fourth quarter.
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European new-passenger-car registrations slumped to a 15-year low in 2008 as weak consumer confidence ate into demand for new cars.
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Eli Lilly agreed to pay $1.42 billion in a settlement with federal prosecutors regarding allegations of improperly marketing its antipsychotic drug Zyprexa.
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The Irish government will take control of Anglo Irish Bank after it took hits from an accounting scandal and the broader financial crisis.
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Genentech's fourth-quarter profit rose 47% as the biotechnology firm recorded strong sales for most of its U.S. products.
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A pessimistic outlook from J.P. Morgan and new dismal data from Capital One foreshadow deeper and more protracted pain for credit-card issuers.
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The government is close to finalizing a deal that would give billions in additional aid to Bank of America to help it close its acquisition of Merrill.
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Kitchenware retailers and coffee-machine manufacturers are plugging everything from coffee beans to espresso makers as ways to save money.
Harsh winter weather and frugal spending may have cast a pall on most retail sales, but the snowblower is proving recession-resistant.
Auto makers are unveiling their latest production cars and concepts, including the updated Toyota Prius hybrid.
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Bank of America was near an agreement with U.S. officials late Thursday that would provide it with fresh capital while backstopping $115 billion to $120 billion of assets.
Economists in the monthly Wall Street Journal forecasting survey generally agree with the size of President-elect Barack Obama's stimulus package but remain divided on where the money should be spent.
Safety inspectors are focusing on a peanut-processing plant in Georgia as the possible source of a salmonella outbreak that has sickened at least 425 people and may have caused five deaths.
The losing bidder on a large commercial-cargo contract to supply the International Space Station has filed a formal protest with the GAO.
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Advertising pages in consumer magazines fell nearly 12% in 2008, a dismal year for print media.
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