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Member 1444
Tame April price rise eases inflation worry (Reuters)
15-05-2008 04h28Reuters - U.S. consumer prices were tamer than expected in April on a lower energy price reading, giving the inflation-wary Federal Reserve a little breathing space as it seeks to fortify an anemic economy.
Delta/Northwest merger said likely to be approved (Reuters)
15-05-2008 04h37Reuters - A proposal by Delta Air Lines to buy Northwest Airlines is likely to be approved by the U.S. government, an influential lawmaker on aviation affairs said on Wednesday.
Benign inflation and strong results boost Wall St (Reuters)
15-05-2008 05h38Reuters - Stocks rose on Wednesday in light trading after a modest rise in consumer prices in April cooled inflation fears while Macy's Inc and Freddie Mac posted reassuring quarterly results.
Freddie Mac loss widens less than feared (Reuters)
15-05-2008 05h24Reuters - Freddie Mac posted a smaller-than-expected quarterly loss on Wednesday and the second-biggest U.S. home-finance company said it would raise capital to expand, sparking a rally in its shares.
GM will need over $9 billion in new financing: Lehman (Reuters)
15-05-2008 02h03Reuters - General Motors Corp will need to raise over $9 billion in financing over the next two years to refinance existing debt and to offset projected cash losses in its auto operations in North America, Lehman Brothers analyst Brian Johnson said on Wednesday.
Inflation pressures ease despite food price jump (AP)
15-05-2008 05h55AP - Consumer prices slowed in April despite the biggest jump in food costs in nearly two decades. But with oil near record levels, Americans should brace for more pain at the pump in the months ahead.
Chinese shares rebound from losses after quake (AP)
14-05-2008 14h46AP - Chinese stocks rose Wednesday morning, rebounding from losses that came after an earthquake killed thousands of people and devastated parts of central China's Sichuan province.
Freddie Mac loses $151M in 1Q, but beats expectations (AP)
15-05-2008 05h11AP - Mortgage finance company Freddie Mac said Wednesday its first quarter loss widened to $151 million as the U.S. housing market worsened, though the results were not as poor as expected. Its shares jumped on the news.
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