Business Stories from May 28, 2008 (Change date)
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Fed to make fresh batch of bank loansMay 28, 2008 11:00 pm - WASHINGTON -- The Federal Reserve announced Thursday that it will make a fresh batch of short-term cash loans available to squeezed banks as part of an ongoing effort to...
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New jobless claims filings riseMay 28, 2008 11:00 pm - The number of new people signing up for unemployment benefits increased last week. It was the latest sign of softness in employment conditions. The Labor Department repo...
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Fisher-Price pursues toy sales in developing marketsMay 28, 2008 11:00 pm - In developing a line of talking toys aimed at children in China, engineers at Fisher-Price had to struggle to perfect the Mandarin "Sh" sound, which involves a soft hiss...
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Stocks jump after GDP revision, decline in oilMay 28, 2008 11:00 pm - NEW YORK -- Stocks rose for the third straight session Thursday as oil prices fell sharply and the government reported that the economy grew last quarter at a faster pac...
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Durable goods dip less than expectedMay 28, 2008 11:00 pm - WASHINGTON -- Orders to U.S. factories for big-ticket manufactured goods fell by a smaller-than-anticipated amount in April with many sectors outside of transportation s...
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Weak sale trends may mean profit drop for Coca-Cola EnterprisesMay 28, 2008 11:00 pm - ATLANTA -- Soft drink bottler Coca-Cola Enterprises Inc. said Wednesday weak sales trends in the U.S especially on some 20-ounce beverages will likely lead to a decline ...
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Investors press lenders on bad loansMay 28, 2008 11:00 pm - Already burned by bad mortgages on their books, lenders now are feeling rising heat from loans they sold to investors. Unhappy buyers of subprime mortgages, home-equity ...
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Ford plans layoffs of salaried staffMay 28, 2008 11:00 pm - DETROIT-- Ford Motor Co. plans to conduct involuntary layoffs of salaried employees by August as part of a restructuring in the face of slumping sales and record-high ga...
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Blockbuster unveils in-store kiosksMay 28, 2008 11:00 pm - NEW YORK -- Blockbuster Inc. unveiled a prototype of an in-store kiosk for downloading movies at its annual meeting on Wednesday, part of its plan to transform into more...
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Feds open grasslands for haying, grazingMay 28, 2008 11:00 pm - BISMARCK, N.D. -- The federal government is allowing millions of acres of land now left idle to be used for haying and grazing, after birds have finished nesting on gras...
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