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Three Steps to a Sound Business Model

A court ordered the Japanese government to pay 5.6 billion yen ($57.7 million) to compensate people whose lives are disrupted by the noise of warplanes at a U.S. air base on the southern island of Okinawa, the Defense Ministry said. The Fukuoka High Court…

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Japan ordered to pay $58M for US warplane noise

After a Retail Anchor Closes

Wall Street pointed to a sharply lower open Friday as investors second-guessed Citigroup Inc.’s plans to turn over a big piece of itself to the government and as the economy shrank at a much faster pace than expected at the end of last year. Stock futures…

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Stocks point lower after Citi deal, GDP reading

The economy contracted at a staggering 6.2 percent pace at the end of 2008, the worst showing in a quarter-century, as consumers and businesses ratcheted back spending, plunging the country deeper into recession. The Commerce Department report released Friday…

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Economy shrinks at fastest pace in 26 years

Private equity firm Blackstone Group LP said Friday it continued to lose money during the fourth-quarter as the ongoing credit crisis hurt the value of its investments. The buyout shop, which makes its money buying distressed companies and then selling them…

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Blackstone Group’s 4Q loss widens to $415.2M

NEW YORK (Reuters) – Stocks headed for a sharp slide at Friday’s open as news the U.S. government was taking a large common equity stake in embattled lender Citigroup sowed more uncertainty over the fate of major banks.

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Wall St. set to tumble at open on Citi and GDP

Eric Gay/APA Saturn in San Antonio offers no interest on a car for 60 months. The economy contracted at a staggering 6.2 percent pace at the end of 2008, the worst showing in a quarter-century, as consumers and businesses ratcheted…

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U.S. economy contracted in 4th quarter at sharpest pace since ’82

NEW YORK (Reuters) – Genentech Inc holds its annual research and development day on Monday as it aims to convince shareholders that the company is worth far more than the $42 billion Roche has said it is willing to pay for it.

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Genentech to make case for higher purchase price

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To Beat Recession, Indies Launch Buy-Local Push

The U.S. government will exchange up to $25 billion in emergency bailout money it provided Citigroup Inc. for as much as a 36 percent equity stake in the struggling bank. The deal announced Friday _ the third attempt at a rescue plan for Citigroup in the past…

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Government could own up to 36 pct. of Citigroup

NEW YORK/WASHINGTON (Reuters) – The U.S. government will boost its stake in Citigroup Inc to as much as 36 percent, bolstering the banking giant’s capital base in one of the most dramatic efforts yet to prop up the ailing banking industry.

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U.S. boosts stake in Citigroup

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Infosys CEO: Financial Transparency a Must

To understand what it’s like for a 70-year-old person to get around, Nissan designers are donning an “aging suit,” complete with a 1 kilogram (2 pound) vest, uneven shoes that make walking a precarious hobble and belts that strap knees so they can’t bend….

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Nissan design seeks to appeal to aging Japan

WASHINGTON (Reuters) – The U.S. economy contracted at its sharpest rate since early 1982 in the fourth quarter, revised data showed on Friday, as exports plunged and consumers cut spending by the most in more than 28 years.

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U.S. economy shrank at faster rate in fourth quarter