A former Citigroup investment banker has been indicted by a federal grand jury in San Francisco on charges that he tipped his brother about biotech company mergers as part of a wide-ranging $6 million insider-trading scheme, authorities said Thursday. Maher…

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Ex-banker, others accused of insider trading

After months of struggling to stay alive on government loans, Chrysler finally succumbed to bankruptcy Thursday, pinning its future on a top-to-bottom reorganization and plans to build cleaner cars through an alliance with Italian automaker Fiat. The nation’s…

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Chrysler succumbs to bankruptcy after struggle

The Democratic-controlled Senate on Thursday defeated a plan to spare hundreds of thousands of homeowners from foreclosure through bankruptcy, a proposal that President Barack Obama embraced but did little to see it through. A dozen Democrats joined…

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Senate defeats anti-foreclosure proposal

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Warner Bros.’ Financing Bumps

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‘Cram-Down’ Mortgage Bill Dies—for Now

Integrated Device Technology Inc. on Thursday reported a loss for its fiscal fourth-quarter due to a drop in revenue and a major writedown in the value of the company. For the quarter that ended March 29, the communications chip maker reported a loss of $…

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IDT reports fiscal 4th-qtr loss

State regulators have certified that NV Energy Inc., Nevada’s largest electric utility, has for the first time met its requirement that 9 percent of the power it produces be generated using renewable resources. Both of the companies subsidiaries _ formerly…

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NV Energy hits renewable target for first time

The timing is not the best. Immigration-rights rallies are set for Friday as health officials try to clamp down on a swine flu epidemic with roots in the same country as many of the expected demonstrators: Mexico. Public health officials on Thursday had not…

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Swine flu could put damper on immigration rallies

The chief executive officer of Delta Air Lines Inc., Richard Anderson, received total compensation valued at $17.4 million in 2008, a 54 percent jump from 2007 when he was in charge of the company for only four months, according to Associated Press…

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Delta chief’s ‘08 compensation valued at $17.4M

ATLANTA (Reuters) – Delta Air Lines Inc’s chief executive had total compensation of about $5.9 million last year, up about 77 percent from the year before, boosted by values for stock and option awards, the company said in its proxy filing on Thursday.

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Delta CEO compensation was $5.9 million in ‘08

In several versions of an April 28 story about a report on the influence of drugmaker money in medicine, The Associated Press reported erroneously that the head of Stanford University’s psychiatry department had stepped down under criticism by a U.S. senator…

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Correction: Drugmaker dollars story

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Motorola: Android Help on the Way

NEW YORK (Reuters) – Hartford Financial Group and MetLife Inc, , two of the biggest insurers in the United States, posted net losses on Thursday as souring fixed income investments bit into their bottom lines.

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Hartford, MetLife post losses amid investment woes

April was Wall Street’s best month in nine years _ offering some of the most powerful evidence yet that maybe, just maybe, the economy is about to begin a turnaround. The Standard & Poor’s 500 index, considered the most reliable measure of the broader market,…

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Stocks’ big April could be sign of healing economy

DETROIT/WASHINGTON (Reuters) – Chrysler LLC filed for bankruptcy on Thursday and announced an industry-changing deal with Fiat, after being pummeled by sliding auto sales and unable to reach agreement on restructuring its debt.

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Chrysler files for bankruptcy; inks Fiat deal