Ken Lewis, a man who thrived on scoring the next big deal, found himself sunk by one. Lewis was stripped of his title as Bank of America Corp.’s chairman Wednesday when shareholders voted to separate that job from the CEO’s position. He’ll stay on as chief…

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For BofA’s Lewis, Merrill was 1 deal too many

A federal judge has frozen the assets of a Beverly Hills hedge fund manager accused by the Securities Exchange Commission of duping investors out of $38 million. The injunction issued by U.S. District Judge Valerie Baker Fairbank on Wednesday also prohibits…

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Calif. fund manager’s assets frozen in fraud case

BEVERLY HILLS, Calif (Reuters) – Sumner Redstone, executive chairman of CBS Corp, said on Wednesday that he thinks the U.S. stock market is at the start of a bull market.

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Redstone says U.S. on brink of bull market

The death toll from days of heavy rain in Kansas rose to five Wednesday when authorities found the bodies of two people in a car submerged in a flooded creek. A 26-year-old Parsons man and a 22-year-old Springfield, Mo., woman were found by Labette County…

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Drowning deaths raise toll from Kan. storms to 5

Indiana receiver Kellen Lewis has been dismissed from the football team for an undisclosed violation of team rules. Coach Bill Lynch says he was disappointed but that it is in the best interest of the team. Lewis was a second-team All-Big Ten selection as a…

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Kellen Lewis dismissed from IU football team

Consumers snapped back to life at the start of the year, renewing hopes the recession is losing steam. Even though the economy shrank again in the first three months _ and by a lot _ Americans stepped up purchases of cars, furniture and appliances. The surge…

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Consumer spending gain provides hope for rebound

Ken Lewis was ousted as chairman of Bank of America Wednesday after shareholders angry about the company’s acquisition of Merrill Lynch voted to separate the job from that of chief executive. Lewis will remain the CEO of the bank, but board member Walter E….

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Lewis out as Bank of America chairman, remains CEO

French legislators reconsidered a bill Wednesday that would punish people who illegally download music and films by cutting off their Internet connections. The bill was rejected in a surprise move earlier this month. Record labels and film companies had…

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French lawmakers reconsider Internet piracy bill

LOS ANGELES (Reuters) – Burger King Holdings reported a higher quarterly profit as a lower tax rate and cost controls offset a sharp decline in customer visits to company-owned eateries in Germany and Mexico in March.

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Burger King profit rises, beats Street view

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Chrysler Prepares for Bankruptcy

NEW YORK (Reuters) – Visa Inc posted better-than-expected quarterly earnings on Wednesday as the world’s largest credit card network increased prices, slashed expenses and consumers used debit cards more.

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Visa earnings beat estimates; lowers costs

NEW YORK (Reuters) – By one measure, Warren Buffett is coming off his worst year ever. But by another measure, the investor may be more popular than ever.

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Warren Buffett expects record crowd despite tough year

CHARLOTTE, North Carolina (Reuters) – Bank of America Corp shareholders voted to oust Chief Executive Kenneth Lewis as chairman of the board on Wednesday after months of mounting criticism of his stewardship of the largest U.S. bank.

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BofA’s Lewis ousted as board chairman, stays as CEO

President Barack Obama is warning that “more will be lost” during a recession that has already cost millions of Americans their homes and their jobs. Marking 100 days in office, Obama was holding a prime-time news conference on Wednesday. The White House…

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Obama say tough economy means `more will be lost’

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Lewis Out As BofA Chairman, Remains CEO