NEW YORK (Reuters) – Beleaguered Bank of America Corp said Chief Executive Ken Lewis will retire by year’s end and his successor is yet to be determined, the bank announced late Wednesday.

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BofA CEO Lewis to step down by year’s end

The No. 1 electronics retailer says increased demand for flat-screen TVs and other gear is behind the decision to hire more seasonal staff

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Best Buy Plans to Boost Holiday Hiring

DETROIT (Reuters) – General Motors Co will close Saturn and wind down its dealership network after a deal to sell the faltering brand to Penske Automotive Group collapsed, the automaker said on Wednesday.

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GM to close Saturn as sale to Penske collapses

The agency’s plan to raise roughly $45 billion to help dodge a cash crunch also offers a way for financial firms to boost capital and profits

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The FDIC’s Gift to Banks

NEW YORK (Reuters) – Stocks fell on Wednesday after a surprising contraction in an index of Midwest business activity, but buying of technology bellwethers like Cisco Systems Inc at the end of a strong quarter limited losses.

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Wall Street slips on Chicago PMI, but Q3 ends strong

DETROIT (Reuters) – Penske Automotive Group said on Wednesday it has terminated discussions with General Motors Co to acquire the automaker’s Saturn brand.

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Penske drops bid for Saturn, GM to end brand

The Federal Communications Commission is moving aggressively–or as aggressivley as the ponderous FCC can move–to implement Chairman Julius Genachowski’s proposals to expand and codify …

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Boucher’s Net Neutrality Effort Could Eclipse the Markey Bill

The Federal Communications Commission is moving aggressively–or as aggressivley as the ponderous FCC can move–to implement Chairman Julius Genachowski’s proposals to expand and codify …

Moves Afoot to Bolster FCC’s Authority

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World’s Worst Web Censors

The auto-racing legend ends talks to buy the once-innovative unit because GM couldn’t guarantee a supply of vehicles

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GM to Kill Saturn As Penske Exits

NEW YORK (Reuters) – Stocks fell on Wednesday after a surprising contraction in an index of Midwest business activity, but buying of technology bellwethers like Cisco Systems Inc at the end of a strong quarter limited losses.

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Wall Street drops on Chicago PMI, but Q3 ends strong

WASHINGTON (Reuters) – The U.S. economy shrank less in the second quarter than first thought but negative news on jobs and on manufacturing in the country’s Midwest in September pointed to a patchy recovery from recession.

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U.S. Q2 GDP fall moderates, manufacturing still weak

Nearly one in three borrowers who applied for a mortgage last year was denied as lenders kept their standards tight as the mortgage crisis accelerated, the government reported Wednesday. In its annual look at mortgage practices among lending institutions,…

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Loan – Mortgage loan – Federal Reserve System – Mortgage – Business

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Report: 1 in 3 loan applications denied

A suspicious package found outside an eastern Minnesota high school Wednesday contained an incendiary device, the school district’s superintendent said. Princeton schools Superintendent Rick Lahn said he learned that in a meeting with Police Chief Brian Payne…

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School district – Education – High school – Minnesota – United States

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Incendiary device found outside Minn. high school

General Motors Co. says it’s shutting down the Saturn brand after an agreement with Penske Automotive Group Inc. to acquire the unit fell apart. Penske, citing concerns about whether GM could continue to supply vehicles after a manufacturing contract with the…

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General Motors – auto – Penske Corporation – Manufacturing – Makes and Models

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GM to shut down Saturn after Penske walks away