The parent of discount carrier AirTran Airways said Wednesday it has reached deals to extend its credit card processing agreement with its largest card processor and to give itself more financial flexibility. The Orlando, Fla.-based company said the card…

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AirTran Airways – Credit card – Business – Financial Services – Orlando Florida

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AirTran Airways bolsters cash position

CIT Group Inc. shares plunged Wednesday as the commercial lender is reportedly trying to craft an exchange that would cut its debt and offer bondholders an equity stake in the company in a bid to avoid bankruptcy. Shares of the New York-based financial firm,…

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New York – CitGroup – CIT Group Incorporated – Company – United States

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Report: CIT Group again on brink of collapse

Even as they prepare for new talks Thursday with Iran on its nuclear program, the U.S. and its allies are contemplating new and tighter sanctions on Tehran, in a clear signal of expectations that the negotiations may again end in failure. The fact that the…

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Iran – Middle East – United States – Nuclear program of Iran – Tehran

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West goes to Iran talks _ and readies sanctions

A surprise drop in a key regional economic indicator sent stocks reeling in early trading Wednesday, with the Dow Jones industrials tumbling more than 100 points. The Chicago Purchasing Managers Index fell to 46.1 in September rather than rising to the 52…

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Wall Street – Business – Investing – United States – Dow Jones & Company

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Stocks plunge on drop in manufacturing activity

WASHINGTON (Reuters) – The U.S. economy contracted at slower pace than previously thought in the second quarter, but a further decline in private payrolls in September was another indication that recovery from recession would be patchy.

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U.S. economy shrinks less in second quarter

As Internet use expands worldwide, the United States said Wednesday it will give other governments and the private sector a greater oversight role in an organization whose decisions affect how computers relay traffic such as e-mail and Twitter posts. The move…

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United States – Twitter – Social network – Private sector – On the Web

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US to share Internet review amid worldwide growth

NEW YORK (Reuters) – U.S. stocks turned negative on Wednesday, and major indexes fell more than 1 percent after a regional gauge of business activity unexpectedly contracted in September.

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Wall Street dives after Chicago PMI data

Eastman Kodak says Antonio Perez has agreed to stay on as chief executive and chairman of the photography products company through 2013. The 63-year-old Perez, a native of Spain, ran Hewlett-Packard’s digital printing operations before moving to Kodak in 2003…

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Hewlett-Packard – Eastman Kodak – Business – Chief executive officer – Photography

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CEO Perez to stay at Kodak through 2013

Merck’s appeal of a $4.5 million jury award to a New Jersey man who blamed his heart attack on the company’s Vioxx painkiller was dismissed by an appeals court, lawyers for the man’s family said. The New Jersey Supreme Court…

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• On Sep 30, 2009
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