NEW YORK (Reuters) – The New York Federal Reserve said on Friday it bought $989 million of U.S. agency debt with maturities ranging from October 2016 to June 2018.
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NY Fed buys $989 million of U.S. agency debt
Chevron Corp. said Friday its fourth-quarter profit fell 37 percent as higher crude prices led to huge losses in its refining business. The nation’s second-largest oil company reported earnings of $3.1 billion, or $1.53 per share, for the final three months…
Business – Chevron Corporation – Petroleum industry – Chevron – Energy
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Chevron 4Q profit falls 37 percent
Toyota Motor Corp.’s handling of defective gas pedals that led to a record recall of vehicles in the U.S. will be investigated by Congress amid criticism that the automaker may not have acted quickly enough.
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Toyota Faces Congressional Probe
A federal appeals court has revived part of a western Pennsylvania couple’s lawsuit against Internet search engine Google Inc. But the 3rd U.S. Circuit Court of Appeals ruling says Aaron and Christine Boring will have to prove the pictures of their home on…
Google – United States courts of appeals – United States – Web search engine – Pennsylvania
NEW YORK (Reuters) – U.S. stocks advanced on Friday, sending major indexes up more than 1 percent, as reassuring reports on the fourth-quarter 2009 gross domestic product and January consumer sentiment rekindled the appetite for riskier assets.
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Stocks advance after upbeat data
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Products That Rocked Stocks
Confidence among U.S. consumers improved in January to the highest level in two years as the economic expansion prompted companies to limit job cuts.
U.S. Michigan Consumer Sentiment Index Rose to 74.4 (Update2)
Stocks rebounded and the dollar strengthened, while Treasuries fell, after the U.S. economy grew at the fastest pace in six years and companies from Amazon.com Inc. to Chevron Corp. posted higher-than-estimated results.
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Stocks, Dollar Gain, Treasuries Drop After GDP Tops Estimates
Peter Weinberg, founding partner of Perella Weinberg Partners LP, said he sees “no renewed surge of confidence” in mergers and acquisitions.
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Peter Weinberg Sees No Resurgence of Confidence in M&A Market
President Barack Obama directed the federal government to reduce greenhouse-gas emissions 28 percent by 2020.
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Obama Sets 28% Reduction in Federal Greenhouse Gas Emissions
NEW YORK (Reuters) – American Express Co increased the base pay of Chief Executive Kenneth Chenault to $2 million from $1.25 million, the company reported on Friday in a regulatory filing.
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American Express CEO gets base pay bump
BOSTON (Reuters) – Diversified U.S. manufacturer Honeywell International Inc set a first-quarter profit target that fell short of analysts’ forecasts and its shares fell 4 percent.
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Honeywell sets low quarterly forecast, shares fall
The economy expanded at a 5.7% pace at the end of 2009, the fastest in six years, as factories cranked up assembly lines to avoid plunging inventories
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U.S. Economy Soared in 4th Quarter
China’s central bank said rising inflation will complicate management of the world’s third- largest economy in 2010 after record lending sparked a jump in property prices and added to overcapacity in some industries.
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China Central Bank Says Price Threat Makes 2010 Difficult Year
In an e-mail to employees obtained by The Associated Press, the company said it presented a remedy to the National Highway Traffic Safety Administration. The memo did not say when the repairs would make their way to customers. “Plans are being developed on a variety of fronts. Tomorrow we will update you with further details,” Toyota said in the e-mail, which was sent last night.
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Toyota expected to provide details today on remedy for defective pedal