2008 AP FILE PHOTOIn this photo, the company logo is seen on the doors of a building at Merck & Co. headquarters in Whitehouse Station, N.J. Merck and one of its drug development partners parted ways today. In a filing…

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NJ’s Merck and GTx Inc. terminate partnership

The two pilots for Delta Air Lines Inc.’s Northwest unit who had their licenses suspended after accidentally flying past Minneapolis in October can reapply to fly Aug. 29, the Federal Aviation Administration said today.

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Pilots Who Flew Past Minneapolis Can Apply to Fly Again

American International Group Inc., the bailed-out insurer, cut retention bonuses to be delivered to former employees today by about $21 million to meet a target imposed by U.S. paymaster Kenneth Feinberg, said a person briefed on the company’s plans.

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AIG Said to Cut Bonuses by $21 Million to Hit Target (Update1)

Senator Christopher Dodd unveiled legislation that empowers regulators to break up large financial firms, ban proprietary trading, and oversee hedge funds and derivatives, aiming to enact the most sweeping rules overhaul since the 1930s.

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Dodd Bill Empowers Regulators to Limit Size of Financial Firms

Interest rates have barely budged in the bond market ahead of the Federal Reserve’s meeting on interest rates. Policymakers aren’t expected to raise the Fed’s benchmark rate from record low levels at their meeting Tuesday. Traders will be looking for any hint…

Federal Reserve System – Interest rate – Bond market – Business – Economic

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Rates hold to tight range ahead of Fed meeting

President Barack Obama pushed congressional Democrats to vote for an overhaul of the U.S. medical system as he focused on the plight of Americans without health insurance in a visit to Ohio.

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Obama Highlights Uninsured in Push for Health Bill (Update3)

Dolby Laboratories Inc., aiming to entice more movie theaters to use its 3-D video technology, cut the price of its 3-D glasses to $17 from $27.50.

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Dolby Cuts Price of 3-D Glasses to $17 From $27.50 (Update2)

NEW YORK (Reuters) – Stocks were little changed on Monday as a late rebound in financial stocks offset nagging worries the Chinese government may tighten credit, a move that could slow growth in the global economy.

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Wall Street ends flat as banks rebound late

Brenntag Holding GmbH, the German chemicals distributor owned by private-equity firm BC Partners Ltd., started an initial public offering that may raise as much as 837 million euros ($1.15 billion).

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Brenntag Starts $1.15 Billion Initial Public Offering (Update2)

Investors turned cautious Monday ahead of the Federal Reserve’s meeting on interest rates. Major stock indexes closed narrowly mixed after trading lower for most of the day. An analyst upgrade of Wal-Mart Stores Inc. helped lift the Dow Jones industrial…

Business – Investing – Commodities and Futures – Economy of the United States – United States Department of Commerce

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Stocks end mixed ahead of Fed’s rate meeting

Shares of Interactive Brokers Group Inc. fell Monday after an analyst downgraded the automated electronic broker, citing its exposure to market volatility. Keefe Bruyette & Woods analyst Niamh Alexander lowered his rating on the company to “underperform” from…

Keefe Bruyette & Woods – Business – Bruyette & Woods – Business and Economy – Niamh Alexander

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Interactive Brokers shares fall on KBW downgrade

News Corp. will earn $350 million to $400 million from James Cameron’s “Avatar” once the world’s top-grossing film is also released on pay television and DVD, said two people with knowledge of its financial performance.

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Murdoch Spreads Risk, Nets $400 Million From ‘Avatar’ (Update2)

Oil prices settled below $80 a barrel Monday, dragged down by a stronger dollar and increasing investor concerns about energy demand. Energy prices fell across the board, with benchmark crude contracts for April delivery sliding $1.44 to settle at $79.80 a…

International Energy Agency – Developed country – Business – Economic – Energy

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Oil settles below $80 as demand worries persist

The Obama administration’s pay czar is reducing 2010 compensation for top executives at GMAC Inc. because the auto finance giant continues to lose money and has no strategy for repaying its $16.3 billion taxpayer bailout, according to people familiar with the…

GMAC – Finance – Presidency of Barack Obama – United States – General Motors

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Pay czar limits exec pay at still-struggling GMAC

Police escorted convoys of flatbed trucks carrying piles of sandbags into neighborhoods along Fargo’s Red River on Monday as residents began preparing to keep the looming flood waters away from their homes. The cities of Fargo in eastern North Dakota and…

North Dakota – Minnesota – Red River of the North – Flood – Fargo

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Sandbags delivered ahead of expected Fargo flood