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Bernanke: Financial turmoil in markets easing

Bernanke: Financial turmoil in markets easing

Turmoil in financial markets has eased somewhat, but the situation is still "far from normal," Federal Reserve Chairman Ben Bernanke said Tuesday. Full Story

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    Media moguls Barry Diller and John Malone have settled their differences over the breakup of Diller's IAC/InterActiveCorp, paving the way for the Internet conglomerate to spin off four of its units.

  • Median home prices drop in many cities

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  • 3 Ky. lawyers face trial, accused of defrauding clients

    Two part owners of last year's Preakness winner went on trial Tuesday on charges they defrauded clients out of millions in a case being watched closely by the thoroughbred industry because the men could lose their share of the horse.

  • Bernanke: Financial turmoil in markets easing
    Bernanke: Financial turmoil in markets easing

    Turmoil in financial markets has eased somewhat, but the situation is still "far from normal," Federal Reserve Chairman Ben Bernanke said Tuesday.

  • Bonds fall as retail sales stronger than expected

    Treasury prices fell Tuesday as signs of modestly better-than-expected consumer spending and rising inflation made safe government securities less attractive to investors.

  • Gold futures drop after dollar gains against euro

    Gold prices fell sharply Tuesday after the dollar gained some muscle against the euro, weakening the appeal of precious metals as an inflation hedge.

  • Corporate Express rebuffs sweetened Staples bid

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  • Wal-Mart and TJX report solid 1st-quarter profit gains
    Wal-Mart and TJX report solid 1st-quarter profit gains

    NEW YORK — Solid first-quarter profits from discounters Wal-Mart and TJX show that more Americans are hunting for bargains as they struggle to cover their monthly credit card payments, put food on the table and gas in the family car.

  • Bush administration rules limit lawsuits

    Faced with an unfriendly Congress, the Bush administration has found another, quieter way to make it more difficult for consumers to sue businesses over faulty products. It's rewriting the bureaucratic rulebook.

  • HP to buy EDS for $12.6 bln in challenge to IBM
    HP to buy EDS for $12.6 bln in challenge to IBM

    Hewlett-Packard Co <HPQ.N> plans to buy technology outsourcing company Electronic Data Systems Corp <EDS.N> to better compete against IBM <IBM.N>, but Wall Street questioned whether the $12.6 billion deal for a slow-growing company was overpriced.

  • Oil price, financials hit Dow; techs lift Nasdaq

    Blue-chip stocks declined on Tuesday as oil rose to another record and underscored concerns about inflation, while the Federal Reserve chairman said financial markets are still troubled.

  • Icahn may run Yahoo proxy campaign: source
    Icahn may run Yahoo proxy campaign: source

    Billionaire investor Carl Icahn is considering mounting a proxy campaign to replace Yahoo Inc <YHOO.O> board members after the company failed to reach a deal to merge with Microsoft Corp <MSFT.O>, a source close to the matter said on Tuesday.

  • BHP CEO won't rule out adding cash to Rio bid: report
    BHP CEO won't rule out adding cash to Rio bid: report

    BHP Billiton Ltd/Plc <BHP.AX><BLT.L> was not ruling out adding cash to its all-share hostile offer for rival Rio Tinto Ltd/Plc <RIO.AX><RIO.L>, Chief Executive Marius Kloppers told broadcaster CNBC.

  • Electronic Arts profit outlook disappoints
    Electronic Arts profit outlook disappoints

    Top video game publisher Electronic Arts Inc <ERTS.O> issued an annual profit outlook on Tuesday that fell short of Wall Street forecasts as a drive to improve quality jacked up costs. Its shares fell 3.7 percent.

  • JPMorgan may cut 4,000 jobs on Bear deal and markets

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  • Bernanke says crisis not over; prices worry others
    Bernanke says crisis not over; prices worry others

    Federal Reserve Chairman Ben Bernanke said on Tuesday the credit crisis was not over, even as his colleagues revealed growing concerns about inflation that could signal a pause in interest rate cuts.

  • Toyota mulling building new low-cost car plant

    Japan's Toyota Motor Corp <7203.T> said on Wednesday it is considering setting up a new plant to build small, low-cost cars.

  • Whole Foods acquisition crimps profit, shares fall
    Whole Foods acquisition crimps profit, shares fall

    Whole Foods Market Inc <WFMI.O> on Tuesday posted lower quarterly net profit, missing analysts' estimates by a penny, as it booked charges related to its $565 million acquisition of rival Wild Oats Markets in August.

  • Applied Materials sees end to downturn, shares up

    Applied Materials Inc said on Tuesday the semiconductor equipment industry was nearing the end of its downturn, but industry capital spending this year would fall more than it previously expected.

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