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Reuters - Stocks headed for a higher open on Friday as investors followed up two days of steep losses that toppled Wall Street to an 11-year low by scooping up shares of banks and other beaten-down sectors.
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0 Comments Reuters - (Reuters) -: Pimco's Mohamed El-Erian on Friday said fourth-quarter GDP is falling off a cliff, in an interview on CNBC. Highlights:
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Reuters - AnnTaylor Stores Corp reported a quarterly loss on Friday as the financial crisis exacerbated already weak sales trends, and the women's clothing retailer said it expected consumer spending to remain soft through the current fourth quarter.
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Reuters - President-elect Barack Obama's transition team is not exploring a prepackaged bankruptcy plan for U.S. automakers, officials from Obama's team said on Friday.
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