Reuters - U.S. stocks fell into negative territory on Friday as shares of financials including Citigroup declined and investors worried about the deepening economic slump.
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Reuters - U.S. consumers expect the unemployment rate to rise steeply in a prolonged recession, and as a result have slashed spending plans, according to a survey released on Friday.
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AFP - Wal-Mart Stores, the world's biggest retailer, announced Friday the appointment of Mike Duke, a company vice chairman, as the new chief executive effective February 1.
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AP - Wal-Mart Stores Inc., the world's largest retailer, unexpectedly announced Friday that its chief executive will retire in February and be replaced by the head of its international division.
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Reuters - General Motors Corp said on Friday it will return two leased corporate jets.
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Reuters - Stocks pared gains on Friday, and the Dow Jones industrial average briefly turned negative, as shares of Citigroup slid further and investors fretted about the worsening economic downturn.
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Reuters - Citigroup Inc shares fell sharply again on Friday as the second-largest U.S. bank by assets mulled a variety of options including a possible merger or asset sales to restore the bank's health and investor confidence, a source said.
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Reuters - Wal-Mart Stores Inc , the world's largest retailer, said Lee Scott will retire as chief executive early next year, and will be succeeded by Mike Duke, who heads its international operations.
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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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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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