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Price of Oil Rises Again, Rattling the Markets
Crude oil closed at $143.57 a barrel, another record, sending shudders through financial markets already worried about the prospect of a global economic slowdown.
The New York Times

Microsoft, Yahoo mull media partner options: sources (Reuters)
Microsoft Corp and Yahoo Inc have been holding separate talks with other potential media partners after their negotiations with each other broke down, sources familiar with the companies' thinking said on Wednesday.
yahoo.com

Toronto area parts maker closes plants, 2,000 jobs lost
Progressive Moulded Products Ltd. confirms it has ceased operations at plants in Concord and Rexdale
The Globe and Mail

Stocks to Watch: Stocks in focus for Thursday
SAN FRANCISCO (MarketWatch) -- Among the companies whose shares are expected to see active trade in Thursday's abbreviated session are Nvidia Corp., Abbott Laboratories, and AMR Corp.
MarketWatch.com

Lehman issues shares to all its employees
Lehman Brothers has issued shares to all employees representing about 20 per cent of their equity compensation for the year, a person close to the matter said
FT.com

Stocks plunge - Dow officially in a bear market / New record-high oil prices, GM bankruptcy fears fuel Wall Street slide
Wall Street resumed its sell-off Wednesday after oil hit a record and a bearish analyst report renewed concerns that General Motors Corp. could run out of cash. The stock market's pullback, which accelerated in the final hours of the week's last full trading...
San Francisco Chronicle

Toyota to overhaul U.S. strategy after June slump
HONG KONG (MarketWatch) -- Toyota Motor Corp. is planning an overhaul of it U.S. operations following weaker sales in June, with the automaker likely to introduce additional production holidays at its...
India Gazette

US markets enter bear territory
Leading US indices closed in firm bear market territory for the first time in the current downturn as oil prices soared above $144 and General Motors faced further questions over its liquidity.
Telegraph

After The Close - Wednesday
ABBOTT LABS (ABT), the biotech titan, has received the FDA's OK for its drug-coated stent Xience V. It will launch the stent immediately. Shares...
Investors.com

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Archived "business - corp close" news stories.

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