Reuters - Pfizer Inc. said on Tuesday pivotal-stage trials found that adding its experimental HIV drug maraviroc to a regimen of the best-available drugs resulted in twice as many patients achieving suppression of the virus.
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AP - Alan Greenspan and the Wall Street nosedive aside, economists think the probability of a U.S. recession this year is fairly low and the likelihood of one in China is even slimmer.
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AP - Federated Department Stores Inc. reported strong fourth-quarter profits Tuesday and said it will change its name to Macy’s Group Inc. But the department store operator — still struggling to integrate former May Department Stores Co. stores — offered a profit forecast well below Wall Street expectations.
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Reuters - Planemaker Airbus will announce on Wednesday plans to axe 10,000 jobs in four European countries, but will force contractors to share the pain of cuts which could provoke labor unrest, industry sources said.
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Reuters - U.S. stocks tumbled on Tuesday, driving the Dow Jones industrial average down in its worst slide since the aftermath of the September 11 attacks, as a sell-off in China’s stock market raised concerns that equity valuations may be too high.
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Reuters - Australian travel retailer Flight Center Ltd. said its planned A$1.62 billion ($1.28 billion) management buy-out did not receive shareholder approval at a meeting on Wednesday.
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AP - Q. It’s getting close to the deadline for filing income tax forms, but I don’t think I can pay what I’m going to owe this year. What should I do?
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Reuters - Australia’s Centro Properties Group has agreed to buy New Plan Excel Realty Trust for about $3.4 billion in cash, accelerating the group’s push into the United States.
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