| Asian Companies Coping With Mystery Virus |
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| A mysterious life-threatening illness is straining economic activity across Asia, forcing manufacturers to temporarily shut down, bankers to cancel face-to-face meetings and visitors to stay away. Full Story
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| AP Photo – STR
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| Wachovia Corp. Details SEC Investigation |
| Wachovia Corp. said it believes stock buys under instruments known as forward purchase contracts are part of a Securities and Exchange Commission investigation into company stock trades from 1996 to 2001. Full Story
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| King Pharmaceuticals Drops Elan Buy Plan |
| King Pharmaceuticals Inc. announced Wednesday it was backing out of an $850 million deal to buy the primary care business unit and two brand-name drugs of Ireland-based Elan Corp. PLC. Full Story
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| Dow Closes Up 215 Points; Nasdaq Rises 48 |
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| Wall Street shot higher as U.S.-led forces closed in on Baghdad Wednesday, boosting investor optimism that the two-week-old war with Iraq might soon end. The Dow Jones industrials soared 215 points to their best performance in nearly two weeks. Full Story
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| AP Photo – KATHY WILLENS
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| Kodak Names Antonio Perez President, COO |
| Eastman Kodak Co. picked Antonio Perez, a longtime executive at computer giant Hewlett-Packard Co., as its president and chief operating officer. Full Story
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| Goodyear Expects $1.1 Billion 2002 Loss |
| Goodyear Tire & Rubber Co. said it expects to post a record loss of about $1.1 billion for 2002, mostly due to a big charge related to tax deductions. Full Story
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| Biogen Shares Rise on Improved Outlook |
| Shares of biotech company Biogen, Inc. surged Wednesday after the company raised its first-quarter earnings outlook, citing unexpectedly strong interest from doctors in its new psoriasis drug Amevive. Full Story
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| Raytheon May Speed Up Tomahawk Production |
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| Defense contractor Raytheon Corp. said it is in talks with the Navy to accelerate production of the next generation of Tomahawk cruise missiles after two weeks of war in Iraq have depleted stocks of the existing model. Full Story
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| AP Photo – TINI TRAN
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| 2 Ex-Enron Broadband Execs Plead Innocent |
| Two former midlevel Enron executives pleaded innocent Wednesday to charges related to an alleged scheme that generated $111 million in fake earnings with the bankrupt energy company's failed attempt to start an Internet movie-on-demand service. Full Story
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| GM Recalls 1997 SUVs to Fix Seat Belts |
| General Motors Corp. said Wednesday it is recalling 341,000 model year 1997 Chevrolet Blazer, GMC Jimmy and Oldsmobile Bravada sport utility vehicles to replace a driver seat belt buckle assembly. Full Story
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| Home Mortgages |
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| Dow Up 234 As U.S. Troops Near Baghdad |
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| Wall Street moved sharply higher as U.S.-led forces closed in on Baghdad Wednesday, boosting investor optimism that the two-week-old military conflict with Iraq might soon end. The Dow Jones industrials soared more than 230 points. Full Story
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| AP Photo – JOHN MOORE
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| American Pilots Mull Deal That Cuts Jobs |
| Over the next two weeks, American Airlines pilots must decide which is worse - steep salary cuts and 2,500 positions culled from their ranks or a company bankruptcy filing in which a court is likely to impose even harsher measures. Full Story
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| Poll: Consumer Confidence Rises |
| A new poll released Wednesday found that the war isn't hurting consumer confidence, with attitudes about the economy even rising a tad but still remaining near a nine-year low. Full Story
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| Dow Jones Averages At 2:30 |
| Full Story
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| Tyco Sues Former CFO for $400 Million |
| Tyco International has filed a $400 million lawsuit against former chief financial officer Mark Swartz, claiming he looted the conglomerate for his personal gain. Full Story
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| Dow Up 224 As U.S. Troops Near Baghdad |
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| Wall Street moved sharply higher as U.S.-led forces closed in on Baghdad Wednesday, boosting investor optimism that the two-week-old military conflict with Iraq might soon end. The Dow Jones industrials rose more than 220 points. Full Story
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| AP Photo – JOHN MOORE
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| Dow Jones Averages At 2:00 |
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| Virginia Delays Sale of Tobacco Bonds |
| Virginia's sale of $767 million in bonds backed by the proceeds from the national tobacco settlement has been postponed after Philip Morris USA said it may not be able to make a major payment toward the settlement this month. Full Story
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| Dow Up 216 As U.S. Troops Near Baghdad |
| Wall Street moved sharply higher as U.S.-led forces closed in on Baghdad Wednesday, boosting investor optimism that the two-week-old military conflict with Iraq might soon end. The Dow Jones industrials rose more than 210 points. Full Story
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| First Data Buying Concord for About $7B |
| First Data Corp., the parent of the money transfer company Western Union, is buying rival electronic payments processor Concord EFS Inc. for nearly $7 billion in stock. Full Story
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| Dow Jones Averages At 1:00 |
| Full Story
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| Air Canada Seeks Bankruptcy Protection |
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| Air Canada has become the latest major airline to file for bankruptcy protection as it seeks concessions from unions and government assistance amid the long worldwide slump for air travel. Full Story
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| AP Photo – FRANK GUNN
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| 2 German Cos. Cut Cross-Shareholdings |
| Two German financial giants, insurance and banking group Allianz and reinsurer Munich Re, said Wednesday they had cut their shareholdings in each other to just below 20 percent - meaning their heavy losses no longer weigh on each other's earnings. Full Story
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| Dow Jones Averages At 12:30 |
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