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| Tame inflation data spurs stock rally
(Reuters)
|
 Reuters - Stocks rose on Wednesday after
government data showed that consumer prices rose less than
expected in April, taking pressure off the Federal Reserve to
raise interest rates.
|
| Freddie Mac loss widens less than feared
(Reuters)
|
 Reuters - Freddie Mac posted a
smaller-than-expected quarterly loss on Wednesday and the
second-biggest U.S. home-financing company said it would raise
capital to expand its business, sparking a rally in its shares.
|
| Tame April price rise eases inflation worry
(Reuters)
|
 Reuters - Consumer prices rose less than
expected in April as energy prices paused after their recent
surge, easing inflation fears.
|
| GM will need over $9 billion in new financing: Lehman
(Reuters)
|
 Reuters - General Motors Corp will need to
raise over $9 billion in financing over the next two years to
refinance existing debt and to offset projected cash losses in
its auto operations in North America, Lehman Brothers analyst
Brian Johnson said on Wednesday.
|
| Clear Channel trial adjourned
(Reuters)
|
 Reuters - A New York State judge adjourned the
trial over financing of the Clear Channel Communications Inc
buyout on Wednesday, giving the banks involved 14 days
to fund the new, lower-priced deal.
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