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Business News
China's Central Bank to cut bank reserve requirement
BEIJING (AP) -- China's Central Bank said Sunday that it will cut its bank reserve requirement ratio by 1 percentage point to stimulate more lending into a slowing economy....
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US oil and natural gas rig count drops by 34 to 954
Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by 34 this week to 954 amid depressed oil prices....
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Recalls this week: blowers, bike hooks, mattresses, toys
A line of bike hooks that can unexpectedly detach from their mounting are among this week's recalled consumer products. Other recalls include mattresses that failed flammability standards and truck and motorcycle toys with excessive amounts of lead....
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GE posts $13.6 billion loss on finance unit sale
NEW YORK (AP) -- The industrial heart of General Electric, the company's new focus, posted lower revenue and earnings in the first quarter amid an enormous overall loss resulting from its recently-announced sale of most of the assets in its finance subsidiary....
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Why banks made more money last quarter
NEW YORK (AP) -- Wall Street and Main Street gave banks a boost last quarter....
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Poll
How are you feeling about the Sabres picking 2nd overall in the draft and likely getting Jack Eichel?
  I'm psyched!
  We lost but the consolation prize is pretty good!
  I'm hoping for a "deal"!
 
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