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Business News
Ford to invest $182M in software development company
DEARBORN, Mich. (AP) -- Ford says it is investing $182 million in a San Francisco software development company called Pivotal....
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Consumer watchdog proposes ban on some arbitration clauses
NEW YORK (AP) -- If government regulators get their way, it's going to become a lot easier to sue your bank....
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Markets Right Now: Energy sector leads early gains in stocks
NEW YORK (AP) -- The Latest on developments in financial markets (all times local):...
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Fannie Mae posts $1.1B profit in 1Q; paying $919M dividend
WASHINGTON (AP) -- Mortgage giant Fannie Mae posted net income of $1.1 billion for the first quarter, down from a year ago as declining interest rates reduced the value of the financial instruments it uses to hedge against rate swings....
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Merck beats 1Q profit views with tight cost controls
Merck posted an 18 percent jump in first-quarter income, beating Wall Street expectations, as reduced spending on marketing, administration and research easily offset lower sales of its medicines outside the U.S....
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