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Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals.
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Wall Street futures shoot up
(Reuters) - Stock futures pointed to a rebound on Friday after sharp losses in the previous session. Dow Jones futures were up 3.9 percent, S&P 500 futures were up 4.5 percent and Nasdaq futures were up 3.9 percent at 5:03 a.m. EST.
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Democrats demand Big 3 offer survival plan
WASHINGTON (Reuters) - Democratic congressional leaders, seeking to salvage a bailout of the Big Three automakers, demanded executives provide a business survival plan in exchange for their support of up to $25 billion in loans.
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Citigroup eyes options, including merger
NEW YORK (Reuters) - Citigroup Inc lost more than one-quarter of its market value on growing worries over whether it has enough capital to withstand billions of dollars of potential losses and despite new support from its largest individual investor.
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Fannie Mae, Freddie Mac suspend some foreclosures
NEW YORK (Reuters) - Fannie Mae and Freddie Mac, the two biggest U.S. home loan finance companies, on Thursday said they would suspend foreclosures of occupied homes until early 2009, as the government moves to stem the tide of home losses plaguing the economy.
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Honda to cut more production
TOKYO (Reuters) - Honda Motor Co said it would build fewer cars in Japan, Europe and North America to reflect an increasingly bleak outlook for sales as the global economic crisis discourages big-ticket purchases.
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