Archive for May 14th, 2008

Clear Channel and its prospective private equity buyers finally reached an agreement with their banks to finance the deal Wednesday. Now, all that stands in the way is the approval of the radio conglomerate's shareholders.

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The New York-based bank may cut 4,000 jobs as it integrates its purchase of Bear Stearns and slims its cost structure with the economy slowing.

The earthquake that struck China's Sichuan Province this week, killing thousands of people, caused an estimated $20 billion in damage - most of it uncovered by insurance, a catastrophic risk modeling firm said Wednesday.

Congress Wednesday examined a proposed $3.1 billion merger that would create the world's largest carrier as critics of the deal warned it could drive up the price of air travel.

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As the presidential primary season draws to a close, it is worthwhile to contemplate this:

As many as 1 million borrowers from Sallie Mae, the nation's largest student lender, may have seen their credit score plunge overnight after a coding error made some student loan repayments appear delinquent.

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