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Yahoo! News: Business
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Business
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Finance leaders endorse G7 plan to calm markets
(Reuters)
Reuters - Finance leaders from the International Monetary Fund's 185 member countries on Saturday endorsed a plan by major economies to chart a course out of the credit crisis, hoping the broader support will calm markets.
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IMF warns of financial meltdown
(Reuters)
Reuters - The IMF warned on Saturday that the global financial system was on the brink of meltdown, while France and Germany pushed ahead with a pan-European crisis response to try to prevent the worst global downturn in decades.
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Chrysler, GM have merger talks: sources
(Reuters)
Reuters - Chrysler LLC has had talks with General Motors Corp about a deal to combine the No. 1 and No. 3 American automakers at a time when both are struggling to cut costs and shore up cash, according to three people familiar with the matter.
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Wealth funds, recipients adopt investing principles
(Reuters)
Reuters - Government-owned wealth funds and the countries that accept their investments agreed on Saturday to a set of principles aimed at ensuring that both sides play by the rules.
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Italy to push for broader G7 membership
(Reuters)
Reuters - Italy will push for broadening membership in the Group of Seven when it takes over leading the rich nations' club next year, Italian Economy Minister Giulio Tremonti pledged on Saturday.
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G7 pledges urgent, decisive action as markets reel
(Reuters)
Reuters - Finance chiefs of the world's major economies pledged on Friday to take decisive action and work together to stem the escalating financial crisis after another day of gut-wrenching drops on world markets.
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Money-market funds flock to guarantee program
(AP)
AP - Nearly all the $3.4 trillion in money-market mutual funds is expected to be federally guaranteed for at least the next three months, now that all the major fund providers signed up to participate by a deadline that passed Wednesday.
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Apparel chains report dismal September sales
(AP)
AP - Dismal September sales results from mall-based apparel chains, released Thursday, offered more fresh evidence that American consumers, spooked by the financial meltdown, shut their wallets tight last month.
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