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Five Former Insurance Execs Found Guilty
HARTFORD, Conn. (AP) -- Five former insurance company executives were found guilty Monday of a scheme to manipulate the financial statements of the world's largest insurance company, American International Group Inc....
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UPS May Miss 1Q Forecast
ATLANTA (AP) -- UPS Inc. may not meet its first-quarter earnings guidance and plans to focus more on growth opportunities overseas because of the uncertain U.S. economy, executives of the world's largest shipping carrier said Wednesday....
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Goldman Sachs eyes Land Securities' Trillium ops
LONDON (MarketWatch) -- Goldman Sachs Group Inc. (GS) is considering entering the GBP1.5 billion auction of Trillium, the outsourcing unit of property group Land Securities Group PLC (LAND.LN), reports The Sunday Telegraph newspaper, without saying where it got its information.
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CIT Group reports quarterly loss, cuts dividend
CIT Group Inc. reports a $257 million quarterly loss, cuts its dividend and unveils plans to sell at least $5 billion of assets and commitments as the commercial finance giant tries to cut leverage and boost liquidity amid the global credit crunch.
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Chevron 1Q profit rises 10 percent on higher oil prices
SAN RAMON, Calif. (AP) -- Coming off four straight years of record earnings, Chevron Corp. cashed in on soaring oil prices to begin 2008 with the most profitable first quarter in its history....
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