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Oil prices climb on Nigeria, U.S. refinery fire

Oil prices rose nearly 4.8 percent to a six-month high on Monday as violence in Africa's top crude exporter Nigeria and a fire at a key U.S. East Coast refinery revived concern about supplies.

Berkshire adds shares of US Bancorp, Wells

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Warren Buffett's Berkshire Hathaway Inc said on Friday it had modestly raised its stakes in Wells Fargo and US Bancorp , two banks whose market values have fallen dramatically.
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Tech and defensive stocks boost Wall Street

Stocks rose on Thursday, lifted by a rebound in technology shares, while a surprisingly big rise in weekly jobless claims brought new worries about the economy and pushed defensive shares higher.
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U.S. infrastructure partnerships to shrink

Smaller, shorter and slower will be the key factors governing U.S. public-private partnerships going forward after recent proposed deals imploded due to political or financing troubles.
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Wall Street falters on economic jitters

U.S. stocks declined on Thursday as bleak reports on housing and the labor market dented hopes the economic slump was abating and outlooks from bellwethers like UPS heightened worries about corporate profits.
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Stakes high as U.S. Congress returns

Barack Obama's presidency has been a wild ride for the U.S. Congress and lawmakers are bracing for more turbulence when they begin returning on Monday to tackle an array of tough issues from healthcare to energy.
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Factory data lifts Dow; Intel weighs on Nasdaq

The Dow and S&P 500 rose on Wednesday after better-than-expected regional factory data lifted hopes that the recession is moderating and prompted investors to buy some shares of manufacturers such as United Technologies and 3M Co .
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US STOCKS-Factory data lifts Dow; Intel weighs on Nasdaq

The Dow and S&P 500 rose on Wednesday after better-than-expected regional factory data lifted hopes that the recession is moderating and prompted investors to buy some shares of manufacturers such as United Technologies and 3M Co .
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Retail sales, producer prices fall sharply

Sales at U.S. retailers unexpectedly fell 1.1 percent in March after rising for two straight months, government data showed on Tuesday, dimming hopes the 16-month-old recession was close to hitting bottom.
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Qwest ex-CEO Nacchio ordered to report to prison

Former Qwest International Inc Chief Executive and convicted insider trader Joseph Nacchio appears headed for prison on Tuesday after a years-long legal battle marked by a litany of appeals and verdict reversals.
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Rally's fate turns on bank results

If Wells Fargo's strong first-quarter preliminary performance is any sign, stocks could rally further this week on any reassuring news when three other big banks post quarterly results.
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Moody's strips Berkshire Hathaway of top rating

Moody's Investors Service cut its credit ratings on Berkshire Hathaway Inc from Aaa, the top rating, saying the recession and investment losses at insurance operations of investor Warren Buffett's holding company reduced its ability to support funding needs.
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Alcoa Emerging With Less Damage

Aluminum giant Alcoa Inc continued to grapple with the economic downturn in the first three months of 2009 as its measures to stem losses bore fruit, reporting a deficit half as small as the previous quarter.

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