PENNSYLVANIA

Citigroup CEO Prince seen losing his crown

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When Charles Prince replaced Sanford Sandy Weill at the helm of Citigroup Inc, he was given the unenviable task of replacing a legend. Shareholders feared he could never fill Weill's shoes. They may soon be proven right.

Citigroup CEO Prince to resign: reports

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Citigroup Inc Chief Executive Charles Prince plans to resign this weekend, the Wall Street Journal said, as the widening subprime mortgage crisis deals a final blow to a reign long under attack. The largest U.S. bank by assets plans to hold an emergency board meeting on Sunday, at which Prince will step down, the newspaper said on Friday, citing people familiar with the situation.
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Wells Fargo, other banks hurt by credit losses

Wells Fargo & Co and other U.S. regional banks on Tuesday reported disappointing third-quarter results, hurt by mounting losses from mortgages and other loans as the U.S. housing market slumps.Earnings fell short of analysts' forecasts at Wells Fargo, Regions Financial Corp and KeyCorp U.S. Bancorp's results topped forecasts, though profit fell. All four banks said loan losses rose.
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Ticketmaster wins court order vs. mass purchases

Amid an uproar over the huge demand for seats to pop idol Hannah Montana's tour, a U.S. federal judge on Monday barred the use of automated software to make mass ticket purchases from the leading box-office service Ticketmaster.
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Citigroup shakes up management

Citigroup Inc, which last week forecast 60 percent declines in third-quarter earnings amid bad debt losses, said it was promoting Vikram Pandit to head banking, markets, and alternative investments, and that trading head Thomas Maheras was leaving.
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Wal-Mart told to pay more in worker suit

Wal-Mart Stores Inc must pay an additional $62.3 million in damages to Pennsylvania workers who were forced to work "off the clock" or during rest breaks, a judge ruled on Wednesday.
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Bush vetoes popular bill on kids' health care

President George W. Bush on Wednesday vetoed a measure to expand a popular children's health care program, launching the first in a series of major battles with Democrats over domestic spending. An extra $35 billion over five years would have been added to a health program for low-income children.
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U.S. remembers 9/11 attacks in silence

Americans stood in silence to remember the nearly 3,000 people killed in the September 11 attacks on Tuesday as Osama bin Laden resurfaced to praise the suicide hijackers who carried them out six years ago to the day.
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Focus on WTC site for 9/11 commemoration

Under a gray and drizzly sky, thousands gathered around the sprawling, reconstruction site of the World Trade Center in New York City to take part in ceremonies, view memorials and commemorate the deaths of those killed in terrorist attacks six years ago on September 11.
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Remembering 9/11

New Yorkers are doing all they can to preserve the way September 11 is commemorated, and with it falling on a Tuesday for the first time since 2001, the day is another trigger of tragic memories. And across the United States, September 11 will have much of the same emotional impact that has gripped the American psyche and dominated U.S. political discourse for six years, an impact that will not soon ease, analysts say.
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H&R Block's Option One sale in doubt; loss widens

H&R Block Inc, the largest U.S. tax preparer, said it was trying to renegotiate the sale of its Option One Mortgage Corp unit and would get out subprime lending after its quarterly loss more than doubled.
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Investors swing between fears and opportunities

Prospects that U.S. equity markets would bounce back on Wednesday after two days of falls lifted European markets, suppressing fears about weakness in the U.S. economy and global financial system.
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U.S. Home re-sales fall as inventories soar

The pace of sales of pre-owned homes fell slightly in July but the inventory of unsold properties soared to the highest level in over 15 years as troubles in the subprime mortgage market continued to wreak havoc on the housing sector. Home sales slid 0.2 percent in July to a seasonally adjusted 5.75 million unit annual rate, according to the National Association of Realtors.
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Trump Entertainment looks to diversify

U.S. casino operator Trump Entertainment Resorts Inc. has made diversifying beyond Atlantic City, New Jersey, a priority and is closing in on its first deal, its chief executive said on Monday.
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Temporary jobs drop may augur slower growth

The economy has added non-farm jobs at a steady pace so far this year, but with businesses cutting back on hiring temporary workers, economists say the labor market may be on course to weaken.
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Texas leads list of dirtiest U.S. power plants

Texas has the most entries on a list of the dirtiest U.S. power plants, while New England and the Pacific Coast make less carbon dioxide because they have fewer coal-burning plants, an environmental group said on Thursday.
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States to help subprime owners refinance: WSJ

A number of U.S. states are setting up funds to help homeowners with risky subprime mortgages refinance to more affordable loans in a bid to slow the rate of home foreclosures, The Wall Street Journal reported on its Web site.

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