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In new era, U.S. to buy $250 billion in bank stakes
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NEW YORK (Reuters) - The United States ushered in a new era in banking on Tuesday with plans to take equity stakes worth up to $250 billion in financial institutions, an incursion into the private sector that U.S. officials called a regrettable last resort. |
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Stocks drop on profit worries
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NEW YORK (Reuters) - Stocks fell on Tuesday, led by technology companies on concerns a sharp global economic slowdown would crimp profits. |
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Fickle winds fuel California fires for third day
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LOS ANGELES (Reuters) - Hot desert winds raced through the parched canyons of Southern California for a third day on Tuesday and stoked two wildfires hopscotching around neighborhoods on the fringes of Los Angeles. |
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