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Stocks rally on bank rescue optimism
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NEW YORK (Reuters) - Stocks extended gains on Monday, with benchmark indexes up more than 6 percent, as signs that Washington is working to pump cash into banks stemmed a slide in financial shares and investors snapped up beaten-down stocks across sectors, including healthcare and technology. |
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Santander eyes Sovereign in hunt for bargains
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MADRID (Reuters) - Spain's Santander said it was in talks to acquire Sovereign Bancorp Inc on Monday, as the euro zone's largest bank hunted for bargains in a sector that has been hit by the global financial crisis. |
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