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10th bank failure of 2008
10th bank failure of 2008
5:58pm: Georgia's Integrity Bank is closed by state regulators. FDIC is named receiver and branches will reopen as Regions Bank. more
Payday for biotech
3:04pm: The one bright spot in M&A in 2008 are drugmakers, where giant pharmaceutical companies are paying record amounts for biotechs to replenish their pipelines. more
Toyota lowers global sales target
11:48am: Toyota notes that a slowing U.S. economy and rising material costs have forced it to shrink its worldwide sales forecast for 2009. more
Lehman to lay off 1,500
Aug 28: The troubled investment banks plans to shed up to 6% of its workforce amid a slumping stock price, concerns about its future. more
Dell's earnings slip despite rising sales
Aug 28: PC maker says quarterly profit fell as sales rise 11%. more
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World's 25 biggest companies
World's 25 biggest companiesOnce again, Wal-Mart grabs the No. 1 spot on Fortune's Global 500 list. See which other companies are the largest on the planet. more
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