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Reuters - Bankrupt holding company Washington Mutual Inc asked a federal court to compel the U.S. Federal Reserve, U.S. Treasury and more than a dozen others to turn over documents relating to its collapse in 2008.
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Reuters - General Electric Co expects to record flat profit across its big industrial units next year, as a sluggish global economy crimps sales for jet engines, electric turbines and other heavy equipment.
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Reuters - The U.S. government “quietly” agreed not to collect billions of dollars in potential taxes from Citigroup Inc as part of its deal to allow the bank to repay its taxpayer bailout, The Washington Post reported.
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Reuters - U.S. home buyers are less willing to buy foreclosed properties than they were six months ago, citing risks like hidden costs, but demand could grow because of the government’s expanded tax credit, a survey showed on Tuesday.
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Reuters - Stocks fell on Tuesday, with the Dow and S&P 500 moving off 14-month highs, as a climb in producer prices raised inflation concerns and economic bellwether General Electric issued a flat outlook for 2010.
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