Industries

American Shoppers Emerging With Best Buy's Sales Signaling Retail Revival Companies from Saks Inc. to Best Buy Co. are growing more confident that the recent revival of consumer spending is more than just a blip.

Consumer Spending in U.S. Rises Fifth Straight Month as Recovery Quickens Consumer spending in the U.S. rose in February for a fifth consecutive month, a rebound that will require gains in employment to be sustained.

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Oil Futures Rise as Dollar Drops on Greek Aid, Signs U.S. Economy Growing Crude oil rose the most in more than five weeks as the dollar fell on European Union plans to help Greece and on signals that economic growth will accelerate.

Oil's `Dual Personality' Prompts OPEC, IEF to Prevent Large Price Swings Oil producers and consumers, trying to avoid a repeat of the $115-a-barrel price swing in 2008, will seek a “broad agreement” on improving market transparency and curbing volatility, according to the International Energy Forum.

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UBS Said to Generate $2.3 Billion of Fixed-Income Revenue in Rebuilt Unit UBS AG generated about $2.3 billion of revenue at its fixed-income division in the first quarter as Switzerland’s biggest bank rebuilt the unit following record losses, people with knowledge of the situation said.

Citigroup Stake Totaling 7.7 Billion Shares Will Be Sold by U.S. This Year The U.S. Treasury Department plans to sell the government’s 27 percent stake in Citigroup Inc. this year in what could become the biggest profit for the bank bailout program.

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New Medicare Chief May Re-Ignite Overhaul Debate in Confirmation Hearings Donald M. Berwick, a Harvard University scholar and long-time critic of U.S. health care, will be thrust into the political fight over the overhaul law as President Barack Obama’s choice to run Medicare and Medicaid.

Swine Flu Hospitalizations Rise in State of Georgia, U.S. Officials Report Swine flu hospitalizations unexpectedly rose in Georgia to the highest since October, showing the virus still poses a risk in the U.S., health officials said.

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AIG Increases Concentration of Storm Risk With Sale of Life Insurer Units American International Group Inc., the insurer that stayed profitable through the Sept. 11 attacks and Hurricane Katrina, may be more exposed to disasters after divesting life insurance units to repay its government bailout.

AIG Completes $500 Million Sale of PineBridge Unit to Li's Pacific Century American International Group Inc. completed the $500 million sale of its PineBridge Investments fund manager to Pacific Century Group after almost three months of delays.

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U.K. Mortgage Approvals Unexpectedly Dropped to Nine-Month Low in February U.K. mortgage approvals unexpectedly fell to a nine-month low in February, adding to signs that credit constraints are impeding the housing market’s recovery.

China's CBRC Tells Banks to Tighten Real-Estate Loans to Deter Speculators China’s banking regulator ordered lenders to take more care when making real-estate loans, widening efforts to prevent property speculators from causing asset bubbles and bad debt.

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Sony Sells Stake in HBO Latin America to Time Warner for $217 Million Sony Corp.’s U.S. television and film production unit sold a stake in HBO Latin America to a Time Warner Inc. affiliate for $217 million, as it focuses on operations where Sony has a majority ownership.

Robert Moffat, Former IBM Executive, Pleads Guilty in Galleon Group Case Robert Moffat, a former senior vice president at International Business Machines Corp., admitted he leaked inside information to Danielle Chiesi, a consultant for New Castle Funds LLC.

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Ford Sells Volvo to Geely for $1.8 Billion in Biggest Chinese Auto Deal Ford Motor Co. agreed to sell Volvo Cars to Zhejiang Geely Holding Co. for $1.8 billion in the biggest overseas acquisition by a Chinese automaker, capping sales talks that began more than 18 months ago.

United Airlines Reports `Real Signs of Recovery' in 2010 on Pacific Routes UAL Corp.’s United Airlines said it’s seeing a rebound in bookings for flights across the Pacific, the carrier’s largest region by passenger traffic outside the U.S.

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