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Coventry Health to Buy First Health
Publish Date : 10/17/2004 11:38:00 AM   Source : Business News Onlypunjab.com
Coventry Health Care Inc. on Thursday said it agreed to buy rival health plan First Health Group Corp. for about $1.8 billion in stock and cash as it looks to expand its geographic reach and keep pace with rivals.

GM Europe to Cut 12,000 Jobs by 2006
Publish Date : 10/17/2004 11:27:00 AM   Source : Business News Onlypunjab.com
Blaming high labor costs and weak demand for cars, General Motors Europe said Thursday it plans to shed 12,000 jobs — almost 20 percent of its work force — in order to halt chronic losses. Some workers responded with impromptu walkouts.

Citigroup, Bank of America Post Profits
Publish Date : 10/17/2004 11:23:00 AM   Source : Business News Onlypunjab.com
Citigroup Inc. and Bank of America Corp. on Thursday posted double-digit gains in third-quarter profit, driven by gains in consumer lending and fees.

New York AG to Sue Insurance Broker
Publish Date : 10/17/2004 11:22:00 AM   Source : Business News Onlypunjab.com
New York Attorney General Eliot Spitzer on Thursday sued insurance broker Marsh & McLennan Cos., charging they engaged in market manipulation.

Vote Near on Market Crackdown
Publish Date : 10/17/2004 11:21:00 AM   Source : Business News Onlypunjab.com
The U.S. Securities and Exchange Commission will vote soon on new governance and disclosure rules for the groups that oversee America's stock markets, SEC Chairman William Donaldson said on Thursday.

SEC Has Started Informal Probe
Publish Date : 10/17/2004 11:19:00 AM   Source : Business News Onlypunjab.com
SunTrust Banks Inc. on Thursday said U.S. securities regulators have started an informal inquiry into its decision to restate financial results for the first half of this year.

Retail Sales Up; Industrial Production Lags
Publish Date : 10/17/2004 10:56:00 AM   Source : Business News Onlypunjab.com
Shoppers rediscovered their urge to splurge in September, catapulting retail sales up by the largest percentage gain in six months. Industrial activity was restrained, meanwhile, partly because of hurricanes.

Oil, China Push U.S. Trade Gap Near Record
Publish Date : 10/17/2004 10:54:00 AM   Source : Business News Onlypunjab.com
The U.S. trade deficit widened in August to its second-highest level on record, fueled by the highest oil import prices in 23 years and record imports from China, the U.S. government said on Thursday.

NYMEX Crude Ends at $54.70 on Distillates
Publish Date : 10/17/2004 10:53:00 AM   Source : Business News Onlypunjab.com
U.S. crude futures ended sharply higher on Thursday after a larger-than-expected drop in domestic distillate stocks ahead of the winter sparked a rally in heating oil.

The Honor Roll
Publish Date : 10/17/2004 10:44:00 AM   Source : Business News Onlypunjab.com
If you knew the market was headed up, picking the best funds to buy would be as simple as picking the riskiest ones--since funds buying high-risk growth stocks do the best during bull markets.

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