business 2 day

• Wholesale Inventories Decline for a Fifth Month

  posted by By THE ASSOCIATED PRESS at NYT > Business - 50 seconds ago

  Wholesale inventories fell 0.7 percent in January, the longest stretch of declines since the last recession in 2001, the government reported.
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  United Technology Plans to Cut 11,600 Jobs

  posted by By REUTERS at NYT > Business - 1 hour ago

  The maker of elevators and air conditioners also cut its 2009 profit goal by about 13 percent as part of a $750 million restructuring.
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  Bernanke Says Financial Rules Need an Overhaul

  posted by By JACK HEALY at NYT > Business - 1 hour ago

  The Federal Reserve chairman said the financial system needed to be regulated “as a whole” and that stricter oversight of banks would not be enough.
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  Stocks Rise on Upbeat Memo From Citigroup

  posted by By THE ASSOCIATED PRESS at NYT > Business - 2 hours ago

  The Dow jumped after a leaked memo indicated that Citigroup enjoyed its best financial performance in over a year in the first two months of 2009.
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  China Reports Falling Prices

  posted by By KEITH BRADSHER at NYT > Business - 4 hours ago

  Consumer prices in China were 1.6 percent lower last month than a year earlier, the first decline since December, 2002.
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  Asian Stocks Gain but Recovery Seen as Fragile

  posted by By REUTERS at NYT > Business - 5 hours ago

  Asian shares outside Japan posted their best gains in a month on Tuesday while safe-haven flight to the dollar eased.