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AP Top Business News At 9 a.m.

Falling gas prices help push CPI down
WASHINGTON (AP) -- Consumer prices, helped by another huge decline in gasoline pump prices, fell for a second straight month in October, providing more relief to Americans battered earlier in the year by soaring energy costs....

Clear Channel agrees to $18.7B buyout
SAN ANTONIO (AP) -- Clear Channel Communications Inc., the nation's biggest radio station owner, said Thursday it has agreed to be taken private for about $18.7 billion by a investment group....

Reader's Digest to be sold for $1.61B
NEW YORK (AP) -- Magazine publisher Reader's Digest Association Inc. said Thursday it has agreed to be bought for about $1.61 billion in cash by an investment group led by private equity firm Ripplewood Holdings LLC....

Wal-Mart adds 17 more $4 generic drugs
BENTONVILLE, Ark. (AP) -- Wal-Mart Stores Inc. said Thursday it is expanding its $4 generic prescription program to 11 additional states and adding 17 more prescriptions to the program....

Taco Bell to stem use of trans fats
LOUISVILLE, Ky. (AP) -- Taco Bell will be the latest fast-food chain to cut artery-clogging trans fats from cooking oils in its U.S. restaurants, the company announced Thursday....

Sears triples 3Q profit on investments
CHICAGO (AP) -- Sears Holdings Corp., the nation's third-largest retailer, said Thursday its third-quarter profits more than tripled, boosted by $101 million in investment income and cost-cutting that more than offset a continuing sales slide....

Mergers could follow Delta-US Airways
MINNEAPOLIS (AP) -- Whether or not US Airways manages to buy Delta Air Lines, more airline mergers could be on the way, analysts said....

Dell shares fall on postponed 3Q results
DALLAS (AP) -- Shares of Dell Inc. fell Thursday after the company delayed its third-quarter earnings report and said federal regulators had begun a formal investigation into the computer company...

Citigroup-led group wins China bank bid
BEIJING (AP) -- An investment group led by Citigroup Inc., the biggest U.S. financial institution, has won a yearlong bidding war by overseas suitors with a $3.1 billion offer for a stake in China's Guangdong Development Bank, a Citigroup official said Thursday....

Oil prices rise on OPEC leader's warning
VIENNA, Austria (AP) -- Oil prices rose Thursday after the U.S. government reported that gasoline inventories had fallen for the fifth straight week and OPEC's president warned that the group may decide to further reduce output....

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Columns/Features
All Business
ALL BUSINESS: Stingy is good

Wall & Main Street
Stocks might get December correction

Watercooler
Column: Holiday shopping, car financing

Of Mutual Interest
Research before investing in Asia funds

Small Talk
Column: Office parties can have pitfalls

Good Question!
Column: How are loan rates determined?

Business of Life
Up to the Minute
Reader's Digest to be sold for $1.61B

Clear Channel agrees to $18.7B buyout

Sears triples 3Q profit on investments

Falco named chairman, CEO of AOL unit

Citigroup-led group wins China bank bid

Dell shares fall on postponed 3Q results

Wal-Mart adds 17 more $4 generic drugs

Oil prices rise on OPEC leader's warning

Bank of Japan leave rates unchanged

Cisco OK's $7 billion share buyback



 

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