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Yahoo! News   Wed, Feb 02, 2005
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The U.S. Federal Reserve on February 2, 2005 raised interest rates for a sixth straight time, ...
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Business
Photo Fed Reserve Raises Rates for Sixth Time
Reuters - Wed Feb 2, 6:28 PM ET
The U.S. Federal Reserve on Wednesday raised interest rates for a sixth straight time, extending a policy of gradually lifting borrowing costs to levels high enough to ward off inflation pressures. Full Coverage

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Boeing Profit Falls, But Blue Skies Ahead (Reuters)
Witness Testifies WorldCom Faked Numbers (Reuters)
News Corp Profit Up 80 Pct on DVD Sales (Reuters)
Stocks Rise After Boeing Earnings, Fed (Reuters)


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Economy
Photo Fed Raises Interest Rates by Quarter-Point
AP - 44 minutes ago
The Federal Reserve pushed short-term interest rates higher Wednesday, part of a campaign begun last June and expected to continue well into this year to keep inflation and the economy on an even keel. Full Coverage
Economy Section
Stock Markets
Stock markets close higher as US Federal Reserve raises rates ¼ point
Canadian Press - Wed Feb 2, 5:17 PM ET
TORONTO (CP) - Stock markets finished higher Wednesday as the U.S. Federal Reserve raised interest rates a quarter point in a widely expected move.
Stock Markets Section
Company Earnings
ACE Ltd 4Q Earnings Falls on Large Charge
AP - 19 minutes ago
ACE Ltd. reported lower fourth-quarter earnings as the insurance holding company booked a charge of $302 million, or $1.06 a share, to strengthen its asbestos, environmental and other reserves.
Earnings Section
Personal Finance
House Subcommittee to Hold Fannie Hearing
Reuters - Wed Feb 2, 6:21 PM ET
A U.S. House Financial Services subcommittee will hold a hearing on accounting problems at mortgage funder Fannie Mae next week, the committee said on Wednesday.
Personal Finance Section
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Industries
Amazon Profit Misses Forecast, Shares Dip
Reuters - 1 hour, 37 minutes ago
Amazon.com Inc. on Wednesday posted a quarterly profit that missed Wall Street estimates and it unveiled a costly new shipping program that heightened concern about falling margins, sending its shares tumbling 14 percent.
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Commentary
The London Exchange's Last Days?
BusinessWeek Online - Wed Feb 2, 8:30 AM ET
The 204-year-old London Stock Exchange is a British institution, but it may not stay one. Both the Frankfurt-based Deutsche Borse and Euronext, which runs exchanges in Paris, Amsterdam, and Brussels, are looking to take over the LSE.
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