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Business
AIG woes knock its market value below peers
NEW YORK, Sep. 11, 2008 — Fears that American International Group Inc's large mortgage exposure could trigger another round of losses has rankled investors so much that the insurer has lost its iron grip as the world's industry leader by market value.
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FedEx says EPS to top estimates
CHICAGO, Sep. 9, 2008 — Package delivery company FedEx Corp said on Tuesday that its fiscal first-quarter earnings will be better than originally forecast, as fuel prices continue to fall off their recent highs, sending its shares up five percent after the closing bell.
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GM, Ford shares jump on prospects of loans, oil
DETROIT, Sep. 11, 2008 — Shares of General Motors Corp and Ford Motor Co jumped on Thursday as oil prices dropped to near $100 per barrel and analysts bet a potential $25 billion in federal loans would help the struggling U.S. automakers survive a deep industry downturn.
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