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Branson says Virgin will not fall

CHICAGO (Reuters) - Some U.S. airlines are in danger of going bankrupt amid painfully high oil prices and a looming economic recession, but low-cost, high-service start-up Virgin America will survive, Richard Branson, head of Virgin Group , said on Thursday.

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Branson says Virgin will not fall

Banks urged to boost capital amid credit crisis

NEW YORK/WASHINGTON (Reuters) - Banks are facing calls to boost their capital levels, but doing so will be painful, and some wonder if capital adequacy is even the biggest problem to resolve in the banking system now.

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Banks urged to boost capital amid credit crisis

Oil falls and U.S. stocks rally led by tech

NEW YORK (Reuters) - Oil prices fell from record highs and Wall Street stocks rose on Thursday in a tech-led rally prompted by a profit forecast at bellwether Apple as investors bet on an improving U.S. economy by year’s end.

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Oil falls and U.S. stocks rally led by tech

Fed chief says U.S. financial model can be fixed

RICHMOND, Virginia (Reuters) - U.S. and international financial system overseers need to put in place soon reforms to restore confidence in markets disrupted by a credit crisis, Federal Reserve Chairman Ben Bernanke said on Thursday.

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Fed chief says U.S. financial model can be fixed

U.S. probes Roche, Novartis drugs on rare disorder

WASHINGTON (Reuters) - U.S. health regulators are investigating whether two transplant drugs made by Switzerland’s Roche Holding AG and Novartis …

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U.S. probes Roche, Novartis drugs on rare disorder

Microsoft seen as winner for Yahoo

NEW YORK (Reuters) - Yahoo Inc may have played its top two cards by pulling out possible deals with AOL and Google, but it does not seem to …

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Microsoft seen as winner for Yahoo

Microsoft seen as winner as big media circles Yahoo

NEW YORK (Reuters) - Yahoo Inc may have played its top two cards by pulling out possible deals with AOL and Google, but it does not seem to have changed Wall Street’s view that Microsoft will eventually win the takeover battle.

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Microsoft seen as winner as big media circles Yahoo

Aer Lingus aircraft buy approved

DUBLIN (Reuters) - Aer Lingus shareholders on Thursday approved the purchase of 12 Airbus aircraft ordered last June, although Ryanair, which has a 29 percent stake in its fellow Irish carrier, voted against.

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Aer Lingus aircraft buy approved

U.S. Fed chief says economic woes nothing like Depression

RICHMOND, Virginia (Reuters) - The current U.S. economic slowdown is nothing like the Great Depression of the 1930s, in part because the U.S. Federal Reserve is far more proactive, Chairman Ben Bernanke said on Thursday.

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U.S. Fed chief says economic woes nothing like Depression

Bank cuts rates to 5 percent

LONDON (Reuters) - The Bank of England cut interest rates for the third time in five months on Thursday to cushion the economy from the global credit squeeze, despite persistent worries about rising inflation.

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Bank cuts rates to 5 percent