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NEW YORK (Reuters) - The Dow industrials closed above 11,000 for the first time in almost 19 months on Monday as expectations of solid first-quarter earnings spurred buying in financial, energy and industrial sectors.
CALGARY, Alberta (Reuters) - Chinese state-owned company Sinopec plans to buy ConocoPhillips' stake in the largest project in Canada's oil sands for $4.65 billion, the richest deal yet to expand China's interest in the huge unconventional resource.
WASHINGTON (Reuters) - The prominent economists who determine the dates when U.S. recessions begin and end have yet to agree on what seems to be a foregone conclusion on Wall Street: the recession is over.
DETROIT (Reuters) - General Motors Co expects to report "solid" operating results for the first quarter, which will show progress toward its goal of returning to profitability in 2010, Chief Executive Ed Whitacre said on Monday.
NEW YORK (Reuters) - Taking advantage of easy credit, highly rated U.S. companies are loading up on debt to expand and acquire rivals, sacrificing ratings in the process, Standard & Poor's said on Monday.
NEW YORK (Reuters) - Pimco will not be buying new Greek debt as it believes a euro zone rescue package fails to tackle the country's longer-term solvency challenges, the chief executive of the bond fund told Reuters.
BOSTON (Reuters) - Global hedge funds took in $16.6 billion in new money in February as pension funds and wealthy investors raced to capture a piece of the industry's recent strong returns, data released on Monday show.