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News.Enttwist.com:FRANKFURT (AFP) - German carmaker DaimlerChrysler wants to sell property on the Potsdamer Platz in central Berlin worth around 1.5 billion euros (2.1 billion dollars), a report said Tuesday.
DaimlerChrysler has hired US investment bank Merrill Lynch to search for a buyer, the Financial Times Deutschland quoted industrial sources as saying.
A spokeswoman for the automaker however […]

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News.Enttwist.com:NEW YORK (Reuters) - Citigroup Inc (C.N), the largest U.S. bank by market value, said on Monday its quarterly earnings will drop 60 percent on $5.9 billion in losses and write-downs from subprime and leveraged loan woes, fixed income trading, as well as weakness in its consumer business.
The profit warning came on the same day […]

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News.Enttwist.com:NEW YORK (AFP) - Citigroup Inc., America’s largest banking group by market value, warned Monday that it foresees a sharp fall of around 60 percent in third quarter profit due in part to failed mortgage investments.
 
Citigroup said its quarterly net profit would be significantly lower than the same period a year earlier because of losses […]

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News.Enttwist.com:CHICAGO - Shares of drugstore chain Walgreen Co. tumbled Monday after the usually solid retailer’s fourth-quarter fell sharply short of expectations, causing its first earnings decrease in nearly a decade.
 
Shares sank more than 15 percent, on pace to be the largest single-day decrease in roughly 20 years, before recovering slightly.
Walgreen, one of the nation’s biggest […]

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News.Enttwist.com:SAN JOSE, Calif. - As rivals’ stock prices reach trading highs amid robust sales, Treo smart phone pioneer Palm Inc. is painting a disappointing quarterly outlook while urging investors to be patient as it strives to regain strong growth.
For now, however, investors do not appear enthused.
Shares of struggling Palm fell nearly 5 percent in after-hours […]

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