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    Wall Street investment banks have never before faced a serious foreign challenge in their own backyard. But as tectonic shifts reverberate, their overseas rivals are edging into the most lucrative corners of U.S. financ read more »
    Sweden's Koenigsegg, a niche manufacturer of some of expensive sports cars, has struck a deal to buy money losing Saab from GM, the companies said on Tuesday. read more »
    Bank of America, the largest bank in the U.S., said its default rate, soared to 12.5 percent in May from 10.5 percent in April. Meanwhile, American Express said its default rate rose to 10.4 percent from 9.9. read more »
    Amazon has been hyped as the future of book business for a long time. But now, it's really happening. The Kindle is changing the way books are published, sold and read. Will there be room for anyone else? read more »
    For three decades, Bahrain has been the banking capital of the Middle East. It used to be home to 150 banks. Now, it is a brewing mess of unemployment and protests. read more »
    Apple has been frustrated with AT&T's unreliable network and its slowness to support new iPhone features for a long time. Eventually, those frustrations boiled over at the recent developers conference. read more »
    At the end of the 81-year partnership, the Isaksons said goodbye by turning off the lights. The partnership was over. The Chrysler sign went dark. read more »
    A short and insightful blog post by Seth, based on a pretty interesting observation of how trends and movements get started. read more »
    CEO Dan Vasella's growth mantra for Novartis is to follow the science, not the financials. read more »
    The deal creates a new, leaner company, which is not in bankruptcy and is free of billions in debt, 789 underperforming dealerships and burdensome labor costs. Fiat CEO Sergio Marchionne immediately was named CEO. read more »
    The market is Darwinian: only the fittest survive. So is there anything that companies can do to survive? read more »
    Although the Treasury did not identify the banks, they most likely include American Express, Bank of New York Mellon, BB&T, Capital One, Goldman Sachs, JPMorgan Chase, State Street Corporation and US Bancorp. read more »
    After a legendary nine-year run, one of the most celebrated CEOs in the world, A.G. Lafley, is expected to announce that he is stepping aside. Internationally seasoned COO Robert McDonald is expected to succeed him. read more »
    If you have any doubt the rivalry between PepsiCo and Coca-Cola is real, head down to New York District Court. The beverage behemoths faced off, and it was far from the civilized spat one might expect from Fortune 100 c read more »



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