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Fed Raises Key Rate to Highest Level in 5 Years
The Federal Reserve said today that it may need to raise borrowing costs further in the coming months to contain inflation.

Executives Take Company Planes as if Their Own
On top of sharply rising executive salaries, shareholders are paying more for executives' personal travel on jets.

Microsoft and Google Grapple for Supremacy
The Microsoft-Google rivalry is shaping up as a titanic corporate clash for the ages.

Bush Aides Struggling With Yuan
After three fruitless years of pushing China to float its currency, the U.S. still appears reluctant to accuse China of manipulating its exchange rate.

David Leonhardt: The High Costs of Cheap Gas and Vice Versa
Cheap gas means more gas use, and as we use more oil, we make our planet warmer and some of the world's worst governments richer. Are high gas prices a better deal?

Northrop Makes Pitch for Storm Aid
Northrop Grumman Corporation is lobbying Congress for $200 million to cover losses caused by Hurricane Katrina.

Advertising: Whole Foods Talks Dollars and Cents
Whole Foods, all but synonymous with gastronomic indulgence, now wants to be known for something else: low prices.

Market Place: After Doing Its Homework, a College Puts Its Money Into Hedge Funds
Nearly 80 percent of the College of Wooster's endowment is in hedge funds, and it has grown from $89 million in 1990 to $250 million today.


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