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Business NY Times

Bank of China I.P.O. Raises $9.7 Billion
Investors were undeterred by a mountain of bad loans and corruption in China's financial system, analysts said.

Gilded Paychecks | Ties That Bind: With Links to Board, Chief Saw His Pay Soar
The Home Depot board has awarded its chief executive $245 million in his five years with the company.

Regulators Denounce Fannie Mae
The report from a 27-month investigation details the manipulation of earnings and the creation of an "unethical and arrogant culture" at the top.

ABC Rejects Dual Anchors in 2nd Shuffle
Charles Gibson will replace Elizabeth Vargas less than six months after she and Bob Woodruff became co-anchors.

Philadelphia Investors Buy Two Newspapers
The $562 million sale of the Inquirer and Daily News ends a chapter of uncertainty and turmoil at the papers.

The Plane That Won't Die
The C-17 Globemaster III cargo jet, a $200 million flying giant, is at the center of a war involving the White House, the Pentagon, Boeing and lobbyists.

Fed Chief Swears Off Improvising
Ben S. Bernanke publicly admitted to a "lapse of judgment" in earlier telling a television reporter that investors had "misunderstood" him.

Lay's Second Trial Ends; Verdict Now Up to Judge
Kenneth L. Lay faces four charges of fraud and lying to banks, which will be decided by Judge Simeon T. Lake III and announced after the jury rules in the Enron trial.


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