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General Dynamics shares fall after downgrade
NEW YORK (AP) -- A deteriorating business jet market combined with rising doubts about the size of the Pentagon's budget led an analyst Friday to downgrade military contractor General Dynamics Corp.'s shares to "Neutral" from "Buy."
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Shares of nitrogen maker Terra Industries tumble
NEW YORK (AP) -- Shares of Terra Industries Inc., which makes nitrogen for fertilizer and for industrial uses, tumbled Friday after an analyst downgraded its shares on concerns that a recent drop in prices for urea, a nitrogen-containing substance, could last into next year.
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CF Industries Holdings shares tumbling
NEW YORK (AP) -- Shares of CF Industries Holdings Inc., which makes nitrogen and phosphate fertilizers, plummeted Friday after an analyst downgraded its shares on concerns that a recent drop in prices for urea, a nitrogen-containing substance, could last into next year.
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First Marblehead shares continue to slide
BOSTON (AP) -- Shares of First Marblehead Corp. continued to slide Friday as an analyst removed his "Sell" rating on the stock, but said the student-loan services provider faces a tough economic environment in which to restructure its flagging business and conserve cash.
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Brown suggests no US-style bailout for UK banks
LONDON (AP) -- British Prime Minister Gordon Brown suggested Friday that his county would not offer its banks a U.S.-style bailout.
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Apple makes iTunes more accessible for the blind
WATERTOWN, Mass. (AP) -- Most teens listen to their music on digital players, but Cory Cadlik, who is blind, had to ask for help when he wanted to buy songs for his iPod from the online music store iTunes.
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Tightening of credit strikes nerve among consumers
When Deb Freitag applied for a credit card so she could replace her roof, her leaky refrigerator and her old dishwasher, she was offered a $1,000 line of credit, not the $5,000 she needed.
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Mutual funds in defensive areas fare better in 3Q
NEW YORK (AP) -- Mutual funds focusing on defensive stocks -- health care and consumer staples -- were among the few winning categories of funds during the third quarter as more turbulence swept across Wall Street and left investors with shrinking portfolios.
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