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11/04/2009 1:26 PM

Afternoon Business Brief

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The stock market is in rally mode, with investors sending the Dow up more than 100 points. Investors await release of the official statement from the Federal Reserve.
  • The nation's central bankers are expected to leave a key interest rate at a record low, hoping to give the
    economy additional traction. The Federal Reserve is wrapping up a two-day policy-setting session.
  • Under a new turnaround plan, Chrysler plans to revamp its struggling Dodge car brand. It also says the
    company's cash has grown by nearly $2 billion since exiting bankruptcy protection in June.
  • Microsoft says it is cutting 800 more jobs. That's in addition to the 5,000 layoffs the software giant
    announced in January.
  • New York's attorney general is hitting Intel with an antitrust lawsuit, claiming the company used "illegal
    threats and collusion" to dominate the market for computer microprocessors. An Intel spokesman denies the charges and says the company's sales practices were legitimate.





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