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Toyota projects first operating loss since 1941 - AP - Toyota Motor Corp. slashed its earnings forecast Monday, projecting that it would report its first annual operating loss for the fiscal year through March -- its first such loss since it began reporting results in 1941.

AIG sells Hartford Steam Boiler for $742 million - AP - American International Group Inc. said Monday that it will sell its Hartford Steam Boiler unit to German reinsurer Munich Re for $742 million.

Walgreen 1Q profit falls 10 percent on store costs - AP -Drugstore operator Walgreen Co. says its profit fell 10 percent in the fiscal first quarter because of costs to open more than 200 new stores.

Wall Street points to moderately higher open - AP - Wall Street began a holiday-shortened week on a cautious note Monday, with stock futures pointing moderately higher as investors searched for any signs of good news.

China cuts interest rates in new growth effort - AP - China cut interest rates Monday for the fifth time in four months in a new effort to revive economic growth amid government anxiety about spreading job losses and worker protests.

Oil rises slightly on US auto bailout, rate cut - AP - Oil prices rose slightly Monday as investors looked for signs that U.S. interest rate cuts and a government bailout of two key automakers could help cushion what may be the worst recession in decades.

Japan exports plunge record amount on weak demand - AP - Japanese exports plunged a record 26.7 percent in November, the Ministry of Finance said Monday, highlighting the drop in global consumer demand for automobiles, electronics parts and other Japanese products.

Last holiday shopping weekend keeps retailers edgy - AP - The deals were there and, by most accounts, so were the shoppers. But at the close of the final holiday shopping weekend, consumers confessed they were still nervous about buying.

Where'd the bailout money go? Shhhh, it's a secret - AP - It's something any bank would demand to know before handing out a loan: Where's the money going? But after receiving billions in aid from U.S. taxpayers, the nation's largest banks say they can't track exactly how they're spending the money or they simply refuse to discuss it.

 
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