Money and Financial Lifestyle

Retail gasoline prices rose again overnight and are now up nearly 40 percent from the start of the year, while the price for crude on Tuesday topped $60 a barrel for the first time since early November.

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Gasoline nears $2.25, crude briefly above $60 (AP)

Investors were hard-pressed Tuesday to find a reason to extend Wall Street’s two-month rally. Stocks mostly fell as investors shifted into defensive corners of the market, driving up shares of drugmakers like Pfizer Inc

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Investors hunt defensive stocks as rally stalls (AP)

Citigroup Inc said on Tuesday that the committee overseeing its use of $45 billion of taxpayer money had approved the use of nearly all of that sum to make loans.

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Citigroup: $45 billion TARP money goes toward loans (Reuters)

Stocks fell on Tuesday as investors took profits in the technology and banking sectors while a drop in U.S. exports in March and multiple stock offerings from various companies dampened enthusiasm.

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Wall Street slides on profit taking (Reuters)

General Motors Corp stock plunged more than 22 percent to a 76-year low on Tuesday, a day after GM’s top executives dumped their shares as the automaker heads toward a bankruptcy or a restructuring that would all but wipe out existing shareholders.

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GM shares fall to 76-year low after execs dump stock (Reuters)

Several large U.S. banks undertook big capital-raising efforts on Tuesday, hoping to satisfy regulators who want to see bigger cushions against a deep recession, or proof they have enough of a buffer already.

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BofA and other U.S. banks scramble for capital (Reuters)

PHILADELPHIA—-US Airways customers today have a new United Kingdom option with nonstop service to Birmingham from the airline’s international gateway at Philadelphia International Airport.

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US Airways Inaugurates Expanded Flying to the United Kingdom (Business Wire)

Improved credit markets have brought stabilization to the economy but it is still not clear when growth will resume, General Electric Co Chief Executive Jeff Immelt said on Tuesday.

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GE CEO says economy stabilized, growth a question (Reuters)

Shares of drugmaker Pfizer Inc. jumped nearly 7 percent Tuesday after an analyst issued a report citing benefits of its planned acquisition of rival Wyeth and stating that those were “not yet reflected in the stock.”

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Pfizer shares jump after analyst backs Wyeth deal (AP)

Just seconds before the worst U.S. air crash in more than seven years, the pilot exclaimed “Jesus Christ” and moments later his first officer screamed as Continental Connection Flight 3407 plunged to the ground.

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Pilots shared fear of icy weather in last moments (AP)