NEW YORK - Wall Street staged a big advance in the next to last session of 2008 Tuesday after Washington’s latest lifeline to the auto industry bolstered hopes that the government will do whatever is necessary to cut short the recession.


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LyondellBasell Industries AF SCA has told lenders it is considering filing for bankruptcy protection, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.


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Dell Inc’s president of global operations, Michael Cannon, and chief marketing officer, Mark Jarvis will leave their roles in moves expected to be announced soon, the Wall Street Journal said, citing people briefed on the matter.


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Dec 31 (Reuters) - The following were the top stories in The Wall Street Journal on Wednesday. Reuters has not verified these stories and does not vouch for their accuracy. * Cities that haven’t seen steep drops in housing prices, such as New York, may be in the worst shape because they have further to fall. * Chemical company LyondellBasell Industries AF SCA told lenders it is considering …


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Dec 31 (Reuters) - The following were the top stories in The Wall Street Journal on Wednesday. Reuters has not verified these stories and does not vouch for their accuracy.


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Lehman Brothers Holdings Inc’s emergency bankruptcy filing wiped out as much as $75 billion of potential value for creditors, The Wall Street Journal reported on Monday, citing an analysis by the bank’s restructuring advisers.


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(By Susanne Craig, Jeffrey McCracken, Aaron Lucchetti and Kate Kelly, Wall Street Journal) With his investment bank facing a near-certain failure, Lehman Brothers’ chief executive officer, Dick Fuld, placed yet another phone call to the man he thought could save him: Bank of America CEO Ken Lewis. Fuld was already effectively out of options by the afternoon of Sunday, Sept. 14. The U.S. …


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(By Susanne Craig, Jeffrey McCracken, Aaron Lucchetti and Kate Kelly, Wall Street Journal) With his investment bank facing a near-certain failure, Lehman Brothers’ chief executive officer, Dick Fuld, placed yet another phone call to the man he thought could save him: Bank of America CEO Ken Lewis. Fuld was already effectively out of options by the afternoon of Sunday, Sept. 14. The U.S. …


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Taiwan’s top financial regulator expects up to a dozen local banks to set up branches and offer banking services in the Chinese market next year, the Wall Street Journal reported on Tuesday.


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