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Yahoo! Finance: Top Stories 
Top Stories from Yahoo! Finance
  • Stocks Pare Losses After BofA Report (AP) Wall Street pared most of its losses Thursday as investors absorbed disappointing results from Bank of America Corp. that provided further evidence of how the credit crisis has hurt the economy.
  • Bank of America 3Q Profit Falls 32 Pct (AP) Bank of America Corp., the nation's second-largest bank, said Thursday its profit fell 32 percent in the third quarter as trading losses and write-downs on a wide variety of loans offset solid revenue growth in most businesses.
  • Pfizer 3Q Profit Falls on Exubera Charge (AP) Pfizer Inc., the world's largest pharmaceutical company, said Thursday its third-quarter profit plunged due to a $2.8 billion pretax charge to end investment in inhaled insulin drug Exubera, and lower sales of blockbuster cholesterol drug Lipitor.
  • Bush Veto of Child Health Bill Sustained (AP) House Democrats were unable Thursday to override President Bush's veto of their pre-election year effort to expand a popular government health insurance program to cover 10 million children.
  • FDA Weighs Safety of Cold Drugs for Kids (AP) Cold and cough medicines given to infants and toddlers work no better than dummy pills and can be dangerous, pediatricians seeking to curb their use told government health advisers Thursday.
  • Sector Snap: Semiconductors (AP) Earnings results pulled chip stocks in opposite directions Thursday, with Cavium Networks Inc. down nearly 9 percent even after posting slightly better-than-expected earnings and sales.
  • Baxter 3Q Profit Up, Boosts Year Outlook (AP) Baxter International Inc. said third-quarter profits rose 6 percent on strong sales of its hemophilia therapy, beating Wall Street forecasts and prompting the drug maker Thursday to boost full-year financial targets.
  • Nektar Down As Pfizer Quits Exubera Deal (AP) Nektar Therapeutics shares fell to a four-year low Thursday after Pfizer Inc. said it quit a partnership with the drug developer on the inhalable insulin Exubera.
  • Continental 3Q Profit Up 2 Percent (AP) Continental Airlines Inc. said Thursday its profits rose 1.7 percent in the third quarter as it recorded a double-digit increase in revenue from international travel.
  • Hershey 3Q Profit Tumbles (AP) The Hershey Co., the nation's largest candymaker, said Thursday its third-quarter profit tumbled 66 percent as it spent heavily to streamline its operations and struggled with aggressive competition and slackening sales.
  
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