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FDA seeks more information from Merck for cholesterol drug 28 Apr 08, 20:05 ET AP - A Merck & Co. experimental drug has been rejected by the U.S. Food and Drug Administration for the second time in four days. more GM to cut 1 shift each at 4 pickup truck, SUV factories 28 Apr 08, 17:14 ET AP - General Motors Corp. said Monday it plans to cut one shift at four North American factories that make pickup trucks and big sport utility vehicles, laying off about 3,500 workers. more Blackberry Faces a Strong Challenge from the iPhone 28 Apr 08, 16:42 ET NewsFactor - Apple's iPhone has dramatically shaken up the smartphone market -- especially the leader, Research in Motion. In just the last three months of 2007, smartphone shipments shot up 60 percent from a year ago, according to industry research firm IDC. And RIM doubled sales of the Blackberry, adding 6.5 million subscribers in its last fiscal year, double the previous year. more Coal price hikes boost electric rates, more increases coming 28 Apr 08, 15:39 ET AP - Consumers struggling with high gas prices, rising food costs and falling home values have something new to worry about: Sharply rising electricity rates due to a surge in coal prices over the past year. more Mars, Buffett buying Wrigley for $23 billion 28 Apr 08, 14:09 ET Reuters - M 's candy maker Mars Inc has teamed up with billionaire Warren Buffett to buy No. 1 chewing gum manufacturer Wm Wrigley Jr Co for $23 billion, creating the world's largest confectionery company. more Buffett says recession may be worse than feared 28 Apr 08, 11:09 ET Reuters - Warren Buffett, the world's richest person, said on Monday the U.S. economy is in a recession that will be more severe than most people expect. more U.S. slims down after bloated credit: Pimco 28 Apr 08, 09:59 ET Reuters - Consumers, banks and financial companies are "slimming down" after a bloated era of easy credit, but face an extended period of fixing their finances, Pacific Investment Management Co said in a new report. more OPEC president sees $200 oil possible: report 28 Apr 08, 05:59 ET Reuters - OPEC President Chakib Khelil does not rule out oil prices reaching $200 a barrel, even though supply is adequate, because the market is driven by the dollar's slide, Algerian government newspaper El Moudjahid reported on Monday. more

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