TOKYO - Asian stocks edged up on Wednesday after upbeat U.S. economic growth data calmed investor anxiety over a deteriorating global outlook, while the Australian dollar languished near four-year lows against the dollar.
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WASHINGTON - The U.S. Federal Reserve on Tuesday proposed to impose tougher capital standards on General Electric's finance unit, one of a handful of non-bank firms deemed critically important to the health of the financial system.
- A group of Delta Air Lines pilots seeking to replace the current pilots' union at the U.S. carrier are struggling to win enough support.
- Wal-Mart Stores Inc said its U.S. chief merchandising officer was leaving the company in a management shuffle just as the crucial holiday shopping season kicks into gear.
NEW YORK - A divided federal appeals court said Chesapeake Energy Corp had no right to redeem $1.3 billion of notes early at a favorable price, saying the second-largest U.S. natural gas company waited too long to tell investors of its plans.
BOSTON - Philip Falcone, once one of the world's most closely watched investors, is stepping down as chairman and chief executive of Harbinger Group Inc. next month to focus on his hedge fund and another publicly traded company.
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