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NEW YORK - Buyout firm Cerberus Capital Management has said on Wednesday it was taking legal action to ensure United Rentals Inc honors the terms of a deal the pair struck in July, which Cerberus says caps its liability at $100 million.

NEW YORK - Finance company GMAC has said on Wednesday it is exploring the sale of parts of its troubled mortgage-lending arm, Residential Capital LLC, and the purchase of a non-United States mortgage lender, which sources has said was the UK’s Northern Rock Plc .

NEW YORK - Bear Stearns Cos on Wednesday disclosed that former co-President Warren Spector, who resigned under pressure in August, will walk away with more than $23 million in capital accumulation plan awards but will not receive a severance package.

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NEW YORK - United States stocks fell on Wednesday on signs that trouble in the housing market could worsen and further harm the economy, unnerving investors as they headed into the Thanksgiving holiday.

NEW YORK - Wall Street bonuses, on average, will be little changed this year, but not since 1998 will the gap between the haves and have-lots be so great.

NEW YORK - A law firm has said it had filed a suit against Freddie Mac on Wednesday alleging the No. 2 home funding company did not take adequate steps to protect itself from problems in the mortgage industry.

NEW YORK - Oil fell on Wednesday after hitting an all-time high above $99 a barrel as a stockpiles rose at a key United States storage hub and concerns mounted over the health of the world’s top economy.