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NEW YORK - XM Satellite Radio Holdings Inc expects car radio sales to remain solid even if the most dire projections of slowing United States auto sales come true, Chairman Gary Parsons has said on Monday.

ATLANTA - The office retailing sector received another blow on Monday when supplier Newell Rubbermaid Inc warned that the remainder of this year would be weaker than expected, sending its stocks lower.

ATLANTA - The office retailing sector received another blow on Monday when supplier Newell Rubbermaid Inc warned that the remainder of this year would be weaker than expected, sending its stocks lower.

NEW YORK - Retail stocks such as Macy’s Inc , Guess Inc and Urban Outfitters Inc fell on Monday as investors digested conflicting, but largely bearish, reports about this year’s holiday shopping kick-off.

ATLANTA - Sears Holdings Corp has proposed purchasing furnishings retailer Restoration Hardware Inc for $6.75 per share, according to a regulatory filing on Monday.

NEW YORK - Stocks tumbled on Monday as investors concerned rising mortgage defaults and credit market losses will drag on the economy, fueling fears that consumers will slash spending during the vital holiday season.

Senator Chuck Schumer (D-NY) sent a letter on Monday
to Ronald A Rosenfeld, Chairman of the Federal Housing Finance Board,
expressing his “serious concern over the lending practices of the Federal
Home Loan Bank of Atlanta, specifically in regard to the significant
volume of advances made to Countrywide Bank.”

Schumer stated that Countrywide was reported to hold $27
billion of “pay option ARMs” as of the end of September, over
one-third of all of the loans held for investment by the bank. The
Senator quoted a Wall Street Journal report that 91 percent of
Countrywide’s option ARMS issued last year were…

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Late Monday morning one of Citigroup’s analysts, Stephen Kim,
downgraded the entire homeconstructing sector because he
could not find anything to suggest that the residential housing market
would improve until the second quarter of 2008.

Kim downgraded stocks of seven of the largegest
homeconstructers from a…

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