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Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
Mar 02, 2005
Page
16
Newark analysts say most Toys R Us toy stores will be kept in a deal that may split Babies R Us from the toy segment. A full liquidation is unlikely as price cuts by Wal-Mart and others hit demand.
GM and Ford posted February sales declines amid high fuel prices while Chrysler Group rose 7.5 percent. Toyota sales rose 11 percent and Nissan up 10 percent, reflecting a shift to fuel efficient vehicles as buyers seek efficiency and cost savings.
Qwest Communications executives urged MCI investors to drop its Verizon deal and reconsider Qwest's $8 billion bid. They claim cost savings exceed $10 billion with up to 15,000 jobs cut, while MCI declined further comment after Tuesday's presentation. Shares rose 15 cents to $4.05.
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