High court tosses Ford case and HMO suit in class action dispute
The Supreme Court retreated from a battleground over where class actions may be heard and separately intervened in a dispute between managed care firms and doctors. It also dismissed a case aimed at opening federal courts to more class actions, after Ford faced a rebate point program suit involving Citibank across several states.
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Businesses Trim Inventories as Recovery Signals Fade
The Commerce Department reports August stockpiles fell 0.1 percent, first decline since April, while sales rose 0.2 percent. Economists say lean inventories reflect uncertainty amid slow recovery and potential war with Iraq, with retailers driving the inventory pullback. The inventory to sales ratio dropped to a record low of 1.34 months.
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