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Toll Brothers loss smaller than expected

NEW YORK (Reuters) - Toll Brothers Inc on Thursday reported a smaller-than-expected quarterly loss, sending the largest US home builder's shares up more than 5 percent.

Coca-Cola says COO Kent to become CEO

NEW YORK (Reuters) - Coca-Cola Co said on Thursday Chief Operating Officer Muhtar Kent will succeed Neville Isdell as chief executive of the world's largest soft drink company on July 1, 2008.

NY mortgage lender Delta Financial to file bankruptcy

NEW YORK (Reuters) - Delta Financial Corp , a Long Island-based mortgage lender, said on Thursday it plans to file soon for bankruptcy protection, after losses mounted and an agreement to obtain new financing fell apart.

Mixed sales cloud outlook for holidays

NEW YORK (Reuters) - Some retailers reported stronger-than-expected November sales on Thursday, helped by a post-Thanksgiving rush and holiday discounts, but notable misses by others and a shift in the retail calendar left an unclear picture of the strength of the key holiday season.

Ford recalls 1.2 million trucks for engine flaw

DETROIT (Reuters) - Ford Motor Co. said on Thursday it had recalled about 1.2 million vans, sport utility vehicles and heavy-duty pickup trucks because of a flaw in an engine sensor that could cause sudden stalling.

Motorola does not rule out break-up of company

NEW YORK (Reuters) - Motorola Inc Chief Financial Officer Tom Meredith did not rule out a break-up of the company as he affirmed the phone maker's earnings guidance for the fourth quarter on Thursday.

Housing-related stocks lead market higher

NEW YORK (Reuters) - Stocks gained on Thursday as banks, builders and mortgage-related shares rose before a White House announcement about a plan to slow the wave of home foreclosures that has rattled investors.

Billionaire Lewis raises stake in Bear Stearns

NEW YORK (Reuters) - Joseph Lewis, a billionaire who snapped up a big 7 percent stake in hard-hit investment bank Bear Stearns Cos three months ago, has boosted his investment to 8.01 percent, according to a regulatory filing on Friday.

Clients grumble on seeing hedge fund AQR's losses

BOSTON (Reuters) - Hedge fund firm AQR Capital Management suffered more losses recently, prompting some investors to consider leaving one of the world's biggest quantitative funds.

UAL to give shareholders $250 million special payout

NEW YORK (Reuters) - UAL Corp will give shareholders a special payout of $2.15 per share, totaling about $250 million, United Airlines' parent said on Friday, marking a rare move by an airline to reward investors.