ROLLER-COASTER RIDE: The mortgage lender's stock has ranged between US$10.25 and US$45.26 in the past year but it said it has sufficient liquidity to meet its needs
Countrywide Financial Corp, the largest US mortgage lender, sought to reassure investors on Tuesday, declaring it has ample capital, access to cash and is well-positioned to benefit from the financial turmoil rocking the mortgage sector.

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Shares in carmarker Proton sank 11.7 percent yesterday as analysts warned its future remained cloudy after Malaysia ditched alliance talks with Germany's Volkswagen (VW).

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OUCH: The EMIEW 2 can lift its feet to step over wires and thresholds but an Internet traffic jam that stalled its commands sent the robot smashing into a desk
The new toddler-like robot from Hitachi rolled around and waved in a demonstration yesterday, only to crash into a desk -- highlighting the hurdles robots must overcome to become real-life partners.

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The Federal Reserve slashed its outlook for US economic growth next year on Tuesday and suggested that its members are unsure about future interest rate cuts in a report that left financial markets perplexed.

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US store shelves are still stacked with dangerous toys, a consumer group warned in a study published on Tuesday, despite a spate of recent scares that prompted mass recalls of items made in China.

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■ ECONOMY

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