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  • Stocks fall sharply, extending losses
    Stocks fall sharply, extending losses

    U.S. stocks tumbled in midday trading Wednesday as investor fears of a global economic slowdown intensified, setting the Dow Jones industrial average on course for its fourth consecutive loss.

  • Warner Bros. to cut costs by $200 million a year, shed employees
    Warner Bros. to cut costs by $200 million a year, shed employees

    Warner Bros.' film and television studio, which had an uncharacteristically poor summer at the box office, will cut its annual overheard by $200 million, Chief Executive Kevin Tsujihara said Wednesday at a Time Warner investors meeting in New York.

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