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Japan's Mitsubishi UFJ Financial Group says it is investing $9 billion in Morgan Stanley for a 21 percent stake in the U.S. investment bank.

Nationwide home prices in July fell a record 5.3 percent compared with a year ago, a government agency said Tuesday, and have now receded to October 2005 levels.

Nationwide home prices in July fell a record 5.3 percent compared with a year ago, a government agency said Tuesday, and have now receded to October 2005 levels.

Morgan Stanley says it signed a letter of intent to sell up to 20 percent of its company to Japan's largest bank, Mitsubishi UFJ Financial Group.

The McClatchy Co. is trimming its payroll by about 1,150 more employees nationwide, or about 10 percent of its work force.

Kroger Co., the nation's largest traditional grocery chain, said Tuesday its second-quarter profit rose 3.4 percent as a slowing economy prompted people to eat at home.

Overseas consumers spent more at McDonald's Corp. in August than Wall Street expected, leading the nation's No. 1 hamburger chain to surprise investors by posting a big rise in global same-store sales on Tuesday.

PetroChina's first-half net profit fell 34.5 percent, the oil company said Wednesday, amid rising losses in its refining business mainly due to Chinese domestic price controls.

Average domestic airfares rose 4.4 percent in the first quarter of 2008 compared to the same period a year earlier, the government said Wednesday in an analysis that was based on a small sample of itineraries and excluded some high-priced destinations.

Boeing Co., the world's second biggest commercial airplane manufacturer, said Wednesday that it earned $1.2 billion in the first quarter, a 38 percent increase from a year ago as its backlog of orders grew to a new record high.