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French Finance Minister Christine Lagarde is chosen to lead IMF; takes over at turbulent time
WASHINGTON – French Finance Minister Christine Lagarde has been chosen to lead the International Monetary Fund. She will become the first female managing director of the global lending organization. Lagarde’s selection became all but assured when the Obama administration endorsed her earlier Tuesday

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Financial firms lead stocks
Financial companies led stock indexes to new two-year highs Tuesday after another big banking deal raised hopes that more acquisitions could be on the way. Toronto-Dominion Bank said it is buying Chrysler Financial, the automaker’s old lending arm, from Cerberus Capital Management LP for $6.3 billion. The S&P 500 closed above the level it reached on Sept. 12, 2008, the last trading day before …

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