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Monday, August 11, 2008

CNBC.com's News Now: The Petrowski Plan

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TODAY'S TOP 5
Video 1 1. Mel Karmazin on Sirius-XM Merger

Video 2 2. One on One with Hank Greenberg

Video 3 3. The Petrowski Plan

Video 4 4. Last Week's Rally is Still a Fally

Video 5 5. Adidas Olympic Outlook


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Ford Line-Up Cut Would Be A Good Thing

Ford plans to do away with its "lackluster" Mercury Sable and Taurus X models in exchange for newer designs. Click here to read more.

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INTERVIEWING THE FED: Steve Liesman has an exclusive one-on-one with Minneapolis Federal Reserve President Gary Stern, a voting member of the FOMC. With the Fed's next interest rate move up for grabs, you don't want to miss what he says about the economy, energy prices and much more.

OLYMPIC BUSINESS: Darren Rovell and Carl Quintanilla continue their live coverage from Beijing, where the Olympics are now in full swing. The US basketball team faces its second test, while Michael Phelps is shooting for his eight! Darren talks money with Peter Carlisle, the agent for Michael Phelps and some of the other big names at the Olympics.

THE ECONOMICS OF HAUTE CUISINE: Upticks in input costs across the board are taking a bite out of the restaurant business. Following the recent rash of closing and bankruptcies on the low end, Jane Wells sets out to LA's finer establishments to look at how upscale restaurants are making ends meet.

UBS EARNINGS: Fresh off its recent buyback of billions of dollars worth of auction rate securities from clients, UBS, the European banking giant, will report its quarterly earnings. Mary Thompson follows the news and storylines.

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