NEWS - U.S. economy contracts at surprisingly sharp 6.1 pct rate in 1st quarter as exports and business inventories plummet - U.S. inventories drawn down by a record $103.7 billion, suggesting businesses have cut stockpile of unsold merchandise - BofA CEO Kenneth Lewis at risk of losing his post as chairman over bank's Jan. 1 rescue of Merrill Lynch - Chrysler reports progress in efforts to complete an alliance with Fiat SpA , but bankruptcy still looms - Fed expected to hold off ...
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