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Car dealership operator Penske Automotive Group announced on Wednesday that it has cancelled plans to acquire General Motors’ Saturn unit. As a result, GM said it will wind down the brand and dealer network.

The dollar fell against the euro and the yen Wednesday despite downbeat economic data that sparked a selloff on Wall Street.

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A government effort to get badly needed cash into the hands of struggling small business owners is slowly gaining momentum, but entrepreneurs seeking the scarce loans are still in for a frustrating ride.

Shares of CIT Group, one of the nation’s largest lenders to small businesses, plummeted 45% Wednesday after a newspaper article said the company will hand control to bondholders or file for bankruptcy.