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Ford Considering Sale of Volvo
Ford Motor Co. is considering selling Volvo Car Corp. as the beleaguered U.S. automaker seeks to raise cash and weather a global... more-
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Bush WH rejected tougher mortgage rules ignored meltdown warnings in 2005
WASHINGTON – The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before... more-
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London Hosting Economic Summit in April
British Prime Minister Gordon Brown said Wednesday that London will host an April meeting of the Group of 20 industrialized and... more-
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Bailout is the Word of the Year
Everyone seems to want one, but apparently a lot of Americans aren't sure what exactly a ``bailout'' is.-
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Government Working to Ease Credit Crunch
The government is working on a new loan facility to help companies that issue credit cards, make student loans and finance car... more-
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Consumer Prices Have Biggest Drop in 61 Years
Consumer prices plunged by the largest amount in the past 61 years in October as gasoline pump prices dropped by a record amount.-
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World Markets Sink Amid Global Gloom
Asian stock markets sank Tuesday after Wall Street retreated and global financial firms announced another round of massive... more-
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Citigroup cutting another 53,000 jobs
Citigroup Inc. is cutting approximately 53,000 more jobs in the coming quarters as the banking giant struggles to steady itself... more-
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Japan is officially in a recession
Japan's economy slid into a recession for the first time since 2001, the government said Monday, as companies sharply cut... more-
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House Passes Credit Card Bill Of Rights Bill
The U.S. House of Representatives Tuesday passed a landmark consumer protection measure aimed at leveling the playing field for... more-
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Jobless Claims at 7-Year High
The Labor Department reported that jobless claims last week increased by 32,000 to a seasonally adjusted 516,000. That is the... more-
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Foreclosure Rate Up 25 Percent from Last Year
More than 84,000 properties were repossessed in October.-
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McDonald's Sales Increased In October
Consumers around the world who are watching their spending bought more burgers and chicken breakfast biscuits at McDonald's... more-
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Paulson Changes Bailout - Stocks Sink
WASHINGTON – The government has abandoned the original centerpiece of its $700 billion rescue effort for the financial... more-
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Nets Have FREE Tickets for Job Seekers
Would you like to get a job and see a professional basketball game for free? If you do, make the Nets your destination.-
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Starbucks profits drop 97% during fourth quarter
Seattle-based Starbucks said profit fell 97 percent to $5.4 million, or a penny a share, from $158.5 million, or 21 cents per... more-
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American Express Becoming a Bank Holding Company
The Federal Reserve on Monday granted AmEx's request to become a commercial bank, opening the door for the credit card giant... more-
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Citigroup helping out at-risk homeowners
Over the next six months, Citi plans to reach out to 500,000 homeowners who are not currently behind on their mortgage payments,... more-
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Fear sends world markets down
Europe's stock markets opened lower Tuesday following losses in Asia amid mounting concerns about the world economy following... more-
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Major Cuts Made at DHL
Deutsche Post AG will close all of its DHL Express service centers, cut 9,500 jobs in the United States and eliminate U.S.-only... more-
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