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US government may take ownership stakes in banks

Posted by sumib 1327 days ago, popular 1326 days ago (http://ap.google.com)
Category: Economy | Tags: us banks government ownership
News that the Bush administration is considering taking ownership stakes in a number of U.S. banks helped restore a relative calm over global financi[...] read more »
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Citigroup Girds for Wachovia Takeover Battle With Wells Fargo

Posted by sumib 1332 days ago, popular 1330 days ago (http://www.bloomberg.com)
Category: Economy | Tags: citigroup wachovia
Citigroup Inc., hobbled by $61 billion of subprime-related losses, now faces its biggest takeover battle in a fight with Wells Fargo & Co. for contro[...] read more »
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U.S. loses 159,000 jobs in September, worst one-month drop in five years

Posted by sumib 1332 days ago, popular 1331 days ago (http://www.latimes.com)
Category: Economy | Tags: us unemployment
Economists say the accelerating pace of unemployment, combined with the most severe credit crisis since the Great Depression, makes the label of 're[...] read more »
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Auto sales plunge as credit crunch hits

Posted by sumib 1334 days ago, popular 1334 days ago (http://www.reuters.com)
Category: Economy | Tags: auto sales us economy crisis
Major automakers reported plunging U.S. sales for September -- led by a 34 percent slide at Ford Motor Co -- as an escalating credit crisis hit the s[...] read more »
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Word Reaches Congress: As the Market Goes, So Goes the Electorate

Posted by sumib 1334 days ago, popular 1334 days ago (http://www.nytimes.com)
Category: Economy | Tags: bailout bush electorate
What Representative Joe Barton, Republican of Texas, has heard from constituents this week about the Bush administration’s $700 billion economic bail[...] read more »
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US August consumer spending unchanged; personal income up 0.5 pct

Posted by sumib 1337 days ago, popular 1334 days ago (http://www.forbes.com)
Category: Economy | Tags: us consumer spending
US consumer spending was flat in August despite a larger-than-expected increase in personal income, while inflation rose at its fastest annual pace i[...] read more »
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Conservatives stand firm on opposition to bailout

Posted by sumib 1335 days ago, popular 1334 days ago (http://www.reuters.com)
Category: Economy | Tags: bailout opposition conservatives
The failure of a massive Wall Street bailout bill and a steep fall in the stock market was a price worth paying to stand up for principle, some conse[...] read more »
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Bailout Fallout: What Should McCain and Obama Do Next?

Posted by sumib 1335 days ago, popular 1335 days ago (http://voices.washingtonpost.com)
Category: Economy | Tags: mccain bailout fail obama
Less than 24 hours after the bill to bailout the financial industry died an ignominious -- and surprising -- death in the House of Representatives, b[...] read more »
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What About the Rest of Us?

Posted by sumib 1340 days ago, popular 1336 days ago (http://www.nytimes.com)
Category: Economy | Tags: us foreclosure wall street
Lawmakers were still wrangling Thursday night about the Bush administration’s $700 billion bailout of the financial system. Political theater was mai[...] read more »
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Morgan Stanley Completes Mitsubishi Deal

Posted by sumib 1337 days ago, popular 1336 days ago (http://www.nytimes.com)
Category: Commodities | Tags: mitsubishi morgan stanley
Morgan Stanley announced Monday that it had completed a previously announced deal to raise capital from Mitsubishi UFJ Financial Group, a large comme[...] read more »
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Schwarzenegger vetoes bill increasing oversight of mortgage brokers - Los Angeles Times

Posted by sumib 1340 days ago, popular 1339 days ago (http://www.latimes.com)
Category: Economy | Tags: mortgage brokers schwarzenegger
A yearlong push by lawmakers to combat growing numbers of mortgage foreclosures by making sweeping changes in lending practices fizzled Thursday. A b[...] read more »
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