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Whole Foods down 74% YTD but still "A Growth Company"

How and Why will American's keep buying organic and high-end foods?They won't. People are cutting back, and an easy way is to not buy the organic [...] read more »
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Scholes's Platinum Grove Fund Halts Withdrawals After Losses

Platinum Grove Asset Management LP, the hedge-fund firm co-founded by Nobel laureate Myron Scholes, temporarily stopped investor withdrawals from its[...] read more »
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Is Apple Getting Into the Chip Business?

A brewing battle between Apple Inc. and its frenemy, IBM Corp., over the role of an executive who at one time managed Big Blue’s PowerPC chip busines[...] read more »
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Number of credit card offers dives amid financial crisis

The number of credit card offers sent to Americans has declined to its lowest point in over three years, punctuating the extreme credit tightening by[...] read more »
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NYSE Rule Change

the New York Stock Exchange is now allowing specialists to place orders for 30 minutes after the market closes in order to cope with the “wild swings[...] read more »
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Dollar Libor Falls to Lowest Since Lehman Failure on Rate Cuts

The cost of borrowing in dollars in London fell on speculation European policy makers will join counterparts in Asia in slashing interest rates this [...] read more »
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Petrochemical prices slide to multi-year lows

The price of petrochemicals used in the production of goods from toys to mobile phones and from T-shirts to pipes has tumbled to multi-year lows, pro[...] read more »
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Circuit City to Close 155 Stores, Cut U.S. Workforce

Circuit City Stores Inc., the unprofitable electronics retailer, will close 155 U.S. stores and renegotiate leases on some of its remaining 566 U.S. [...] read more »
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JPMorgan Meets WaMu Homeowners, Face to Face

Three cheers for JPMorgan (JPM)! read more »
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U.S. rejects GM's call for help in a merger

The Treasury Department has turned down a request by General Motors for up to $10 billion to help finance the automaker's possible merger with Chrys[...] read more »
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Reckless loans ruled Wa-Mu, ex-worker says

As a senior mortgage underwriter, Keysha Cooper was proud of her ability to spot fraud and other problems in a loan application. A decade of vetting [...] read more »
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Walt Disney Co. braces for worsening economy

Executives have been meeting this week to prepare belt-tightening measures that could include job cuts, according to people familiar with the discuss[...] read more »
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`Panic' Strikes East Europe Borrowers as Banks Cut Franc Loans

banks are curtailing the loans as investors pull money out of eastern Europe's developing markets read more »
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Who Shrank The Economy? Fodd prices Dent U.S. growth

Inflation ate deeply into U.S. consumer spending in the third quarter, doing more harm to the economy than either slumping car sales or housing, but [...] read more »
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GM, Chrysler merger on hold as aid hopes fade: sources

A deal to merge General Motors Corp and Chrysler LLC has hit an impasse after the Bush administration ruled out funding for it, three people with d[...] read more »
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