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PNC Financial says most of 5,800-job cut was previously announced by National City

Posted by Verna 1208 days ago (http://www.mlive.com)
Category: Economy | Tags: company crisis economy jobs
PNC has not indicated how many, if any, of the job cuts will come from Kalamazoo County. And PNC Financial spokesman Fred Solomon said the jobs reductions will not be specific to any location. read more »
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Swiss Re writes down $5.3 billion, Buffett injects cash

Posted by Verna 1208 days ago (http://www.reuters.com)
Category: Economy | Tags: banks buffett economy fiance
Swiss Re (RUKN.VX) wrote down 6 billion Swiss francs ($5.25 billion) in toxic assets and said Warren Buffett was investing 3 billion Swiss francs as its shareholder's equity dipped to an uncomfortable level. read more »
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Building societies urge Bank to hold rates

Posted by Verna 1210 days ago (http://www.timesonline.co.uk)
Category: Real Estate | Tags: bank money rates real estate
Britain's building societies today urged the Bank of England not to cut interest rates again this week. The Bank is widely tipped to reduce its rate from 1.5 per cent to as low as 1 per cent this Thursday. read more »
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Australia plans $26 billion stimulus package

Posted by Verna 1210 days ago (http://www.usatoday.com)
Category: Economy | Tags: economy finance money package
Australia's leader unveiled a new stimulus package Tuesday to try to shield the economy from the global downturn, promising $26 billion (42 billion Australian dollars) in spending that will send the budget into the red. read more »
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Macy's to cut 7,000 jobs

Posted by Verna 1210 days ago (http://www.cbc.ca)
Category: Economy | Tags: business company cut jobs
One of the giants in U.S. retailing is going to be a lot smaller; Macy’s is planning to cut its work force by as much as four per cent. read more »
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Obama Will Require Banks to Expand Lending as Condition for Aid

Posted by Verna 1211 days ago (http://www.bloomberg.com)
Category: Economy | Tags: aid economy finance obama
President Barack Obama will require banks to boost lending to consumers and companies in return for taxpayer aid from the $700 billion bailout fund, in a departure from Bush administration policy, a key lawmaker said. read more »
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Stimulus: Senate's housing hopes

Posted by Verna 1211 days ago (http://money.cnn.com)
Category: Economy | Tags: economy finance money package
As the economic stimulus package moves to the Senate, the drumbeat is growing louder for new provisions that directly address the housing crisis. read more »
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Most Asian markets fall on bleak earnings

Posted by Verna 1211 days ago (http://biz.yahoo.com)
Category: Stocks | Tags: earning fund market money stock
Most Asian markets sank Monday as investors digested a slew of awful earnings reports from the region's corporate heavyweights and inauspicious signs from Wall Street, where stock averages clocked their worst January ever. read more »
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TF Financial Corporation Reports 2008 Results and Quarterly Dividend

Posted by Verna 1214 days ago (http://www.msnbc.msn.com)
Category: Stocks | Tags: company fund investment stock
TF Financial Corporation (Nasdaq:THRD) today reported net income of $4,236,000 ($1.61 per diluted share) for 2008, compared with $4,845,000 ($1.78 per diluted share) for 2007. read more »
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Bank bailout: More money, more problems

Posted by Verna 1214 days ago (http://money.cnn.com)
Category: Economy | Tags: banking economy finance money
he Obama administration is intent on fixing the banks. But doing so won't be simple or cheap.Treasury Secretary Timothy Geithner has said officials are looking at a "range of options" that would boost confidence in troubled big banks. read more »
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Morgan Stanley plans downsize of Canary Wharf offices

Posted by Verna 1214 days ago (http://www.efinancialnews.com)
Category: Economy | Tags: company economy morgan stanley
US investment bank Morgan Stanley is planning to slash the amount of office space it rents in Canary Wharf by more than a quarter, adding to the pressure on Songbird Estates. read more »
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House passes $819 billion stimulus bill

Posted by Verna 1215 days ago (http://money.cnn.com)
Category: Economy | Tags: economy finance package
The House on Wednesday evening passed an $819 billion economic stimulus package Wednesday on a party-line vote, despite President Obama's efforts to achieve bipartisan support for the bill. read more »
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Calls for oil at $60-$80 a barrel

Posted by Verna 1215 days ago (http://news.bbc.co.uk)
Category: Economy | Tags: crisis economy finance oil
The price of oil has to rise to between $60 and $80 a barrel to safeguard investments, according to the bosses of oil cartel Opec and top energy firms. read more »
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MARKET SNAPSHOT: Markets Focus On Earnings, Bank-rescue Plan

Posted by Verna 1220 days ago (http://money.cnn.com)
Category: Stocks | Tags: crisis industries market stock
The market will begin the peak period for quarterly earnings reports next week, as evidence grows that the economic pain is being felt across an ever[...] read more »
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Thumbs Up for Geithner in Finance Committee

Posted by Verna 1220 days ago (http://abcnews.go.com)
Category: Economy | Tags: bailout economy recession
Timothy Geithner, President Obama's Turbo Tax-using choice to head the Treasury Department (including the Internal Revenue Service), overcame questi[...] read more »
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