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Asia, Pacific stocks drop   more similar news »
Asia and Pacific stocks opened sharply lower Friday as investor fears about the global financial crisis deepened.

Fri Oct 10, 2008
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Citi ends talks with Wells Fargo over Wachovia   more similar news »
Banking giant Citigroup said Thursday it had ended talks with Wells Fargo about reaching an agreement to acquire parts of the struggling bank Wachovia and is no longer looking to buy any of Wachovia's assets.

Fri Oct 10, 2008
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AIG taps $70 billion   more similar news »
American International Group has tapped $70 billion of the $85 billion emergency government loan that is helping the giant insurer survive, officials announced Thursday.

Fri Oct 10, 2008
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Citi is right to walk away from Wachovia   more similar news »
Wells Fargo and Citigroup were apparently still battling over who should get the right to buy Wachovia on Thursday.

Thu Oct 09, 2008
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More trouble for fund that 'broke the buck'   more similar news »
Read full story for latest details.

Thu Oct 09, 2008
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Paulson 'actively' eyes bank investment   more similar news »
The Treasury Department is "actively" looking at buying equity stakes in some of the nation's banks, according to White House officials.

Thu Oct 09, 2008
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Shorts blamed for bank stock plunge   more similar news »
Bank stocks sank across the board Thursday, leading the broader market in a frenzied selloff. Some market watchers blamed the drop on the expiration of the short selling ban on financial stocks.

Thu Oct 09, 2008
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What's selling now: Health care up, housing down   more similar news »
Small companies in the finance and real-estate fields have been hit hard this past year, reporting declines in many niches of the industry. But other small businesses are still thriving despite the economic downturn: Software publishers and medical labs enjoyed double-digit growth over the last 12 months, according to new research by financial services company Sageworks.

Thu Oct 09, 2008
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Investors pull $43B out of stock funds   more similar news »
As the nation's economic crisis deepened, investors pulled $43.3 billion from stock mutual funds, according to a report released Thursday.

Thu Oct 09, 2008
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Paulson needs to lay out his plan   more similar news »
It's time for Henry Paulson to show his cards.

Thu Oct 09, 2008
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Dollar climbs as risk appetite dissolves   more similar news »
The U.S. dollar rose against the euro and the pound Thursday, but fell back below ¥100 as investor's appetite for risk was ruined by falling stock prices.

Thu Oct 09, 2008
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National City mum on sale talk   more similar news »
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Thu Oct 09, 2008
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Oil sinks as economy falters   more similar news »
Oil prices continued to decline Thursday as global economic problems hammered demand for crude products.

Thu Oct 09, 2008
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Wall Street crisis hits GE   more similar news »
All eyes will be on GE on Friday when the massive conglomerate and market bellwether reveals earnings that have been hard-hit by recent turmoil in the financial markets.

Thu Oct 09, 2008
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Daimler will add 1,000 jobs next year   more similar news »
Read full story for latest details.

Thu Oct 09, 2008
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Canadian pol criticizes banks   more similar news »
Read full story for latest details.

Thu Oct 09, 2008
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Micron to cut 2,850 jobs   more similar news »
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Thu Oct 09, 2008
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Big drop predicted for global auto sales   more similar news »
As the economic downturn continues to hit consumers' wallets, market analysis firm J.D. Power is predicting even bigger drops in U.S. and global auto sales than it had previously thought.

Thu Oct 09, 2008
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IBM confident, market less so   more similar news »
IBM tried to separate itself from the tech pack with a mixed third quarter earnings preview, but more budget cutting among among business buyers foreshadows trouble down the road.

Thu Oct 09, 2008
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Virginia orders 570 state layoffs   more similar news »
Read full story for latest details.

Thu Oct 09, 2008
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Asian markets on the mend   more similar news »
Asian and Pacific markets were mostly higher Thursday, a day after being pummeled on fears of a world financial meltdown, as two central banks acted to increase global liquidity.

Thu Oct 09, 2008
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Mexico unveils plan to stave off crunch   more similar news »
Mexican President Felipe Calderon laid out a plan Wednesday to help his country avoid or mitigate the effects of the economic uncertainty besetting other nations.

Thu Oct 09, 2008
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IBM beats estimates with early earnings   more similar news »
Read full story for latest details.

Thu Oct 09, 2008
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AIG hits up Fed for more money   more similar news »
The New York Federal Reserve is lending up to $37.8 billion to American International Group to give the troubled insurer access to much-needed cash.

Thu Oct 09, 2008
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Walgreen ends $2.8B bid for rival   more similar news »
Read full story for latest details.

Thu Oct 09, 2008
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9 ways to tough out tough times   more similar news »
It's hard to find any good news about your money these days. The stock market is tumbling. Banks are failing. Home values are cratering. And you're watching your retirement disappear.

Thu Oct 09, 2008
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Fed gives $37.8 billion loan to AIG   more similar news »
Read full story for latest details.

Wed Oct 08, 2008
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Paulson: Using all tools   more similar news »
Treasury Secretary Henry Paulson said Wednesday that financial markets continue to be "strained" but he urged "patience" and said the federal government will use all tools necessary to ensure stability in the financial system.

Wed Oct 08, 2008
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The Fed's next move is...   more similar news »
No one can suggest the Federal Reserve has been sitting on the sidelines in the current financial crisis.

Wed Oct 08, 2008
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McCain mortgage plan shifts costs to taxpayers   more similar news »
Under a mortgage rescue plan announced at the debate Tuesday night by Senator John McCain, much of the burden of paying to keep troubled borrowers in their homes will shift to taxpayers.

Wed Oct 08, 2008
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Bank earnings don't look pretty   more similar news »
In case you forgot that the nation's financial system is a mess, banks will offer up a reminder next week when they are expected to start reporting another brutal round of quarterly results.

Wed Oct 08, 2008
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Tech woes see new lows   more similar news »
This time it really is different. It's worse.

Wed Oct 08, 2008
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Global bazookas, but no silver bullet   more similar news »
Central bankers unleashed a broadside at the financial markets Wednesday, but it may be months before anyone can tell whether the latest salvo found its mark.

Wed Oct 08, 2008
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Linens 'N Things: Bidder may liquidate company   more similar news »
Read full story for latest details.

Wed Oct 08, 2008
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BofA agrees to auction-rate buyback   more similar news »
Read full story for latest details.

Wed Oct 08, 2008
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Oil prices: Buckle up for a wild ride   more similar news »
Expect nothing but volatility for oil prices over the next year or two - with the fate of the global economy largely dictating whether crude will fall to $50 or shoot up to $150 a barrel.

Wed Oct 08, 2008
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Fortis shareholders may seek vote   more similar news »
Read full story for latest details.

Wed Oct 08, 2008
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Wells, Citi extend Wachovia standstill   more similar news »
Citigroup and Wells Fargo, the two banks fighting to buy Wachovia, agreed on Wednesday to extend a standstill on legal wrangling over the deal until Friday.

Wed Oct 08, 2008
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On housing, McCain takes sharp left turn   more similar news »
Minutes into last night's presidential debate, the already listing ship of free-market Republicanism groaned, keeled over and began a long journey to the bottom of the political seas.

Wed Oct 08, 2008
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A bear market history lesson   more similar news »
It's easy to feel panicked in this kind of market. But history holds some valuable lessons. Here's some perspective.

Wed Oct 08, 2008
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Alcoa earnings drop 52%   more similar news »
Read full story for latest details.

Wed Oct 08, 2008
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Ex-AIG brass tries to shift blame   more similar news »
Two former CEOs of AIG tried to make the case at a Congressional hearing Tuesday that the downfall of the giant insurer and financial services firm wasn't their fault, but rather that of external forces, including an accounting rule.

Wed Oct 08, 2008
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A 5-year low   more similar news »
Wall Street's drubbing continued Tuesday, with a 500-point loss bringing the Dow's two-day slump to nearly 900 points, as the Federal Reserve's plan to loosen credit markets failed to temper investor pessimism.

Wed Oct 08, 2008
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Looking for trouble   more similar news »
The swaggering, ultra-rich hedge fund manager, manager, an unloved species to begin with, is very possibly becoming endangered.

Tue Oct 07, 2008
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Borrowing falls, 1st time since '98   more similar news »
Borrowing by consumers fell in August for the first time in more than 10 years as a weak economy continued to strain household budgets, according to a government report issued Tuesday.

Tue Oct 07, 2008
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Morgan Stanley plunges   more similar news »
Shares of Wall Street investment bank Morgan Stanley plunged more than 20% Tuesday afternoon as rumors spread that Japanese bank Mitsubishi UFJ may pull out of plans to buy a big stake in the firm.

Tue Oct 07, 2008
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Pensions lose $2 trillion   more similar news »
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Tue Oct 07, 2008
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Economy vs. inflation: Fed saw equal risk   more similar news »
Read full story for latest details.

Tue Oct 07, 2008
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Oil prices rebound above $90   more similar news »
Oil held its gains in volatile trading Tuesday, bouncing off an 8-month low on weakness in the dollar, but the advance was kept in check by falling stock prices.

Tue Oct 07, 2008
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700 auto dealers could fail   more similar news »
Read full story for latest details.

Tue Oct 07, 2008
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