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Shares Of Macy's Tumble On Weak 2008 Outlook (AHN)   more similar news »
(AHN) - Shares of Macy's Inc. (NYSE: M) plunged to a 13-year low on Friday, following report that the company has slashed its 2008 earnings outlook for this year as consumer spending drop. - Fri, 10 Oct 2008 13:46:46 GMT
Thu Jan 01, 1970
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Bush Assures Investors About Government's "Aggressive" Steps On Economy (AHN)   more similar news »
(AHN) - Speaking a day after Wall Street shares plummeted to its lowest level in five years, President George W. Bush sought to assure Americans and investors on Friday that his administration's "aggressive" efforts would stabilize financial markets. - Fri, 10 Oct 2008 13:29:40 GMT
Thu Jan 01, 1970
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Canadian Federal Government Buys Back $25 Billion Mortgages (AHN)   more similar news »
(AHN) - To boost funds of Canadian banks available for lending and cut borrowing cost for consumers, the federal government will buy back $25 billion mortgages, Finance Minister Jim Flaherty said Friday. - Fri, 10 Oct 2008 13:28:17 GMT
Thu Jan 01, 1970
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Official Airline Guide Forecasts Loss Of 46 Million Airline Seats For Last Quarter Of 2008 (AHN)   more similar news »
(AHN) - Thousands of air flights are slated to be canceled over the last quarter of 2008 as the international aviation industry struggle with the double whammy caused by expensive jet fuel and the global financial meltdown. - Fri, 10 Oct 2008 13:02:03 GMT
Thu Jan 01, 1970
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Carpet Giant Shaw Closing 440-Employee Trenton, GA Mill; Blames Slowing Economy (AHN)   more similar news »
(AHN) - Dalton, Georgia-based flooring product giant Shaw Industries will start phasing out production at its 440-employee Trenton spinning mill in November. - Fri, 10 Oct 2008 11:11:08 GMT
Thu Jan 01, 1970
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Ford May Sell Mazda Shares; Sumitomo, Tata Motors Potential Buyers (AHN)   more similar news »
(AHN) - As the financial crisis deepens, the number of consolidations in the financial sector increased. Now it is the auto sector's turn as it faces billions of dollars of cash shortage to shore up its financial statement. - Sat, 11 Oct 2008 14:37:57 GMT
Thu Jan 01, 1970
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Two Banks Fail In Midwest; Total Count Reaches 15 (AHN)   more similar news »
(AHN) - Banks in Illinois and Michigan were seized by the state regulators, pushing up the number of failed financial institutions to 15, according to the officials. - Sat, 11 Oct 2008 10:45:43 GMT
Thu Jan 01, 1970
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GE Q3 Profit Falls 22 Percent, Meets Revised Estimates (AHN)   more similar news »
(AHN) - General Electric announced Friday third quarter earnings fell 22 percent as gains in its energy and cable businesses was more than offset by declines in the consumer and industrial unit. - Fri, 10 Oct 2008 22:51:02 GMT
Thu Jan 01, 1970
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U.S. Trade Deficit Shrinks 3.5 Percent In August (AHN)   more similar news »
(AHN) - The Commerce Department reported Friday that the U.S. trade deficit contracted 3.5 percent to $59.1 billion in August as oil imports dropped from the month before. - Fri, 10 Oct 2008 21:30:02 GMT
Thu Jan 01, 1970
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Treasury To Buy Stock In Financial Institutions (AHN)   more similar news »
(AHN) - Treasury Secretary Henry Paulson said Friday that they will move forward with the program to purchase stock in financial institutions. The Great Depression was the last time government had used such a plan. - Fri, 10 Oct 2008 19:52:34 GMT
Thu Jan 01, 1970
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Qwest & Communications Workers of America Reach Tentative Deal For 20,000 Workers (AHN)   more similar news »
(AHN) - Qwest Communications International Inc., whose local phone services cover 14 U.S. states, reached a tentative deal with the Communications Workers of America on a new four-year agreement. - Sun, 12 Oct 2008 14:38:09 GMT
Thu Jan 01, 1970
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EU Leaders Meet To Discuss Ways To Tackle Market Crisis (AHN)   more similar news »
(AHN) - The leaders from 15 euro nations are meeting in Paris Sunday to formulate a concerted response to the global financial turmoil. - Sun, 12 Oct 2008 13:21:32 GMT
Thu Jan 01, 1970
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Federal Mediator Opens Fresh Talks Between Boeing, Union (AHN)   more similar news »
(AHN) - A federal mediator has opened fresh talks between aerospace firm Boeing Co. and union employees of the International Association of Machinists and Aerospace Workers. - Mon, 13 Oct 2008 17:42:49 GMT
Thu Jan 01, 1970
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U.S. Markets Soar As Treasury Prepares To Buy Bank Stocks (AHN)   more similar news »
(AHN) - U.S. markets snapped their losing streak with a massive rally that sent all three major indices 11 percent higher as global efforts to restore financial markets are beginning to restore confidence. - Mon, 13 Oct 2008 17:19:56 GMT
Thu Jan 01, 1970
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American Paul Krugman Wins Nobel Prize In Economics (AHN)   more similar news »
(AHN) - New York Times Columnist Paul Krugman won the Nobel Prize in economics on Monday for his study on the effects economies of scale have on international trade patterns. - Mon, 13 Oct 2008 17:07:15 GMT
Thu Jan 01, 1970
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Honda To Make More Accords At Alabama Plant (AHN)   more similar news »
(AHN) - Honda Motor Co., Japan's largest automaker, said on Monday that it plans to cut down on product at Alabama plant from next month, forced by declining sales. - Mon, 13 Oct 2008 17:00:40 GMT
Thu Jan 01, 1970
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Waste Management Withdraws $6.73 Billlion For Republic (AHN)   more similar news »
(AHN) - Waste Management, Inc. said on Monday it had decided to withdraw from acquiring all of the outstanding shares of Republic Services, Inc., due to current financial market condition. - Mon, 13 Oct 2008 16:38:50 GMT
Thu Jan 01, 1970
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Apple Gets Upgrade To "Buy" On Healthy Short-Term Financial (AHN)   more similar news »
(AHN) - Shares of Apple Computer, Inc. (NASDAQ: AAPL) surged on Monday on NASDAQ trading market after it was upgraded on better outlook in technology industry. - Mon, 13 Oct 2008 16:27:11 GMT
Thu Jan 01, 1970
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U.K. Nationalizes HBOS, RBS Through $64.2 Billion Bailout (AHN)   more similar news »
(AHN) - British Prime Minister Gordon Brown announced Monday the nationalization of the Halifax Bank of Scotland and the Royal Bank of Scotland through a $64.2 billion bailout package. - Mon, 13 Oct 2008 11:02:50 GMT
Thu Jan 01, 1970
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Guarantee On Deposits Made By New Zealand, Australian Central Banks (AHN)   more similar news »
(AHN) - To ease worries of Australian depositors as the global credit crunch further worsens, Australian Prime Minister Kevin Rudd announced Sunday a guarantee for all deposits for three years. On the same day, neighbor New Zealand announced a similar policy for all retail banking deposits. - Mon, 13 Oct 2008 10:07:33 GMT
Thu Jan 01, 1970
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Speculators Getting Out Of Corn, Cattle, Pork Futures Commodities Market Cause Prices To Tumble (AHN)   more similar news »
(AHN) - Speculators getting out of the corn, cattle and pork futures market on Friday caused prices on the Chicago Board of Trade to tumble, corn is the primary ingredient for hog and cattle feed and corn futures prices tumbled after the government predicted a record crop. - Mon, 13 Oct 2008 09:49:48 GMT
Thu Jan 01, 1970
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Corn Futures Drop As Government Revises Forecast; Predicts Bumper Crop (AHN)   more similar news »
(AHN) - The recent downturn in the economy is now affecting corn producers who are worried because demand for corn, along with corn futures prices, has dropped even as government forecasts nation will have its second-highest yield of 154 bushels per acre. - Mon, 13 Oct 2008 09:19:33 GMT
Thu Jan 01, 1970
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Johnson & Johnson Q3 Profit Tops Estimates (AHN)   more similar news »
(AHN) - Johnson & Johnson announced Tuesday third quarter earnings rose 30 percent, topping estimates. A 13 percent rise in sales of its consumer products helped add to profits. - Tue, 14 Oct 2008 18:20:04 GMT
Thu Jan 01, 1970
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Strike To Continue After Talks Fail Between Boeing, IAM (AHN)   more similar news »
(AHN) - Some 27,000 machinists in Washington, Oregon and Kansas will continue to strike after negotiations failed anew between Boeing Co. and union International Association of Machinists and Aerospace Workers. - Tue, 14 Oct 2008 17:55:33 GMT
Thu Jan 01, 1970
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U.S. Markets Pare Early Gains, Finish Lower (AHN)   more similar news »
(AHN) - U.S. markets opened much higher Tuesday on news the government will spend $250 billion on bank stocks. However, it was another volatile day on Wall Street and all three major indices gave up the early gains to finish negative. - Tue, 14 Oct 2008 17:45:24 GMT
Thu Jan 01, 1970
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