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submitted by Robby for team staff news 37 minutes ago
AP - The head of the International Monetary Fund welcomed a European bank rescue plan on Monday despite its high cost, and predicted that weekend efforts by world leaders would soothe anxious global markets.
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submitted by Robby for team staff news 13 hours 37 minutes ago
European leaders in Paris say no major financial institution will be allowed to collapse, as they agree a banking rescue plan.
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submitted by Jazz 16 hours 41 minutes ago
“BEWARE of geeks bearing formulas.” So saith Warren Buffett, the Wizard of Omaha. Words to bear in mind as we bail out banks and buy up mortgages and tweak interest rates and nothing, nothing seems to make any difference on Wall Street or Main Street. Years...(more)
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submitted by Robby for team staff news 13 hours 37 minutes ago
NEW YORK (AP) -- Newspaper companies have been skipping loan payments, missing financial targets in debt agreements and accepting higher interest rates in exchange for more flexibility - and they're not even directly feeling the impact of the credit crisis yet....
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submitted by Robby for team staff news 37 minutes ago
British Prime Minister Gordon Brown's government is set to buy majority stakes in Royal Bank of Scotland Group and HBOS to contain the worst financial crisis since the 1930s, two people familiar with the matter said. [Other media were reporting this development, including the Times...(more)
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submitted by Robby for team staff news 13 hours 37 minutes ago
An inflatable gorilla beckoned from the roof of Don Brown Chevrolet in St. Louis, servers doled out free bowls of pasta and a salesman urged potential customers to "come on up under the canopy and put your hands on" a new set of wheels....
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submitted by Robby for team staff news 12 hours 37 minutes ago
LOS ANGELES (AP) -- An adorable talking dog remained just the sort of escapist movie hero audiences wanted after a week of awful economic news. Disney's family comedy "Beverly Hills Chihuahua," with Drew Barrymore providing the voice of the pooch, was the No. 1 flick for...(more)
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submitted by Robby for team staff news 16 hours 37 minutes ago
Government leaders from the major European Union members gathered in Paris on Sunday to discuss their collective response to the financial crisis.
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submitted by Robby for team staff news 15 hours 37 minutes ago
ANCHORAGE, Alaska (AP) -- Alaska Gov. Sarah Palin, the Republican nominee for vice president, bills herself as a fiscal conservative. But that can be a relative term when you're governor of a state gushing with oil money....
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submitted by Robby for team staff news 7 hours 37 minutes ago
Outspoken billionaire investor George Soros on Sunday criticized U.S. and European officials for taking too long to effectively address the financial crisis. Treasury Secretary Henry Paulson was "very slow" to react because his "market fundamentalist beliefs"...
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submitted by Robby for team staff news 8 hours 37 minutes ago
US banking regulators need a "dramatic overhaul", according to Harvey Pitt who used to run one of them.
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submitted by Robby for team staff news 4 hours 37 minutes ago
During last week's presidential debate, John McCain and Barack Obama sparred over what caused the financial crisis. It was a ...
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