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submitted by Robby for team staff news 1 week 3 days 4 hours 54 minutes ago
HAVANA (AP) -- Russia's ambassador to Cuba says his country's oil companies are interested in searching for oil in deep Gulf of Mexico waters off of the Caribbean island....
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submitted by Robby for team staff news 1 day 22 hours 54 minutes ago
SINGAPORE (AP) -- Oil prices fell to a 3-year low below $48 a barrel Tuesday in Asia, as more bleak U.S. economic news and plunging stocks markets darkened investor expectations for crude demand....
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submitted by Robby for team staff news 1 week 6 days 1 hour 52 minutes ago
Paul Volcker, the former chairman of the Federal Reserve, spoke to baseball owners about the nation’s economy without specifically addressing how the league would be affected.
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submitted by Robby for team staff news 1 week 3 days 9 hours 54 minutes ago
WASHINGTON (AP) -- Federal Reserve Chairman Ben Bernanke acknowledges he was wrong in believing that there would be limited fallout to financial markets from risky mortgages that soured after the housing market's collapse....
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submitted by Robby for team staff news 3 weeks 4 days 4 hours 54 minutes ago
SAO PAULO, Brazil (AP) -- Brazil's president on Saturday demanded that major reforms of the international financial system include strong input from large emerging nations and said the collapse of modern banking structures is victimizing the world's poor....
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submitted by Robby for team staff news 1 day 19 hours 54 minutes ago
MILWAUKEE, Dec. 1 -- Pilgrim's Pride, the nation's largest chicken producer, filed for Chapter 11 bankruptcy protection Monday, hobbled by its debt load and volatile feed prices. The Pittsburg, Texas-based company sought bankruptcy protection in a filing with the U.S. Bankruptcy Court for the Northern...(more)
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submitted by Robby for team staff news 5 hours 53 minutes ago
Capital One, a leading credit card company and bank, is expected to announce tomorrow that it will buy Chevy Chase Bank, a landmark Washington financial firm with branches throughout the region, according to sources familiar with the matter. Capital One will pay $520 million in...(more)
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submitted by Robby for team staff news 5 hours 53 minutes ago
The Treasury Department is considering plans being pushed by trade groups to intervene directly into the mortgage market to dramatically force down rates and stimulate the moribund housing market, according to idustry sources familiar wih the matter. One proposal calls for Treasury to buy the...(more)
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submitted by Robby for team staff news 5 weeks 2 days 1 hour 54 minutes ago
Affected by the financial crisis, Denmark, a member of the European Union that has so far refused to abandon its currency for the euro, is finding out how difficult it can be to go it alone.
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submitted by Augie Brown 20 weeks 1 day 16 hours 34 minutes ago
The economy showed the depth of its twin problems on Tuesday, slow growth and rising inflation, as the nation wrestled with a teetering financial system, a slumping dollar and rising prices for food and fuel.
The Labor Department reported that soaring costs for gasoline and food pushed...(more)
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submitted by Robby for team staff news 8 weeks 5 days 6 hours 53 minutes ago
Spurred by the global economic crisis, French President Nicolas Sarkozy and others are meeting Saturday on overhauling the financial system. French President Nicolas Sarkozy has declared war on corporate barons who fire thousands of employees, drive firms into the ground and walk away from the ruins...(more)
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submitted by Robby for team staff news 6 hours 54 minutes ago
DENVER (AP) -- A severe pullback in spending for everything from houses in Connecticut to jewelry in Europe and steel in China has reached as far as the New Mexico mining town of Silver City, N.M....
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