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submitted by Robby for team staff news 1 day 3 hours 25 minutes ago
QUITO, Ecuador, Nov. 20 -- A presidential commission recommended Thursday that Ecuador default on almost 40 percent of its foreign debt after finding "illegalities and illegitimacies" in the contracts. President Rafael Correa said he would seek to halt payment on those debts and hold foreign...(more)
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submitted by Robby for team staff news 4 weeks 1 day 21 hours 25 minutes ago
Former Federal Reserve Chairman Alan Greenspan says the current financial crisis is a "once-in-a-century credit tsunami" which will have a severe impact on the U.S. economy, driving unemployment higher.
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submitted by Robby for team staff news 1 day 10 hours 25 minutes ago
NEW YORK (AP) -- Investors flooded into government debt again on Thursday, launching the 30-year Treasury bond to a huge one-day gain as worries mounted about an auto industry collapse....
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submitted by Robby for team staff news 3 weeks 1 day 22 hours 25 minutes ago
TOKYO, Oct. 30 -- Prime Minister Taro Aso moved Thursday to shelter Japanese taxpayers from global financial turmoil -- and to put off a national election that polls suggest could toss him and his ruling party out of power. Aso, who has been in office...(more)
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submitted by Robby for team staff news 2 weeks 5 days 8 hours 25 minutes ago
KUALA LUMPUR, Malaysia (AP) -- Oil prices rose to nearly $69 a barrel in Asia Monday, rising in tandem with advancing regional equity markets but traders predicted gains may be capped by lingering worries over the health of the global economy....
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submitted by Robby for team staff news 2 weeks 4 days 4 hours 25 minutes ago
FRANKFURT, Germany (AP) -- Carmaker BMW AG said Tuesday its net profit for the third quarter dropped 63 percent as global demand for its sports and luxury cars fell off....
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submitted by Robby for team staff news 4 weeks 1 day 20 hours 25 minutes ago
Alan Greenspan, the former Federal Reserve chairman, told a House panel that the crisis had uncovered a flaw in how the free market system works that had shocked him.
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submitted by Robby for team staff news 4 weeks 1 day 21 hours 25 minutes ago
Former Federal Reserve Chairman Alan Greenspan called today for imposing some of the same sorts of regulations on mortgage securities he resisted when he was in office, acknowledging that the current financial crisis had exposed "a flaw" in his view of how the world and...(more)
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submitted by Robby for team staff news 1 day 5 hours 25 minutes ago
AP - Singapore's economy has skidded into a recession for the first time since 2001, the government said Friday, warning that it could contract by up to 1 percent next year as a global slowdown saps export demand.
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submitted by Robby for team staff news 25 minutes ago
SAN FRANCISCO (AP) -- While many Americans sleep off the effects of oversize turkey dinners, Glenn Murphy will mingle with holiday hordes at an outlet mall. Murphy, chairman and CEO of The Gap Inc., said he and other executives are assessing whether the retail industry's "doorbuster"...(more)
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submitted by Robby for team staff news 25 minutes ago
NEW YORK (AP) -- The start of the holiday shopping season crept earlier into Thursday as retailers lured shoppers to stores and online ahead of the traditional Black Friday kick-off....
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submitted by Robby for team staff news 1 hour 25 minutes ago
G.M. executives are using the Chevrolet Volt as the centerpiece of their case to a skeptical Congress that their business plan for a turnaround is strong.
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