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submitted by Robby for team staff news 6 days 5 hours 16 minutes ago
LONDON (AP) -- The U.S. government's recent decision to save banking giant Citigroup Inc. may ultimately be remembered as the last high-profile bank rescue in the great financial crisis of 2008, but that doesn't mean it's business as usual in global markets....
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submitted by GG92 6 days 4 hours 52 minutes ago
The holiday shopping season begins Friday with a blitz of early morning specials. For some merchants, though, it's practically over already.
Piles of jewelry, clothing and electric drills are bypassing store shelves and heading straight to liquidators by the caseload as stores try to save as much...(more)
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submitted by Robby for team staff news 10 hours 16 minutes ago
PARIS (AP) -- France's state-controlled power company challenged a proposed takeover by Warren Buffett of Constellation Energy Wednesday, putting up almost as much money for half its nuclear business as the legendary investor had offered for the entire company....
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submitted by Robby for team staff news 1 day 7 hours 16 minutes ago
NEW YORK (AP) -- Ford says its November U.S. light vehicle sales tumbled 31 percent amid a continued slump in consumer spending and tight credit markets. Toyota's sales fell 34 percent despite its extension of zero-percent financing on a dozen vehicles....
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submitted by Robby for team staff news 11 hours 16 minutes ago
The downturn in the German car market is "at a pace and magnitude that has never happened before", the country's main autos trade body warns.
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submitted by Robby for team staff news 11 hours 16 minutes ago
FRANKFURT, Germany (AP) -- Retailer Arcandor AG said Wednesday its board has proposed Karl-Gerhard Eick, the outgoing chief financial officer for Deutsche Telekom, to become the new CEO with the aim of replacing Thomas Middelhoff next year....
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submitted by Robby for team staff news 11 hours 16 minutes ago
DUBLIN, Ireland (AP) -- Ireland's unemployment rate surged to a decade-high of 7.8 percent in November, surprising economists and deepening the government's struggle to contain its budget deficit....
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submitted by Robby for team staff news 4 days 17 hours 16 minutes ago
TOKYO, Nov. 28 -- Production at Japan's vital manufacturers is sinking fast -- and is projected to turn in its worst quarter ever -- as a plunge in global demand batters the core of the world's second-largest economy. The government said Friday that industrial production...(more)
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submitted by Robby for team staff news 4 days 17 hours 16 minutes ago
AFP - King Abdullah of OPEC powerhouse Saudi Arabia said in an interview published on Saturday that oil prices of 75 dollars a barrel would be "fair".
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submitted by Robby for team staff news 12 hours 16 minutes ago
AFP - A new round of job cuts in Italy and Spain, plunging German auto sales and a eurozone report described as "horrible" pointed on Wednesday to further interest rate cuts in Europe, analysts said.
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submitted by Robby for team staff news 12 hours 16 minutes ago
LONDON (AP) -- Northern Rock, the nationalized mortgage lender, said Wednesday it would wait at least six months before moving to repossess homes when payments fall behind....
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submitted by Robby for team staff news 6 days 15 hours 16 minutes ago
If a toy fits inside a toilet-paper tube, it's too small for the tiny tots, consumer advocates warned this week. U.S. Public Interest Research Group said parents shopping for holiday toys should look out for hazards such as small parts, soft plastics and...
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