Fannie Mae, Freddie Mac suspend some foreclosures
Published Friday, Nov. 21, 2008
Fannie Mae and Freddie Mac, the two biggest U.S. home loan finance companies, on Thursday said they would suspend foreclosures of occupied homes until early 2009, as the government moves to stem the tide of home losses plaguing the economy. Read More |
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Citigroup shares slide despite Alwaleed move
Published Friday, Nov. 21, 2008
Citigroup Inc lost more than one-quarter of its market value on growing worries over whether it has enough capital to withstand billions of dollars of potential losses and despite new support from its largest individual investor.
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Dell profit tops Street view, shares rise
Published Friday, Nov. 21, 2008
Dell Inc, the world's No. 2 PC maker, posted a better-than-expected quarterly profit on Thursday as cost cuts offset lower revenue, sending its shares up about 6 percent. Read More |
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NY City securities workforce down to Sept 2005 level
Published Friday, Nov. 21, 2008
New York City's securities companies shed 16,000 employees in October, measured on a year-over-year basis, pushing the total work force down to a level last seen September 2005, a state labor analyst said on Thursday.
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Obese have right to two airline seats
Published Friday, Nov. 21, 2008
Obese people have the right to two seats for the price of one on flights within Canada, the Supreme Court of Canada ruled on Thursday. Read More |
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Paulson defends handling of U.S. financial crisis
Published Friday, Nov. 21, 2008
Treasury Secretary Henry Paulson on Thursday defended his handling of the financial crisis but refused to say whether any further help will be offered to struggling bank Citigroup. Read More |
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Cerberus faces unwelcome scrutiny in autos struggle
Published Friday, Nov. 21, 2008
The woes of the American auto industry have put secretive private equity firm Cerberus Capital Management and co-founder Stephen Feinberg in the one place they don't want to be -- the spotlight. Read More |
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Retailers and credit card lenders at odds in crunch
Published Friday, Nov. 21, 2008
The need by U.S. retailers' to sell in hard times has put them at odds with the lenders backing their credit cards. While stores aggressively promote use of their cards, lenders are increasingly wary of consumer defaults.
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Auto execs testify as legislators try for deal
Published Thursday, Nov. 20, 2008
U.S. auto executives went to Capitol Hill for a second day on Wednesday to argue their case for $25 billion in aid as legislators proposed changes to help a bailout pass Congressional and White House muster.
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Fed minutes: may need more rate cuts if growth ebbs
Published Thursday, Nov. 20, 2008
Federal Reserve officials slashed economic growth forecasts through 2009 and some believed even deeper interest rate cuts may be needed if growth slows further, minutes of their October policy meeting show.
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BI-LO teams to feed the hungry
Published Thursday, Nov. 20, 2008
This holiday season BI-LO Charities is teaming up with the Seneca community to provide much-needed supplies for Golden Corner Food Bank. With the current economic situation, the number of people requiring assistance is increasing daily.
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