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MSNBC
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General Electric Co. reported a smaller-than-expected first-quarter profit Friday and lowered its outlook for fiscal 2008, as a slowing U.S. economy sapped its financial services business.
GE, which also makes jet engines, railroad locomotives, water t..
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MSNBC
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Federal authorities are investigating Countrywide Financial Corp. for securities fraud, according to media reports.
The FBI is in the early stages of an inquiry into whether company officials misrepresented its financial position and the quality of its..
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MSNBC
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For most of today's investors, the stock market collapse of Oct. 19, 1987, was a defining moment — the biggest financial crisis in memory and a stern reminder about the nature of investment risk.
On that Black Monday 20 years ago, the Dow Jones indus..
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CBS News
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When the stock market soars or plunges, everyone pays attention. But short term results aren't that important to the man you're about to meet. David Walker thinks the biggest economic peril facing the nation is being ignored, and for nearly two years now..
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Guardian Unlimited
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Iran's financial system suffered a fresh jolt yesterday with panic selling on the stock market after the president, Mahmoud Ahmadinejad, abruptly ordered banks to cut interest rates sharply, despite surging inflation.
The order, which Mr Ahmadinejad is..
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BBC News
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News and information group Reuters has agreed to be bought out by Canadian financial data provider Thomson in a deal worth about $17bn.
The tie-up will create the world's biggest financial news and data firm, allowing the new company to leapfrog its ma..
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Yahoo News
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Oil services giant Halliburton Co. will soon shift its corporate headquarters from Houston to the Mideast financial powerhouse of Dubai, chief executive Dave Lesar announced Sunday.
"Halliburton is opening its corporate headquarters in Dubai while main..
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Yahoo News
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The Thai government said it would lift controls on foreign investment in stocks after the market plunged nearly 15 percent on Tuesday, rattling regional bourses amid worries about a repeat of the 1997 Asian financial crisis...
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BusinessWeek
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The board referred to a series of setbacks, but paying $25 billion for Golden West Financial at the housing bubble's peak clearly led to the CEO's ouster
In his first five years as chief executive of First Union—later to become Wachovia (WB)—Ken Th..
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BusinessWeek
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Financial institutions the world over use Libor—short for the London interbank offered rate—to set the interest paid on everything from mortgage loans to complex financial instruments. But now questions are being raised about whether the rate has been..
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BusinessWeek
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The financial crisis isn't over, but by several measures investors are letting go of their worst fears
Lately, Wall Street feels like a less anxious place. No, the credit crisis isn't over. An optimist is still hard to find. But ever since the terrifyi..
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BusinessWeek
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Jim Tyree overcame poverty and life-threatening disease to lift Mesirow Financial to new heights
Jim Tyree has the thick neck and battered gait of a retired football player. He turned 50 last fall, but his thinning white hair and that walk make him loo..
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BusinessWeek
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This March, as the market stumbled over the Bear Stearns (BSC) collapse, ProShare Advisors posted a small notice on its Web site: "Bear Stearns is not a counterparty to any of the financial instruments held by ProShares." That's about the only information..
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MSNBC
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Federal Reserve Chairman Ben Bernanke said Thursday that regulators must move ahead on ways to prevent a future financial crisis from occurring even as they battle one that threatens to plunge the country into recession.
“We do not have the luxury of..
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BusinessWeek
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Where can you find the smartest, savviest takes on the markets and the economy? Here are some good bets
Recent events—especially the Federal Reserve's surprising moves in helping JPMorgan (JPM) acquire the scraps of Bear Stearns (BSC) to prevent a ma..
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SF Gate
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It's a Herculean task: revamping a financial regulatory system dating back to the Civil War to deal with 21st century crises imperiling the country.
Under an ambitious Bush administration plan, the Federal Reserve would take on the unwieldy role of ube..
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SF Gate
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It was only by coincidence that the giant overhaul of U.S. financial regulations proposed by the Treasury Department on Monday arrived during a financial crisis, but a key part of the plan, to extend the Fed's regulation of investment banks, is a reaction..
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BBC News
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The US Treasury is set to reveal its blueprint for the biggest overhaul of regulation of the financial sector since the 1930s.
Critics have said that the credit crunch and resultant market turmoil made a strong case for change.
But Treasury Secretar..
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BusinessWeek
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Credit market constriction is limiting the financial aid available to college students. Here are some tips for shopping for a private loan
The college acceptance letters are coming in, and for many families the search for student loans is just beginnin..
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MSNBC
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Consultations about the situation continued through the weekend among representatives from the Fed, Treasury Department, financial institutions and others. President Bush planned to meet on Monday with his advisory panel on financial markets, whose member..
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