Finance
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GMAC first quarter loss widens as credit markets remain weak
May 04, 2009 11:00 pm - NEW YORK -- GMAC Financial Services said Tuesday that it will not be automatically be forced to file for bankruptcy protection if General Motors Corp. is unable to restr...
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Mortgage rates dip, stay above record lows
Apr 22, 2009 11:00 pm - WASHINGTON -- Rates on 30-year mortgages fell slightly from last week but remained just ahead of record lows posted this month, Freddie Mac said Thursday. Average rates ...
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Treasury seeks to keep U.S. bank stakes after buybackApr 16, 2009 11:00 pm - The Treasury intends to retain an ownership interest in many U.S. banks even after the lenders buy back preferred stock the government currently holds as part of its res...
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Citigroup results surpass expectations
Apr 16, 2009 11:00 pm - NEW YORK -- Citigroup reported its smallest quarterly loss since 2007, but its problems are far from over. The bank released first-quarter results Friday that were buoye...
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JPMorgan Chase posts better-than-expected profit
Apr 15, 2009 11:00 pm - NEW YORK -- JPMorgan Chase's first-quarter profit was not as good as last year's, but it told investors what they wanted to hear: Banking is not dead. JPMorgan said Thur...
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Goldman Q1 earnings surpass Wall Street estimates
Apr 13, 2009 11:00 pm - NEW YORK -- Goldman Sachs, in another sign that banks may be turning around, beat Wall Street's earnings expectations as it reported a profit of $1.66 billion for the fi...
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Are you ready for Tax Day? Here's some quick tipsApr 12, 2009 11:00 pm - So far, about 4.3 million Illinois residents have filed returns. Another 1.4 million returns and 300,000 extension requests are expected by Wednesday, the deadline for f...
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Trade deficit falls for 7th straight month in Feb.
Apr 08, 2009 11:00 pm - WASHINGTON -- The U.S. trade deficit plunged unexpectedly in February as the recession pushed imports down for a seventh straight month while exports rebounded a bit. An...
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Wells Fargo projects record $3 billion 1Q profit
Apr 08, 2009 11:00 pm - NEW YORK -- Wells Fargo & Co. said Thursday it expects record first-quarter earnings of $3 billion, easily surpassing analysts' estimates and providing an encouraging si...
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Interbank lending rates continue to edge lowerApr 08, 2009 11:00 pm - LONDON -- The cost of three-month dollar loans between banks fell modestly Thursday amid hopes financial markets have stabilized and that government and central bank eff...