Finance
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Mortgage rates drop to record low
Mar 25, 2009 11:00 pm - WASHINGTON -- Rates on 30-year mortgages fell this week to the lowest level on record after the Federal Reserve launched a new effort to assist the staggering U.S. housi...
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What are toxic assets?
Mar 23, 2009 11:00 pm - WASHINGTON - A fresh effort to end the paralysis in lending was launched Monday by the Obama administration, which will join with investors to buy up around $500 billion...
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Discover falls after profit decline, dividend cutMar 19, 2009 11:00 pm - Discover Financial Services, the Riverwoods-based credit-card company, fell in New York trading after posting a profit decline and saying it would cut the dividend to 2 ...
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AIG unit sues Countrywide over loan losses
Mar 19, 2009 11:00 pm - LOS ANGELES -- A unit of embattled insurer American International Group Inc. filed suit against mortgage lender Countrywide Financial Corp. in California federal court T...
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Bankers see bright spots in struggling economy
Mar 19, 2009 11:00 pm - OMAHA, Neb. -- Although economic conditions remain weak, rural bankers in 11 Midwest and Plains states say there are some bright spots. The bankers who responded to the ...
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With key rate near zero, Fed scopes out options
Mar 17, 2009 11:00 pm - WASHINGTON -- With a key interest rate already near zero, Federal Reserve policymakers are weighing what other tools they can use to jolt the country out of recession. F...
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Will the stock market rally stick, or vanish?
Mar 14, 2009 11:00 pm - NEW YORK -- Investors have seen this before. Since the bear market began in late 2007, the Dow Jones industrial average has fallen into a pattern of huge declines, big g...
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World Bank president says 2009 shaping up to be 'very dangerous'Mar 12, 2009 11:00 pm - LONDON -- World Bank President Robert Zoellick, a Naperville native, said 2009 "is shaping up to be a very dangerous year" with the global economy facing its first reces...
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CEO: Citi operating at profit through February
Mar 09, 2009 11:00 pm - NEW YORK -- Citigroup Inc. has been operating at a profit through the first two months of the year, according to a letter that the embattled bank's chief executive sent ...
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JPMorgan, Bank of America, Wells Fargo may have ratings cutMar 04, 2009 10:00 pm - JPMorgan Chase & Co., Wells Fargo & Co. and Bank of America Corp., the three largest U.S. banks by market value, may have credit ratings cut by Moody's Investors Service...