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Finance

Fed in uncharted waters, eyes new tools to brace the economy

Associated Press
Jan 27, 2009 10:00 pm - WASHINGTON -- With the U.S. reeling from a recession, Federal Reserve policymakers are weighing what other tools they can use to brace the economy. Fed Chairman Ben Bern...
Citigroup, Bank of America will give Treasury monthly reports

By Ari Levy Bloomberg News
Jan 23, 2009 10:00 pm - The U.S. government's decision to pledge billions of additional dollars with strings attached to Citigroup Inc. and Bank of America Corp. may be nationalization by anoth...
Venture capital investments fall 33 percent in 4Q

Associated Press
Jan 23, 2009 10:00 pm - NEW YORK -- Venture capital investments plunged 33 percent in the fourth quarter, falling to the lowest level in nearly four years as the financiers of new business ide...
Job cuts at Ameriprise Financial Inc.

Jan 20, 2009 10:00 pm - MINNEAPOLIS -- Ameriprise Financial Inc. says it plans to lay off 300 of its Minneapolis employees. Tuesday's announcement comes about a week before the financial advice...
WaMu branches to close

By Anna Marie Kukec
Jan 19, 2009 10:00 pm - JPMorgan Chase & Co. plans to close about 300 WaMu bank branches nationwide, including 57 in the Chicago area, by March. Some of the 57 area branches will be in the subu...
TD Ameritrade 1Q profit falls 23 pct, cuts outlook

Associated Press
Jan 19, 2009 10:00 pm - OMAHA, Neb. -- Online brokerage TD Ameritrade said Tuesday its first-quarter profit dropped 23 percent and cut its outlook for the year because of the nation's economic ...
Suburban company goes green in museum exhibit

By Deborah Donovan
Jan 14, 2009 10:00 pm - Owners of a Hoffman Estates company that designs hybrid alternative energy systems are featured in an exhibit honoring black environmentalists at the Museum of Science a...
Death knell for Citigroup's 'supermarket' model

Associated Press
Jan 13, 2009 10:00 pm - Citigroup signaled the end of a decade-long experiment to create one-stop shopping for financial services -- everything from consumer loans to investment banking -- with...
Job losses hit 2.4 million-more pain ahead

Associated Press
Jan 07, 2009 10:00 pm - WASHINGTON - Americans probably suffered a net loss of 2.4 million jobs last year, with the pain likely to stretch well into 2009 and possibly beyond, underscoring the r...
Treasurys fall as investors brace for supply glut

Associated Press
Jan 05, 2009 10:00 pm - NEW YORK -- Longer-term Treasury bond yields extended their advance Monday as investors braced for the possibility that the government will have to issue even more debt...

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