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Finance

With key rate near zero, Fed scopes out options

Associated Press
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...
Will the stock market rally stick, or vanish?

Associated Press
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...
World Bank president says 2009 shaping up to be 'very dangerous'

Bloomberg News
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...
CEO: Citi operating at profit through February

Associated Press
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 ...
JPMorgan, Bank of America, Wells Fargo may have ratings cut

Bloomberg News
Mar 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...
Wells Fargo suspends bonuses for top executives

Associated Press
Feb 26, 2009 10:00 pm - NEW YORK -- Wells Fargo & Co.'s board has suspended its bonus policy for Chief Executive John Stumpf and its other top executives, according to a Securities and Exchange...
Hedge-fund swindler due in NY court after checkup

Associated Press
Feb 26, 2009 10:00 pm - WHITE PLAINS, New York -- Fresh from a medical checkup, a New York hedge-fund cheat is returning to court on charges that he skipped out on a 20-year prison sentence. In...
Source: Citi-gov't aid deal may come this week

Associated Press
Feb 25, 2009 10:00 pm - NEW YORK -- Citigroup Inc.'s bid to boost its equity capital could result in the federal government raising its stake in the troubled bank this week to as much as 40 per...
JPMorgan to cut 12,000 jobs related to WaMu deal

Associated Press
Feb 25, 2009 10:00 pm - NEW YORK -- JPMorgan Chase & Co. said Thursday it will eliminate about 12,000 jobs as it folds in the operations of Washington Mutual Inc. According to slides on the com...
Merrill Lynch 2008 loss revised higher by $533 mil

Associated Press
Feb 24, 2009 10:00 pm - NEW YORK -- Merrill Lynch & Co. disclosed late Tuesday its 2008 losses were about $533 million more than previously reported, according to a regulatory filing. Merrill r...

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