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U.S. Stocks Rally on Federal Plan to Shore Up Financial System (Elizabeth Stanton)
(Bloomberg) -- U.S. stocks rose on prospects the government is formulating a ``permanent'' plan to shore up financial markets and regulators and pension funds took steps aimed at curbing bets ...
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Arctic Ice in "Death Spiral," Is Near Record Low (Mason Inman)
(National Geographic News) -- The Arctic Ocean's sea ice has shrunk to its second smallest area on record, close to 2007's record-shattering low, scientists report.
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Oil market collapse waiting to happen (Chris Cook)
After a phenomenal "spike" in oil prices to US$147 per barrel, the price has declined to just over $90. In the US this led to a "spike" to $4 per gallon of gasoline and placed energy prices right at ...
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Stiglitz:‘US economy in desperate shape’ (Nathan Gardels)
Joseph Stiglitz was awarded the Nobel Prize for Economics in 2001. He spoke from New York with Global Viewpoint editor Nathan Gardels on Tuesday, Sept. 16, about the Wall Street meltdown.
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WSJ:Worst Crisis Since '30s, With No End Yet in Sight (Jon Hilsenrath, Serena Ng and Damian Paletta)
The financial crisis that began 13 months ago has entered a new, far more serious phase.
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Morgan Stanley Said to Consider Merger as Wachovia Calls Mack (Christine Harper, Jonathan Keehner)
Sept. 17 (Bloomberg) -- Morgan Stanley is weighing a merger with Wachovia Corp. and several other banks as the securities firm seeks to regain investor confidence after its shares sank 42 percent ...
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Tab for Government Rescues Rises to $900 Billion (Reuters)
The U.S. Federal Reserve stepped in to rescue insurance giant American International Group from bankruptcy with an $85 billion loan on Tuesday, the latest in a series of bailouts and loans for the ...
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Washington Mutual Begins Efforts to Sell Itself (Eric Dash, Andrew Ross Sorkin,Michael de la Merced)
Washington Mutual, the struggling savings and loan, has been working on several efforts to save itself, including a potential sale, people briefed on the matter said Wednesday.
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U.S. Stocks Plunge as Lending Freezes Up Following AIG Takeover (Elizabeth Stanton, Lynn Thomasson)
Sept. 17 (Bloomberg) -- U.S. stocks tumbled as bank lending seized up in the wake of the government's takeover of American International Group Inc., raising concern that more of the nation's biggest ...
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AIG Gets Up to $85 Billion Fed Loan; Cedes Control (Craig Torres, Hugh Son)
Sept. 16 (Bloomberg) -- The U.S. government agreed to lend as much as $85 billion to American International Group Inc. in exchange for a 79.9 percent stake to save the country's biggest insurer from ...
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Heart Disease, Diabetes Linked to Chemical in Plastics (Deborah Kotz)
Research on bisphenol A fuels calls for a ban on the chemical's use in hard plastics and metal cans
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