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The International Monetary Fund on Wednesday lowered its estimate for global write-downs for banks and other financial institutions to roughly $3.4 trillion but warned […]
Filed under: money by Specialist
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Hedge fund manager John Paulson is considering merging troubled U.S. finance company CIT Group with failed mortgage lender IndyMac Federal Bank, the New York […]
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Whether or not you’re personally convinced that the recession is just about over, those in the big buck mergers-and-acquisitions game are believers.
Biotechnology […]
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The Toronto Stock Exchange has received approval for a rule change that would require securityholder approval in some takeover deals.
The exchange said yesterday the […]
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U.S. commercial banks reported that trading revenue dropped dramatically during the second quarter to $5.2 billion, compared with record revenue of $9.8 billion in […]
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General Motors Co. will go to 24-hour operations at factories in Kansas, Michigan and Indiana to handle an expected increase in demand and to […]
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Some investors believe Goldman Sachs Group Inc may try to shed its commercial banking charter to sidestep U.S. government efforts to rein in exorbitant […]
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The U.S. Federal Reserve Board has rejected Treasury Secretary Timothy Geithner’s request for a public review of its structure and governance, Bloomberg said, citing […]
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Credit card users with money smarts and discipline can protect themselves better than any legislation can.
Initial provisions of the Credit Card Accountability, Responsibility […]
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American Airlines’ latest plan to slash more of its flights will further erode shrinking nonstop opportunities for St. Louis travelers.
The carrier, which […]
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