GM sets new revival plan
Jul 15 - General Motors announced plans to cut $10 billion in costs and repair its balance sheet...
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Tyre giant rejects family firm bid
Jul 16 - Family-run Schaeffler offered $18 billion for Continental, which is three times its size.
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HBOS cash call flops
Jul 21 - Underwriters Morgan Stanley and Dresdner Kleinwort are left with a $7.57 billion...
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Zimbabwe prints $100 billion note
Jul 22 - Zimbabwe grappling with a record high inflation introduces a new $100 billion dollar...
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Earnings smash-up at Ford
Jul. 24 - Ford Motor posted a record $8.7 billion loss after taking a big hit form its slumping...
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Merrill weighs on Asia
July 29 - Merrill Lynch's 5.7 billion dollars debt write-down and plans for 8.5 billion dollars...
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Oil price helps BP to bumper profit
Jul 29 - British oil giant BP posts an $8.63 billion Q2 profit as the price of crude almost...
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GM Posts $15.5 Billion 2nd-quarter Loss
General Motors said its losses widened to $15.5 billion in the
second quarter as North American...
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Yahoo Directors Re-elected by Wide Margin
Yahoo's board emerged largely unscathed from the Internet
company's annual meeting Friday as a...
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Merrill's fire sale
Jul 29 - Merrill Lynch is unloading risky debt, and is accepting
a price well below market...
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Samsung dials in on China
Samsung, the world's No. 1 memory chip and LCD maker, is dialing in on China for further...
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Citi to pay $7B to investors
Citigroup agreed to buy back more than $7 billion of illiquid auction-rate securities in a deal...
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Olympics mints advertising gold
The Beijing Olympics may see the greatest ad spending ever, as firms try to etch brands into the...
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Beijing's new wonders
China's Great Wall has been a global icon for thousands of years, but the Olympic landmarks of...
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JP Morgan's $1.5 billion hit
JP Morgan warns of a big writedown and says trading conditions have gotten worse.
Oil prices...
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McD's cooks in China
The chain known for "Billions Served" is using its Beijing Olympic sponsorship to serve...
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BHP mines China gold
Top miner, BHP Billiton, is yielding gold from its China ties, with record profits and Olympic...
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Global poverty ranks swell
The World Bank said 1.4 billion people lived under the poverty line as it lifted the benchmark to...
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Commerzbank to cut 9000 jobs
Commerzbank plans to slash around 9000 jobs and cut around 2 billion euros in costs after buying...
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Boeing strike enter 3rd day
One of Boeing's biggest suppliers is cutting production because of the Boeing machinists'...
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UK Utilities in energy-saving drive
Britain's utilities escape a tax on windfall profits but will contribute over $1 billion to an...
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End of an era for Merrill
After billions of dollars in credit-related losses Merrill Lynch marks the end of an era with a...
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Detroit reacts to Wall Street crisis
Auto executives at the Reuters Autos Summit fear credit will tighten as a result of Wall Street's...
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AIG bailout lifts stocks
Insurer American International Group's fight for survival found a $85 billion lifeline from the...
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Russian bourses halt trading
Russian bourses halted trading after the biggest slump since the 1998 collapse with the...
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Bush speaks on markets, economy
U.S. President Bush said he was concerned about financial markets and the economy, but offered...
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Wall St. 2008 vs 1929
Analysts say fears that 2008 could mark the second coming of the Great Depression are vastly...
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700 billion dollar bailout
The US Treasury Secretary Henry Paulson is seeking public approval after plans were put forward...
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Skeptics question bailout plan
U.S. stocks fell nearly 4 percent on Monday on jitters about the historic $700 billion bank...
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Paulson's $700B sales job
Treasury Secretary Paulson heads to Capitol Hill where he hopes to convince lawmakers to back a...
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A $700 billion plea
Treasury Secretary Paulson and Fed Chief Bernanke say $700 billion bailout plan a necessity and...
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Fridson: uncharted waters
High-yield bond veteran Martin Fridson says the U.S. is in "uncharted waters" and the...
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Wall St. frets bailout delay
Investors were worried on Tuesday that congressional wrangling over the $700 billion rescue plan...
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FBI Investigating Companies at Heart of Meltdown
The FBI is investigating four major U.S. financial institutions whose
collapse helped trigger a...
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Uncertainty abounds on Wall Street
Without any movement towards an approved government rescue plan investors steered clear of big...
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Bailout a question of timing
Architects of $700 billion bailout continue to make case for swift passage as lawmakers air...
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U.S. no longer financial superpower?
Germany blames the Anglo-Saxon capitalist model for the global financial crisis and says the...
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Stocks rally as bailout advances
Wall Street took its cue from Washington and as lawmakers suggested the $700 billion bank bailout...
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European shares fall on U.S. news
European shares fall in early trade, led by financials, after U.S. talks over the $700 billion...
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'Great progress' on US bailout
American congressional leaders say they've reached the broad outline of a deal to pump hundreds...
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BOJ cheers U.S. bailout
A top Bank of Japan official expressed hope Monday a $700 billion U.S. government bailout fund...
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Hypo's deal to avoid finance squeeze
German lender Hypo Real Estate secures 35 billion euros in credit guarantees from the German...
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Europe's bank rescue
Benelux governments part nationalise Fortis, the UK nationalises Bradford & Bingley ahead of...
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Asia stocks dip before bailout vote
Japan's Nikkei fell on Monday as investors remained cautious ahead of a key vote by U.S....
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Citigroup scoops up Wachovia
The sixth largest bank falls victim to the credit crisis, and Citigroup takes over.
Citi is...
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McCain, Obama urge bailout unity
In the aftermath of the House defeating a proposed $700 billion financial rescue plan, Obama and...
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Asia falls on failed US bailout
Stock markets across Asia sank on Tuesday after U.S. lawmakers rejected a $700 billion plan to...
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Stocks rebound with eyes on Congress
Wall Street followed its worst day in over 20 years with the biggest one-day percentage gain for...
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McCain, Obama urge bailout action
White House hopefuls Barack Obama and John McCain are urging skeptical Americans to back a $700...
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Obama Calls on Americans to Support Rescue Plan
Democratic presidential candidate Barack Obama is calling for
Americans to get behind attempts to...
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First Person: Analysis of 'Hope for Homeowners'
The Federal Housing Administration announces a $300 billion
program to help distressed homeowners...
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Wall St. slides ahead of Senate vote
Credit markets showed little sign of movement of Wednesday - as the U.S. Senate prepared to vote...
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Senate approves $700 billion bailout
The U.S Senate approved a $700 billion bailout of the financial industry that political and...
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Asia unexcited by bailout vote
The Senate's passage of a $700 billion U.S. financial bailout plan failed to boost Asian share...
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Bailout back in the House
The $700 billion bailout plan is back in the U.S. House of Representatives after the Senate...
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The bailout bill debated
Members of the U.S. House of Representatives debate whether to vote to pass a $700 billion bill...
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Bailout passes
The U.S. House of Representatives passed a revamped $700 billion financial bailout bill Friday...
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Iceland battles economic crisis
Iceland takes over its second largest bank and props up its battered currency, the crown, in the...
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Fed Board Approves Wells Fargo's Wachovia Buy
The Federal Reserve has approved Wells Fargo's $11.7 billion
acquisition of Wachovia. The Fed's...
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British Govt. Bailing Out Banks
The British government said Monday it would provide up to 37
billion pounds (US$63 billion) in...
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Morgan stock soars on deal
Shares of Morgan Stanley soared 87 percent after it inked a deal with Japan's Mitsubishi...
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Iceland negotiates loan in Moscow
After asking for IMF financing, an Icelandic delegation heads to Moscow to hammer out details of...
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Germany moves to approve bailout
Germany's Bundestag lower house of parliament approves a 500 billion euro bank rescue package with...
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Video games dodge tough economy
Despite a looming recession, the video game industry continues to grow and retain loyal...
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Bernanke talks of second stimulus
U.S. Federal Reserve Chairman Ben Bernanke told Congress on Monday that another wave of government...
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Bank taps German state rescue funds
Bavaria's public sector bank BayernLB prepares to ask for funds from the German government's bank...
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Wachovia's record $23.9 loss
Wachovia has the distinction of posting the biggest quarterly loss for a banking company during...
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Repossessions rocket in UK
Despite billion-dollar bailouts, industry watchdog the Financial Services Authority says UK banks...
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SOHO sees chance to expand.
Badly hit by financial crisis, Chinese real estate tycoon SOHO sees opportunity to take cheap...
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China spends near $600 bln
The world's fourth largest economy, China, plans to spend nearly $600 billion to boost demand in...
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G20 agrees on financial action
In Brazil, finance ministers and central bank governors representing 90 percent of the world's...
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Grim data sees markets tumble
Investors look for answers at G20 summit on Saturday as European data stays on a downward...
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Paulson: 'many challenges ahead'
Amid mounting headlines of bankruptcies and layoffs the public is anxious to know if the...
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Asia stocks slide, yen jumps
Asian stock markets tumbled early Thursday, hit by renewed financial crisis jitters and signs the...
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Big Three autos plead for help
GM, Ford and Chrysler were on the hot seat on Capitol Hill as they pleaded with lawmakers to pass...
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Senate Cancels Vote on Doomed Auto Bailout
The Senate's top Democrat called off a planned vote on a
$25-billion auto industry bailout. Senate...
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Auto bailout still on hold
Democratic congressional leaders demand auto executives provide a business survival plan in...
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