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Economy / Top Articles
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Federal Reserve chairman Ben Bernanke said Tuesday that economic recovery hinges on stabilizing the financial system, and proposed new policies aimed at absorbing financial shocks in the future.
"Until we stabilize the financial system, a sustainable eco..
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By Lesley Wroughton and George Obulutsa
DAR ES SALAAM (Reuters) - The International Monetary Fund warned on Tuesday that the world economy will likely contract this year in a "Great Recession" and African leaders said the financial crisis could undo hard..
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HELENA, Mont. (AP) -- Republicans and Democrats brokered a House budget deal Monday that calls for full funding of the children's health insurance initiative that was approved last fall by voters -- and promises quick action on a normally contentious issu..
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WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke said on Tuesday regulators must find a way to safeguard the entire financial system and not just its parts to prevent future crises like the one currently engulfing economies around the globe...
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SAO PAULO (AP) -- Latin America's largest economy shrank in the fourth quarter of last year compared to the previous quarter as the economic crisis gripped the world and put a halt to Brazil's business boom, the government said Tuesday.
The economy contr..
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WASHINGTON (AP) -- The nation's financial regulatory system must be overhauled to strengthen oversight of banks, mutual funds and large financial institutions whose collapse would put the entire economy in peril, Federal Reserve Chairman Ben Bernanke said..
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DES MOINES, Iowa (AP) -- If you had money invested with Texas billionaire R. Allen Stanford's company, Stanford Financial Group, or any of its affiliates in recent years, the FBI wants to talk to you.
In a statement released Monday, the agency said inves..
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OMAHA, Neb. (AP) -- Billionaire Warren Buffett remains confident that America's best days are ahead, but he says the nation likely will face higher unemployment and eventually inflation because of the current economic crisis. Buffett said the nation's lea..
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LONDON (AP) -- Every corner of the planet is reeling from the financial crisis, and central banks have responded aggressively by slashing borrowing costs.
But the traditional weapon of making it cheaper to borrow doesn't seem to be enough: Interest rates..
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NEW YORK (AP) -- Stocks, Treasurys and corporate bonds have been weakening, giving investors fewer places to hide.
As the Dow Jones industrial average tumbled below 6,600 for the first time since 1997, Treasury notes took a modest hit, too, on Monday ahe..
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TOPEKA, Kan. (AP) -- Unemployed Kansans have started getting an extra $25 in their weekly jobless benefits, and food stamp recipients will see an increase in benefits because of the federal stimulus package, state officials said Monday.
Additional federa..
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WASHINGTON (AP) -- Interest rates on short-term Treasury bills were mixed in Monday's auction. Rates on three-month bills dropped to the lowest level since late January, while rates on six-month bills rose.
The Treasury Department auctioned $31 billion i..
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A look at economic developments and stock market activity around the world Monday:
TOKYO -- Japanese shares, already among Asia's worst performing this year, fell sharply to a 26-year closing low on the news that the world's second-largest economy posted..
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CARVER, Mass.--(BUSINESS WIRE)--Pacific Legal Foundation announced today the formal launch of the “Charlie Johnson Legal Defense Fund,” to help a Massachusetts farmer fighting a federal land grab with implications for private property owners across th..
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MINNEAPOLIS--(BUSINESS WIRE)--The Association for Corporate Growth (ACG) Minnesota Chapter and Turnaround Management Association (TMA) invite all members of the Minneapolis/St. Paul media to attend this month’s chapter meeting featuring economist, Dr. A..
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WASHINGTON--(BUSINESS WIRE)--The Financial Industry Regulatory Authority (FINRA) is proposing a major expansion of its Trade Compliance and Reporting Engine (TRACE) to include debt issued by federal government agencies, government corporations and governm..
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SALEM, Ore. (AP) -- Demand for biodiesel is causing a conflict with state restrictions on canola seed production in Oregon.
The Oregon Department of Agriculture hopes to let Willamette Valley farmers know by Sept. 1 whether they will be allowed to grow c..
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ATLANTA--(BUSINESS WIRE)--According to a new Ernst & Young LLP year-end analysis of companies in the Russell 2000 Index, the smallest market cap and the median market cap both continued to decrease since the reconstitution in 2008, while the largest compa..
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--(BUSINESS WIRE)--Consumer Electronics Association (CEA): WHAT: Northern Virginia Technology Council Titans Breakfast Featuring Gary Shapiro Gary Shapiro, president and CEO of the Consumer Electronics Association, will deliver an important speech r..
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NEW YORK--(BUSINESS WIRE)--According to the Ethisphere TARP Index, when markets closed on Friday, March 6, 2009, the government’s Troubled Asset Relief Program (TARP) investment was down approximately $123 billion out of the original investment principa..
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