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Suddenly, a Markets Turnaround (07 January 10:36) |
| The Dow Jones Industrial Average is up nearly 20% from its low, and other global stock and bond markets are having similar turnarounds. Analysts debate whether the strength can last. |
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BofA's Chief Decides to Forgo Bonuses (07 January 10:34) |
| Bank of America's CEO said he and his top executives should get no 2008 bonuses. The lender also trimmed its stake in China's CCB. |
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Retailers Press Landlords on Rent (07 January 10:33) |
| Retailers, having just struggled through one of the worst holiday shopping seasons in recent memory, are now trying to share the pain with their landlords. |
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Madoff Tried to Stave Off Firm's Crash (07 January 10:31) |
| Days before Madoff's arrest he received $250 million from a Wall Street mentor, showing how the investment manager tried to raise cash to stave off his firm's collapse. |
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Defaults Pose a Reckoning for Stock Rally (07 January 06:14) |
| Credit-worthy companies have recently found a healthy appetite for their new debt. It is the older stuff that could cause trouble. |
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For Economy, More Widgets, Fewer Services? (06 January 06:48) |
| After years of carrying the economy, the service sector might need to shed some of the load. |
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Merrill's Broker Chief Quits BofA (06 January 10:37) |
| Bob McCann, the head of the brokerage force at Merrill Lynch, plans to leave just days after its acquisition by Bank of America was completed. |
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Smart Money Tiptoes Back Into Energy (06 January 10:25) |
| A pair of deals by investor George Kaiser may signal smart money's return, albeit cautiously, to energy firms. |
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Answering Morgan Stanley Riddle (06 January 10:14) |
| Two leading candidates to succeed Morgan Stanley CEO John Mack represent two distinct visions of what the battered firm may eventually become. |
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For Economy, More Widgets, Less Services? (06 January 07:20) |
| After years of carrying the economy, the service sector might need to shed some of the load. |
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Banks, Telecoms Lead Stock Slide (06 January 03:52) |
| The Dow industrials fell 81.80 points, or 0.9%, to 8952.89 as economic worries persisted. Verizon and AT&T fell after a downgrade and bank stocks dropped. |
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Madoff Chasers Dug for Years, to No Avail (05 January 10:43) |
| Madoff's firm was examined at least eight times in 16 years by various agencies, who never came close to uncovering his alleged scheme. The regulatory failures will be on display Monday at a... |
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Renaissance Waives Fees on Fund (05 January 10:30) |
| A Renaissance hedge fund will waive management fees this year following a poor performance in 2008. |
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Rebound Wrinkle: Recession (05 January 09:33) |
| Some investors have put aside standard models and are considering what to do if markets and the economy remain troubled for a sustained period. |
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Commodities Look Around for Inflation (05 January 08:08) |
| With inflation an open question for 2009, the market will hear this week from two companies that thrived when prices rose in 2008. |
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Fairholme Fund Rejiggers (03 January 09:53) |
| Some investors are wondering if Bruce Berkowitz, the lead manager of Fairholme Fund, suddenly has lost his touch after the $6.7 billion mutual fund dropped 24% in the last three months of th... |
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Do as Experts Say, Not as They Do (03 January 09:27) |
| If you think it is hard to stick to your New Year's resolutions, consider how some of the investing world's leading experts don't always take their own advice. |
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Fairholme Rejiggers and Some Investors Fret (03 January 08:53) |
| Some investors are wondering if Bruce Berkowitz, the lead manager of Fairholme Fund, suddenly has lost his touch after the $6.7 billion mutual fund dropped 24% in the last three months of th... |
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Stocks Gain 258 Points To Open '09 (03 January 06:30) |
| Stocks rang in the new year with the biggest first-day rally since 2003. The Dow Jones Industrial Average rose 258.30 points, or 2.9%, to 9034.69, its first finish above 9000 since Nov. 5, t... |
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Madoff Took Funds Near Arrest (03 January 06:30) |
| Madoff accepted $10 million from an investor just six days before he was arrested. Austria took over a bank that sank over $2 billion into Madoff's firm. |
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Bank-Failure Central? Alpharetta, Ga. (02 January 07:27) |
| Alpharetta, Ga., is a suburb of wide boulevards, sleepy cul-de-sacs and bustling red-brick shopping centers. It also is the bank-failure capital of the U.S. |
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FDIC Uses Tool From S&L Crisis (02 January 06:40) |
| The FDIC is dusting off a tool used during the S&L crisis as it braces for a wave of bank failures in 2009. |
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FDIC Employs Tool Used for S&L Crisis (02 January 10:31) |
| The FDIC is dusting off a tool used during the S&L crisis as it braces for a wave of bank failures in 2009. |
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Bank-Failure Central? Try Alpharetta, Ga. (02 January 08:06) |
| Alpharetta, Ga., is a suburb of wide boulevards, sleepy cul-de-sacs and bustling red-brick shopping centers. It also is the bank-failure capital of the U.S. |
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Madoff Provides Details of Assets (02 January 07:21) |
| Bernard Madoff gave authorities a list of assets, but investigators have yet to determine where all the money in an alleged Ponzi scheme went. |
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First Hangover Of the Year: 'Alt-A' Loans (02 January 05:29) |
| Alt-A doom-and-gloom predictions have been around for a long time. But unless the new year brings unexpectedly good news, there will be plenty more for lenders to cry about. |
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Buyout Shops Circle Distressed Firms (31 December 10:28) |
| Deal makers expect a pickup in transactions in which buyout shops and hedge funds wrest control of troubled companies on the cheap. |
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'Dr. Doom' Didn't Predict Madoff Blowup (31 December 09:54) |
| Henry Kaufman, a former Salomon Brothers economist known as "Dr. Doom" for his bearish views, lost millions on Madoff investments. |
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Financials May Be Poised to Lead Way (31 December 09:41) |
| If the stock market makes a lasting recovery in 2009, the financial sector -- its worst performer in 2008 -- may lead the way. |
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Blue Chips Rise 184.46, Still Down 35% (31 December 09:41) |
| Stocks rose, but with a day to go in 2008 the market is set to record its third-worst year on record. The Dow Jones Industrial Average, even after Tuesday's 184.46-point gain, is down 34.65%... |
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Mortgage 'Cram-Downs' Loom (31 December 09:03) |
| The effort to give bankruptcy judges the power to rewrite mortgages is gaining steam. |
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Blue Chips Ease 31.62 Points;Year's Loss Stands at 36% (30 December 10:22) |
| Stocks trimmed their losses but still ended down on Monday, as questions swirled about the viability of Dow Chemical's planned takeover of Rohm & Haas and tensions in the Middle East drove o... |
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UBP Scrambles to Explain Madoff Ties (30 December 09:24) |
| Swiss private bank UBP is scrambling to explain its ties to Madoff. Half of the bank's 22 funds of funds put some money into Madoff-related vehicles. |
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Confidence Sans Spending Means Little (30 December 08:53) |
| Economists, on average, think consumer confidence improved a bit for the second month in a row after hitting a record low in October. |
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Nationwide Pays Richly For a Unit (30 December 08:50) |
| Nationwide Mutual is close to a $2.48 billion deal to buy back part of a unit it sold to the public just over a decade ago. |
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Banks to Post a Rare Quarterly Loss (30 December 08:47) |
| Banks and savings institutions in the U.S. appear headed for their first overall quarterly loss since 1990. |
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Latin Americans Keep Quiet on Madoff (29 December 10:22) |
| Wealthy investors in Latin America appear to be among big losers in the Ponzi scheme allegedly orchestrated by Bernard Madoff. |
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Latins Quiet About Madoff Losses (29 December 10:22) |
| Wealthy investors in Latin America appear to be among big losers in the Ponzi scheme allegedly orchestrated by Bernard Madoff. |
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Odd Couple: Stocks and Credit Markets (29 December 10:12) |
| For much of the year, U.S. stock and credit markets have been out of sync. Now, credit seems to be improving, but the stock market isn't. |
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Financier's Fortune Led Investors to Madoff (29 December 08:06) |
| Madoff used used middlemen such as Thierry Magon de La Villehuchet to persuade others to invest in an alleged Ponzi scheme. |
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Weaker Dollar Worries Japan, Germany (29 December 06:55) |
| The dollar's sharp turn weaker is threatening to reshuffle winners and losers in global trade amid the toughest economic conditions in decades. |
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Goldman Falls in M&A Rankings (27 December 11:18) |
| Goldman's seven-year run as the No. 1 deal adviser ended as J.P. Morgan took the top spot in 2008, Dealogic data show. |
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As Energy Stocks Rise, Funds Hesitate (27 December 09:41) |
| Energy stocks are rebounding despite oil's recent plunge, but fund managers are waiting to see a recovery in global demand before buying. |
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Retailers Brace for Major Change (27 December 09:40) |
| Fallout from the dismal holiday sales season promises to have a lasting impact on how the retail industry operates, with some prepared for a large number of bankruptcies and store closures. |
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Fiscal Stress Can Be Family-Room Topic (27 December 08:19) |
| This holiday season, as you clean up under the Christmas tree or put away the menorah, set some time aside to talk about how the financial crisis may affect your family. |
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Goldman's Star Dims in M&A Rankings (27 December 08:07) |
| Goldman's seven-year run as the No. 1 deal adviser ended as J.P. Morgan took the top spot in 2008, Dealogic data show. |
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GM Helps DJIA Rise 47.07 Points (27 December 07:29) |
| Stocks mustered modest gains ahead of the last week of the year, but major indexes finished lower for the holiday-shortened week that just ended. |
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Banks Told: Lend More, Save More (27 December 03:12) |
| Bankers are complaining about mixed signals from U.S. regulators, who want them to lend more but build up capital to protect against losses. |
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Investors Bet On America (26 December 09:27) |
| Signs of weakness in overseas economies may bring investing in the U.S. back in vogue. |
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GMAC Is Closer to Bailout Funds (26 December 08:44) |
| The Fed allowed GMAC to become a bank-holding company, potentially giving the entity access to billions of dollars of Treasury funds. (Fed statement) |
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