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Recession: just how bad can it really get?

It was a day that left economists scrambling for the right doom-laden adjective. “Shocking”, “dire” and “horrific” were just some of the words used t[...] read more »
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Dow slides 312 points on 79th anniversary of Wall Street Crash

Wall Street clawed back heavy early losses to close down 312.3 points on the 79th anniversary of the Wall Street Crash of 1929 as investors reacted t[...] read more »
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Bargain stocks, a good deal?

Despite intense speculation and high hopes of locking in tax benefits. But watch out. Bargain stocks might not be the good deal they seem. read more »
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Wave of job cuts sweeps across corporate America

As companies look at their prospects for the final quarter of the year and begin to see increasingly grim outlooks for 2009, they are cutting jobs fr[...] read more »
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Wall Street Layoffs Could Surge Past 200,000

The fallout from this year's global credit crisis has claimed jobs on all corners of Wall Street, from hedge fund managers to floor traders and beyo[...] read more »
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Opec wants to halt oil price slide but fears making financial crisis worse

Members of the Opec oil producers’ cartel began negotiations on Thursday on whether to cut output in a desperate bid to halt the slide in crude price[...] read more »
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Microsoft shakes off Vista concerns to post rise in profits

Computer software giant Microsoft is faring better than expected in the economic downturn – despite continued concern over its Vista operating system[...] read more »
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IMF plans rescue of emerging nations

The International Monetary Fund is working on a package it hopes to approve by early November which would let several emerging market economies excha[...] read more »
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Transcript challenges UK position on Iceland

A transcript of a conversation between the UK chancellor, Alistair Darling, and his Icelandic counterpart appears to question the British government’[...] read more »
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Rare elements key to green technology

Examines the constraints that the scarcity of rare earth elements (REEs), which are essential to green technologies, might place on green tech develo[...] read more »
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US to Host G20 Summit Over Crisis

Apparently, the first summit with European leaders didn't produce tangible enough actions to move the global economy out of this crisis. read more »
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Warren Buffett loses 9.6 Billion in one stock

He has lost more value in his stock than the CEO of any other publicly traded company. The current tally on the paper loss is $9.6 billion. read more »
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Apple's "real" earnings grew a staggering 124.6% in Q4

In its recently reported fiscal fourth quarter, Apple's adjusted net income grew approximately 124.6% from $1.085 billion in Q4 2007 to $2.437 billi[...] read more »
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Greenspan Concedes to `Flaw' in His Market Ideology

In May 2005 speech, Greenspan said that ``private regulation generally has proved far better at constraining excessive risk-taking than has governmen[...] read more »
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Greenspan: Financial crisis is ‘credit tsunami'

Former Federal Reserve Chairman Alan Greenspan says the current financial crisis is a “once-in-a-century credit tsunami” which will have a severe imp[...] read more »
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