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Fallout Begins After Dismal Holiday Season

Posted: 12/30/2008 - The fallout from the horrific holiday season for retailers has begun, with the operator of an online toy seller filing for bankruptcy protection and more stores expected to do the same — meaning more empty storefronts and fewer brands on store shelves.

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Amazon: 2008 Is Our Best Holiday Season Ever

Posted: 12/26/2008 - Online retailer Inc. called this holiday season its "best ever," saying Friday that it saw a 17 percent increase in orders on its busiest day.

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Official Says Calif. Could Be Broke In 2 Months

Posted: 12/23/2008 - California's chief financial officer warned Monday that the state would run out of money in about two months as hopes of a Christmas budget compromise melted into political finger-pointing by the end of the day.

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Credit Union Money

Posted: 12/22/2008 - Credit unions are looking at bridging the gap of auto financing that has dried up as banks have tightened credit.

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AP Study Finds $1.6B Went To Bailed-Out Bank Execs

Posted: 12/21/2008 - Banks that are getting taxpayer bailouts awarded their top executives nearly $1.6 billion in salaries, bonuses, and other benefits in the calendar year 2007, an Associated Press analysis reveals.

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Biden To Oversee Efforts Aimed At Middle Class

Posted: 12/21/2008 - Vice President-elect Joe Biden will oversee a task force that will make recommendations on how to build the ranks of the middle class, that ambiguously defined segment of society in which most Americans identify themselves.

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Tentacles Of Madoff Scandal Reach Far And Wide

Posted: 12/21/2008 - In the nonprofit legal center Steven Schwartz runs from a converted furniture store in Northampton, Mass., the e-mail was very good news: By week's end, a check for $243,000 would be on its way.

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When Is A Holiday Not Really A Holiday?

Posted: 12/20/2008 - The 22 police officers who patrol a tiny Long Island, New York village will no longer receive holiday pay when they work on Gerald Ford Day, the National Day of Katrina Remembrance, Theodore Roosevelt's birthday, and Parents' Day.

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President Bush: Automakers To Get $17.4 Billion

Updated: 12/19/2008 - The Bush administration came to the rescue of the troubled U.S. auto industry, offering $17.4 billion in loans in exchange for concessions from carmakers and their workers.

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Mass. Investor Saw Inside Madoff Scam

Posted: 12/19/2008 - His repeated warnings that Wall Street money manager Bernard Madoff was running a giant Ponzi scheme have cast Harry Markopolos as an unheeded prophet.

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Panasonic To Buy Sanyo In $9 Billion Deal

Posted: 12/19/2008 - Panasonic will acquire rival Japanese electronics maker Sanyo for up to 800 billion yen ($9 billion) through a public tender offer after top shareholders, including Goldman Sachs, agreed to the takeover, the companies said Friday.

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AP Exclusive: Expert Seeks Treasury Spending Plan

Posted: 12/19/2008 - The top congressional watchdog overseeing the nation's financial bailout says she wouldn't buy a winter coat without a spending plan. And she says she's frustrated by the Treasury Department's refusal to explain how it is doling out billions in taxpayer money.

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Lehman Broker Charged In Insider Trading Case

Posted: 12/19/2008 - A former Lehman Brothers broker who gleaned tips about pending mergers from his wife, a partner at a high-powered public relations firm, was charged Thursday in a wide-ranging insider trading scheme that earned $4.8 million in profits for several people including a former Playboy model and two lawyers, authorities said.

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Fed Cuts Target For Key Rate To Record Low

Updated: 12/16/2008 - The Federal Reserve has cut its target for a key interest rate to the lowest level on record and pledged to use "all available tools" to combat a severe financial crisis and prolonged recession.

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Fed Ready To Slash Rates Amid Deepening Recession

Posted: 12/16/2008 - As unemployment rises painfully higher and nest eggs are shattered, the Federal Reserve is prepared slash a key interest rate — perhaps to an all-time low — in a desperate bid to stem the country's economic slide.

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