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| Business Headlines |
| Moderate and lower earners under more pressure
(Reuters)
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| Reuters - The trouble that began last summer
in the financial markets raised the likelihood of a U.S.
recession, but for America's middle class, the downturn has
been under way for many years, experts plan to tell a
congressional panel on Wednesday. -- read full article |
| Tue, 22 Jul 2008 23:56:23 GMT - Yahoo! News: Business |
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| Vote looms in Congress on housing rescue plan
(Reuters)
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| Reuters - A major rescue package for the U.S.
housing market is scheduled to come to a vote in the House of
Representatives on Wednesday, with lawmakers agreeing final
language late on Tuesday and congressional analysts putting a
$25-billion potential price tag on a new provision.
-- read full article |
| Wed, 23 Jul 2008 04:22:11 GMT - Yahoo! News: Business |
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| Stocks rise as oil's drop trumps earnings
(Reuters)
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| Reuters - Stocks rose more than 1 percent on
Tuesday as oil prices slid over $3 a barrel, taking the edge
off a raft of disappointing earnings from American Express and
others as well as a weak outlook from iPod maker Apple.
-- read full article |
| Tue, 22 Jul 2008 21:26:50 GMT - Yahoo! News: Business |
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| Fannie, Freddie rescue estimate mounts
(Reuters)
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| Reuters - A Bush administration plan to rescue
Fannie Mae and Freddie Mac could cost U.S.
taxpayers $25 billion, congressional budget analysts said on
Tuesday as Congress worked to complete sweeping housing market
legislation.
-- read full article |
| Tue, 22 Jul 2008 16:23:16 GMT - Yahoo! News: Business |
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| Economy - Monday
(Investor's Business Daily)
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| Investor's Business Daily - The Conference Board's Index of Leading Economic Indicators fell 0.1% in June amid the financial crisis, the prolonged housing slump and high gasoline and food prices. "(It) wouldn't take much to push the economy so that it's even weaker in the second half of 2008," said Ken Goldstein, the group's labor economist. The May figure was revised down to a decline of 0.2% after an initially reported 0.1% rise. -- read full article |
| Mon, 21 Jul 2008 22:45:20 GMT - Yahoo! News: Business |
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