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    Business Headlines
    Wide financial sector fears to drive market (Reuters)

    American flags are flown at the New York Stock Exchange September 9, 2008. (Chip East/Reuters)Reuters - Even if the fate of Lehman Brothers is resolved this weekend, Wall Street is likely to remain on edge next week because of fears over the health of other big financial companies.


    -- read full article
    Sat, 13 Sep 2008 09:35:22 GMT - Yahoo! News: Business
    Regulators set to review Fannie, Freddie exit pay (Reuters)

    The headquarters of mortgage lender Freddie Mac is seen in Mclean, Virginia, near Washington, September 8, 2008. (Jason Reed/Reuters)Reuters - Financial regulators have decided how multi-million dollar severance packages for the departing chief executives of mortgage giants Fannie Mae and Freddie Mac could be limited.


    -- read full article
    Sat, 13 Sep 2008 18:20:35 GMT - Yahoo! News: Business
    Banks and officials resume meetings on Lehman fate (Reuters)

    The exterior of the world headquarters for Lehman Brothers is seen in New York September 12, 2008. (Shannon Stapleton/Reuters)Reuters - Government officials resumed meetings with the heads of some of Wall Street's biggest banks on Saturday and were expected to further press the banks to craft a rescue for beleaguered Lehman Brothers Holdings Inc.


    -- read full article
    Sat, 13 Sep 2008 18:50:56 GMT - Yahoo! News: Business
    Wagoner tells Congress: "not seeking bailouts" (Reuters)

    General Motors Corp. headquarters is seen in Detroit July 29, 2008. (Rebecca Cook/Reuters)Reuters - Detroit automakers are not seeking a government rescue, but need quick congressional action to free $25 billion in federally backed loans to help them retool plants and meet new fuel efficiency targets, the chief executive of General Motors Corp said on Friday.


    -- read full article
    Fri, 12 Sep 2008 21:49:31 GMT - Yahoo! News: Business
    Walgreen offers to buy Longs for $3 billion including debt (Reuters)
    Reuters - Walgreen Co said on Friday that it offered to buy Longs Drug Stores Corp for $75 per share in cash, or $3 billion including debt, countering an offer from rival CVS Caremark that had been spurned by top investors. -- read full article
    Sat, 13 Sep 2008 03:35:35 GMT - Yahoo! News: Business
    Retail sales off but optimism rises (Reuters)

    Sales at retailers fell for a second month in a row during August, the Commerce Department reported on Friday in the latest sign that consumer spending is weakening. (Graphic/Reuters)Reuters - Sales at U.S. retail stores fell for a second straight month in August as consumers facing a tough job market cut spending, but declining gasoline prices seemed to lift their spirits in September.


    -- read full article
    Fri, 12 Sep 2008 20:59:09 GMT - Yahoo! News: Business
    Merrill now in shorts' sights as Lehman crumbles (Reuters)

    A Merrill Lynch sign is seen in Toronto, April 29, 2008. (Mark Blinch/Reuters)Reuters - The crisis of confidence in Lehman Brothers has led to fallout throughout the financial sector -- especially for larger rival Merrill Lynch & Co Inc .


    -- read full article
    Fri, 12 Sep 2008 21:44:23 GMT - Yahoo! News: Business
    Reports conflict on JPMorgan talks with WaMu (Reuters)

    The JPMorgan and Chase headquarters is seen in New York in this January 30, 2008 file photo. (Shannon Stapleton/Reuters)Reuters - Shares of Washington Mutual Inc whipsawed on Friday amid conflicting reports that JPMorgan Chase & Co was in talks to acquire the battered savings and loan institution.


    -- read full article
    Fri, 12 Sep 2008 22:33:03 GMT - Yahoo! News: Business
    Fed holds crisis talks as Lehman hunts for buyer (Reuters)

    The exterior of the world headquarters for Lehman Brothers is seen in New York September 12, 2008. (Shannon Stapleton/Reuters)Reuters - The Federal Reserve Bank of New York held emergency talks with officials of major Wall Street firms on Friday night as concerns grew that Lehman Brothers Holdings Inc may fail to find a willing buyer to save the ailing institution.


    -- read full article
    Sat, 13 Sep 2008 03:21:08 GMT - Yahoo! News: Business
    US August retail sales in surprise slump (AFP)

    Shoppers at a store in Miami, March 2008. US retail sales unexpectedly fell 0.3 percent in August, with strong automobile sales helping offset a steeper decline.(AFP/Getty Images/File/Joe Raedle)AFP - US retail sales fell 0.3 percent in August as a government fiscal stimulus faded, with strong automobile sales helping offset a steeper decline, the Commerce Department said Friday.


    -- read full article
    Fri, 12 Sep 2008 13:50:35 GMT - Yahoo! News: Business
    Government should not back loans to automakers: senator (Reuters)

    General Motors Corp. headquarters is seen in Detroit July 29, 2008. (Rebecca Cook/Reuters)Reuters - The U.S. government should not back $25 billion or more in loans to help General Motors Corp and the other domestic auto companies, the top Republican on the Senate Banking Committee said on Friday.


    -- read full article
    Fri, 12 Sep 2008 17:02:54 GMT - Yahoo! News: Business
    Russian markets, banks under pressure (AP)
    AP - Russia's top central banker warned Thursday the country's banking sector faces a liquidity shortage, just hours after President Dmitry Medvedev sought to restore calm to Russia's battered stock markets and boost its investment image. -- read full article
    Thu, 11 Sep 2008 16:53:11 GMT - Yahoo! News: Business
    Wall Street falls amid Lehman, AIG worries (Reuters)

    The Lehman Brothers stock symbol 'LEH' scrolls across a ticker in the Bank of America branch in New York's Time's Square, September 11, 2008. (Brendan McDermid/Reuters)Reuters - Stocks fell on Friday as fears about the survival of investment bank Lehman Brothers and the possibility of more mortgage-related losses at American International Group weighed on financial shares.


    -- read full article
    Fri, 12 Sep 2008 18:39:17 GMT - Yahoo! News: Business
    WaMu outlook weak but soothes some investors (Reuters)

    A woman walks into a Washington Mutual bank in New York, April 7, 2008. (Joshua Lott/Reuters)Reuters - Washington Mutual Inc's revelation that it plans another big write-down for soured loans but has enough capital to survive soothed some analysts and investors who were fearful that the housing crisis might cripple the largest U.S. savings and loan.


    -- read full article
    Fri, 12 Sep 2008 17:26:46 GMT - Yahoo! News: Business
    Retail sales off but optimism rises (Reuters)

    Sales at retailers fell for a second month in a row during August, the Commerce Department reported on Friday in the latest sign that consumer spending is weakening. (Graphic/Reuters)Reuters - Sales at U.S. retail stores fell for a second straight month in August as consumers facing a tough job market cut spending, but declining gasoline prices seemed to lift their spirits in September.


    -- read full article
    Fri, 12 Sep 2008 17:25:51 GMT - Yahoo! News: Business
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