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    Business Headlines
    SMFG seen eyeing Goldman as Japan shops on Wall St (Reuters)
    Reuters - Sumitomo Mitsui Financial Group (8316.T), Japan's No. 3 bank, plans to invest in Goldman Sachs Group Inc , Japanese media said, in what would be the third big Japanese investment this week on Wall Street. -- read full article
    Wed, 24 Sep 2008 08:00:45 GMT - Yahoo! News: Business
    EDF launches 12.5 billion pound bid on British Energy (Reuters)
    Reuters - French utility EDF launched a 12.5 billion pound ($23.14 billion) agreed takeover bid on power producer British Energy , helping to secure Britain's nuclear future. -- read full article
    Wed, 24 Sep 2008 06:42:32 GMT - Yahoo! News: Business
    Fed sets $30 billion swaps lines to ease credit strains (Reuters)
    Reuters - The U.S. Federal Reserve said on Wednesday that it had set up $30 billion worth of new currency swaps with central banks in Australia and Scandinavia, marking its latest bid to ease global credit market strains. -- read full article
    Wed, 24 Sep 2008 08:19:51 GMT - Yahoo! News: Business
    Goldman gets boost amid worries on bailout (Reuters)

    Warren Buffett listens to a question during a news conference in Madrid, May 21, 2008. (Andrea Comas/Reuters)Reuters - Architects of a $700 billion bailout plan urged U.S. lawmakers to act swiftly or face dire economic consequences amid growing concern the rescue may be delayed, but markets were heartened by news that Warren Buffett was investing $5 billion in Goldman Sachs .


    -- read full article
    Wed, 24 Sep 2008 04:27:47 GMT - Yahoo! News: Business
    Circuit City seeks jolt as embattled CEO departs (AP)

    Circuit City Inc. CEO Philip J. Schoonover poses in front of a display of widescreen televisions at the Circuit City store in Glen Allen, Va.,  Nov. 21, 2005. Schoonover, 48,  stepped down Monday, Sept. 22, 2008,  and was replaced by a board member appointed to defuse a fierce proxy battle as the struggling electronics retailer steps up its turnaround effort.  (AP Photo/Steve Helber, File)AP - A change at the top may not be enough to jump-start Circuit City Stores Inc., after the head of the nation's No. 2 consumer electronics retailer abruptly resigned amid plummeting stock prices and calls for his ouster.


    -- read full article
    Tue, 23 Sep 2008 18:55:30 GMT - Yahoo! News: Business
    Dollar recovers some lost ground amid nerves on US bank bailout (AFP)

    A man counts US dollar notes. The dollar recovered some ground on Tuesday as players awaited more details on a massive US government plan to bail out a banking system crippled by the subprime home loan crisis.(AFP/File/Vanderlei Almeida)AFP - The dollar recovered some ground on Tuesday as players awaited more details on a massive US government plan to bail out a banking system crippled by the subprime home loan crisis.


    -- read full article
    Tue, 23 Sep 2008 17:08:19 GMT - Yahoo! News: Business
    Retail trade group offers weak holiday forecast (AP)
    AP - Holiday sales are expected to grow at the slowest pace in six years as shoppers worry about jobs, the housing and stock markets and high gas and food prices, according to a forecast from the National Retail Federation being released Tuesday. -- read full article
    Tue, 23 Sep 2008 14:52:15 GMT - Yahoo! News: Business
    Lennar loss narrower than expected (Reuters)

    A Lennar housing development in Colorado in a file photo. (Rick Wilking/Reuters)Reuters - Lennar Corp posted a narrower-than-expected quarterly loss on Tuesday as the home builder reduced construction and administrative costs.


    -- read full article
    Tue, 23 Sep 2008 11:51:17 GMT - Yahoo! News: Business
    GSE oversight powers came too late: regulator (Reuters)

    Photographers surround (from right) Treasury Secretary Henry Paulson,Chairman of the Federal Reserve Ben Bernanke, Securities and Exchange Commission Chairman Christopher Cox and Federal Housing Finance Agency Director James Lockhart III, at the hearing held by the Senate Banking Committee about credit market turmoil and the government economic bailout plan on Capitol Hill in Washington September 23, 2008. (Kevin Lamarque/Reuters)Reuters - The U.S. Congress gave a new regulator for Fannie Mae and Freddie Mac stronger oversight powers too late to help steer the companies away from a government takeover, the chief regulator for the mortgage finance companies said on Tuesday.


    -- read full article
    Tue, 23 Sep 2008 11:47:47 GMT - Yahoo! News: Business
    Oil falls $3 as bailout worries weigh (Reuters)

    A general view shows the P-51 oil rig of Brazilian oil giant Petrobras at Angra dos reis in Rio de Janeiro August 21, 2008. (Bruno Domingos/Reuters)Reuters - Oil prices fell $3 on Tuesday -- reversing direction after Monday's dramatic rally -- as dealers focused on slowing global energy demand and doubts over a U.S. plan to rescue the financial sector.


    -- read full article
    Tue, 23 Sep 2008 18:23:08 GMT - Yahoo! News: Business
    Financial worries, GE push Wall Street lower (Reuters)

    A street sign is seen on Wall Street outside the New York Stock Exchange York January 18, 2008. (Brendan McDermid/Reuters)Reuters - Stocks fell in choppy trading on Tuesday, led by a drop in shares of General Electric and lingering worries about the financial sector that derailed an advance spearheaded by technology companies.


    -- read full article
    Tue, 23 Sep 2008 18:54:21 GMT - Yahoo! News: Business
    Paulson and Bernanke warn of costs of bailout delay (Reuters)

    U.S. Treasury Secretary Henry Paulson (L) listens to Federal Reserve Chairman Ben Bernanke (R) testify before the Senate Banking Committee on Capitol Hill September 23, 2008. (Larry Downing/Reuters)Reuters - U.S. Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke on Tuesday urged Congress to act swiftly to put in place a $700 billion financial system bailout, warning delay would put the economy at risk.


    -- read full article
    Tue, 23 Sep 2008 15:37:21 GMT - Yahoo! News: Business
    Circuit City CEO resigns amid troubles (AP)
    AP - The chief executive at Circuit City Stores Inc. stepped down Monday and was replaced by a board member appointed to defuse a fierce proxy battle as the struggling electronics retailer steps up its turnaround effort. -- read full article
    Mon, 22 Sep 2008 23:39:30 GMT - Yahoo! News: Business
    Today on the presidential campaign trail (AP)

    Republican presidential candidate Sen. John McCain, R-Ariz. participates in a town hall meeting style campaign event at the Scranton Cultural Center at the Masonic Temple in Scranton, Pa., Monday, Sept. 22, 2008. (AP Photo/Gerald Herbert)AP - McCain says economic crisis worst since World War II ... Obama pledges deep cuts in spending to fix economy ... Obama and McCain attack each other in new television ads ... Biden calls for stronger voice for National Guard within the Defense Department ... McCain suggests NY Democrat Cuomo could be SEC chief ... AP-Yahoo Poll: Blacks, whites still see society through different lenses


    -- read full article
    Mon, 22 Sep 2008 19:59:10 GMT - Yahoo! News: Business
    GIC has large cash pile, sees opportunities in US (Reuters)
    Reuters - Singapore sovereign fund GIC said it still had plenty of cash after its multi-billion dollar investments in UBS and Citigroup and saw opportunities in the United States amid the financial storm. -- read full article
    Tue, 23 Sep 2008 05:29:50 GMT - Yahoo! News: Business
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