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    Business Headlines
    Wells Fargo asks judge to void Citi-Wachovia pact (Reuters)

    A sign marks the entrance to Wells Fargo bank in Dallas, Texas October 9, 2008. (Jessica Rinaldi/Reuters)Reuters - Wells Fargo & Co , which has agreed to buy Wachovia Corp , asked a federal court to void Citigroup Inc's earlier agreement to buy parts of the big North Carolina lender.


    -- read full article
    Tue, 14 Oct 2008 18:08:22 GMT - Yahoo! News: Business
    Apple unveils new MacBooks (Reuters)

    Steve Jobs, Apple Inc.'s Chief Executive Officer, introduces the new MacBook and MacBook Pro laptops at a news conference in Cupertino, California, October 14, 2008. (Kimberly White/Reuters)Reuters - (Reuters) Apple CEO Steve Jobs on Tuesday unveiled the latest line of MacBook notebook computers, offering an all-metal design, 3D graphics and LED backlit displays at prices up to $700 less than before.


    -- read full article
    Tue, 14 Oct 2008 18:35:09 GMT - Yahoo! News: Business
    Bank stocks surge as government pumps in $250 billions (Reuters)

    The JP Morgan and Chase headquarters is seen in New York, January 30, 2008. (Shannon Stapleton/Reuters)Reuters - Bank stocks soared on Tuesday after the government set plans to inject $250 billion into the battered sector, where exposure to toxic mortgages and other debt has pummeled investor confidence and share prices.


    -- read full article
    Tue, 14 Oct 2008 17:13:08 GMT - Yahoo! News: Business
    Stocks drop on profit worries (Reuters)

    Traders work on the floor of New York Stock Exchange October 14, 2008. (Shannon Stapleton/Reuters)Reuters - Stocks fell on Tuesday, led by technology companies on concerns a sharp global economic slowdown would crimp profits.


    -- read full article
    Tue, 14 Oct 2008 18:17:59 GMT - Yahoo! News: Business
    In new era, U.S. to buy $250 billion in bank stakes (Reuters)

    Secretary of Treasury Henry Paulson talks about financial markets and the Market Stability Initiative in the Cash Room of the Treasury Department, October 14, 2008. (Larry Downing/Reuters)Reuters - The United States ushered in a new era in banking on Tuesday with plans to take equity stakes worth up to $250 billion in financial institutions, an incursion into the private sector that U.S. officials called a regrettable last resort.


    -- read full article
    Tue, 14 Oct 2008 18:43:38 GMT - Yahoo! News: Business
    J.C. Penney to launch apparel line: report (Reuters)

    Customers leave a JC Penney Co store in Westminster, Colorado August 14, 2008. JC Penny on Thursday will report on its earnings. (Rick Wilking/Reuters)Reuters - Mid-tier retailer J.C. Penney Co Inc is expected to announce a new line of moderately-priced women's apparel later on Tuesday, the Wall Street Journal said.


    -- read full article
    Tue, 14 Oct 2008 06:05:32 GMT - Yahoo! News: Business
    Global shares soar as governments pump billions into banks (AFP)

    A Royal Bank of Scotland (RBS) branch in London. Britain is ploughing 37 billion pounds into RBS, HBOS and Lloyds as part of a bailout scheme to buy shares in troubled institutions. Global stock markets staged spectacular gains Monday as governments pumped hundreds of billions of dollars into banks crippled by the credit crunch, coaxing newly confident investors to buy shares.(AFP/Shaun Curry)AFP - Global stock markets staged spectacular gains Monday as governments pumped hundreds of billions of dollars into banks crippled by the credit crunch, coaxing newly confident investors to buy shares.


    -- read full article
    Mon, 13 Oct 2008 22:26:38 GMT - Yahoo! News: Business
    Nikkei surges over 14 percent in record 1-day gain (Reuters)

    Staff at the Tokyo Stock Exchange work at the bourse in Tokyo October 14, 2008. (Issei Kato/Reuters)Reuters - The Nikkei average soared more than 14 percent on Tuesday, the biggest one-day gain in its 58-year history, after governments around the world pledged to support struggling banks and restore confidence in the financial system.


    -- read full article
    Tue, 14 Oct 2008 07:06:38 GMT - Yahoo! News: Business
    Legg Mason unit eyes distressed sales: report (Reuters)
    Reuters - Permal Investment Management, the hedge fund investment division of U.S. asset manager Legg Mason Inc , is aiming to raise up to $500 million to take advantage of a boom in distressed sales of hedge fund holdings, the Financial Times said. -- read full article
    Tue, 14 Oct 2008 05:39:52 GMT - Yahoo! News: Business
    Bernanke says U.S. plan to help revive markets: report (Reuters)

    Federal Reserve Chairman Ben Bernanke attends the International Monetary and Financial Committee meeting during the annual IMF-World Bank meeting in Washington October 11, 2008. (Yuri Gripas/Reuters)Reuters - Federal Reserve Chairman Ben Bernanke said a U.S. financial rescue plan to be fleshed out on Tuesday would restore normality to markets and lay the groundwork for economic recovery.


    -- read full article
    Tue, 14 Oct 2008 08:23:19 GMT - Yahoo! News: Business
    Automakers could return to Congress for help (Reuters)

    Robots work on 2008 Ford Expedition and Lincoln Navigator SUV frames on the assembly line at Ford Motor Michigan Truck Plant in Wayne, Michigan August 26, 2008. (Rebecca Cook/Reuters)Reuters - U.S. automakers could turn to Congress after the November election to try to expedite $25 billion in government-backed loans, which Detroit manufacturers consider crucial to reversing their steep downward spiral.


    -- read full article
    Mon, 13 Oct 2008 23:51:02 GMT - Yahoo! News: Business
    U.S. to pump $250 billion into banks (Reuters)

    Treasury Secretary Henry Paulson (R) and President George W. Bush listen during the evening's entertainment following an official dinner honoring Italian Prime Minister Silvio Berlusconi at the White House in Washington October 13, 2008. (Kevin Lamarque/Reuters)Reuters - The United States will announce plans on Tuesday to inject $250 billion into its banks, following similar, concerted measures in Europe to revive money markets and stave off global recession.


    -- read full article
    Tue, 14 Oct 2008 08:44:16 GMT - Yahoo! News: Business
    The Benefits Of Dollar-Cost Averaging (Investor's Business Daily)
    Investor's Business Daily - When autos go on sale, more people tend to want to buy. The same with clothing and TV sets and soft drinks. -- read full article
    Fri, 10 Oct 2008 22:03:24 GMT - Yahoo! News: Business
    London shares leap more than 4.84% (AFP)

    The London Stock Exchange logo. The stock market has surged 4.84 percent in late morning trade after leading banks accepted billions of pounds of taxpayers' money to prop up their ailing institutions.(AFP/File/Ben Stansall)AFP - The FTSE 100 soared on Monday, with the index of leading shares up 4.84 percent after leading banks accepted billions of pounds of taxpayers' money to prop up their ailing institutions.


    -- read full article
    Mon, 13 Oct 2008 13:06:34 GMT - Yahoo! News: Business
    Iceland officially requests IMF help for crisis (Reuters)
    Reuters - Iceland has officially requested financing from the International Monetary Fund, an IMF official said on Monday, part of efforts to combat a crisis that has overwhelmed its once-flourishing financial sector. -- read full article
    Mon, 13 Oct 2008 18:30:38 GMT - Yahoo! News: Business
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