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    Personal Finance Headlines
    Credit jitters, surging oil hurt stocks (Reuters)

    Traders work on the floor of the New York Stock Exchange August 8, 2008. (Joshua Lott/Reuters)Reuters - Stocks fell on Wednesday, as persistent concerns about the credit crisis hurt bank shares while a rebound in oil prices and weak outlooks at some retailers raised anxieties about consumer spending.


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    Wed, 13 Aug 2008 20:43:46 GMT - Yahoo! News: Personal Finance News
    Greenspan sees house price bottom in 2009: report (Reuters)

    File photo shows former U.S. Federal Reserve chairman Alan Greenspan at the International Financial Corporation in Washington October 21, 2007. (Yuri Gripa/Reuters)Reuters - Former Federal Reserve Chairman Alan Greenspan predicts U.S. house prices will begin to stabilize in the first half of next year, even as he faulted the government's rescue of mortgage market giants Fannie Mae and Freddie Mac, the Wall Street Journal reported on Thursday.


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    Thu, 14 Aug 2008 07:19:56 GMT - Yahoo! News: Personal Finance News
    Credit jitters, oil hit Wall St (Reuters)

    Traders work on the floor of the New York Stock Exchange August 8, 2008. (Joshua Lott/Reuters)Reuters - U.S. stocks slid on Wednesday as financial shares sold off for a second straight day on fresh concerns about the widening impact of the mortgage crisis on the U.S. economy's outlook.


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    Wed, 13 Aug 2008 18:08:07 GMT - Yahoo! News: Personal Finance News
    Worries about credit losses weigh on Wall Street (Reuters)

    A trader works on the floor of the New York Stock Exchange August 8, 2008. (Joshua Lott/Reuters)Reuters - U.S. stocks fell on Tuesday, as bank shares tumbled on fresh worries about the economy and further losses stemming from the mortgage crisis.


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    Tue, 12 Aug 2008 20:20:11 GMT - Yahoo! News: Personal Finance News
    W.Va. AG sues Countrywide over home foreclosures (AP)
    AP - West Virginia's attorney general accuses a national mortgage lender of making risky and unconscionable loans in a lawsuit that's similar to challenges filed in several other states. -- read full article
    Tue, 12 Aug 2008 20:46:55 GMT - Yahoo! News: Personal Finance News
    JPMorgan has $1.5 bln in Q3 mortgage asset losses (Reuters)

    People walk past the JPMorgan Chase  and  Co building in New York March 17, 2008. (Chip East/Reuters)Reuters - JPMorgan Chase & Co said it has racked up $1.5 billion of losses so far this quarter on mortgage-linked assets, reflecting deepening turmoil in credit markets.


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    Tue, 12 Aug 2008 21:56:06 GMT - Yahoo! News: Personal Finance News
    Treasurys advance on worries about credit market (AP)
    AP - Treasury bond prices advanced Tuesday, driven by continued concern about credit losses from major Wall Street banks and uncertainty about the value of risky mortgage-backed securities. -- read full article
    Tue, 12 Aug 2008 22:09:19 GMT - Yahoo! News: Personal Finance News
    SEC short-selling ban on Fannie, Freddie to end (AP)

    The headquarters of mortgage lender Fannie Mae is shown in Washington in this file photo from October 3, 2006. (Jason Reed/Reuters)AP - A government order expires Tuesday that temporarily banned a certain kind of short-selling of the stocks of mortgage finance companies Fannie Mae and Freddie Mac and 17 large investment banks.


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    Tue, 12 Aug 2008 22:12:34 GMT - Yahoo! News: Personal Finance News
    UBS posts Q2 loss, announces reorganization (AP)

    A UBS branch is seen in Basel. Switzerland's biggest bank UBS on Tuesday took another hit of 5.1 billion dollars in subprime-related asset writedowns, as its total damages incurred from the market crisis climbed to 42.5 billion dollars.(AFP/File/Fabrice Coffrini)AP - UBS AG, one of the hardest-hit banks in the subprime mortgage crisis, announced Tuesday that it is reorganizing into three distinct businesses after reporting a large quarterly loss and taking another $5.1 billion hit in writedowns.


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    Tue, 12 Aug 2008 22:23:29 GMT - Yahoo! News: Personal Finance News
    JPMorgan shares tumble on widening 3Q losses (AP)

    People walk past the JPMorgan Chase  and  Co building in New York March 17, 2008. (Chip East/Reuters)AP - JPMorgan Chase & Co. shares tumbled nearly 10 percent Tuesday as the bank's disclosure about escalating losses in its mortgage portfolio set off new concerns about the health of the overall financial sector. An analyst's lowering of the bank's earnings estimates and price target contributed to the decline.


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    Tue, 12 Aug 2008 22:25:00 GMT - Yahoo! News: Personal Finance News
    Most companies in US avoid federal income taxes (AP)
    AP - Two-thirds of U.S. corporations paid no federal income taxes between 1998 and 2005, according to a new report from Congress. -- read full article
    Tue, 12 Aug 2008 10:31:40 GMT - Yahoo! News: Personal Finance News
    JPMorgan Chase: More mortgage market losses for 3Q (AP)
    AP - JPMorgan Chase & Co. revealed Monday that it has incurred more substantial losses in its mortgage investments so far in the third quarter than it did in the previous three months. -- read full article
    Tue, 12 Aug 2008 11:00:40 GMT - Yahoo! News: Personal Finance News
    Financials weigh on Wall St (Reuters)

    A trader works on the floor of the New York Stock Exchange August 8, 2008. (Joshua Lott/Reuters)Reuters - Renewed credit concerns knocked down shares of the major U.S. banks on Tuesday, driving the Dow and S&P 500 lower, and offsetting a decline of $1 in the price of the barrel of U.S. crude oil.


    -- read full article
    Tue, 12 Aug 2008 17:34:32 GMT - Yahoo! News: Personal Finance News
    UBS posts Q2 losses, write-downs of $5.1B (AP)
    AP - UBS AG, one of the hardest hit banks in the subprime mortgage crisis, said Tuesday that it lost 358 Swiss francs ($331 million) in the second quarter as it took another $5.1 billion hit in write-downs on bad assets. -- read full article
    Tue, 12 Aug 2008 15:18:35 GMT - Yahoo! News: Personal Finance News
    Treasurys advance on worries about credit market (AP)
    AP - Treasury bond prices advanced Tuesday, driven by continued concern about credit losses from major Wall Street banks and uncertainty about the value of risky mortgage-backed securities. -- read full article
    Tue, 12 Aug 2008 15:29:12 GMT - Yahoo! News: Personal Finance News
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