Wall Street has set aside fears about a collapse of the U.S. auto industry, and closed higher in another sign that it's able to absorb troubling news. The market recovered from the heavy selling at the start of the session following the Treasury Department...
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Asian and European markets fell sharply on Friday after Washington's automaker bailout plan floundered on Republican opposition. More bleak economic data from the U.S. and news of 35,000 job cuts at Bank of America added to the gloom.
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Bernard Madoff, a quiet force on Wall Street for decades, was arrested and charged on Thursday with allegedly running a $50 billion ''Ponzi scheme'' in what may rank among the biggest fraud cases ever.
The former chairman of the Nasdaq Stock Market is be...
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The Senate's rejection of the auto bailout plan left Detroit's automakers scrounging for a short-term cash infusion Friday to forestall imminent bankruptcy, and the White House said it is considering tapping into the Wall Street rescue fund. Meanwhile, wor...
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The Senate's rejection of the auto bailout plan left Detroit's automakers scrounging for a short-term cash infusion Friday to forestall imminent bankruptcy. World stock markets dropped on the news and stock futures pointed to a big sell-off when U.S. marke...
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Stock markets around the world tumbled Friday after talks over a $14 billion bailout for the U.S. auto industry collapsed in the Senate.
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NEW YORK (AP) -- A dejected stock market headed for a plunge at the opening of trading Friday as the Senate's rejection of a $14 billion lifeline for the auto industry intensified investors' concerns about a deepening recession....
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