Asian markets have plunged after the U.S. government rescue of Detroit's ailing automakers collapsed in the Senate, intensifying fears about a protracted global slump.
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World stock markets plunged Friday after a proposed U.S. government rescue of Detroit's ailing automakers collapsed in the Senate, intensifying fears about a protracted global slump. European markets followed Asia lower, and U.S. stock index futures pointe...
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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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Taiwan shares retreated Friday as regional markets tumbled after the Senate rejected a $14 billion bailout for U.S. automakers. The Weighted Price Index of the Taiwan Stock Exchange dropped 174.30 points, or 3.7 percent, to close at 4,481.27. Financial and...
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LONDON (AP) -- World stock markets plunged Friday as the U.S. Senate's rejection of a $14 billion deal to rescue Detroit's ailing automakers stoked concerns that the recession in the world's largest economy will be even longer and deeper than projected...
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Washington » U.S. households, hit by declining home values and stock market losses, have cut back on their debt levels for the first time on record as loans remain scarce amid what appears to be a deepening recession.
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A Wall Street advisor and former chairman of the Nasdaq stock market was arrested Thursday for fraud after allegedly admitting to running a ''giant'' pyramid scheme, prosecutors announced.
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Business News: Deal approved by shareholders Tuesday -- Taewon Entertainment, one of Korea's leading movie production and distribution companies, will return to the stock market having been taken over by Eins Intl., a listed beauty products company.
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