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GM-Chrysler Talks Gain Momentum

Posted: 10/20/2008 - A person familiar with the merger discussions between GM and Chrysler says that the talks have advanced to the point where top executives of both companies have looked at a deal and asked for refinements.

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Report: NBC Universal Plans $500M In Spending Cuts

Posted: 10/20/2008 - A trade paper reports that NBC Universal plans to cut $500 million in spending next year to prepare for an expected continuation of the worldwide economic slowdown.

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UBS Chair Gives Up Bonus During Crisis

Posted: 10/20/2008 - The chairman of UBS AG says he'll forgo a bonus until the bank has recovered from huge losses in the global financial crisis.

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Dow Plunges Again; Second Biggest Loss Ever

Posted: 10/15/2008 - Despair over the economy has sent Wall Street plunging again, propelling the Dow Jones industrials to their second-largest point loss ever.

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Oil Moves Above $83

Posted: 10/14/2008 - Oil prices have jumped above $83 a barrel in Asia as the days of panic selling seem to be coming to an end.

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Parties Jockey On Economic Aid

Posted: 10/14/2008 - Republicans and Democrats in the House are pushing competing economic stimulus plans, looking for an advantage on the top issue in the campaign.

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CEO Says No Deal To Announce

Posted: 10/14/2008 - Chrysler's CEO says his company hasn't reached any new deals with other automakers but has spoken with outside parties interested in working with the maker of Dodge and Jeep.

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Stocks Hit The Skids

Posted: 10/13/2008 - Wall Street is hoping this week will be better than last week, which turned out to be the worst five-days in its history.

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Most Asian Markets Rise After Last Week's Sell-Off

Posted: 10/13/2008 - Most Asian stock markets have recovered today from last week's historic sell-off, thanks to intensified efforts by governments around the world to stabilize the global financial system.

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Fed Approves Wells Fargo's Wachovia Buy

Posted: 10/13/2008 - The Federal Reserve has approved Wells Fargo's $11.7 billion acquisition of Wachovia, removing the deal's last major regulatory hurdle.

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