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Asian Stocks Tumble

Posted: 09/18/2008 - Asian stocks tumbled Thursday, tracking declines on Wall Street.

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Declines Continue After AIG Bailout

Posted: 09/18/2008 - Stock prices plunged again in the latest session as investors bet that the financial crisis could claim more casualties.

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Shares Plunge

Posted: 09/18/2008 - Shares of Goldman Sachs and Morgan Stanley both plunged Wednesday.

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Reports Due Today

Posted: 09/18/2008 - Before today's opening bell on Wall Street, the Labor Department will release new weekly figures on unemployment claims.

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Bush Cancels Trip Thursday To Work On Economy

Posted: 09/18/2008 - The White House says President Bush is canceling a planned trip to Alabama and Florida today to consult with his economic advisers in Washington.

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Crude Slips

Posted: 09/18/2008 - Oil prices fell Thursday in Asia to around $96 a barrel.

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Wall Street Hits A Seven Year Low

Posted: 09/15/2008 - Wall Street dropped precipitously today, with the Dow Jones industrials suffering their worst point drop since 9/11.

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Wendy's, Triac Approve Takeover

Posted: 09/15/2008 - Shareholders of Wendy's and Triarc have approved a 2.3 billion dollar deal to make the nation's No. 3 hamburger chain a part of billionaire investor Nelson Peltz's empire.

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Crude Drops Below $100

Posted: 09/15/2008 - Oil prices have dropped to a seven-month low, now below $100 a barrel.

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New York Allows AIG To Borrow From Subsidiaries

Posted: 09/15/2008 - New York's governor says he will allow American International Group Inc. to use 20 billion dollars in subsidiary company assets to provide the cash needed for the troubled insurer to stay in business.

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Stocks Down, But Not Out

Posted: 09/15/2008 - Stock prices are lower as investors react to the dramatic news of the bankruptcy for Lehman Brothers and the sale of Merrill Lynch.

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Ike Destroys Numerous Gulf Platforms

Updated: 09/14/2008 - Federal officials say it appears Hurricane Ike destroyed a number of production platforms and damaged some of the pipelines in the Gulf of Mexico.

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Former UnitedHealth CEO Settles Options Lawsuit

Posted: 09/10/2008 - Former UnitedHealth Group Chief Executive William McGuire will pay 30 million dollars and return more than 3 million shares of stock options to settle a class-action lawsuit.

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Billions To Be Shared By Enron Shareholders

Posted: 09/09/2008 - A federal judge has approved a plan to distribute more than $7.2 billion recovered as part of a lawsuit by Enron Corp. shareholders and investors in connection with the company's collapse.

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Fed: Consumer Borrowing Weakest In 7 Months

Posted: 09/09/2008 - As Americans cut back on their car purchases at the peak of the spike in oil prices, borrowing by consumers saw the weakest showing in seven months.

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Wilmington, NC Becomes The First To Go Digital

Posted: 09/09/2008 - It is serving as the proverbial canary in a coal mine. Wilmington, North Carolina yesterday became the first market in the country to transition over to digital-only commercial broadcasting.

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